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AFC2120 - Financial accounting

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Offered

Clayton First semester 2009 (Day)
Clayton Second semester 2009 (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 goals associated with 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

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

Contact hours

Three hours per week

Prerequisites

AFC1030

Prohibitions

AFF2491, AFW2491

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