BUS356 - TSA 2019 UILG.pdf - BUS356 Contemporary Financial Accounting Unit Information and Learning Guide Teaching Period September Trimester 2019 This

BUS356 - TSA 2019 UILG.pdf - BUS356 Contemporary Financial...

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20 BUS356 Contemporary Financial Accounting Unit Information and Learning Guide Teaching Period: September Trimester 2019 This information should be read in conjunction with the online learning materials which can be found on your MyUnits page. Unit coordinator: Mellisa Lewis College of Arts, Business, Law and Social Sciences © Published by Murdoch University, Perth, Western Australia, Oct 2018. This publication is copyright. Except as permitted by the Copyright Act no part of it may in any form or by any electronic, mechanical, photocopying, recording or any other means be reproduced, stored in a retrieval system or be broadcast or transmitted without the prior written permission of the publisher.
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Murdoch University 2 Contents Unit information Information about the unit 4 Contact details 6 How to study this unit 7 Resources for the unit 8 Study schedule 9 Assessment 10 Learning guide Introduction 14 Topic 1 Shareholders equity 15 Topic 2 Non-Current Assets 16 Topic 3 Tax Effect Accounting 17 Topic 4 Consolidations 19 Topic 5 Foreign Currency 20
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Murdoch University 3 Welcome to: BUS356 Contemporary Financial Accounting Unit description This is an advanced accounting unit and therefore critically examines and evaluates a number of specific issues selected from the prevailing set of accounting standards promulgated in Australia and legally mandated for use by companies. These range from share issues; consolidations; asset revaluations; tax accounting; and foreign currency accounting. The unit focuses on definitions, concepts, principles and theories as well as accounting practices in the Australian context. Prerequisites BUS217/BUS285 Technology and Accounting Processes. Aims of the unit 1. Familiarise students with selected accounting concepts and the appropriate legal and professional requirements that underpin the preparation, analysis and use of financial data; and 2. Assist students to understand the conceptual underpinnings of accounting data in the Australian regulatory environment Learning outcomes for the unit On successful completion of the unit you should be able to: On successful completion of the unit you should be able to: 1. Demonstrate an understanding of the accounting process concerned with equity and share issues. 2. Identify and explain the differences between revaluations and impairment of assets; 3. Demonstrate an understanding of the principles and practices of tax-effect accounting; 4. Demonstrate and explicate the nature and purpose(s) of the consolidation process and equity accounting; 5. Identify what constitutes an economic entity and a parent entity, for consolidation
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