Courses & Units

Advanced Financial Accounting BFA301

Introduction

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.

Summary

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
Coordinator	Doctor Jing Jia\|Doctor Steven Burch
Available as an elective?	Yes
Delivered By	University of Tasmania
Level	Advanced

Availability

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

Key

: On-campus
: Off-Campus
: International students
: Domestic students

Note

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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	27/5/2024	19/6/2024	11/7/2024	25/8/2024
Semester 2	22/7/2024	16/8/2024	9/9/2024	27/10/2024

* 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 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. 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.

Fee Information

Field of Education	Commencing Student Contribution ^1,3	Grandfathered Student Contribution ^1,3	Approved Pathway Course Student Contribution ^2,3	Domestic Full Fee ⁴
080101	$2,040.00	$1,597.00	not applicable	$2,979.00

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.

Teaching

Assessment	Invigilated Respondus Test (25%)\|Business Combinations Project (35%)\|Exam (40%)
Timetable	View the lecture timetable \| View the full unit timetable

Textbooks

Required	The required textbook for this unit is Financial Reporting, 3rd Edition. You must have access to this resource prior to the start of the semester. Loftus, J, Leo, K, Daniliuc, S, Boys, N, Luke, B, Ang, HN, Byrnes, K (2020) Financial Reporting 3rd edn, John Wiley & Sons, Milton, Qld. The required resource is available in multiple formats and options: • The e-text can be accessed for only $6.95 per month via Wiley Business Now. • The printed textbook and e-text can be purchased for $80 from WileyDirect: https://www.wileydirect.com.au/buy/financial-reporting-3rd-edition/. Your Wiley Business Now subscription can also be purchased here. • The printed textbook can be purchased via campus bookstores or most online retailers (Zookal, Booktopia, Amazon etc.) • If purchasing internationally, please search for your title on wiley.com and update your location in the upper right-hand corner. NOTE: This latest edition of Loftus et al. (2020) 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.
Recommended	Chartered Accountants Financial Reporting Handbook (2021) 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 http://www.aasb.gov.au/.
Links	Booktopia textbook finder

Required

The required textbook for this unit is Financial Reporting, 3rd Edition. You must have access to this resource prior to the start of the semester.

Loftus, J, Leo, K, Daniliuc, S, Boys, N, Luke, B, Ang, HN, Byrnes, K (2020) Financial Reporting 3rd edn, John Wiley & Sons, Milton, Qld.

The required resource is available in multiple formats and options:

• The e-text can be accessed for only $6.95 per month via Wiley Business Now.
• The printed textbook and e-text can be purchased for $80 from WileyDirect: https://www.wileydirect.com.au/buy/financial-reporting-3rd-edition/. Your Wiley Business Now subscription can also be purchased here.
• The printed textbook can be purchased via campus bookstores or most online retailers (Zookal, Booktopia, Amazon etc.)
• If purchasing internationally, please search for your title on wiley.com and update your location in the upper right-hand corner.

NOTE: This latest edition of Loftus et al. (2020) 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.

Recommended

Chartered Accountants Financial Reporting Handbook (2021) 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 http://www.aasb.gov.au/.

Links

Booktopia textbook finder

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