Skip navigation to main content

You are here: UNE Home / Course and Unit Catalogue / 2010 / A-Z / AFM311

Sub sections:

Quick Search

Quick Links

Year:

AFM311 Advanced Financial Accounting

Updated: 11 March 2010
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study Online Level
Armidale Semester 1 Off Campus D - Comp/internet essential
Armidale Semester 1 On Campus D - Comp/internet essential
TOP Sydney Semester 1 On Campus D - Comp/internet essential
Intensive School(s)
Start Finish Attendance Notes
N/A N/A Non-Mandatory Intensive school has been cancelled.
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites AFM211
Co-requisites None
Restrictions AFM417
Notes None
Combined Units AFM417 - Advanced Financial Accounting
Coordinator(s) Omar Al Farooque (omaral.farooque@une.edu.au)
Unit Description

A unit of lectures and tutorials dealing with advanced issues in company accounting and financial reporting. Particular issues to be addressed will include: accounting for group structures and consolidation accounting procedures; equity accounting; joint ventures; operational segments; construction contracts; related party disclosure; foreign currency transactions and translation of foreign operations; financial instruments; corporate social responsibility.
Prescribed Material
Mandatory 		Text(s):

Note: Students are expected to purchase prescribed material

Australian Financial Accounting
ISBN: 9780070277748
Deegan, C., Irwin/McGraw-Hill 6th ed. 2009
Text refers to: Semester 1 and TOP Semester 1 , On and Off Campus
Recommended Material
Optional 		Text(s):

Note: Recommended material is held in the University Library - purchase is optional

Australian Accounting Standards
ISBN: 9780470818268
Picker R. and others, John Wiley 2nd ed. 2009
Text refers to: Semester 1 and TOP Semester 1 , On and Off Campus
Referenced Material
Optional 		Text(s):

Note: Reference material is held in the University Library - purchase is optional

Financial Reporting Handbook 2009
ISBN: 9780470820391
The Institute of Chartered Accountants in Australia, Wiley 2009
Note: Available from the Dixson Library, UNE
Text refers to: Semester 1 and TOP Semester 1 , On and Off Campus
2009 Accounting Handbook
ISBN: 9781442507685
CPA Australia, Prentice-Hall 2009
Note: Available from the Dixson Library, UNE
Text refers to: Semester 1 and TOP Semester 1 , On and Off Campus
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Title Exam Length Weight Mode No. Words
Assignment 1 15% On Campus TOP 1500
Assessment Notes
Practical exercises plus one essay question
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1, 2, 3 GA: 1, 2, 4, 6
Assignment 1 20% On/Off Campus 1500
Assessment Notes
Practical exercises plus one essay question
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1, 2 and 3 GA: 1, 2, 4 and 6
Assignment 2 20% On/Off Campus 2500
Assessment Notes
Practical exercises plus one essay question
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 3, 4 and 5 GA: 1, 2, 4 and 6
Assignment 2 15% On Campus TOP 2500
Assessment Notes
Practical exercises plus one essay question
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 3-5 GA: 1, 2, 4, 6
Tutorial 10% On Campus TOP
Assessment Notes
Participation
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-6 GA: 1, 2, 4, 6
Final Examination 2 hrs 60% On Campus TOP
Assessment Notes
Four practical exercises plus one essay question
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-6 GA: 1, 2, 4, 6
Final Examination 2 hrs 60% On/Off Campus
Assessment Notes
Four practical exercises plus one essay question
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1, 2, 3, 4, 5 and 6 GA: 1, 2, 4 and 6

Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. understand how to read and interpret contemporary corporate financial reports;
  2. prepare the following types of consolidated financial statements: Statement of Financial Position (Balance Sheet), Statement of Financial Performance (Profit and Loss);
  3. analyse corporate group structures and distinguish between subsidiary and associated entities and joint venture operations and entities;
  4. understand how to translate foreign currency denominated transactions and translations of foreign currency financial statements of foreign subsidiaries;
  5. understand how to account for, and disclose financial transactions and arrangements such as operating segments, construction contracts, related party transactions and financial derivatives;
  6. critically evaluate the process of corporate social responsibility, triple bottom line reporting and sustainability and their current state and status of reporting practice in Australia and elsewhere.

Graduate Attributes (GA)
Attribute Taught Assessed Practised
1 Knowledge of a Discipline
Through lectures, lecture materials etc. 		True True True
2 Communication Skills
 True True True
3 Global Perspectives
Through AASB and IFRS/IAS 		True
4 Information Literacy
 True True True
5 Life-Long Learning
Academic skills required for life-long learning are practiced through the assessment activities. 		True
6 Problem Solving
Through class exercises and tutorials 		True True True
7 Social Responsibility
Through Accounting Standards 		True
   

Email to a friend