Corporate Accounting

Unit code: BAO2203 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Footscray Park
Online Real Time
VU Sydney
Prerequisites
BAO2202 - Financial Accounting
(Or equivalent to be determined by unit coordinator)
Overview
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Overview

The unit explores how and why corporations report to the many and varied users of accounting information. For this information to be useful for economic decisions, it is argued that the information disclosed by corporations should possess certain qualitative characteristics. The students will investigate these characteristics through the general structure underlying corporate reporting as well as more specific examples of corporate accounting practices. A major focus is on applying accounting standards for the preparation of financial statements and corporate reports.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Analyse and prepare accounting transactions for companies in order to produce external financial reports required under regulatory and conceptual frameworks;
  2. Deliberate on the implications of the information contained in the financial reports and communicate these to the relevant parties;
  3. Demonstrate initiative, professional judgement and the technical skills required to record and report transactions suitable for specified purposes and audiences;
  4. Critically evaluate and apply the accounting concepts and theories underlying corporate reporting in their relevance to addressing complex and emerging problems in corporate accounting; and

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 20%
Test 1: Practical and theory questions
Assessment type: Case Study
|
Grade: 30%
Group Case Study
Assessment type: Presentation
|
Grade: 20%
Group Presentation
Assessment type: Test
|
Grade: 30%
Test 2: Practical and theory questions

Other locations

For students studying at Henan University, Liaoning University
Assessment type: Test
|
Grade: 25%
Short answer and practical questions (Part A: 10%; Part B: 15%)
Assessment type: Assignment
|
Grade: 25%
Case Studies
Assessment type: Examination
|
Grade: 50%
Multiple choice, short theory and practical questions

Required reading

Financial reporting
Loftus, J., Leo, K., Boys, N., Daniliuc, S., Luke, B., Ang, Hong N., Byrnes, K. (2022).| John Wiley & Sons.

As part of a course

This unit is studied as part of the following course(s):

Bachelor of Laws (Honours)/Bachelor of Commerce (Applied Finance)
LHLC | Bachelor honours degree | Duration: 5 years

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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