6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Coordinator(s)
Not offered in 2017
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 ACW3050.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
Chief examiner(s)
Prerequisites
Students must have passed either ACW2491 or AFW2491 before undertaking this unit.