Courses & Units

Advanced Financial Accounting BFA301


This unit is a compulsory unit 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 unit enhances the skills students will need to perform effectively in the workplace as a financial accountant.


Unit name Advanced Financial Accounting
Unit code BFA301
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Accounting and Accountability
Coordinator Doctor Claire Horner
Available as student elective? Yes
Delivered By University of Tasmania
Level Advanced


Location Study period Attendance options Available to
Hobart Semester 2 On-Campus Off-Campus International International Domestic Domestic
Launceston Accelerated Study Period 2 On-Campus Off-Campus International International Domestic Domestic
Cradle Coast Semester 2 On-Campus International Domestic


International students
Domestic students

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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.

Key Dates

Study Period Start date Census date WW date End date
Accelerated Study Period 2 23/5/2022 15/6/2022 7/7/2022 21/8/2022
Semester 2 11/7/2022 9/8/2022 29/8/2022 16/10/2022

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).

Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • 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.
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
080101 $1,828.00 $1,432.00 not applicable $2,702.00

1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.

If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.





AssessmentInvigilated Respondus Test (25%)|Exam (40%)|Business Combinations Project (35%)
TimetableView the lecture timetable | View the full unit timetable



You will need the following text [available from the Co-op Bookshop]:

Loftus, J, Leo, K, Daniliuc, S, Boys, N, Luke, B, Ang, HN, Byrnes, K (2018) Financial Reporting 2nd edn, John Wiley & Sons, Milton, Qld.

ALTERNATIVELY you may purchase an E-BOOK version of Loftus et al. (2018) from the publisher.   Go to Wiley Direct at


NOTE: This latest edition of Loftus et al. (2018) has combined interactive online activities in the textbook (i.e. the E-Text with additional online resources). This rich digital resource brings financial reporting to life with media such as videos, case studies, interactives and revision materials embedded at the point of learning.


ELECTRONIC READING DEVICE: If you choose to purchase an e-book you will need to bring a copy with you to class on your preferred electronic reading device. The e-book will be available for you to download onto 4 different devices (e.g. smart phone, ipad, tablet, laptop, etc.) and any tags or highlights you use on one device will be automatically updated on the others.

Even if you purchase the print version of the textbook, it will be very useful to also bring with you an electronic device (with internet capabilities) to class, as there will be many times when you will need to download and access information.


Chartered Accountants Financial Reporting Handbook (2019) CAANZ (Wiley)

PLEASE NOTE: You do not need to purchase a copy of the CAANZ Financial Reporting Handbook.  An electronic copy of ALL accounting standards is available online FREE from

LinksBooktopia textbook finder

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.