acc3afa advanced financial accounting
ADVANCED FINANCIAL ACCOUNTING
ACC3AFA
2016
Credit points: 15
Subject outline
This subject provides you an understanding of some of the major contemporary issues associated with the measurement and reporting of the operating results and financial position of modern reporting entities. In keeping with recent recommendations of the Australian accounting profession, this subject covers foreign currency transactions, superannuation, financial instruments, construction contracts and other topical issues. The role of theory in accounting is also covered.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorBalachandran Muniandy
Available to Study Abroad StudentsYes
Subject year levelYear Level 3 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites ACC2CRE
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Financial Reporting | Prescribed | Loftus et al (2015) | Wiley |
| Readings | Australian Financial Accounting | Recommended | Deegan, C (2015) | Mc Graw Hill |
Graduate capabilities & intended learning outcomes
01. Analyse and apply relevant accounting standards within a dynamic organisational environment, with a particular focus on complex transactions, specialised industries and financial statement disclosure
- Activities:
- Lecture, workshop
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Adaptability Skills,Study and Learning Skills)
- Personal and Professional Skills(Adaptability Skills,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
02. Evaluate the criteria for assets and liabilities as they apply to the components of the accounting equation
- Activities:
- Lecture, workshop
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Adaptability Skills,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
03. Explain and apply the main accounting theories as they apply to accounting practices and regulations
- Activities:
- Lecture, Workshop
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
Subject options
Select to view your study options…
Albury-Wodonga, 2016, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Bendigo, 2016, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Dandenong, 2016, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Dandenong, 2016, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Melbourne, 2016, Summer 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
Lecture/SeminarWeek: 02 - 07
Two 3.0 hours lecture/seminar per week on weekdays during the day from week 02 to week 07 and delivered via face-to-face.
"This subject will be delivered on a block mode for this summer under traditional lecture/seminar mode."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Melbourne, 2016, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Melbourne, 2016, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Mildura, 2016, Summer 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
Lecture/SeminarWeek: 02 - 05
Two 5.0 hours lecture/seminar per week on weekdays during the day from week 02 to week 05 and delivered via face-to-face.
"This subject will be delivered on a block mode for this summer under traditional lecture/seminar mode."
Lecture/SeminarWeek: 06 - 06
One 2.0 hours lecture/seminar per week on weekdays during the day from week 06 to week 06 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Shepparton, 2016, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Sydney, 2016, Study Period 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Sydney, 2016, Study Period 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShopWeek: 31 - 42
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |
Sydney, 2016, Study Period 3, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShop
One 2.0 hours workshop per week on weekdays during the day and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2,000-word group report | Groups are made up of 2 members. All the members in the group have to sign declaration statement that there is no conflict among group members in regards to equal contribution in the group report. | 20 | 03 |
| One 3-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 | 01, 02, 03 |
| One 60-minute mid-semester exam | or equivalent assessment | 20 | 01, 02 |
| One 10 minutes online quiz | 10 | 01, 02 |