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AFC3120 - Advanced 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 accounting standard-setting arrangements; the conceptual framework for financial reporting; the form and content of financial statements; income tax allocation; intangibles; off-balance sheet financing including leasing; superannuation plans; insurance; employee benefits; financial instruments and emerging issues in financial reporting.


The learning goals associated with this unit are to:

  • explain the institutional framework for the regulation of financial reporting in Australia
  • apply accounting standards and the framework in the preparation and presentation of financial statements
  • demonstrate advanced accounting knowledge in areas such as income tax, leasing, intangibles and financial instruments
  • demonstrate an understanding of theories that explain accounting policy choice and usefulness of accounting information
  • apply critical thinking and problem solving skills to individual and /or group activities dealing with advanced financial accounting.


Within semester assessment: 30%
Examination (3 hours): 70%

Contact hours

Two 1-hour lectures and one 1-hour tutorial per week




AFF3491, AFW3040, AFW3050

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