ACFI2011
10 units
2000 level
Course handbook
Description
Financial Accounting for Reporting Entities develops two main themes for students. Firstly, it introduces various theoretical models of accounting and accounting policy choice and secondly it investigates selected applied issues in financial accounting. Students develop extended accounting knowledge and skills, analysing multiple sources of information to support their accounting outcomes and conclusions.
Availability2024 Course Timetables
Singapore PSB
- Trimester 1 - 2024 (Singapore)
- Trimester 2 - 2024 (Singapore)
- Trimester 3 - 2024 (Singapore)
Ourimbah
- Semester 1 - 2024
Newcastle City Precinct
- Semester 1 - 2024
- Semester 2 - 2024
Learning outcomes
On successful completion of the course students will be able to:
1. Identify the theoretical constructs of contemporary financial accounting
2. Demonstrate selected accounting standards, including the ability to apply such standards in appropriate circumstances
3. Investigate and evaluate issues surrounding contemporary accounting controversies
4. Analyse, evaluate and synthesise both quantitative and qualitative information to inform accounting practice, choice and decision
Content
The topics in this course include the following:
1. Theories of Financial Accounting including the Conceptual Framework
2. Accounting for Assets
3. Accounting for Liabilities
4. Revenue Recognition
5. Accounting for Leases
6. Accounting for Extractive Industries
7. Preparation of External Financial Reports inlcuding Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Financial Postion and Statement of Cash Flows
8. Other Disclosure Issues
Requisite
Students must have successfully completed ACFI1002. If you have successfully completed ACFI2002, you cannot enrol in this course.
Assessment items
Quiz: Mid Semester Quiz
Written Assignment: Preparation of Financial Statements
Formal Examination: Final Examination
Contact hours
Trimester 1 - 2024 (Singapore) - Singapore PSB
Integrated Learning Session-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Semester 1 - 2024 - Ourimbah
Integrated Learning Session-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Semester 1 - 2024 - Newcastle City Precinct
Integrated Learning Session-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Trimester 2 - 2024 (Singapore) - Singapore PSB
Integrated Learning Session-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Trimester 3 - 2024 (Singapore) - Singapore PSB
Integrated Learning Session-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Semester 2 - 2024 - Newcastle City Precinct
Integrated Learning Session-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Course outline
- ACFI2011 - Semester 1, 2024 (Centralcst) (PDF, 244.4 KB)
- ACFI2011 - Semester 1, 2024 (Ncle) (PDF, 244.4 KB)
- ACFI2011 - Trimester 1, 2024 (Naihes) (PDF, 250.4 KB)
- ACFI2011 - Trimester 2, 2024 (Psb) (PDF, 236.3 KB)
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