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AFC2120 - Financial accounting

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate Faculty of Business and Economics


Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)


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%

Contact hours

Three hours per week




AFF2491, AFW2491

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