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 and Accountability |
| Coordinator | Doctor Claire Horner |
| 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 | 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 | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
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).
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 | $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.
Requisites
Prerequisites
BFA201Teaching
| Assessment | Invigilated Respondus Test (25%)|Exam (40%)|Business Combinations Project (35%) |
|---|---|
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
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 http://www.wileydirect.com.au/buy/financial-reporting-2nd-edition/
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. |
|---|---|
| Recommended | 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 http://www.aasb.gov.au/. | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.