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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Balachandran Muniandy
Available to Study Abroad Students: Yes
Subject year level: Year Level 3 - UG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: ACC2CRE
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Financial Reporting | Recommended | Loftus et al (2015) | Wiley |
| Readings | Australian Financial Accounting | Prescribed | Deegan, 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)
Albury-Wodonga, 2018, Semester 2, Blended
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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.
"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 element | Comments | % | 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 assessment | 60 | 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran 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 element | Comments | % | 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 assessment | 60 | 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 |