Key facts
UNE unit code: AFM305
*You are viewing the 2025 version of this unit which may be subject to change in future.
- Trimester 1 - On Campus
- Trimester 1 - Online
- Trimester 2 - Online
- Armidale Campus
- Yes
- No
- Yes
- 6
Unit information
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Expand and deepen your understanding of topics underpinning Australian Accounting Standards Board (AASBs) standard, other regulations and statutory requirements, and disclosure by reporting entities, with this advanced accounting unit. With a focus on accounting for group structures, you will explore equity methods of accounting for associates and joint arrangements, operating segments and construction contracts.
You will also examine foreign currency transactions, translating financial statements of foreign operations, and financial instruments including derivatives and hedging.
Studying this unit will allow you to hone your practical skills solving complex business problems and preparing consolidated financial statements. You will also deepen your knowledge of corporate governance and corporate social responsibility reporting in the context of ethical and social issues.
Offerings
For further information about UNE's teaching periods, please go to Principal Dates.
Teaching period | Mode/location |
---|---|
Trimester 1 | On Campus, Armidale Campus |
Trimester 1 | Online |
Trimester 2 | Online |
*Offering is subject to availability
Intensive schools
There are no intensive schools required for this unit.
Enrolment rules
Notes
Please refer to the student handbook for current details on this unit.
Unit coordinator(s)
Learning outcomes
Upon completion of this unit, students will be able to:
- demonstrate a broad and coherent understanding of advanced issues in financial accounting with depth in corporate group structures and how to read and interpret/analyse contemporary group financial reports underpinning accounting standards, and apply to business-related contexts;
- demonstrate professional knowledge on preparing consolidation journals and worksheets, and consolidated statements of comprehensive income and financial position;
- demonstrate a broad and coherent understanding of a range of accounting issues related to accounting for associates and joint arrangements, operating segments, foreign currency transactions and translating foreign operations, financial instruments, and their recording in financial statements and disclosures;
- use a range of cognitive and communication skills to review, analyse, consolidate and synthesise relevant accounting information drawn from financial statements in order to demonstrate critical thinking and judgement in solving complex business-related problems;
- work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills in advanced financial accounting; and
- demonstrate a comprehensive understanding of corporate social responsibility and governance disclosure environments, and the ability to recognise, reflect on and respond to a range of ethical and social influences on them.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Title | Must Complete | Weight | Offerings | Assessment Notes |
---|---|---|---|---|
Assignment 1 | Yes | 20% | All offerings | Practical exercises and essay type question(s). No. Words: 2000 |
Assignment 2 | Yes | 20% | All offerings | Practical exercises plus essay type question(s). No. Words: 2000 |
Final Examination | Yes | 60% | All offerings | Multiple choice questions, practical exercises plus short essay type questions. Students are allowed to bring a recent 'Accounting or Financial Reporting Handbook' (published by CPA or ICAA) into the examination venue to use. Students must obtain at least 50% in the examination (and at least 50% overall) to receive a pass (or better) in the unit. |
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
Financial Accounting
ISBN: 9781743767382
Deegan, C., Irwin/McGraw-Hill 9th ed. 2020
Text refers to: All offerings
Note: Referenced material is held in the University Library — purchase is optional.
Financial Reporting
ISBN: 9780730369462
Loftus, J and Others., John Wiley 3rd ed. 2020
Text refers to: All offerings
Financial Reporting Handbook 2021 Australia
ISBN: 9780730392217
CAANZ, CAANZ 16th ed. 2021
Text refers to: All offerings
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Studying online
At UNE we know it takes more than just being online to be a great online university. It takes time and experience. We pioneered distance education for working adults back in the 1950s, so we’ve been doing this longer than any other Australian university.
We understand the challenges faced by busy adults studying at home. We know that a vital part of online study is your engagement with the learning community. Communication with your classmates, teaching staff and university support staff will enhance your study experience and ensure that your skills extend beyond the subject matter. UNE’s teaching staff are experts in their field which is why UNE consistently receives five stars from students for teaching quality, support and overall experience.*
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