Company groups
Mr Grant Gay
6 points
* One 3-hour session per week
* First semester
*
Clayton
* Prerequisites: MBA5180 or equivalent (recommend at least credit
be obtained)
* Prohibition: AAF2120 or equivalent
Objectives On completion of this subject students should be able to identify the characteristics of and account for investments in alternative business structures; understand how the conceptual framework applies to group financial reports; be familiar with financial report presentation and disclosure requirements and the use of group financial report information for decision making; be competent in the preparation of group financial reports; understand the nature and implications of tax effect accounting; be familiar with the actions available to companies in financial distress.
Synopsis Topics covered in this subject include an introduction to the accounting profession, financial reporting requirements and the reporting entity; accounting for partnerships; branch accounting; accounting for interests in joint ventures; tax-effect accounting; the nature of company groups; the preparation of consolidated financial reports; equity accounting; related party transactions; segment reporting; differential reporting and business closures.
Assessment Written (two 2000-word assignments): 40%
* Examination (3
hours): 60%
Prescribed texts
Australian Society of CPAs and the Institute of Chartered Accountants in Australia Accounting handbook Prentice-Hall, 1995
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |