Monash University Handbook 2014 Undergraduate - Units

The learning objectives associated with this unit are to:

1. describe the elements of financial statements, apply double entry recording and prepare basic financial statements
2. analyse and interpret financial statements and explain their use for decision making
3. prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
4. describe basic finance concepts and apply financial mathematics to investment decisions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACB1000.

The learning objectives associated with this unit are to:

1. account for the recording and reporting of inventory applying the periodic and perpetual method as per issues raised in AASB 102/IAS 102. Prepare and complete balance day adjustments, closing entries and internal control systems to allow all final statements and bank reconciliations to be completed
2. apply the principles of double entry according to the reconstruction of accounts
3. demonstrate how the regulatory environment affects accounting statements in the context of a range of organisational forms
4. apply the definition and recognition criteria for elements of financial statements as per the framework and specific international financial reporting standards. Consider accounting and accountability issues that arise from different measurement methods
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting and demonstrate in individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB1002.

The learning objectives associated with this unit are to:

1. describe cost behaviour under different assumptions
2. compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
3. apply conventional and contemporary cost management techniques used in manufacturing and service industries
4. explain the benefits and limitations of contemporary cost management techniques
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACB2020.

The learning goals associated with this unit are to:

1. explain the nature and regulation of companies in Australia
2. apply accounting standards and the framework in the preparation and presentation of financial statements for both single and consolidated entities
3. demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment (acquisition and impairment), and group accounting
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB2491.

The learning objectives associated with this unit are to:

1. examine the role of accounting information systems in analysing and providing decision support to managers
2. explain the design of accounting information systems and financial models
3. develop financial models to assist in decision making
4. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with accounting information systems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB2851.

The learning objectives associated with this unit are to:

1. apply traditional and contemporary performance measurement and control techniques to enable managers to measure and enhance organisational performance
2. analyse and make recommendations regarding the design of performance measurement and control systems
3. explain how behavioural implications are crucial for the effective design of performance measurement and control systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB3021.

The learning goals associated with this unit are to:

1. explain the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
2. explain the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
3. describe the assurance framework, planning process and evidence gathering procedures used by auditors to form an audit opinion
4. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with auditing and assurance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB3041.

The learning objectives associated with this unit are to:

1. acquire advanced knowledge of the conceptual framework and disclosure requirements in accordance with the accounting standards and the statutory laws
2. 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
3. develop critical skills in written communication and problem analysis through the completion of comprehensive assignment exercise and /or essays
4. develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB3050.

The learning goals associated with this unit are to:

1. describe the elements of financial statements, apply double entry recording and prepare basic financial statements
2. analyse and interpret financial statements and explain their use for decision making
3. prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
4. describe basic finance concepts and apply financial mathematics to investment decisions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACC1000.

The learning goals associated with this unit are to:

1. account for recording and reporting of inventory applying the periodic and perpetual method as per issues raised in AASB 102. Prepare and complete balance day adjustments, closing entries and internal control systems to allow all final statements and bank reconciliations to be complete
2. apply the principles of double entry accounting to the reconstruction of accounts
3. demonstrate how the regulatory environment affects accounting statements in the context of a range of organisational forms
4. apply the definition and recognition criteria for elements of financial statements as per the framework and specific international financial reporting standards
5. identify and comprehend the accounting and accountability issues that arise from different measurement methods
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACC1030.

The learning goals associated with this unit are to:

1. prepare group financial reports
2. demonstrate accounting knowledge in areas such as business combinations, consolidations, equity accounting, joint arrangements, accounting for income tax, cash flow statements and liquidation of companies
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 ACC2120.

The learning goals associated with this unit are to:

1. describe cost behaviour under different assumptions
2. compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
3. apply conventional and contemporary cost management techniques used in manufacturing and service industries
4. explain the benefits and limitations of contemporary cost management techniques
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACC2131.

The learning goals associated with this unit are to:

1. examine the role of accounting information systems in analysing and providing decision support to managers
2. explain the design of accounting information systems and financial models
3. develop financial models to assist in decision making
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting information systems and financial modelling and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACC2851.

The learning goals associated with this unit are to:

1. perform business tasks effectively and efficiently, both as an individual and as a team member
2. apply technical and theoretical knowledge and skills to business tasks
3. demonstrate an understanding of the nuances and practicalities of working within an organisation
4. communicate perceptively and effectively with subordinates, peers and superiors
5. apply critical thinking and compose a set of high quality reports for submission to management.

The learning goals associated with this unit are to:

1. examine and employ the institutional framework for the regulation of financial reporting nationally and globally
2. apply Accounting Standards and the Framework in the preparation and presentation of financial statements
3. examine from a conceptual and practical dimension some of the more complex financial accounting issues including leasing, intangibles and financial instruments, extractive industries and foreign currency translation (this includes using the Framework and Accounting Standards to arrive at alternative solutions to a range of controversial issues in financial reporting)
4. apply critical thinking and problem solving skills to individual activities dealing with advanced financial accounting and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACC3120.

The learning goals associated with this unit are to:

1. apply traditional and contemporary performance measurement and control techniques to enable managers to measure and enhance organisational performance
2. analyse and make recommendations regarding the design of performance measurement and control systems
3. explain how behavioural implications are crucial for the effective design of performance measurement and control systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of topics covered by ACC3131.

