ADVANCED FINANCIAL ACCOUNTING

ACC3AFA

2018

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, employee benefits, 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

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsFinancial ReportingRecommendedLoftus et al (2015)Wiley
ReadingsAustralian Financial AccountingPrescribedDeegan, C (2016)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:
Workshop and online material
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:
Workshop and online material
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:
Workshop and online material
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Bendigo, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Dandenong, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Dandenong, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Melbourne, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Melbourne, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Mildura, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Shepparton, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Sydney, 2018, Study Period 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Sydney, 2018, Study Period 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

WorkShop Week: 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02

Sydney, 2018, 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.
"In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class."

Assessments

Assessment elementComments% ILO*
One report. (500 words per student)The report will be calculation and case study or accounting theory based.10 03
One 3-hour final examination (3000 words)Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall total of 50% to pass the subject or equivalent assessment60 01, 02, 03
One 45-minute mid-semester exam (300 words)A combination of multiple choice questions and short questions will be assessed through online.15 01, 02
One 20 minutes in-class quiz (200 words)Multiple choice questions and short question will be assessed.15 01, 02