AYN417 Corporate Accounting
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYN417 |
|---|---|
| Prerequisite(s): | AYN416 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| Domestic tuition unit fee | $4,596 |
| International unit fee | $6,180 |
Unit Outline: Semester 1 2026, Gardens Point, Internal
| Unit code: | AYN417 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN416 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
| Coordinator: | Belinda Luke | b.luke@qut.edu.au |
Overview
A large number of entities are companies rather than, for example, sole traders. Accordingly, a significant amount of the work you will undertake as a practitioner will involve accounting for companies. In your role as an accountant, you will be required to interpret and apply accounting standards and other statutory requirements governing the accounting procedures reflected in the content of a company's financial reports. In this unit, you will integrate and apply academic accounting knowledge to solving problems that arise in practice, thereby developing the knowledge and skills needed to prepare financial reports for companies. This unit builds on the foundational knowledge acquired from your prerequisite studies by applying accounting principles to complex company accounting issues. It also provides a foundation for subsequent units, which develop your critical analytical skills through an examination of theoretical accounting issues, accounting regulation and practice.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate knowledge and application of legal, accounting, and financial reporting regulations relevant to companies [KS 1.1]
- Examine and evaluate the underlying accounting processes required by companies [HO 2.1]
- Prepare written analyses of companies' financial reports to produce evidence-based recommendations for stakeholders [PC 3.1]
- Work collaboratively to evaluate companies' accounting disclosures, integrating self-reflection to identify strengths and areas for professional growth [TS 4.1, TS 4.2]
Content
The content of this unit has been selected with the specified aim and learning outcomes in mind. The unit commences with an overview of the corporate financial reporting environment in Australia. The unit then examines the prescribed financial accounting requirements that are applicable to the different stages of a company's life cycle (from formation to expansion and then to liquidation). Complementing a focus on the practical application of accounting methods, the decision-usefulness of information produced under the different accounting methods is also critically reviewed. Thus, this unit has broad appeal and will be of interest to people involved in the preparation or use of company financial statements whether as accountants, auditors, investment bankers, financial analysts or other financial statement users.
Australian accounting standards have been harmonised with the standards issued by the International Accounting Standards Board. As a consequence, from 1 January 2005, entities applying Australian standards will also comply with International Financial Reporting Standards. The accounting policies and issues taught in this unit will therefore provide you with an appreciation of the international dimensions of the discipline.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the aims and learning outcomes of the unit. Each week introduces key accounting concepts and provides illustrative examples to support your understanding of complex technical issues.
You will engage with problem-solving tasks aligned with weekly topics and assigned readings, designed to develop your technical competence and analytical skills. These activities include opportunities to review prior content on a weekly basis.
All teaching activities, course materials, and other specified readings are elements in the teaching and learning strategy. Together, they are designed to give a comprehensive understanding of each topic, and no element should be neglected.
Success in this unit depends upon adequate experience in answering questions that explore technical accounting procedures. Active participation in the teaching activities provides practice in solving problems similar to those set in examinations. Working through these questions and comparing the answers with the suggested solutions provides valuable feedback on the degree of understanding and technical competence attained. Past experience has indicated that there is a strong correlation between success in the unit and regular lecture and tutorial preparation and attendance.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation;
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary;
- Direct: to individual students, either in written form or in consultation; and
- Indirect: to the whole class.
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this unit. It has been designed to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills, and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Individual Company Analysis
Purpose: You will analyse a company's latest annual report to evaluate its disclosure quality, professionally communicating your findings.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), PC (3.1)
Assessment: Comparative Company Analysis
Purpose: In this assessment, you will:
- (1) prepare a report which examines companies' accounting disclosures based on accounting issues and accounting standards covered in the unit;
- (2) participate as a cooperative, responsive, productive team member in a teamwork process to develop an understanding of teamwork processes; and
- (3) prepare a reflection to develop reflective thinking skills based on your group work experience.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assessment item is based on teamwork and provides evidence of achievement of associated Unit Learning Outcomes and Course Learning Outcomes. Individual submissions/presentations will not be accepted.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.1), PC (3.1), TS (4.1), TS (4.2)
Assessment: Final Exam
The final exam will assess your understanding of Topics 5-12. You will demonstrate your knowledge of accounting procedures and statutory requirements by answering practical, theoretical, and critical thinking questions.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is a Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Loftus, J., Leo, K., Daniluc, S., Luke, B., Ang, H., Bradbury, M., Hanlon, D., Boys, N. & Byrnes, K. (2026). Financial Reporting, 5th edition. Brisbane: John Wiley & Sons.
Headset with Microphone and headphones so that you can participate in online lectures/tutorials/workshops.
Reference book(s)
Carnegie, G. 2005. Case Studies: Financial Accounting & Disclosure, 4th ed. Melbourne: Thomson.