The learning goals associated with this unit are to:

1. illustrate how management accounting systems can be designed to support strategy
2. apply management accounting techniques to strategic business decisions
3. critically assess strategic management accounting concepts and techniques
4. analyse and make recommendations regarding the design of strategic management accounting systems
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with strategic management accounting issues and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACC3141.

The learning goals associated with this unit are to:

1. demonstrate an understanding of the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
2. examine the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
3. describe the assurance framework, and apply planning processes and evidence gathering procedures that are used by auditors to form an audit opinion
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and assurance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACC3160.

The learning goals associated with this unit are to:

1. access and extract financial information from published financial reports and databases
2. calculate and interpret relevant financial ratios concerned with the profitability, financial structure and solvency of listed public companies
3. apply and critically assess approaches to valuation including discounted cash flow and residual income methods
4. apply valuation methods to contexts such as security valuation, mergers and acquisitions and credit analysis
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial analysis and valuation and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACC3230.

The learning goals associated with this unit are to:

1. perform business tasks effectively and efficiently, both as an individual and as a team member
2. apply technical and theoretical knowledge and skills to business tasks
3. demonstrate an understanding of the nuances and practicalities of working within an organisation
4. communicate perceptively and effectively with subordinates, peers and superiors
5. apply critical thinking and compose a set of high quality reports for submission to management.

The learning goals associated with this unit are to:

1. describe the elements of financial statements, apply double entry recording and prepare basic financial statements
2. analyse and interpret financial statements and explain their use for decision making
3. prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
4. describe basic finance concepts and apply financial mathematics to investment decisions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACF1000.

The learning goals associated with this unit are to:

1. explain and discuss generally accepted accounting principles (GAAP), measurement systems and the accounting conceptual framework
2. describe and apply definitions and recognition criteria for assets, liabilities, equities, expenses and income as specified in the conceptual framework
3. prepare financial statements for accounting entities including service and retail organisations using generally accepted accounting principles
4. apply principles of selected accounting standards
5. apply critical thinking, problem solving and procedures 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 ACF1121.

The learning goals associated with this unit are to:

1. apply critical inquiry, problem solving and teamwork skills to individual and group tasks dealing with cost information for decision making
2. analyse the behaviour of costs and classify them dependent on the context and purpose of related decisions
3. design and use conventional job costing, process costing and operation costing systems to calculate product costs dependent on the business context
4. design and use contemporary (activity-based) costing systems to calculate product costs
5. analyse and use costs relevant to tactical decision making and cost volume profit analysis
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF2391.

The learning goals associated with this unit are to:

1. explain the content of the reports of publicly listed companies, and regulations of the various regulatory bodies
2. critically examine current issues and disclosure requirements in financial reporting
3. prepare financial reports for single and consolidated entities
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF2491.

The learning goals associated with this unit are to:

1. examine the role of accounting information systems in analysing and providing decision support to managers
2. explain the design of accounting information systems and financial models
3. develop financial models to assist in decision making
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting information systems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF2851.

The learning goals associated with this unit are to:

1. apply traditional and contemporary performance measurement and control techniques to enable managers to measure and enhance organisational performance
2. analyse and make recommendations regarding the design of performance measurement and control systems
3. explain how behavioural implications are crucial for the effective design of performance measurement and control systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF3431.

The learning goals associated with this unit are to:

1. critically assess standard setting procedures and the theories of regulation
2. apply theories to explain accounting policy choices and the relevance of accounting numbers to capital markets
3. apply the definition and recognition criteria for elements of financial reports and issues associated with their application
4. examine contemporary financial accounting issues including financial instruments and intangibles
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced reporting issues and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF3491.

The learning goals associated with this unit are to:

1. illustrate how management accounting systems can be designed to support strategy
2. apply management accounting techniques to strategic business decisions
3. critically assess strategic management accounting concepts and techniques
4. analyse and make recommendations regarding the design of strategic management accounting systems
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with strategic management accounting issues and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF3511.

The learning goals associated with this unit are to:

1. demonstrate an understanding of the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
2. examine the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
3. describe the assurance framework, and apply planning processes and evidence gathering procedures that are used by auditors to form an audit opinion
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and assurance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF3631.

The learning goals associated with this unit are to:

1. describe the elements of financial statements, apply double entry recording and prepare basic financial statements
2. analyse and interpret financial statements and explain their use for decision making
3. prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
4. describe basic finance concepts and apply financial mathematics to investment decisions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACG1000.

The learning goals associated with this unit are to:

1. account for the recording and reporting of inventory applying the periodic and perpetual method as per issues raised in AASB 102/IAS 102. Prepare and complete balance day adjustments, closing entries and internal control systems to allow all final statements and bank reconciliations to be completed
2. apply the principles of double entry accounting to the reconstruction of accounts
3. demonstrate how the regulatory environment affects accounting statements in the context of a range of organisational forms
4. apply the definition and recognition criteria for elements of the financial statements as per the Framework and specific international financial reporting standards. Consider accounting and accountability issues that arise from different measurement methods
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting issues.

