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Accounting for Complex Structures and Instruments - ATAX0053
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Faculty: Australian School of Business
 
 
School:  Aus School of Tax and Bus Law
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Prerequisite: ATAX0015
 
 
CSS Contribution Charge:Band 3 (more info)
 
 
Tuition Fee:See Tuition Fee Schedule
 
 
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. Issues such as accounting and reporting requirements for foreign currency transactions, off-shore operations, financial instruments are addressed. Careful treatment of these issues is essential to fairly determine the income and financial position of particular business entities.


Recommended Prior Knowledge

ATAX0015 Intermediate Financial Accounting is the prerequisite for this course.

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; and relevant research on the effects of accounting policy choices on financial statements, capital markets and decision-making behaviour

Main Topics

  • Consolidations
  • Equity accounting
  • Accounting for joint ventures and other corporate associations
  • Accounting for foreign currency
  • Accounting for financial instruments

Assessment

2 assignments
3 online multiple choice quizzes
1 exam

Course Texts

Prescribed
Information regarding the Atax Textbook Lists for Semester 1 will be available on the UNSW Bookshop website from 1 February.

Information regarding the Atax Textbook Lists for Semester 2 will be available on the UNSW Bookshop website from 1 July.

Recommended
Refer to Course Profile supplied by Lecturer.

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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.