units

AFW3050

Faculty of Business and Economics

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Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelUndergraduate
FacultyFaculty of Business and Economics
OfferedBerwick Second semester 2010 (Day)
Gippsland First semester 2010 (Off-campus)
Gippsland Second semester 2010 (Day)
Gippsland Second semester 2010 (Off-campus)
Sunway First semester 2010 (Day)
Sunway Second semester 2010 (Day)
Singapore Second semester 2010 (Off-campus)
Peninsula Second semester 2010 (Day)

Synopsis

Financial accounting topics covered by this unit include: Australian accounting standards, institutional setting and the conceptual framework; accounting for leases; accounting for employee benefits; accounting for financial instruments; cash flow reporting; segment reporting; accounting for EPS; accounting for extractive industries; accounting for agriculture; financial reporting in the public sector; foreign currency translation; and social and environmental reporting.

Objectives

The learning goals associated with this unit are to:

  1. acquire advanced knowledge of the conceptual framework and disclosure requirements in accordance with the accounting standards and the statutory laws
  2. develop an improved understanding of how professional policies are formulated in preparation of accounting for various financial accounting issues with particular reference to current practice
  3. develop critical skills in written communication and problem analysis through the completion of comprehensive assignment exercise and /or essays
  4. develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds
  5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFW3050.

Assessment

Within semester assessment: 40%
Examination(3 hours): 60%

Chief examiner(s)

Mahendra Goyal

Contact hours

3 hours per week

Prerequisites

AFW2491

Prohibitions

AFC3120, AFF3491