UnitLevel 2Undergraduate

ACW2120 Financial accounting 2

Faculty of Business and Economics

ACW2120 Financial accounting 2 is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 and Semester 2 at Malaysia. It needs ACC1100, ACF1100, ACB1120 or ACW1120 and unlocks 11 units.

Credit points
6
Offered in 2022
Semester 1, Semester 2
Malaysia
Assessment
Exam 60%
and 1 other task
Workload
144 hours
per semester

This is the 2022 handbook entry. See the 2027 entry.

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Requisites

Overview

This unit covers International Financial Reporting Standards applicable to reporting entities including an analysis of significant accounting standards, professional reporting requirements and stock exchange requirements. Accounting for corporate groups and issues in financial reporting are also explored.

Offerings in 2022

Teaching periodCampusMode
First semesterMalaysiaOn campus
Second semesterMalaysiaOn campus

Assessment

  • Within semester assessment
    40%
  • ExaminationThreshold hurdle
    60%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    explain the nature and regulation of companies

  2. 2

    apply accounting standards and the framework in the preparation and presentation of financial statements for both single and consolidated entities

  3. 3

    demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment (acquisition and impairment), and group accounting

  4. 4

    examine contemporary financial accounting issues

  5. 5

    apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW2120.

Workload and teaching

  • Teaching approachActive learning
  • 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. 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 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.

Where it fits

ACW2120 is part of 2 areas of study in the 2022 handbook.

Contacts

Chief Examiners
Dr Norita Nasir

Common questions

What are the prerequisites for ACW2120?

You need ACC1100, ACF1100, ACB1120 or ACW1120 before you enrol.

What can I take after ACW2120?

ACW2120 is a prerequisite or corequisite for 11 units, including ACB3120, ACB3620, ACC3100, ACC3600, ACF3100 and ACF3600.

When is ACW2120 offered?

In 2022, ACW2120 runs in Semester 1 and Semester 2 at Malaysia.

How much work is ACW2120?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ACW2120 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 1 other task.

Which majors and minors include ACW2120?

ACW2120 is part of Accountancy.

More details

Credit points
6
Level
2
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Accounting
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Not available