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HE Unit Template
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Corporate Accounting
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BUACC2603 - Corporate Accounting
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20240200
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1.2
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2026-09-10
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Undergraduate
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15
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.125
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080101
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Accounting
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080101 - Accounting
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<a href="http://www.federation.edu.au/locate/unit/buacc2603">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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7
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Bachelor Degree
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1
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<p>This course will examine both the conceptual and the procedural aspects of company accounting within the framework of legal and professional reporting requirements. The course may include topics which are normally related to company activities and the preparation of company financial statements such as company equity, debt, taxation, reorganisation, acquisition, consolidation, equity accounting, joint ventures, liquidations and receivership. This course is designed to provide students with expertise in the theory and practice of corporate accounting within Australian and in an international context.</p>
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<p>•Accounting issues encountered in corporate accounting generally, comprising corporate regulation, company financing, company operations, accounting for income tax, accounting for non-current assets and, mergers and acquisitions.<br>
•Accounting issues relating to special categories of companies, namely groups of companies or corporate groups, where the preparation of consolidated financial statements becomes necessary. For this part both knowledge of the mechanics of consolidation as well as an understanding of the conceptual issues relating to consolidations are necessary.<br>
•Specialised corporate accounting issues associated with corporate disclosure, such as disclosures in relation to selection and application of accounting policies and liquidation of companies.</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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Semester
Semester
0200
Year
Year
2027
Current Year
2026
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BUACC2603 - Corporate Accounting
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BUACC2603 - Corporate Accounting
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Semester
Semester 1
Semester 2
Summer Semester
Year
2027
2026
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RDS Holder
Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>This course will examine both the conceptual and the procedural aspects of company accounting within the framework of legal and professional reporting requirements. The course may include topics which are normally related to company activities and the preparation of company financial statements such as company equity, debt, taxation, reorganisation, acquisition, consolidation, equity accounting, joint ventures, liquidations and receivership. This course is designed to provide students with expertise in the theory and practice of corporate accounting within Australian and in an international context.</p>
Unit content
<p>•Accounting issues encountered in corporate accounting generally, comprising corporate regulation, company financing, company operations, accounting for income tax, accounting for non-current assets and, mergers and acquisitions.<br> •Accounting issues relating to special categories of companies, namely groups of companies or corporate groups, where the preparation of consolidated financial statements becomes necessary. For this part both knowledge of the mechanics of consolidation as well as an understanding of the conceptual issues relating to consolidations are necessary.<br> •Specialised corporate accounting issues associated with corporate disclosure, such as disclosures in relation to selection and application of accounting policies and liquidation of companies.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080101 - Accounting
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buacc2603">View unit fees</a>
Requisites
Prerequisite
<p>must have completed 1 of "BUACC1506" / "<a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC1508" target="_blank">BUACC1508</a>" and must have completed "<a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC1507" target="_blank">BUACC1507</a>"</p>
Corequisite
None
Exclusion
None
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Identify the legal and other requirements pertaining to accounting for corporations within Australia and internationally;</p>
K2
<p>Determine the processes of financial reporting by corporations and recognise the role of generally accepted accounting practices;</p>
K3
<p>Appraise the theoretical underpinnings of the current regime of financial reporting by corporations;</p>
K4
<p>Evaluate the strengths and limitations of corporate financial reports as a source of information</p>
S1
<p>Review and evaluate corporate accounting procedures and case studies in accordance with statutory and professional requirements;</p>
S2
<p>Analyse and explain the rationale behind particular accounting procedures</p>
S3
<p>Research and identify appropriate accounting procedures and communicate the solutions to problems</p>
A1
<p>Develop a critical awareness of contentious issues relating to corporate financial reporting</p>
A2
<p>Appreciate the importance of judgement and ethical integrity in corporate financial reporting.</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Review of selected topics, based on class activities, reading, and preparation of responses to set questions.</p>
<p>Test</p>
<p>10-20%</p>
K1, K2, S1, S2, A2
2
<p>Assignment/s requiring research and the preparation of calculations and/or written responses.</p>
<p>Assignment</p>
<p>20-40%</p>
K1, K2, K3, K4, S2, S3, A1, A2
3
<p>Final assessment</p>
<p>Exam</p>
<p>50-70%</p>
K1, K2, K3, K4, S2, A1, A2
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
FedTASK
FedTASK
Description of FedTASK outcome
Level
FedTASK 1: Interpersonal
The ability to effectively communicate, interact and work with others both individually and in groups.
FedTASK 2: Leadership
The ability to apply professional skills and behaviours in leading others.
FedTASK 3: Critical Thinking and Creativity
The ability to work in complexity and ambiguity using imagination to create new ideas.
FedTASK 4: Digital Literacy
The ability to work fluently across a range of tools and applications to achieve a range of skills.
FedTASK 5: Sustainable and Ethical Mindset
The ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions.
FedTASK
<p>Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FedTASKs (<strong>T</strong>ransferable <strong>A</strong>ttributes <strong>S</strong>kills and <strong>K</strong>nowledge) provide a targeted focus on five key, transferable Attributes, Skills, and Knowledge that are embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and co-operative learning opportunities.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080101 - Accounting
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buacc2603">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BUACC2603 - U1.2