Lecture 1 - Corporate Accounting 22754 Autumn 2010 Lecture...

Info icon This preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Corporate Accounting 22754 Autumn 2010 Lecture 1 Review of accounting assumptions and concepts Corporations Profits, reserves and distributions to owners
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2 Lecture references The Corporations Act 2001 The AASB Framework AASB 101 AASB 116
Image of page 2
3 Learning objectives To learn the characteristics and types of companies and the reasons for it being a common business form To understand the role of the Corporations Act and accounting standards in the governance of companies and the requirements for financial reporting. To analyse the reasons for mandatory corporate financial reporting. To learn the responsibilities of major regulatory authorities To understand how the elements of financial statements – asset, liability, income and expense – are defined.
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon