6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Not offered in 2017
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:
- critically analyse how standard setting procedures and theories of regulation are formulated and their contribution to financial reporting nationally and globally
- apply accounting standards and the conceptual framework in the preparation and presentation of financial statements
- develop critical skills in written communication and problem analysis through the completion of a comprehensive assignment exercise and/or essay(s)
- develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds
- 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%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
Students must have passed either ACW2491 or AFW2491 before undertaking this unit.