Undergraduate - UnitACG3050 - Advanced financial accounting theory and issues

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Accounting
Offered	Gippsland First semester 2014 (Day) Gippsland First semester 2014 (Off-campus)

Synopsis

Topics covered by this unit include: Australian accounting environment, theories of financial accounting, accounting for leases; accounting for employee benefits; accounting for financial instruments; cash flow reporting; public sector and agriculture accounting, segment reporting; accounting for EPS; accounting for extractive industries; foreign currency translation; and social and environmental reporting.

Outcomes

The learning goals associated with this unit are to:

critically analyse how standard setting procedures and theories of regulation are formulated and their contribution to financial reporting nationally and globally
apply accounting standards and the conceptual framework in the preparation and presentation of financial statements
develop critical skills in written communication and problem analysis through the completion of a comprehensive assignment exercise and/or essay(s)
develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds
demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACG3050.