Financial Accounting 3

Course aim

To extend students’ understanding of corporate accounting and reporting requirements and related issues.

Course content

Overview of the financial reporting environment. Revenue – related accounting and disclosure issues. Accounting for employee benefits. Financial Instruments – classification and disclosures. Alternative Business Structures: introduction to consolidated entities. Consolidations: the economic entity, preparation of consolidated financial statements including goodwill/discount on acquisition and the elimination of inter-entity transactions and balances. Non-controlling interests and equity accounting.

Textbook(s)

ICAA, CA Financial Reporting Handbook, Latest edition, John Wiley, Sydney

Leo, K., Hoggett, J and Sweeting, J 2012, Company Accounting, 9th edn, John Wiley, Sydney

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ACCT 1006	Financial Accounting 1
ACCT 1008	Accounting for Business
ACCT 2005	Financial Accounting 2

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Lecture	1.5 hours x 13 weeks
Tutorial	1.5 hours x 13 weeks
INTERNAL, MT GAMBIER
Lecture	1.5 hours x 13 weeks
Tutorial	1.5 hours x 13 weeks
INTERNAL, WHYALLA
Lecture	1.5 hours x 13 weeks
Tutorial	1.5 hours x 13 weeks
EXTERNAL, CITY WEST, DISTANCE EDUCATION
External	N/A x 13 weeks
INTERNAL, OFFSHORE, HONG KONG BAPTIST UNIVERSITY
Lecture	2.5 hours x 8 days
Tutorial	10 hours x across 14 weeks
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Lecture	2 hours x 14 weeks
Tutorial	2 hours x 13 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Essay, Written examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.