Lewis, D. 2003. Writing for Accountants, QUT (copies can be downloaded from the Graduate capabilities site on Canvas).
Risk Assessment Statement
There are no out-of-the ordinary risks associated with learning and teaching activities in this unit.
Unit Outline: Semester 1 2026, Online
| Unit code: | AYN417 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN416 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
Overview
A large number of entities are companies rather than, for example, sole traders. Accordingly, a significant amount of the work you will undertake as a practitioner will involve accounting for companies. In your role as an accountant, you will be required to interpret and apply accounting standards and other statutory requirements governing the accounting procedures reflected in the content of a company's financial reports. In this unit, you will integrate and apply academic accounting knowledge to solving problems that arise in practice, thereby developing the knowledge and skills needed to prepare financial reports for companies. This unit builds on the foundational knowledge acquired from your prerequisite studies by applying accounting principles to complex company accounting issues. It also provides a foundation for subsequent units, which develop your critical analytical skills through an examination of theoretical accounting issues, accounting regulation and practice.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate knowledge and application of legal, accounting, and financial reporting regulations relevant to companies [KS 1.1]
- Examine and evaluate the underlying accounting processes required by companies [HO 2.1]
- Prepare written analyses of companies' financial reports to produce evidence-based recommendations for stakeholders [PC 3.1]
- Work collaboratively to evaluate companies' accounting disclosures, integrating self-reflection to identify strengths and areas for professional growth [TS 4.1, TS 4.2]
Content
The content of this unit has been selected with the specified aim and learning outcomes in mind. The unit commences with an overview of the corporate financial reporting environment in Australia. The unit then examines the prescribed financial accounting requirements that are applicable to the different stages of a company's life cycle (from formation to expansion and then to liquidation). Complementing a focus on the practical application of accounting methods, the decision-usefulness of information produced under the different accounting methods is also critically reviewed. Thus, this unit has broad appeal and will be of interest to people involved in the preparation or use of company financial statements whether as accountants, auditors, investment bankers, financial analysts or other financial statement users.
Australian accounting standards have been harmonised with the standards issued by the International Accounting Standards Board. As a consequence, from 1 January 2005, entities applying Australian standards will also comply with International Financial Reporting Standards. The accounting policies and issues taught in this unit will therefore provide you with an appreciation of the international dimensions of the discipline.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the aims and learning outcomes of the unit. Each week introduces key accounting concepts and provides illustrative examples to support your understanding of complex technical issues.
You will engage with problem-solving tasks aligned with weekly topics and assigned readings, designed to develop your technical competence and analytical skills. These activities include opportunities to review prior content on a weekly basis.
All teaching activities, course materials, and other specified readings are elements in the teaching and learning strategy. Together, they are designed to give a comprehensive understanding of each topic, and no element should be neglected.
Success in this unit depends upon adequate experience in answering questions that explore technical accounting procedures. Active participation in the teaching activities provides practice in solving problems similar to those set in examinations. Working through these questions and comparing the answers with the suggested solutions provides valuable feedback on the degree of understanding and technical competence attained. Past experience has indicated that there is a strong correlation between success in the unit and regular lecture and tutorial preparation and attendance.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation;
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary;
- Direct: to individual students, either in written form or in consultation; and
- Indirect: to the whole class.
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this unit. It has been designed to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills, and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Individual Company Analysis
Purpose: You will analyse a company's latest annual report to evaluate its disclosure quality, professionally communicating your findings.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), PC (3.1)
Assessment: Comparative Company Analysis
Purpose: In this assessment, you will:
- (1) prepare a report which examines companies' accounting disclosures based on accounting issues and accounting standards covered in the unit;
- (2) participate as a cooperative, responsive, productive team member in a teamwork process to develop an understanding of teamwork processes; and
- (3) prepare a reflection to develop reflective thinking skills based on your group work experience.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assessment item is based on teamwork and provides evidence of achievement of associated Unit Learning Outcomes and Course Learning Outcomes. Individual submissions/presentations will not be accepted.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.1), PC (3.1), TS (4.1), TS (4.2)
Assessment: Final Exam
The final exam will assess your understanding of Topics 5-12. You will demonstrate your knowledge of accounting procedures and statutory requirements by answering practical, theoretical, and critical thinking questions.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is a Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Loftus, J., Leo, K., Daniluc, S., Luke, B., Ang, H., Bradbury, M., Hanlon, D., Boys, N. & Byrnes, K. (2026). Financial Reporting, 5th edition. Brisbane: John Wiley & Sons.
Headset with Microphone and headphones so that you can participate in online lectures/tutorials/workshops.
Reference book(s)
Carnegie, G. 2005. Case Studies: Financial Accounting & Disclosure, 4th ed. Melbourne: Thomson.
Lewis, D. 2003. Writing for Accountants, QUT (copies can be downloaded from the Graduate capabilities site on Canvas).
