Accounting for company groups
Mr Grant Gay
One 3-hour session per week
* Second semester
* Clayton
*
Prerequisite: AAF4300 or its equivalent
Objectives On completion of this subject students should understand how the conceptual framework applies to group financial reports; be familiar with financial report presentation and disclosure requirements; be competent in the preparation of group financial reports and the translation of the financial statements of foreign operations; be able to account for interests in joint ventures; be familiar with the requirements of accounting for extractive industries; be familiar with the actions available to companies in financial distress.
Synopsis The topics in this subject include the nature of company groups, consolidation concepts and practices; the preparation of consolidated financial reports; special problems in the preparation of consolidated financial reports; foreign currency translation; equity accounting; decision making using consolidated reports; disclosure of financial information (particularly for company groups); segmented reporting; differential reporting; joint ventures; extractive industries; and business closures.
Assessment Essay (2000 words): 15%
* Class presentation: 10%
*
Mid-semester examination: 15%
* Examination (3 hours): 60%
Prescribed texts
Australian Society of CPAs and the Institute of Chartered Accountants in Australia Accounting handbook Prentice-Hall, 1996
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |