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 2023. It needs ACX1100, ACC1100, ACF1100, ACB1120 or ACW1120 and unlocks 9 units.
- Credit points
- 6
- Offered in 2023
- Not offered
- Assessment
- Exam 40%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 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
9 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 provides an overview of the current Australian reporting and regulatory framework applicable to reporting entities including an analysis of significant accounting standards, the conceptual framework, and professional reporting requirements. Financial reporting issues associated with corporate structures such as company operations, taxation, property, plant, equipment and consolidated accounting are examined.
Offerings in 2023
The 2023 handbook lists no offerings for ACX2100.
Assessment
- Within semester assessment60%
- Examination40%
Learning outcomes
When you finish this unit, you should be able to:
- 1
explain the regulation of companies and the content of company financial reports
- 2
critically examine contemporary issues including sustainability in company reporting
- 3
apply accounting policies and regulatory requirements in the preparations and presentation of company reports
- 4
demonstrate the ability to interpret company reports and communicate effectively accounting advice
- 5
apply critical thinking, research, problem solving, communication skills to demonstrate accounting knowledge for 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 you apply your 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 you need to work together to examine, analyse and make decisions to resolve the situation.
This unit engages you in actively applying your 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
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
ACX2100 is part of 4 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Lisa Powell
Common questions
What are the prerequisites for ACX2100?
You need ACX1100, ACC1100, ACF1100, ACB1120 or ACW1120 before you enrol.
What can I take after ACX2100?
ACX2100 is a prerequisite or corequisite for 9 units, including ACB3120, ACB3620, ACC3100, ACC3600, ACF3100 and ACF3600.
When is ACX2100 offered?
ACX2100 has no offerings listed in the 2023 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 40% of the final mark, alongside 1 other task.
Which majors and minors include ACX2100?
ACX2100 is part of Accountancy and Accounting.