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ACC705 - Corporate Accounting and Reporting is the subject which helps you out in examining the accounting problems of the organization or the companies and also the issues related to the accounting standards. Presenting and preparing the companies financial reports outside is also one of the tasks included in this.  

 

The help of the course examines below-mentioned issues. Standards are issued by the Australian Accounting Standards Board (AASB) has issued these standards:

Australian Standard    IFRS designation    Subject of standard

CF/SAC   1&2   Conceptual Framework

AASB 3             IFRS 3  Business Combinations

AASB 10           IFRS 10 Consolidated Financial Statements

AASB 137         IAS 37  Provisions, Contingent Liabilities and Contingent Assets 

AASB 101 - IAS 1 - Presentation of Financial Statements

AASB 136 - IAS 36 - Impairment of Assets

AASB 107         IAS 7    Statement of Cash Flows

AASB 112         IAS 12  Income Taxes

AASB 117         IAS 17  Leases

AASB 118         IAS 18  Revenue

AASB 138         IAS 38  Intangible Assets

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