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 2020 in Semester 2 at Peninsula. It needs ACF2100, ACW2120, ACC2100 or ACB2120.
- Credit points
- 6
- Offered in 2020
- Semester 2
- Peninsula
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ACB3120
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ACB3120
No unit lists ACB3120 as a prerequisite in the 2020 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Financial accounting topics covered by this unit include: Australian accounting standards, institutional setting and the conceptual framework; accounting for leases; accounting for employee benefits; accounting for financial instruments; cash flow reporting; segment reporting; accounting for EPS; accounting for extractive industries; accounting for agriculture; financial reporting in the public sector; foreign currency translation; and social and environmental reporting.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
acquire advanced knowledge of the conceptual framework and disclosure requirements in accordance with the accounting standards and the statutory laws
- 2
develop an improved understanding of how professional policies are formulated in preparation of accounting for various financial accounting issues with particular reference to current practice
- 3
develop critical skills in written communication and problem analysis through the completion of comprehensive assignment exercise and /or essays
- 4
develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds
- 5
demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB3120.
Workload and teaching
- Lectures18 hours
- Tutorials18 hours
- Teaching approachPeer assisted learning
- Teaching approachProblem-based learning
- Teaching approachActive learning
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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Active discussions in tutorials and group presentations
Learning resources
Required resources
Prescribed Software:MYOB Essentials a cloud based accounting software available FREE for 30 days.
Where it fits
ACB3120 is part of 2 areas of study in the 2020 handbook.
Contacts
- Chief Examiners
- Dr Mahendra Goyal
Common questions
What are the prerequisites for ACB3120?
You need ACF2100, ACW2120, ACC2100 or ACB2120 before you enrol.
When is ACB3120 offered?
In 2020, 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 1 other task.
Which majors and minors include ACB3120?
ACB3120 is part of Accountancy.