Risk Assessment Statement
There are no out-of-the ordinary risks associated with learning and teaching activities in this unit.
Unit Outline: Semester 2 2026, Gardens Point, Internal
| Unit code: | AYN417 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN416 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
Overview
A large number of entities are companies rather than, for example, sole traders. Accordingly, a significant amount of the work you will undertake as a practitioner will involve accounting for companies. In your role as an accountant, you will be required to interpret and apply accounting standards and other statutory requirements governing the accounting procedures reflected in the content of a company's financial reports. In this unit, you will integrate and apply academic accounting knowledge to solving problems that arise in practice, thereby developing the knowledge and skills needed to prepare financial reports for companies. This unit builds on the foundational knowledge acquired from your prerequisite studies by applying accounting principles to complex company accounting issues. It also provides a foundation for subsequent units, which develop your critical analytical skills through an examination of theoretical accounting issues, accounting regulation and practice.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate knowledge and application of legal, accounting, and financial reporting regulations relevant to companies [KS 1.1]
- Examine and evaluate the underlying accounting processes required by companies [HO 2.1]
- Prepare written analyses of companies' financial reports to produce evidence-based recommendations for stakeholders [PC 3.1]
- Work collaboratively to evaluate companies' accounting disclosures, integrating self-reflection to identify strengths and areas for professional growth [TS 4.1, TS 4.2]
Content
The content of this unit has been selected with the specified aim and learning outcomes in mind. The unit commences with an overview of the corporate financial reporting environment in Australia. The unit then examines the prescribed financial accounting requirements that are applicable to the different stages of a company's life cycle (from formation to expansion and then to liquidation). Complementing a focus on the practical application of accounting methods, the decision-usefulness of information produced under the different accounting methods is also critically reviewed. Thus, this unit has broad appeal and will be of interest to people involved in the preparation or use of company financial statements whether as accountants, auditors, investment bankers, financial analysts or other financial statement users.
Australian accounting standards have been harmonised with the standards issued by the International Accounting Standards Board. As a consequence, from 1 January 2005, entities applying Australian standards will also comply with International Financial Reporting Standards. The accounting policies and issues taught in this unit will therefore provide you with an appreciation of the international dimensions of the discipline.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the aims and learning outcomes of the unit. Each week introduces key accounting concepts and provides illustrative examples to support your understanding of complex technical issues.
You will engage with problem-solving tasks aligned with weekly topics and assigned readings, designed to develop your technical competence and analytical skills. These activities include opportunities to review prior content on a weekly basis.
All teaching activities, course materials, and other specified readings are elements in the teaching and learning strategy. Together, they are designed to give a comprehensive understanding of each topic, and no element should be neglected.
Success in this unit depends upon adequate experience in answering questions that explore technical accounting procedures. Active participation in the teaching activities provides practice in solving problems similar to those set in examinations. Working through these questions and comparing the answers with the suggested solutions provides valuable feedback on the degree of understanding and technical competence attained. Past experience has indicated that there is a strong correlation between success in the unit and regular lecture and tutorial preparation and attendance.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation;
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary;
- Direct: to individual students, either in written form or in consultation; and
- Indirect: to the whole class.
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this unit. It has been designed to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills, and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Individual Company Analysis
Purpose: You will analyse a company's latest annual report to evaluate its disclosure quality, professionally communicating your findings.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), PC (3.1)
Assessment: Comparative Company Analysis
Purpose: In this assessment, you will:
- (1) prepare a report which examines companies' accounting disclosures based on accounting issues and accounting standards covered in the unit;
- (2) participate as a cooperative, responsive, productive team member in a teamwork process to develop an understanding of teamwork processes; and
- (3) prepare a reflection to develop reflective thinking skills based on your group work experience.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assessment item is based on teamwork and provides evidence of achievement of associated Unit Learning Outcomes and Course Learning Outcomes. Individual submissions/presentations will not be accepted.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.1), PC (3.1), TS (4.1), TS (4.2)
Assessment: Final Exam
The final exam will assess your understanding of Topics 5-12. You will demonstrate your knowledge of accounting procedures and statutory requirements by answering practical, theoretical, and critical thinking questions.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is a Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Loftus, J., Leo, K., Daniluc, S., Luke, B., Ang, H., Bradbury, M., Hanlon, D., Boys, N. & Byrnes, K. (2026). Financial Reporting, 5th edition. Brisbane: John Wiley & Sons.
Headset with Microphone and headphones so that you can participate in online lectures/tutorials/workshops.
Reference book(s)
Carnegie, G. 2005. Case Studies: Financial Accounting & Disclosure, 4th ed. Melbourne: Thomson.
Lewis, D. 2003. Writing for Accountants, QUT (copies can be downloaded from the Graduate capabilities site on Canvas).
