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.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting
OfferedMalaysia First semester 2014 (Day)
Malaysia Second semester 2014 (Day)


Topics covered by this unit include: Australian accounting environment, theories of financial accounting, accounting for leases; accounting for employee benefits; accounting for financial instruments; cash flow reporting; public sector and agriculture accounting, segment reporting; accounting for EPS; accounting for extractive industries; foreign currency translation; and social and environmental reporting.


The learning goals associated with this unit are to:

  1. critically analyse how standard setting procedures and theories of regulation are formulated and their contribution to financial reporting nationally and globally
  2. apply accounting standards and the conceptual framework in the preparation and presentation of financial statements
  3. develop critical skills in written communication and problem analysis through the completion of a comprehensive assignment exercise and/or essay(s)
  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 ACW3050.


Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester


Students must have passed AFG2491, ACG2491, ACW2491 or AFW2491 before undertaking this unit.


AFC3120, ACC3120, AFF3491, ACF3491, AFG3050, ACG3050, AFW3050, ACB3050