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Course

Accounting for Complex Structures and Instruments - ATAX0053

Faculty: Australian School of Business

School: Australian School of Taxation and Business Law

Course Outline: ATAX0053 Course Outline

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: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

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

Course Texts

Textbook lists for ATAX courses will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses
Library

Study Levels

Undergraduate Study Postgraudate Study Postgraduate Research Study Non-Award Study

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