AFC2120 - Financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Topics include financial reporting requirements and the reporting entity; accounting for interests in joint ventures; accounting for extractive industries; the nature of company groups; the preparation of consolidated financial reports; foreign currency translation; equity accounting; related party transactions; and segment reporting.
The learning goals associated with this unit are to:
- prepare group financial reports
- demonstrate accounting knowledge in areas such as equity accounting, foreign currency translation, related party transactions, joint arrangements and segment reporting
- apply critical thinking, problem solving and presentation skills to individual and /or group activities dealing with financial reporting.
Within semester assessment: 40%
Examination (3 hours): 60%
Three hours per week