The learning goals associated with this unit are to:

1. explain how costing systems and cost behaviour patterns provide information to support operational and strategic decisions
2. compare job, process and hybrid costing methods as alternative approaches to support management decisions
3. examine the differences between conventional and contemporary approaches to overhead allocation
4. analyse short-run tactical decisions using appropriate costing techniques
5. develop capabilities to work effectively in a group; and/or demonstrate effective individual research skills to produce professional quality reports to solve organisational related problems; and/or deliver a professional quality presentation; and/or develop oral communication skills and demonstrate independent thinking through contributions to class discussions; and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACG2020.

The learning goals associated with this unit are to:

1. explain the nature and regulation of companies in Australia
2. apply accounting standards and the framework in the preparation and presentation of financial statements for both single and consolidated entities
3. demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment (acquisition and impairment), and group accounting
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACG2491.

The learning goals associated with this unit are to:

1. examine the role of accounting information systems in analysing and providing decision support to managers
2. explain the design of accounting information systems and financial models
3. develop financial models to assist in decision making
4. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with accounting information systems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACG2851.

The learning goals associated with this unit are to:

1. apply traditional and contemporary performance measurement and control techniques to enable managers to measure and enhance organisational performance
2. analyse and make recommendations regarding the design of performance measurement and control systems
3. explain how behavioural implications are crucial for the effective design of performance measurement and control systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACG3021.

The learning goals associated with this unit are to:

1. outline the development of accounting concepts and international accounting
2. critically review conventional accounting practice
3. compare and contrast alternative accounting models
4. understand ethical principles and their application of these principles in the field of business
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting theory.

The learning goals associated with this unit are to:

1. explain the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
2. explain the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
3. describe the assurance framework, planning process and evidence gathering procedures used by auditors to form an audit opinion
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and assurance matters and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACG3041.

The learning goals associated with this unit are to:

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

The learning goals associated with this unit are to:

1. describe the elements of financial statements, apply double entry recording and prepare basic financial statements
2. analyse and interpret financial statements and explain their use for decision making
3. prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
4. describe basic finance concepts and apply financial mathematics to investment decisions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACP1000.

The learning goals associated with this unit are to:

1. examine the role of information technology and business systems in analysing and providing decision support to knowledge workers
2. examine the core business processes common to most businesses
3. explain the design of business information systems to enable businesses to execute business processes quickly and efficiently
4. develop examples of business information and decision support systems to assist knowledge workers in management and decision making activities, using an industry standard database and/or spreadsheet
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with business information and systems and demonstrate in individual summative assessment tasks the acquisition of comprehensive understanding of the topics covered by ACP2851.

The learning goals associated with this unit are to:

1. examine the ethical dimension of individual and social life in the context of cultural diversity
2. define and explain selected ethical theories and their relevance to business and professional ethical issues
3. apply an ethical and corporate governance perspective to organisational and management issues
4. explain the nature of professionalism
5. be able to use ethical knowledge and theory to make decisions in relation to case studies
6. describe the purpose, structure and contents of selected codes of conduct from business and professions, particularly the accounting profession and apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with ethics in business and the accounting profession and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS2700.

The learning objectives associated with this unit are to:

1. describe and understand the requirements of the financial reporting and regulatory environment, including the internationalisation of accounting practices and the underlying theory supporting the accounting treatment in the application of the IFRS requirements
2. discuss the key aspects of the Conceptual Framework relating to the definitions and recognition criteria of the elements, as applied to the various spectrum of accounting topics
3. apply IFRS requirements to the accounting for revenue recognition, provisions and contingent liabilities/assets, events after the reporting period, accounting policies, estimates and errors and borrowing costs
4. apply IFRS recognition, measurement and disclosure requirements to the accounting for various asset topics including inventories; property, plant and equipment; impairment of assets; intangible assets; investment property; and non-current assets held for sale and discontinued operations
5. 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 ACS2730.

The learning objectives associated with this unit are to:

1. analyse and evaluate how entities apply the IFRS topics dealt with in this unit in their annual financial reporting, including the recognition, measurement, disclosure and presentation of these topics
2. evaluate and apply the IFRS on earnings per share and accounting for income taxes
3. prepare a statement of cash flows in conformity with IFRS
4. explain and apply the basic principles of accounting for group transactions, including business combinations and intracompany transactions, and the preparation of group financial statements
5. demonstrate proficiency in the use of a commercial accounting software package to enter and process accounting data according to selected IFRS and to analyse and interpret the resulting accounting information
6. 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 ACS2740.

The learning objectives associated with this unit are to:

1. apply the general principles of auditing, the responsibilities, functions and qualities of the auditor and illustrate knowledge of a proper background to auditing in a simulated practical scenario
2. explain and describe the audit process from planning to the completion of the audit, assess audit risk and determine materiality
3. describe all the relevant issues regarding the going concern concept and reliance on other parties, and apply this knowledge to various simulated practical situations/in various audits
4. describe and examine internal controls in the context of external auditing, and apply this knowledge to simulated practical situations and to make recommendations in that regard
5. apply tests of control and substantive testing to the business cycles
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and demonstrate in an individual summative assessment ask the acquisition of a comprehensive understanding of the topics covered in ACS2760.

The learning goals associated with this unit are to:

1. describe cost behaviour under different assumptions
2. compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
3. apply conventional and contemporary cost management techniques used in manufacturing and service industries
4. explain the benefits and limitations of contemporary cost management techniques
5. identify aspects broader than only financial aspects (such as environmental, social, economic and governance) in decision making
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACS2770.

