Related Course/s:

Effective from 2010

This is a prescribed unit of study in the Business Major/s. It may also be undertaken as a unit of study in any other Swinburne degree program, subject to the prerequisite and degree requirements.

Aims & Objectives:

This unit of study seeks to introduce students to the fundamental principles and practice of corporate accounting. By examining a broad-based selection of topics that broadly correspond with the life-cycle stages of a company's existence, students will become familiar with the practical implementation and application of accounting rules in a corporate environment. On successful completion of this unit, students should be able to understand, describe and account for a range of financial events likely to be encountered in a corporate setting.

Teaching Methods:

This unit will be taught in a variety of modes including face to face, online, distance and blended modes. Delivery of this unit may be through a mixture of lectures, tutorials, laboratories, seminars and online.

Assessment:

Computer-based Assignments 20 - 30%
Examination 50 - 60%
Test 20 - 30%

Generic Skills Outcomes:

The teaching and learning approaches adopted in LBC201 encourage the development of key generic skills:
• teamwork skills, analysis skills, problem solving skills and communications skills
• ability to tackle unfamiliar problems
• ability to work independently

LBC201 supports an appreciation of the fundamental mechanics of corporate accounting: enables students to be informed and knowledgeable in essential company accounting procedures; encourages self-initiative and self-management in the mastery of the syllabus content, and by means of its computer teaching tools and assessment tasks, provides significant opportunities for independent and in-depth learning; provides a grounding in corporate accounting techniques; enables students to justify and defend the value of this knowledge both in terms of their degree studies and their professional accounting careers.

Content:

The unit covers the following general topic areas:
• Corporate entities
• Accounting for shares and debentures
• Accounting for dividends and reserves
• Acquisition of assets
• Accounting for corporate investments: joint arrangements, consolidation accounting
• Liquidation and winding-up

Textbooks:

References: