ACC7050-Corporate Accounting Report Writing - Accounting and Finance Assignment Help

Assignment Task

Task

1. 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. Subject Learning Outcomes:

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

c) Use appropriate problem solving strategies, processes and arguments, locate research resources and critically review the research literature

3. Assessment Details:

Assessment 1

Purpose: This assessment is designed to reinforce subject content taught each week allowing students to apply accounting principles to analyse and evaluate student comprehension, learning needs, and academic progress. The purpose of this assessment is to promote learning by considering the progress of each individual student at the early stage of trimester. This contributes to learning outcomes a, b and c.

Assessment 2

Purpose: This assessment is designed to allow students to demonstrate an understanding of accounting standards, using them to identify and critically analyse problems as well as issues in the development of solutions. This contributes to learning outcomes a and b.

Task Details: 

Invigilated open book exam of 60 minutes duration. A non-programmable calculator will be required. No other materials are permitted in the exam. The exam will be based on short theory and questions of the type covered in tutorials and lectures. This test will examine topics from weeks 1 - 5.

Assessment 3:

Purpose: This assessment is designed to allow students to research and analyse accounting standards and interpret how they apply to various corporate groups. It enables students to identify and solve problems relating to accounting for consolidated groups. It allows students to communicate the financial affairs of a company to financial report users. This relates to learning outcomes a, b and c.

Required:

1. Calculate acquisition analysis.
2. Prepare consolidated journal entries at 30 June 2021.
3. Complete the consolidated worksheet.
4. Prepare the consolidated financial statements at 30 June 2021.

This ACC7050 Accounting and Finance Assignment has been solved by our Accounting and Finance Expert at My Uni Paper.com Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing Style. Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turn tin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.