The learning objectives associated with this unit are to:

1. critically analyse the conceptual framework with regards to the objective of general purpose financial reporting; the specific information needs of users, as well as the general information needs of other users; the qualitative characteristics and underlying assumption of useful financial information; the appropriate definitions of elements and their recognition criteria
2. discuss the key aspects of the conceptual framework (as described in objective 1) as applied to the preparation and presentation of financial statements, as well as the various spectrum of accounting topics dealt with in this unit
3. discuss, apply, calculate and explain the detailed requirements relating to various IFRS topics, including recognition, measurement, disclosure and presentation of these topics: provisions, contingent liabilities and contingent assets; revenue recognition; income taxes (including deferred tax); leases, non-current assets held for sale and discontinued operations; the effects of changes in foreign exchange rates and hedging; employee benefits; share-based payments; financial instruments; and earnings per share
4. identify, discuss and apply the detailed requirements of the various IFRS topics included in this unit to integrated accounting case studies and practical scenarios, in order to identify and solve all the related issues regarding a variety of IFRS problems included in one scenario
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial according and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3730.

The learning objectives associated with this unit are to:

1. discuss and apply the practical application of IFRS topics, as covered in prior financial accounting units, to the financial reporting of entities, both in individual and group financial statements
2. discuss the theory and background to group structures and preparing group financial statements
3. prepare and assess group financial statements for wholly-owned and partly-owned subsidiaries, taking into account the effects of intragroup transactions, dividends, preferences shares, interim acquisitions and complex groups
4. discuss and apply the principles of accounting for associates and joint arrangements
5. discuss and apply the basic principles of changes in ownership interests of group entities
6. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with group statements and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3740.

The learning objectives associated with this unit are to:

1. explain and discuss the role that management accounting information plays in organisations
2. review critically, analyse, consolidate and synthesise knowledge of advanced quantification techniques to provide information for management decision-making and give advice
3. demonstrate proficiency in applying the management accounting related instruments, techniques and procedures covered to theoretical and practical applications and interpret the results and advice accordingly
4. identify, evaluate and critically review aspects broader than only financial aspects (such as environmental, social, economic and governance) in management decision making
5. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with management information and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3750.

The learning goals associated with this unit are to:

1. explain the most important aspects of management of a computer information system (CIS)
2. describe and explain computer security and controls, and apply that knowledge in order to assess the relevant audit risks and to make recommendations, as an external auditor, for the improvement of security and controls in simulated simple and advanced CIS environments and networks
3. describe and discuss the procedures and problematic areas surrounding the download of client's data to the external auditor's computer environment for audit purposes
4. plan, based on proper risk assessment, the external audit of financial CIS systems, selecting techniques such as CAATs (computer-assisted auditing techniques)
5. explain, interpret and illustrate the influence of the internet and E-commerce on the business and auditing environments, including relevant legislation
6. explain and describe database technology and apply the knowledge practically in database software on computer
7. use the computer practically as a business, accounting and auditing tool with spreadsheet analysis software, CAATs software and automated audit working papers in selected case studies.

The learning objectives associated with this unit are to:

1. evaluate compliance with the regulations applicable to external auditors to identify violations and to make relevant recommendations
2. assess corporate governance and recommend improvements towards best practices
3. assess audit risk, controls and recommend improvements for all business processes in the group in various simulated practical scenarios
4. design audit procedures including the use of computerised assisted audit techniques (CAATs) in response to the risk assessment in simulated practical scenarios for all business processes
5. write an appropriate report to communicate the results in simulated practical scenarios
6. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with auditing and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3770.

The learning goals associated with this unit are to:

1. describe the elements of financial statements, apply double entry recording and prepare basic financial statements
2. analyse and interpret financial statements and explain their use for decision making
3. prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
4. describe basic finance concepts and apply financial mathematics to investment decisions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACW1000.

The learning goals associated with this unit are to:

1. account for the recording and reporting of inventory applying the periodic and perpetual method as per issues raised in AASB 102/IAS 102. Prepare and complete balance day adjustments, closing entries and internal control systems to allow all final statements and bank reconciliations to be completed
2. apply the principles of double entry according to the reconstruction of accounts
3. demonstrate how the regulatory environment affects accounting statements in the context of a range of organisational forms
4. apply the definition and recognition criteria for elements of financial statements as per the Framework and specific international financial reporting standards. Consider accounting and accountability issues that arise from different measurement methods
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting and demonstrate in individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW1002.

The learning goals associated with this unit are to:

1. describe cost behaviour under different assumptions
2. compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
3. apply conventional and contemporary cost management techniques used in manufacturing and service industries
4. explain the benefits and limitations of contemporary cost management techniques
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACW2020.

The learning goals associated with this unit are to:

1. explain the nature and regulation of companies in Australia
2. apply accounting standards and the framework in the preparation and presentation of financial statements for both single and consolidated entities
3. demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment (acquisition and impairment), and group accounting
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW2491.

The learning goals associated with this unit are to:

1. examine the role of accounting information systems in analysing and providing decision support to managers
2. explain the design of accounting information systems and financial models
3. develop financial models to assist in decision making
4. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with accounting information systems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW2851.

