Offered
Clayton First semester 2008 (Day)
Clayton Second semester 2008 (Day)
Synopsis
Topics include financial reporting requirements and the reporting entity; accounting for interests in joint ventures; accounting for extractive industries; the nature of company groups; the preparation of consolidated financial reports; foreign currency translation; equity accounting; related party transactions; and segment reporting.
Objectives
The learning objectives of this unit are to:
- prepare group financial reports;
- demonstrate accounting knowledge in areas such as equity accounting, foreign currency translation, related party transactions, joint arrangements and segment reporting;
- apply critical thinking, problem solving and presentation skills to individual and /or group activities dealing with financial reporting.
Assessment
Assignment: 40%
Examination (3 hours): 60%
Contact hours
Three hours per week
Prerequisites
AFC1030
Prohibitions
AFF2491, AFW2491
