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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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