ACC705 : Describe the Financial Reporting Requirements that Apply to Australian Corporate Groups - Accounting and Finance Assignment Help

Assignment Task:

Task:

Overview of the Subject
This subject promotes an in-depth understanding of company accounting and accounting standards. It is primarily concerned with the development of external financial reports by reporting entities in accordance with the Corporations Act 2001 (Cth). It draws emphasis to financial accounting topics including company financing, accounting for corporate income taxes, business combinations, consolidation accounting, accounting for associates and joint ventures, accounting for joint arrangements and translation of foreign currency financial statements.
 

2.2 Graduate Attributes for Postgraduate Courses
Graduates of Postgraduate courses from King’s Own Institute will gain the graduate attributes expected from successful completion of a Master’s degree under the Australian Qualifications Framework (2nd edition, January 2013). Graduates at this level will be able to apply an advanced body of knowledge in a range of contexts for professional practice or scholarship and as a pathway for further learning.

Subject Learning Outcomes Contribution to Course Graduate Attributes

a) Describe the financial reporting requirements that apply to Australian corporate groups
b) Prepare consolidated financial statements for a corporate group through application of the main provisions in Australian Accounting Standards AASB 3, AASB 9,
AASB10, ASSB12, AASB101, AASB 112, AASAB 121, AASB 127, AASB128, AASB 131 and AASB 136
c) Use appropriate problem solving strategies, processes and arguments, locate research resources and critically review the research literature.

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