The learning goals associated with this unit are to:

1. apply traditional and contemporary performance measurement and control techniques to enable managers to measure and enhance organisational performance
2. analyse and make recommendations regarding the design of performance measurement and control systems
3. explain how behavioural implications are crucial for the effective design of performance measurement and control systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW3021.

The learning goals associated with this unit are to:

1. apply a range of accounting theories and concepts to explain financial accounting and reporting practices
2. critically review conventional accounting practice
3. compare and contrast alternative accounting models
4. analyse ethical principles and demonstrate their application in the field of business
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting theory and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW3040.

The learning goals associated with this unit are to:

1. demonstrate an understanding of the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
2. examine the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
3. describe the assurance framework, and apply planning processes and evidence gathering procedures that are used by auditors to form an audit opinion
4. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with auditing and assurance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW3041.

The learning goals associated with this unit are to:

1. critically analyse how standard setting procedures and theories of regulation are formulated and their contribution to financial reporting nationally and globally
2. apply accounting standards and the conceptual framework in the preparation and presentation of financial statements
3. develop critical skills in written communication and problem analysis through the completion of a comprehensive assignment exercise and/or essay(s)
4. develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW3050.

The learning goals associated with this unit are to:

1. compare and contrast accounting standard setting in various countries and discuss the convergence of accounting standards through an international study program
2. develop a practical understanding and appreciation of culture in the development of national accounting regulations
3. evaluate academic and professional papers in international accounting
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with international accounting.

The learning goals associated with this unit are to:

1. explain the major steps in the development of a research project in accounting
2. illustrate the key strengths and weaknesses in accounting research designs and methods
3. apply qualitative and quantitative data analysis techniques and interpret the output
4. critically evaluate empirical research in accounting
5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with research methods and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACX4000.

The learning goals associated with this unit are to:

1. implement a research proposal
2. recognise practical problems of conducting scientific research and propose solutions
3. complete a research dissertation
4. develop the ability to conduct and manage a planned study
5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research dissertation.

The learning goals associated with this unit are to:

1. develop an understanding of key philosophical issues in Accounting Information Systems research, particularly the ontological foundations of the discipline
2. articulate solutions to significant research problems using key paradigms in the Accounting Information Systems discipline
3. critique research relating to the design and use of accounting and business information systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with issues in accounting information systems and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACX4040.

The learning goals associated with this unit are to:

1. evaluate and contrast research paradigms in auditing and assurance research
2. describe and evaluate the range of methods of decision making in auditing
3. critically evaluate empirical research and identify major research questions in auditing and assurance including audit quality, internal control, fraud and corporate governance
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in auditing and assurance and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACX4050.

The learning goals associated with this unit are to:

1. evaluate research paradigms in financial accounting
2. critically evaluate the literature on financial reporting and capital market
3. critically evaluate the literature on pricing of information
4. critically evaluate the statistical models employed in the financial reporting and capital market literature
5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in financial reporting and capital market and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACX4070.

The learning goals associated with this unit are to:

1. discuss research paradigms and core concepts related to organisational, economic, behavioural and sociological theories as they relate to management accounting research
2. critically evaluate recent developments in strategic thinking and implications for management accounting
3. critically evaluate empirical research to identify recent developments in management accounting practices from perspectives of both content and processes
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in management accounting and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACX4090.

The learning goals associated with this unit are to:

1. describe accounting-based valuation methods and apply these methods to listed companies
2. critically evaluate the role of information risk in securities pricing
3. critically evaluate empirical research in cost of equity capital
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with the analysis of financial statements.

The learning goals associated with this unit are to:

1. critically evaluate empirical research and identify major research questions in behavioural research in accounting
2. critically evaluate recent developments in behavioural research and implications for accounting researchers/practitioners
3. illustrate the key strengths and weaknesses in commonly applied research methods in behavioural research
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in behavioural accounting and demonstrate in individual assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACX4190.

The learning goals associated with this unit are to:

1. describe the elements of financial statements, apply double entry recording and prepare basic financial statements
2. analyse and interpret financial statements and explain their use for decision making
3. prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
4. describe basic finance concepts and apply financial mathematics to investment decisions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in AFC1000.

The learning goals associated with this unit are to:

1. account for recording and reporting of inventory applying the periodic and perpetual method as per issues raised in AASB 102. Prepare and complete balance day adjustments, closing entries and internal control systems to allow all final statements and bank reconciliations to be complete
2. apply the principles of double entry accounting to the reconstruction of accounts
3. demonstrate how the regulatory environment affects accounting statements in the context of a range of organisational forms
4. apply the definition and recognition criteria for elements of financial statements as per the framework and specific international financial reporting standards
5. identify and comprehend the accounting and accountability issues that arise from different measurement methods
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by AFC1030.

The learning goals associated with this unit are to:

1. describe the institutions, instruments and markets that comprise a developed financial system
2. apply the concepts and techniques used by financial professionals in the debt, equity, foreign exchange and derivative markets
3. define the specialist terms and language of finance
4. apply the knowledge of financial mathematics to the pricing and valuation of equity, debt and derivative instruments
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2000.

The learning goals associated with this unit are to:

1. prepare group financial reports
2. demonstrate accounting knowledge in areas such as business combinations, consolidations, equity accounting, joint arrangements, accounting for income tax, cash flow statements and liquidation of companies
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.

