UNSW Handbook Course - Accounting for Complex Structures and Instruments

Accounting for Complex Structures and Instruments - ATAX0053


	Faculty: Faculty of Law
	School: Australian School of Taxation
	Course Outline: See below
	Campus: ATAX Campus
	Career: Undergraduate
	Units of Credit: 6
	EFTSL: 0.125 (more info)
	Contact Hours per Week: 0
	Enrolment Requirements:
	Prerequisite: ATAX0015
	Fee Band: 2 (more info)
	Further Information: See Class Timetable

Description

This course is concerned with the accounting issues posed by complex financial transactions and organisational structures. It looks at the issues concerning the accounting for various extended entities, such as corporate groups, associated entities and joint venture arrangements. Other relevant accounting and reporting issues for large corporations are addressed such as segment reporting. Finally, complex issues such as accounting and reporting requirements for foreign currency transactions, off-shore operations, and financial instruments are addressed. Careful treatment of these issues is essential to fairly determine the income and financial position of particular business entities.

Course Objectives

The main objectives of this course are:

- To provide opportunities for practicing skills required for problem identification, analysis and the communication of accounting knowledge

- To develop an understanding of the accounting standards and similar pronouncements pertaining to various accounting issues

- To challenge student to think critically about corporate financial reporting by fostering an appreciation of:

the frequency of use of particular accounting techniques by Australian companies
the role of the Conceptual Framework in evaluating accounting issues
the role of the harmonisation program in shaping accounting standards, and
relevant research on the effects of accounting policy choices on financial statements, capital markets and decision-making behaviour.

Modes of Delivery

Flexible Learning

Assessment

Assignment 1		25%
WebCT Quizzes		15%
Final Examination	Open book	60%

Pass Requirements

50 per cent or more of the total marks available in the course and
at least 40 per cent of the marks available for the final examination in the course.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.