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Company Accounting Textbook

(last update: 25/08/09)

Company Accounting 6th edition has been thoroughly updated to reflect the numerous and profound changes as a result of Australia adopting the International Accounting Standards. The new edition succinctly documents the recent changes to accounting standards, particularly disclosures in income statements and balance sheets, accounting for income tax and revaluation and impairment of non-current assets.

The text is designed to provide students with a comprehensive and practical grounding in the practice of company accounting, under the new International Standards, whilst providing essential information on why and how company accounting entries and disclosures are made.

This textbook website contains Study Skills and Useful Links for accounting students

Study skills

How to make the most of your textbooks

How do you learn best? (Once there, click on ‘Take the questionnaire’)

Reference titles

Term Papers
Section 1: Choosing a topic
Section 2: Planning and conducting research
Section 3: Planning and writing the paper
Section 4: Citing sources
Section 5: Useful links

Case Studies
What is case study analysis?
Analysing a case study
Writing a case study analysis
The role of financial analysis

Selectd useful links

Australasian Institute of Banking and Finance (AIBF)
The AIBF is an organisation committed to improving the services and professionalism of Australian and New Zealand financial and banking industry members via education and professional development. Its website provides “Hot News:” from the banking and finance sectors and features a plethora of information regarding training, networks, related products and great links.

Australian Accounting Research Foundation (AARF)
The AARF contributes to the development of legislation and regulation relating to commercial law, corporate governance, financial reporting and auditing and assurance services in Australia. The website contains up to date summaries on professional directives and critical evaluations of Accounting standards.

Australian Business Limited
Australian Business Limited is an organisation which aims to improve businesses via advice, networking, advocacy and support. Its website is a useful resource which contains subsections such as “Managing Your People”, “Grow Your Business”, and “Influence Public Policy”. This site provides current information and suggestions on business-related issues, managing finances, employment legalities, and economic trends.

Australian Financial Markets Association (AFMA)
AFMA is Australia’s industry body representing over-the-counter (OTC) wholesale financial markets such as financial institutions, bank clients, government departments, educational institutions and the central bank. It is in place to monitor market practices and the trading standards in OTC markets. The website provides information on these standards and professional development advice as well as articles pertaining to regulation and taxation.

Australian Prudential Regulation Authority (APRA)
APRA regulates banks, insurance companies and superannuation funds, credit unions, building societies and friendly societies in Australia. The website provides legislative and statistical information, discussion papers, media releases, and access to Insight (APRA’s quarterly publication).

Australian Shareholders’ Association (ASA)
The ASA aims to protect and improve the interests of investors. On its website, it claims to be partly responsible for the betterment of the corporate direction of Australian companies and deals with issues regarding “related party transactions, the disclosure of remuneration and executive option scheme performance hurdles”. Phew! All this information, as well as investing tips, advice on the performance of companies and their shares and features articles.

Commonwealth Department of Finance and Administration
The Department of Finance & Administration contributes to three key outcomes: maintainable Government finances; better Government operations; and an efficiently run Parliament.
This department’s website is divided into three main sections:
– Government Finances (concentrating on budget management, reporting and advice)
– Government Operations (featuring services management and government information) and
– Parliamentary Services (support for senators, members of parliament and their staff).
The site also features the latest political news, media releases and speeches, recruitment information
and government publications.

Commonwealth Department of the Treasury
The website for this government department contains a wealth of information on economic data, business taxation, foreign investment, careers & job opportunities within the department, publications, compliance reports, as well as containing a profile of treasury ministers and a descriptive organisational chart.

Financial Accounting Standards Board (FASB)
Aiming to produce and revise standards pertaining to financial accounting, and to guide and keep the public informed of such issues, the Financial Accounting Standards Board provides an informative website loaded with many great features. These include descriptive articles relating to the FASB’s various projects, late breaking news, educational sub-sections and access to many accounting-related publications.

Group of 100 Inc
The Group of 100 represents and serves major business enterprises in accounting and regulatory issues, particularly business regulations, Accounting standards, Corporation Law and Stock Exchange rules.

International Federation of Accountants (IFAC)
IFAC acts as an international advocate of quality technical, professional and ethical guidance, agents of change in the profession internationally and to facilitate the development of a harmonized worldwide accounting profession. The website has 5 main sections: IFAC facts and figures, IFAC news, committee activities, publications and guidance and council developments.

International Organization of Securities Commissions (IOSCO)
The IOSCO regulates domestic markets and oversees strict implementation of market standards. Its website provides some useful international links, regularly updated market news, information relating to the IOSCO’s annual conference, and IOSCO document library and a member’s area.

National Tax & Accountants Association Ltd (NTAA)
The primary objective of the NTAA is to assist business people, tax-advisors and accountants, among others, solve their tax, business and legal problems. It is funded by its membership and its website provides much information about becoming a member and the member’s role. There are also sections devoted to tax seminars (when they run and what they address), trouble-shooting services including software and publications, and NTAA Press Releases and news articles.

Securities Institute
The Institute is an educational facility committed to improving the standards in financial and securities services by means of education, the cultivation of ethical, efficient markets and the promotion of professionalism. Their website provides an insight into their numerous services, including courses, employee training, careers, and seminars and information is arranged in market-specific sections including one for students, and another for personal investors.

Taxation Institute of Australia (TIA)
According to their website, the TIA is Australia’s premier independent taxation organisation. The site provides information relating to the functions and services of the Institute, including their Continuing Professional Development workshops and seminars, access to the weekly newsletter TaxVine and journal Taxation in Australia, and online videos.

US Securities and Exchange Commission (SEC)

SEC aims to protect investors and maintain the integrity of the securities markets. It enforces securities laws and makes crucial investment and company information available to the public. Their website is a vehicle for delivering this information, with a huge, cost-free, publicly accessible database (EDGAR) which comprises of the registration statements and periodic reports of all public companies; as well as sections focusing on litigation reports, trading suspension files and a feature which allows members of the public to assess the financial services of any broker or advisor. A very informative, user-friendly site with market-specific up-to-date data.

Source: Ken Leo et al. 2007. Company Accounting. 6th edition. John Wiley & Sons. Retrieved August 14th, 2009 from http://www.johnwiley.com.au/highered/ca6e/student-res/index.html

Financial Accounting, Study Guide, 6th Edition by Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Australian Financial Accounting (5 ed), 2007. by Craig Deegan, RMIT University. Online learning centre: powerpoint
Applying international financial reporting standards, 2007, by Keith Alfredson, John Wiley & Sons
Financial Issues in Accounting, (13th ed), 2008 by Henderson, Pearson Education Australia. Multiple-choice questions

lfredson, Keith.
Title Applying international financial reporting standards / Keith Alfredson … [et al.].
Published Milton, Qld. : John Wiley & Sons, 2007.
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