ACF3100 - Advanced financial accounting - 2018

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.


Business and Economics

Organisational Unit

Department of Accounting

Chief examiner(s)

Dr Patty McNicholas (First semester)
Mr Richard Pucci (Second semester)
Dr Lisa Powell (Trimester A)
Ms Chenlan Song (Trimester B and C)


Dr Patty McNicholas (First semester)
Mr Richard Pucci (Second semester)
Mr Steven Burch (Trimester A and B)
Dr Amid Khosa (Trimester C)

Unit guides



  • First semester 2018 (On-campus)
  • Second semester 2018 (On-campus)

City (Melbourne)

  • Trimester A 2018 (On-campus)
  • Trimester B 2018 (On-campus)
  • Trimester C 2018 (On-campus)


ACF2100 or equivalent.


ACB3050, AFF3491, ACF3491, AFG3040, ACG3040, AFC3120, ACC3120, AFG3050, ACG3050, AFW3040, ACW3040Not offered in 2018, AFW3050, ACW3050Not offered in 2018, ACC3200


This unit explores advanced financial accounting issues, building on knowledge and skills gained in earlier units in financial accounting. A range of theories used to assess accounting decisions, reporting practices and regulation are examined. The unit focuses on a number of contemporary accounting issues including: measurement, intangible assets, financial instruments, foreign currency transactions and integrated reporting.


The learning goals associated with this unit are to:

  1. examine contemporary financial accounting issues
  2. apply a range of theories of accounting to explain accounting practices and appreciate the judgements, estimation and assumptions influencing accounting numbers
  3. critically assess and appreciate changing influences in standard setting and regulatory requirements
  4. apply judgement, communication and problem solving skills to deal with advanced financial accounting issues.


Within semester assessment: 50% + Examination: 50%

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