AFW3050 - Financial accounting issues

Offered

Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)

Synopsis

Financial accounting topics covered by this unit include: Australian accounting standards, institutional setting and the conceptual framework; accounting for leases; accounting for employee benefits; accounting for financial instruments; cash flow reporting; segment reporting; accounting for EPS; accounting for extractive industries; accounting for agriculture; financial reporting in the public sector; foreign currency translation; and social and environmental reporting.

Objectives

The learning goals associated with this unit are to:

• acquire advanced knowledge of the conceptual framework and disclosure requirements in accordance with the accounting standards and the statutory laws
• develop an improved understanding of how professional policies are formulated in preparation of accounting for various financial accounting issues with particular reference to current practice
• develop critical skills in written communication and problem analysis through the completion of comprehensive assignment exercise and /or essays
• develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds.

Assessment

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

Contact hours

3 hours per week

Prerequisites

AFW2491

Prohibitions

AFC3120, AFF3491