Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 188)
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Year 2 Accounting.
Credit points: 12.5
Coordinator: Mr I. Langfield-Smith.
Prerequisite: 306-104 Accounting 1B.
Contact: Two 1-hour lectures, a 1-hour workshop and a 1-hour tutorial a week.
Timetable: First semester.
Objectives:
On completion of this subject a student should:
- be familiar with the procedures for incorporation and dissolution of a company;
- be familiar with the impact of diversity and choice of accounting method on external corporate financial statements;
- be familiar with the fixed format and general presentation requirements relevant to external corporate financial statements;
- understand the nature and implications of tax-effect accounting;
- understand the rationale behind funding alternatives and the accounting implications of each;
- be able to understand and discuss the appropriate treatment of goodwill and discount arising on acquisition;
- be competent in the preparation of consolidated external financial statements;
- be aware of the accounting problems arising from engaging in foreign currency denominated business transactions and investments.
Content:
Introduction to the preparation of annual financial statements, accounting standards and the regulation of corporate reporting.
Assessment:
A 3-hour end-of-semester examination (90 per cent); tutorial participation (10 per cent). Satisfactory completion of this subject requires a 50 per cent pass in the examination.
Prescribed texts:
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Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 188)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Accounting and Finance, Faculty of Economics and Commerce.
Copyright © University of Melbourne 1995,1996.