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 TypeTitleResource RequirementAuthor and YearPublisher
ReadingsFinancial ReportingPrescribedLoftus et al (2015)Wiley
ReadingsAustralian Financial AccountingRecommendedDeegan, 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…

Start date between: and    Key dates

Albury-Wodonga, 2016, 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.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Bendigo, 2016, 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.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Dandenong, 2016, 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.

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Dandenong, 2016, 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.

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Melbourne, 2016, Summer 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

Lecture/Seminar Week: 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 elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Melbourne, 2016, 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.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Melbourne, 2016, 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.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Mildura, 2016, Summer 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

Class requirements

Lecture/Seminar Week: 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/Seminar Week: 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 elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Shepparton, 2016, 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.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode"

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Sydney, 2016, 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.

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02

Sydney, 2016, 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.

Assessments

Assessment elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 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 elementComments% ILO*
One 2,000-word group reportGroups 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 examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50 01, 02, 03
One 60-minute mid-semester examor equivalent assessment20 01, 02
One 10 minutes online quiz10 01, 02