James Cook University Subject Handbook - 2020

CO5122 - Accounting for Corporations

This subject is particularly useful to students enrolled in the Graduate Certificate of Accounting, Graduate Diploma of Accounting, Master of Professional Accounting, Master of Professional Accounting/Master of Business Administration or Master of Professional Accounting Advanced but it would also be of value to other postgraduate students.

Subject Description

This subject covers the essential components of accounting for corporations including company formation, financing company operations, income tax, business combinations, asset impairment, liquidations and consolidations.

Learning Outcomes

• develop a sound understanding of the accounting approaches applied to company formation
• appreciate the impact of consolidated accounting on the economic entity and the various accounting adjustments required to portray this relationship
• understand how to apply impairment testing on the valuation of certain types of assets
• demonstrate the application and reasoning of tax accounting on the economic entity

Subject Assessment

• Invigilated > End of semester exam - (50%)
• Non-Invigilated > Assignments - (25%)
• Online quiz - (25%)

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:  CO5107

Availabilities