The learning goals associated with this unit are to:

1. describe cost behaviour under different assumptions
2. compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
3. apply conventional and contemporary cost management techniques used in manufacturing and service industries
4. explain the benefits and limitations of contemporary cost management techniques
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2131.

The learning goals associated with this unit are to:

1. evaluate investment options and value equity and debt instruments
2. explain portfolio theory and show how the theory can be extended to price risky assets
3. estimate the appropriate cost of capital for investment appraisal purposes
4. analyse issues determining capital structure and dividend policy
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with corporate finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2140.

The learning goals associated with this unit are to:

1. analyse and select investments from various asset classes with particular emphasis on equities
2. examine the nature of different asset classes, the ways in which professional managers incorporate and manage asset classes into balanced or specialist funds
3. describe skills and techniques used by professionals who are involved in investments, funds management, financial planning, superannuation, and wealth creation
4. understand the importance of professional investment in wealth creation
5. understand the importance of ethical practices by investment professionals and the CFA Institute code of ethics and standards of professional conduct
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with equities and investment analysis and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2240.

The learning goals associated with this unit are to:

1. describe conventions used in short term money and capital markets, and explain the implications for pricing of products in these markets
2. apply quantitative skills required for pricing and risk management associated with money, capital and retirement income stream markets
3. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with debt markets and fixed income securities and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2340.

The learning goals associated with this unit are to:

1. examine the role of accounting information systems in analysing and providing decision support to managers
2. explain the design of accounting information systems and financial models
3. develop financial models to assist in decision making
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting information systems and financial modelling and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2851.

The learning goals associated with this unit are to:

1. perform business tasks effectively and efficiently, both as an individual and as a team member
2. apply technical and theoretical knowledge and skills to business tasks
3. demonstrate an understanding of the nuances and practicalities of working within an organisation
4. communicate perceptively and effectively with subordinates, peers and superiors
5. apply critical thinking and compose a set of high quality reports for submission to management.

The learning goals associated with this unit are to:

1. examine and employ the institutional framework for the regulation of financial reporting nationally and globally
2. apply Accounting Standards and the Framework in the preparation and presentation of financial statements
3. examine from a conceptual and practical dimension some of the more complex financial accounting issues including leasing, intangibles and financial instruments, extractive industries and foreign currency translation (this includes using the Framework and Accounting Standards to arrive at alternative solutions to a range of controversial issues in financial reporting)
4. apply critical thinking and problem solving skills to individual activities dealing with advanced financial accounting and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by AFC3120.

The learning goals associated with this unit are to:

1. apply traditional and contemporary performance measurement and control techniques to enable managers to measure and enhance organizational performance
2. analyse and make recommendations regarding the design of performance measurement and control systems
3. explain how behavioural implications are crucial for the effective design of performance measurement and control systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of topics covered by AFC3131.

The learning goals associated with this unit are to:

1. evaluate investment and financing decisions;
2. apply analytical techniques to a variety of problems in domestic corporate financial management
3. describe the institutional environment in which financial decisions are made including identifying the sources of financial risk and their relevance in financial management
4. critically evaluate finance theories, concepts, assumptions, limitations and arguments
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced corporate finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC3140.

The learning goals associated with this unit are to:

1. illustrate how management accounting systems can be designed to support strategy
2. apply management accounting techniques to strategic business decisions
3. critically assess strategic management accounting concepts and techniques
4. analyse and make recommendations regarding the design of strategic management accounting systems
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with strategic management accounting issues and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC3141.

The learning goals associated with this unit are to:

• demonstrate an understanding of the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
• examine the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
• describe the assurance framework, and apply planning processes and evidence gathering procedures that are used by auditors to form an audit opinion
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and assurance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC3160.

The learning goals associated with this unit are to:

1. outline the major risks and related prudential requirements faced by banks and to assess factors to consider in managing these risks
2. evaluate the various mathematical techniques available to manage interest rate risk including the maturity model, the duration model and the repricing model
3. evaluate mathematical models in relation to managing credit risk for individual loans and to the loan portfolio
4. identify suitable qualitative and quantitative indicators of financial institutions' performance
5. distinguish the various sources of commercial and retail debt funding including liability management, and analyse how the current Australian banking system provides access to such funds
6. sequence the Basel framework as used in Australia, but emanating from the Basel Committee at the global level
7. be able to clearly and effectively communicate solutions, applying the knowledge in above areas, in a distinctly logical manner in relation to activities dealing with the management of financial institutions and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC3170.

The learning goals associated with this unit are to:

1. access and extract financial information from published financial reports and databases
2. calculate and interpret relevant financial ratios concerned with the profitability, financial structure and solvency of listed public companies
3. apply and critically assess approaches to valuation including discounted cash flow and residual income methods
4. apply valuation methods to contexts such as security valuation, mergers and acquisitions and credit analysis
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial analysis and valuation and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC3230.

The learning goals associated with this unit are:

1. analyse and evaluate the benefits and disadvantages of the various exchange rate systems
2. critically appraise the extent to which the theories of exchange rate determination explain exchange rate movements in today's globalised economy
3. explain the various tools and approaches for firms in hedging transaction exchange exposure, and recommend the most appropriate approach to hedging in a variety of economic and firm-specific circumstances
4. analyse the extent to which firms are exposed to economic or operating exchange risk, evaluate their systems in place to manage it, and recommend alternative approaches
5. appraise the benefits of international portfolio investment vis-a-vis domestic-only diversification
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC3240.

