James Cook University Subject Handbook - 2020

BX3011 - Corporate Financial Accounting

Subject Description

The regulatory requirements for preparation of a set of company financial statements, together with the continuous disclosure requirements and voluntary disclosures made by companies, are examined. Alternative accounting practices and issues, and the choice of technique by different preparers of accounts are also examined. Emphasis is placed on the regulation of accounting and its development. This subject is concerned with accounting for the formation, operations and winding-up of companies, and the disclosure of relevant corporate information in financial statements. The following areas are covered: company formation; accounting for share issues and reorganisations; tax-effect accounting; disclosure requirements; business combinations; consolidated accounts; liquidations; and asset impairment.

Learning Outcomes

• evaluate and explain accounting regulations and their effect on the content and format of the financial statements of companies
• analyse and synthesise financial data to prepare financial statements, including notes and explanatory advice, in accordance with international accounting standards
• effectively communicate in writing and reflect upon performance

Subject Assessment

• Invigilated > End of semester exam - (60%)
• Invigilated > Quizzes or tests - (20%)
• Non-Invigilated > Assignments - (20%)

Note that minor variations might occur due to the continuous subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.

Inadmissible Subject Combinations:  CO2002 AND CO3014

Availabilities