units

ACB3050

Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting
OfferedBerwick Second semester 2014 (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.

Outcomes

The learning objectives 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 ACB3050.

Assessment

Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester.

Prerequisites

Prohibitions

AFC3120, ACC3120, AFF3491, ACF3491, AFW3050, ACW3050, ACG3050 and AFG3050