Risk Assessment Statement
There are no out-of-the ordinary risks associated with learning and teaching activities in this unit.
Unit Outline: Semester 2 2026, Online
| Unit code: | AYN417 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN416 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
Overview
A large number of entities are companies rather than, for example, sole traders. Accordingly, a significant amount of the work you will undertake as a practitioner will involve accounting for companies. In your role as an accountant, you will be required to interpret and apply accounting standards and other statutory requirements governing the accounting procedures reflected in the content of a company's financial reports. In this unit, you will integrate and apply academic accounting knowledge to solving problems that arise in practice, thereby developing the knowledge and skills needed to prepare financial reports for companies. This unit builds on the foundational knowledge acquired from your prerequisite studies by applying accounting principles to complex company accounting issues. It also provides a foundation for subsequent units, which develop your critical analytical skills through an examination of theoretical accounting issues, accounting regulation and practice.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate knowledge and application of legal, accounting, and financial reporting regulations relevant to companies [KS 1.1]
- Examine and evaluate the underlying accounting processes required by companies [HO 2.1]
- Prepare written analyses of companies' financial reports to produce evidence-based recommendations for stakeholders [PC 3.1]
- Work collaboratively to evaluate companies' accounting disclosures, integrating self-reflection to identify strengths and areas for professional growth [TS 4.1, TS 4.2]
Content
The content of this unit has been selected with the specified aim and learning outcomes in mind. The unit commences with an overview of the corporate financial reporting environment in Australia. The unit then examines the prescribed financial accounting requirements that are applicable to the different stages of a company's life cycle (from formation to expansion and then to liquidation). Complementing a focus on the practical application of accounting methods, the decision-usefulness of information produced under the different accounting methods is also critically reviewed. Thus, this unit has broad appeal and will be of interest to people involved in the preparation or use of company financial statements whether as accountants, auditors, investment bankers, financial analysts or other financial statement users.
Australian accounting standards have been harmonised with the standards issued by the International Accounting Standards Board. As a consequence, from 1 January 2005, entities applying Australian standards will also comply with International Financial Reporting Standards. The accounting policies and issues taught in this unit will therefore provide you with an appreciation of the international dimensions of the discipline.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the aims and learning outcomes of the unit. Each week introduces key accounting concepts and provides illustrative examples to support your understanding of complex technical issues.
You will engage with problem-solving tasks aligned with weekly topics and assigned readings, designed to develop your technical competence and analytical skills. These activities include opportunities to review prior content on a weekly basis.
All teaching activities, course materials, and other specified readings are elements in the teaching and learning strategy. Together, they are designed to give a comprehensive understanding of each topic, and no element should be neglected.
Success in this unit depends upon adequate experience in answering questions that explore technical accounting procedures. Active participation in the teaching activities provides practice in solving problems similar to those set in examinations. Working through these questions and comparing the answers with the suggested solutions provides valuable feedback on the degree of understanding and technical competence attained. Past experience has indicated that there is a strong correlation between success in the unit and regular lecture and tutorial preparation and attendance.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation;
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary;
- Direct: to individual students, either in written form or in consultation; and
- Indirect: to the whole class.
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this unit. It has been designed to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills, and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Individual Company Analysis
Purpose: You will analyse a company's latest annual report to evaluate its disclosure quality, professionally communicating your findings.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), PC (3.1)
Assessment: Comparative Company Analysis
Purpose: In this assessment, you will:
- (1) prepare a report which examines companies' accounting disclosures based on accounting issues and accounting standards covered in the unit;
- (2) participate as a cooperative, responsive, productive team member in a teamwork process to develop an understanding of teamwork processes; and
- (3) prepare a reflection to develop reflective thinking skills based on your group work experience.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assessment item is based on teamwork and provides evidence of achievement of associated Unit Learning Outcomes and Course Learning Outcomes. Individual submissions/presentations will not be accepted.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.1), PC (3.1), TS (4.1), TS (4.2)
Assessment: Final Exam
The final exam will assess your understanding of Topics 5-12. You will demonstrate your knowledge of accounting procedures and statutory requirements by answering practical, theoretical, and critical thinking questions.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is a Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Loftus, J., Leo, K., Daniluc, S., Luke, B., Ang, H., Bradbury, M., Hanlon, D., Boys, N. & Byrnes, K. (2026). Financial Reporting, 5th edition. Brisbane: John Wiley & Sons.
Headset with Microphone and headphones so that you can participate in online lectures/tutorials/workshops.
Reference book(s)
Carnegie, G. 2005. Case Studies: Financial Accounting & Disclosure, 4th ed. Melbourne: Thomson.
Lewis, D. 2003. Writing for Accountants, QUT (copies can be downloaded from the Graduate capabilities site on Canvas).
Risk Assessment Statement
There are no out-of-the ordinary risks associated with learning and teaching activities in this unit.