This subject provides students with an understanding of the accounting and reporting issues that pertain to the corporate form of entities operating within the Australian accounting framework. Students are required to demonstrate an in-depth knowledge of the requirements for the preparation of financial statements for a group of companies operating under common control. This subject examines accounting for foreign operations, foreign currency transactions and issues relating to associate companies. Corporate governance concepts and accounting for company liquidation, the issue of shares and debentures are also covered.