ACB3120 Financial accounting 3
Faculty of Business and Economics
ACB3120 Financial accounting 3 is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 2 at Peninsula. It needs ACB2120, ACC2100, ACF2100, ACW2120 or ACX2100.
- Credit points
- 6
- Offered in 2027
- Semester 2
- Peninsula
- Assessment
- Exam 50%
- and 2 other tasks
- Workload
- 144 hours
- per semester
Reviews
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Requisites
Before ACB3120
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ACB3120
No unit lists ACB3120 as a prerequisite in the 2027 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 11 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit explores advanced financial accounting issues, allowing you to apply critical, problem solving, and teamwork skills to issues that are faced by corporations in the current, globalised environment. You will utilise a range of theories to assess accounting decisions, reporting practices and regulation in order to determine their impact on the complex and changing corporate environment. A number of contemporary accounting issues are addressed such as measurement, intangible assets, leases, and governance.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Exercise16%
- Project34%
- Examination50%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
apply advanced financial accounting principles, theories and techniques to evaluate contemporary issues
- 2
exercise critical thinking and problem-solving skills using a range of accounting theories, practices, and regulatory requirements to solve complex accounting problems and ethical dilemmas
- 3
apply communication skills in presenting well-reasoned solutions and insights relating to advanced global financial accounting issues
- 4
employ research skills to investigate emerging trends in advanced global financial accounting issues
- 5
assess relevant accounting frameworks and regulatory environments in a global context.
Workload and teaching
- Lectures12 hours
- Tutorials24 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
- Teaching approachResearch activities
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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
Learning resources
Required resources
Deegen, C., Financial Accounting, 9th edn. McGraw Hill.
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Where it fits
ACB3120 is part of 2 areas of study in the 2027 handbook.
Contacts
- Chief Examiners
- Cathy Cai
Common questions
What are the prerequisites for ACB3120?
You need ACB2120, ACC2100, ACF2100, ACW2120 or ACX2100 before you enrol. Enrolment rules also apply.
When is ACB3120 offered?
In 2027, ACB3120 runs in Semester 2 at Peninsula.
How much work is ACB3120?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACB3120 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 2 other tasks.
Which majors and minors include ACB3120?
ACB3120 is part of Accountancy.