The learning goals associated with this unit are to:

1. describe the characteristics of options, futures, and other derivatives
2. identify factors that affect option prices
3. apply option pricing models
4. explain the operation of futures markets and the link between spot and futures prices
5. analyse swaps, FRAs, caps, floors and collars in terms of their basic components for pricing purposes
6. demonstrate how the derivatives can be used for risk management, speculation and arbitrage
7. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with derivative instruments and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC3340.

The learning goals associated with this unit are to:

1. describe financial planning activities, and legal compliance requirements for financial planners
2. demonstrate specialist skills required for interaction with financial planning clients
3. demonstrate generic knowledge of the Australian and global investment environments, together with specialist knowledge in the areas of superannuation, financial planning, securities and managed investments
4. prepare financial plans for clients with different financial objectives
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with pension and financial planning and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC3440.

The learning goals associated with this unit are to:

1. apply knowledge and skills in the use of Excel and Visual Basic
2. develop skills in the design and implementation of efficient and robust financial models such as option pricing, portfolio and interest rate models
3. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced modelling in finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in AFC3540.

The learning goals associated with this unit are to:

1. perform business tasks effectively and efficiently, both as an individual and as a team member
2. apply technical and theoretical knowledge and skills to business tasks
3. demonstrate an understanding of the nuances and practicalities of working within an organisation
4. communicate perceptively and effectively with subordinates, peers and superiors
5. apply critical thinking and compose a set of high quality reports for submission to management.

The learning goals associated with this unit are to:

• describe the elements of financial statements, apply double entry recording and prepare basic financial statements
• analyse and interpret financial statements and explain their use for decision making
• prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
• describe basic finance concepts and apply financial mathematics to investment decisions
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in AFF1000.

The learning goals associated with this unit are to:

1. explain and discuss generally accepted accounting principles (GAAP), measurement systems and the accounting conceptual framework
2. describe and apply definitions and recognition criteria for assets, liabilities, equities, expenses and income as specified in the conceptual framework
3. prepare financial statements for accounting entities including service and retail organisations using generally accepted accounting principles
4. apply principles of selected accounting standards
5. apply critical thinking, problem solving and procedures 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 AFF1121.

The learning goals associated with this unit are to:

1. describe the structure and operation of financial institutions and markets in Australia;
2. evaluate short and medium to longer term financial instruments
3. explain government monetary policy and the term structure of interest rates
4. describe the derivative products available to manage financial risk
5. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with money and capital markets and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF1300.

The learning goals associated with this unit are to:

1. discuss the international financial environment and the importance of foreign exchange risk management
2. discuss important financial management issues and their application to financial management of multinational firms
3. discuss foreign exchange market mechanisms and explain how markets can be used to hedge foreign currency transaction exposure
4. apply capital budgeting techniques in the context of a multinational firm
5. apply critical thinking, problem solving and presentation skills to individual activities dealing with international financial management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFW2341.

The learning goals associated with this unit are to:

1. apply critical inquiry, problem solving and teamwork skills to individual and group tasks dealing with cost information for decision making;
2. analyse the behaviour of costs and classify them dependent on the context and purpose of related decisions;
3. design and use conventional job costing, process costing and operation costing systems to calculate product costs dependent on the business context;
4. design and use contemporary (activity-based) costing systems to calculate product costs;
5. analyse and use costs relevant to tactical decision making and cost volume profit analysis
6. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with cost information for decision making and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF2391.

The learning goals associated with this unit are to:

1. examine the main risks and related prudential requirements faced by banks and to assess factors to consider in managing these risks
2. appraise suitable qualitative and quantitative data or characteristics to assess bank performance
3. understand asset and liability management of a financial institution
4. contrast various security portfolio strategies available to the bank, and explain optimal strategies when interest rates change
5. understand non-market related and derivative contracts used by financial institutions
6. be able to sequence the Basel prudential framework as instigated within the Australian context, but emanating from the Basel Committee at the global level
7. be able to clearly and effectively communicate solutions, applying the knowledge in above areas, in a distinctly logical manner in relation to activities dealing with the commercial banking and finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF2401.

The learning goals associated with this unit are to:

1. explain the content of the reports of publicly listed companies, and regulations of the various regulatory bodies
2. critically examine current issues and disclosure requirements in financial reporting
3. prepare financial reports for single and consolidated entities
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF2491.

The learning goals associated with this unit are to:

1. apply the concept of the time value of money and other project evaluation techniques
2. explain and apply portfolio theory and the capital asset pricing model
3. measure a firm's cost of capital
4. describe dividend policy and its relevance to the value of a firm
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF2631.

The learning goals associated with this unit are to:

• explain the importance of the equity market for the economy and for a corporation
• apply different techniques to evaluate trading costs
• appraise equity trading principles and strategies
• undertake a trading simulation exercise and complete a stock report
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with equity markets and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF2701.

The learning goals associated with this unit are to:

1. examine the role of accounting information systems in analysing and providing decision support to managers
2. explain the design of accounting information systems and financial models
3. develop financial models to assist in decision making
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting information systems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF2851.

