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 2025 in Semester 2 at Peninsula. It needs ACF2100, ACW2120, ACX2100, ACC2100 or ACB2120.
- Credit points
- 6
- Offered in 2025
- Semester 2
- Peninsula
- Assessment
- Exam 40%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2025 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.
After ACB3120
No unit lists ACB3120 as a prerequisite in the 2025 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, sustainability and corporate social responsibility.
Offerings in 2025
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Exercise16%
- Project44%
- Examination40%
Learning outcomes
When you finish this unit, you should be able to:
- 1
evaluate contemporary financial accounting issues
- 2
apply a range of theories to explain accounting practices and show an understanding of the judgements, estimations and assumptions influencing accounting numbers
- 3
critically assess changing influences in standard setting and regulatory requirements
- 4
apply judgement, communication, research and problem-solving skills to deal with advanced financial accounting issues
- 5
contribute effectively to and reflect critically on teamwork
Workload and teaching
- Tutorials24 hours
- Lectures12 hours
- Teaching approachActive learning
- Teaching approachResearch activities
- Teaching approachProblem-based 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. 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 allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
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.
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 2025 handbook.
Contacts
- Chief Examiners
- Cathy Cai
Common questions
What are the prerequisites for ACB3120?
You need ACF2100, ACW2120, ACX2100, ACC2100 or ACB2120 before you enrol. Enrolment rules also apply.
When is ACB3120 offered?
In 2025, 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 40% of the final mark, alongside 2 other tasks.
Which majors and minors include ACB3120?
ACB3120 is part of Accountancy.