ACW3120 Financial accounting 3
Faculty of Business and Economics
ACW3120 Financial accounting 3 is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 1 and Semester 2 at Malaysia. It needs ACF2100, ACW2120, ACB2120 or ACC2100 and unlocks 1 unit.
- Credit points
- 6
- Offered in 2024
- Semester 1, Semester 2
- Malaysia
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
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Requisites
Before ACW3120
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ACW3120
1 unit list ACW3120 as a prerequisite or corequisite.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit covers advanced practical accounting issues and the recommended accounting treatment prescribed by the underlying theories and conceptual framework of accounting. The extended knowledge of the regulatory bodies and the views of the accounting profession are blended into the contents of the unit.
Offerings in 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Malaysia | On campus |
| Second semester | Malaysia | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
critically analyse how standard setting procedures and theories of regulation are formulated and their contribution to financial reporting globally
- 2
apply the definition and recognition criteria for elements of financial statements and examine the associated issues
- 3
apply accounting standards and the conceptual framework in the preparation and presentation of financial statements and the capital market
- 4
examine contemporary financial accounting issues
- 5
apply critical thinking, problem solving and presentation skills in dealing with advanced reporting issues and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW3120.
Workload and teaching
- Tutorials24 hours
- Teaching approachActive learning
- Teaching approachWork-integrated 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. 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 provides you with the opportunity to engage in work-integrated learning to incorporate professional and industry experience into your studies.
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
ACW3120 is part of 1 area of study in the 2024 handbook.
Contacts
- Chief Examiners
- Dr Khakan Najaf
Common questions
What are the prerequisites for ACW3120?
You need ACF2100, ACW2120, ACB2120 or ACC2100 before you enrol.
What can I take after ACW3120?
ACW3120 is a prerequisite or corequisite for 1 unit, including ACW3900.
When is ACW3120 offered?
In 2024, ACW3120 runs in Semester 1 and Semester 2 at Malaysia.
How much work is ACW3120?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACW3120 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ACW3120?
ACW3120 is part of Accountancy.