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Handbooks Courses Units

AFX9560 - Advanced financial accounting

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics


Caulfield First semester 2008 (Day)
Caulfield First semester 2008 (Evening)
Caulfield Second semester 2008 (Day)
Caulfield Second semester 2008 (Evening)


Topics include the standard-setting and regulatory framework in Australia; the various authoritative pronouncements and guidelines emerging from the conceptual framework; accounting for financial derivatives; accounting for foreign currency; intangible assets; jointly controlled ventures and the theoretical underpinnings of these topics.


The learning goals associated with this unit are to:

  • understand the constructed nature of accounting by studying, from a range of perspectives, the theoretical concepts upon which the practice of accounting is structured
  • identify the basic principles of accounting and the theoretical reasoning behind those principles
  • outline the broad objectives of accounting, and critically assess aspects of the conceptual framework that continue to be contentious
  • critically assess and appreciate changing influences in standard setting procedures; the compliance regime in capital markets and impacts of regulatory requirements on financial reporting entities
  • understand the relevant theoretical structure and handle practical accounting problems related to specific accounting contexts including foreign currency, financial derivatives, and intangible assets.


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

Contact hours

3 hours per week




AFF9631, AFX5631

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