Enrolments for 2022 have closed.
Advanced Financial Accounting
Undergraduate | TAS-BFA301 | 2022
Course information for 2022 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
HECS-HELP and FEE-HELP available
Advanced Financial Accounting
About this subject
Upon completion of this subject, the student should be able to:
- Integrate theoretical and technical accounting knowledge and skills for combined business entities.
- Analyse and apply theoretical frameworks to critically evaluate contemporary and emerging accounting issues for combined business entities.
- Communicate in a formal and professional manner, using both oral and written formats.
- Business Combinations
- Consolidation 1: Controlled entities
- Consolidation 2: Wholly owned subsidiaries
- Consolidation 3: Intra-group transactions
- Consolidation 4: Non-controlling interests
- Cash Flow Statements
- Translation of the financial statements of foreign entities
- Associates and joint ventures
- Joint Arrangements
This subject is a compulsory subject in the accounting major as part of the accredited program and expands the skill, knowledge and understanding students have gained in BFA201 Financial Accounting. It integrates the theory and practice of financial accounting in relation to combined business entities. Students will critically evaluate professional and ethical decision making while applying International Financial Reporting Standards to prepare consolidated accounts and group reports. The consideration of the issues and techniques in this subject enhances the skills students will need to perform effectively in the workplace as a financial accountant.
- Invigilated Respondus Test (25%)
- Business Combinations Project (35%)
- Exam (40%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- TAS-BAC-DEG-2022 - Bachelor of Business (Accounting)
Elective
- TAS-BEC-DEG-2022 - Bachelor of Business and Bachelor of Economics
- TAS-BPS-DEG-2022 - Bachelor of Business and Bachelor of Psychological Science
- TAS-BBS-DEG-2022 - Bachelor of Business and Bachelor of Science
Prior study
You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:
Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s).
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Undergraduate
TAS-BAC-DEGUndergraduate
TAS-BEC-DEGUndergraduate
TAS-BPS-DEGUndergraduate
TAS-BBS-DEG