Undergraduate - UnitAFC2120 - Financial accounting

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

Synopsis

The unit deals with accounting problems associated with the creation and operation of corporate structures. Topics include financial reporting requirements including an analysis of significant accounting standards; financing company operations; the nature of company groups; the preparation of consolidated financial reports; equity accounting; accounting for interests in joint ventures and liquidation of companies.

Outcomes

The learning goals associated with this unit are to:

1. prepare group financial reports
2. demonstrate accounting knowledge in areas such as business combinations, consolidations, equity accounting, joint arrangements, accounting for income tax, cash flow statements and liquidation of companies
3. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2120.

Assessment

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

Chief examiner(s)

Kim Wyatt

Contact hours

3 hours per week

Prerequisites

Students must have passed AFC1000 and AFC1030 before undertaking this unit.

Prohibitions

AFF2491, AFG2491, AFW2491