Useful links
Unit of study_
ACCT3011: Reporting on Business Groups
2025 unit information
This unit of study prepares students to report on the performance and financial status of group entities where investees are either controlled, significantly influenced, or jointly controlled entities. Students consider where a consolidated financial report is necessary, before learning how to prepare a consolidated financial report, including the treatment of goodwill, intra-group transactions and non-controlling interests. Aspects of consolidated reports, such as equity accounting, segment disclosures, related party disclosures and foreign currency translation are also considered. The unit further explores reporting on complex financial instruments and current issues in accounting regulation and practice, as well as the politics of the standard-setting process. Students develop their written communication and critical-thinking skills through analysis of corporate group activities, with a focus on the role of professional judgement, related outputs and the potential impacts on users.
Unit details and rules
Managing faculty or University school:
Business (Business School)
| Study level | Undergraduate |
|---|---|
| Academic unit | Accounting |
| Credit points | 6 |
|
Prerequisites:
?
|
ACCT2011 |
|---|---|
|
Corequisites:
?
|
None |
| Prohibitions:
?
|
None |
| Assumed knowledge:
?
|
None |
At the completion of this unit, you should be able to:
- LO1. apply, analyse, and evaluate the major methods of accounting for business combinations (including consolidation accounting, accounting for associate companies, and accounting for assets held as available for sale financial assets), and other accounting standards learnt in this unit, also explain some of the key disclosure requirements for supplementing core financial statements, explain standard setting in the international arena, and discuss non-financial developments in external reporting
- LO2. analyse and critically evaluate the major methods of accounting learnt in this unit, and explore the extent to which accounting numbers alone can provide a true and fair view of an entity’s activities, and results to users
- LO3. apply professional judgement, required by the major methods of accounting learnt in this unit, in order to determine appropriate accounting approaches for particular circumstances
- LO4. develop verbal and written communication skills within the context of accounting issues
- LO5. develop the ability to work successfully and fairly in a team, within the context of accounting issues
- LO6. develop an ethical framework and social skills, within the context of accounting issues.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
|
Semester 1 2024
|
Normal day | Camperdown/Darlington, Sydney | |
|
Semester 2 2024
|
Normal day | Camperdown/Darlington, Sydney |
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
|
Semester 1 2025
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
|
|
Semester 2 2025
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
|
Find your current year census dates
Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