The learning goals associated with this unit are to:

• describe financial planning activities and legal compliance requirements for financial planners
• demonstrate specialist skills required for interaction with financial planning clients
• demonstrate generic knowledge of the Australian and global investment environments, together with specialist knowledge in the areas of superannuation, financial planning, securities and managed investments
• prepare detailed information necessary to complete a limited Statement of Advice (SoA)
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with personal financial planning and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF3111.

The learning goals associated with this unit are to:

1. critically evaluate financial market information to measure risk and return
2. describe modern portfolio theory
3. apply asset pricing models and valuation techniques to the valuation of assets
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investments and portfolio management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF3121.

The learning goals associated with this unit are to:

1. analyse dealing practices and conventions in the foreign exchange and cash markets
2. develop the front office and back office functions of a simulated bank's treasury dealing room
3. plan, verify and settle transactions completed in the treasury dealing room
4. develop, implement, analyse and manage dealing strategies in the treasury dealing room
5. plan, organise and report on all activities involved in the treasury dealing simulation
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with money market operations.

The learning goals associated with this unit are to:

1. explain the parity principles and the concept of arbitrage in international financial markets
2. explain how currency derivative contracts such as forwards, futures, options and swaps can be used to hedge in the foreign exchange markets
3. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international banking and finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF3331.

The learning goals associated with this unit are to:

1. describe the key operations of investment banks
2. apply valuation models to companies
3. explain regulations related to equity issues, mergers and acquisitions and share buybacks
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investment banking.

The learning goals associated with this unit are to:

1. explain the role of treasury operations in an international or a local bank
2. describe how risk management processes work
3. demonstrate the application of hedging techniques used in banks' treasury operations
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with treasury management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF3651.

The learning goals associated with this unit are to:

1. discuss the operations of derivative markets
2. explain the use of the options and futures markets for hedging and trading purposes
3. implement trading strategies and measure positions
4. demonstrate how to price and value standard futures and option contracts
5. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with futures and options markets and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF3751.

The learning goals associated with this unit are to:

1. examine the major types of lending products and match these products to customer needs
2. analyse the risk return characteristics and pricing of a loan application
3. discuss the behavioural aspects associated with lending decisions
4. apply statistical techniques used in decision making at the approval, monitoring and termination stages of lending
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with lending decisions and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF3841.

The learning goals associated with this unit are to:

1. describe the elements of financial statements, apply double entry recording and prepare basic financial statements
2. analyse and interpret financial statements and explain their use for decision making
3. prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
4. describe basic finance concepts and apply financial mathematics to investment decisions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in AFG1000.

The learning goals associated with this unit are to:

1. Account for the recording and reporting of inventory applying the periodic and perpetual method as per issues raised in AASB 102/IAS 102. Prepare and complete balance day adjustments, closing entries and internal control systems to allow all final statements and bank reconciliations to be completed.
2. Apply the principles of double entry accounting to the reconstruction of accounts
3. Demonstrate how the regulatory environment affects accounting statements in the context of a range of organizational forms.
4. Apply the definition and recognition criteria for elements of the financial statements as per the Framework and specific international financial reporting standards. Consider accounting and accountability issues that arise from different measurement methods.
5. Apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting issues.

The learning goals associated with this unit are to:

1. describe the structure and operation of financial institutions and markets in Australia
2. evaluate short and medium to longer term financial instruments
3. explain government monetary policy and the term structure of interest rates
4. describe the derivative products available to manage financial risk
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with money and capital markets.

The learning goals associated with this unit are to:

1. explain how costing systems and cost behaviour patterns provide information to support operational and strategic decisions.
2. compare job, process and hybrid costing methods as alternative approaches to support management decisions.
3. examine the differences between conventional and contemporary approaches to overhead allocation.
4. Analyse short-run tactical decisions using appropriate costing techniques.
5. develop capabilities to work effectively in a group; and/or demonstrate effective individual research skills to produce professional quality reports to solve organisational related problems; and/or deliver a professional quality presentation; and/or develop oral communication skills and demonstrate independent thinking through contributions to class discussions; and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by AFG2020.

The learning goals associated with this unit are to:

1. explain the nature and regulation of companies in Australia
2. apply accounting standards and the framework in the preparation and presentation of financial statements for both single and consolidated entities
3. demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment (acquisition and impairment), and group accounting
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in AFG2491.

The learning goals associated with this unit are to:

1. apply the concept of the time value of money and other project evaluation techniques
2. explain and apply portfolio theory and the capital asset pricing model
3. measure a firm's cost of capital
4. describe dividend policy and its relevance to the value of a firm
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial management.

The learning goals associated with this unit are to:

1. examine the role of accounting information systems in analysing and providing decision support to managers
2. explain the design of accounting information systems and financial models
3. develop financial models to assist in decision making
4. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with accounting information systems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFG2851.

The learning goals associated with this unit are to:

1. apply traditional and contemporary performance measurement and control techniques to enable managers to measure and enhance organisational performance
2. analyse and make recommendations regarding the design of performance measurement and control systems
3. explain how behavioural implications are crucial for the effective design of performance measurement and control systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFG3021.

The learning goals associated with this unit are to:

1. outline the development of accounting concepts and international accounting
2. critically review conventional accounting practice
3. compare and contrast alternative accounting models
4. understand ethical principles and their application of these principles in the field of business
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting theory.