ACF3100 Advanced financial accounting
Faculty of Business and Economics
ACF3100 Advanced financial accounting is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 and Semester 2 at Caulfield. It needs ACW2120, ACB2120, ACX2100, ACC2100 or ACF2100.
- Credit points
- 6
- Offered in 2022
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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Requisites
Before ACF3100
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ACF3100
No unit lists ACF3100 as a prerequisite in the 2022 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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, building on knowledge and skills gained in earlier units in financial accounting. A range of theories used to assess accounting decisions, reporting practices and regulation are examined. The unit focuses on a number of contemporary accounting issues including: measurement, intangible assets, financial instruments, foreign currency transactions and integrated reporting.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment50%
- ExaminationThreshold hurdle50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
examine contemporary financial accounting issues
- 2
apply a range of theories of accounting to explain accounting practices and appreciate the judgements, estimation and assumptions influencing accounting numbers
- 3
critically assess and appreciate changing influences in standard setting and regulatory requirements
- 4
apply judgement, communication and problem solving skills to deal with advanced financial accounting issues.
Workload and teaching
- Lectures18 hours
- Tutorials18 hours
- Teaching approachProblem-based learning
- Teaching approachActive 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. 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.
This unit includes problem-based learning approaches, where students 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 engages students in actively applying their knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit allows students to develop their research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
Learning resources
Required resources
City campus:
Deegan, C. (2016). Financial Accounting (8th Ed.). North Ryde, NSW: McGraw Hill.
CAANZ (2020). Australia Financial Reporting Handbook 2020 authored by Chartered Accountants Australia New Zealand (CAANZ) and published by John Wiley & Sons Australia Ltd, Milton, Queensland, 4064.
Technology resources
The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).
Where it fits
ACF3100 is part of 2 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Dr Jongwon Park
- Dr Richard Pucci
Common questions
What are the prerequisites for ACF3100?
You need ACW2120, ACB2120, ACX2100, ACC2100 or ACF2100 before you enrol. Enrolment rules also apply.
When is ACF3100 offered?
In 2022, ACF3100 runs in Semester 1 and Semester 2 at Caulfield.
How much work is ACF3100?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACF3100 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ACF3100?
ACF3100 is part of Accounting.