ACX2100 Financial accounting
Faculty of Business and Economics
ACX2100 Financial accounting is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2022. It needs ACX1100, ACC1100, ACF1100, ACW1120 or ACB1120 and unlocks 8 units.
- Credit points
- 6
- Offered in 2022
- Other periods
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ACX2100
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ACX2100
8 units list ACX2100 as a prerequisite or corequisite.
- ACB3120Financial accounting 3No reviews yet
- ACB3620 Assurance and audit servicesNo reviews yet
- ACC3100Advanced financial accountingNo reviews yet
- ACC3600Auditing and assuranceNo reviews yet
- ACF3100Advanced financial accountingNo reviews yet
- ACF3600Auditing and assuranceNo reviews yet
- ACX3150Financial analysis and valuationNo reviews yet
- ACX3500International study program in accountingNo reviews yet
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit examines financial accounting issues associated with the operation of corporate structures. Topics include financial reporting requirements, financing company operations, business combinations, the nature of corporate groups, the preparation of consolidated financial statements and financial statement analysis.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| November teaching period | Caulfield | Block on |
Assessment
- Within semester assessment50%
- ExaminationThreshold hurdle50%
Learning outcomes
When you finish this unit, you should be able to:
- 1explain the regulation of companies and the content of company financial reports
- 2
critically examine current issues and disclosure requirements in financial reporting
- 3
apply accounting standards and the conceptual framework in the preparation and presentation of financial reports for consolidated entities
- 4
demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment, acquisitions, group accounting and financial statement analysis
- 5
apply critical thinking, research, problem solving and written and oral communication skills to demonstrate the acquisition of a comprehensive understanding of the topics covered by this unit.
Workload and teaching
- Tutorials18 hours
- Lectures18 hours
- Teaching approachCase-based teaching
- 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.
This unit includes case-based teaching, where students apply their knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but students need to work together to examine, analyse and make decisions to resolve the situation.
This unit engages students in actively applying their knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Required resources
Leo, K., Knapp, J., McGowan, S., & Sweeting, J. (2018). Company accounting (11th ed.). Milton,
Qld: John Wiley & Sons.
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
ACX2100 is part of 4 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Ms Ellinor Allen
Common questions
What are the prerequisites for ACX2100?
You need ACX1100, ACC1100, ACF1100, ACW1120 or ACB1120 before you enrol.
What can I take after ACX2100?
ACX2100 is a prerequisite or corequisite for 8 units, including ACB3120, ACB3620, ACC3100, ACC3600, ACF3100 and ACF3600.
When is ACX2100 offered?
ACX2100 has no offerings listed in the 2022 handbook.
How much work is ACX2100?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACX2100 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ACX2100?
ACX2100 is part of Accountancy and Accounting.