Monash University Handbook 2010 Undergraduate - Unit

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; eqity accounting; accounting for interests in joint ventures and liquidation of companies.

Objectives

The learning goals associated with this unit are to:

1. prepare group financial reports
2. demonstrate accounting knowledge in areas such as equity accounting, foreign currency translation, related party transactions, joint arrangements and segment reporting
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

Three hours per week

Prerequisites

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

Prohibitions

AFF2491, AFW2491