UO Financial Accounting 3

Undergraduate | 2026

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area/catalogue icon
Area/Catalogue
ACCT 3005
Course ID icon
Course ID
202885
Level of study
Level of study
Undergraduate
Unit value icon
Unit value
6
Course level icon
Course level
3
Study abroad and student exchange icon
Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
Yes
University-wide elective icon
University-wide elective course
Yes
Single course enrollment
Single course enrolment
Yes
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Note:
Course data is interim and subject to change

Course overview

The aim of this course is to extend students' understanding of corporate accounting and reporting requirements and related issues. Accounting for Non-Current Assets, Alternative Business Structures: introduction to consolidated entities. Consolidations: the economic entity, preparation of consolidated financial statements including goodwill/discount on acquisition and the elimination of inter-entity transactions and balances. Non-controlling interests and equity accounting. Foreign Currency transactions and translations.

Course learning outcomes

  • Be able to apply the International Accounting Standards in the context of a group of companies
  • Appreciate issues related to the preparation of general purpose reports for alternate business structures
  • Recognise and explain the theoretical principles and development processes that influence the development of International Accounting Standards
  • Communicate in a professional manner in writing to both an accounting and non-accounting audience
  • Demonstrate Business Enterprise Skills in the context of the Accounting discipline: i) Written Communication (advanced level); and ii) International Perspective (advanced level).

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A