Units / ACB2120
ACB2120 · Financial accounting 2
2027 Handbook6 credit pointsLevel 2Department of Accounting
Overview
This unit examines the current Australian reporting and regulatory framework for reporting entities. It covers key accounting standards and reporting requirements, including financial reporting issues related to business combinations, taxation, asset revaluation and impairment, consolidated financial statements, business ethics, and sustainability reporting.
Offerings
| Campus | Teaching period | Mode |
|---|---|---|
| Peninsula | First semester | Teaching activities are on-campus (ON-CAMPUS) |
Assessment
The Handbook lists an examination for this unit.
| # | Assessment | Type | Weight | Hurdle |
|---|---|---|---|---|
| 1 | 1 - Exercise | Exercise | 30% | — |
| 2 | 2 - Written | Written | 20% | — |
| 3 | 3 - Examination | Examination | 50% | — |
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Requisites
prerequisite
Learning outcomes
- apply financial accounting principles, professional judgment and regulatory standards in the preparation and interpretation of general-purpose financial statements
- exercise critical thinking and problem-solving skills in addressing complex financial reporting issues, including non-current asset revaluation and impairment, accounting for income tax, and group structures and investments in other entities
- practice effective communication skills with clarity and professionalism when analysing and presenting financial information to diverse stakeholders
- evaluate sustainability, social, and environmental reporting frameworks that promote transparency, accountability, and responsible business practices in financial reporting
- exercise an inclusive mindset that embeds equity, diversity, and inclusion in business practices by incorporating differing perspectives, skills, and abilities in financial accounting contexts.
Workload
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
| Activity | Duration |
|---|---|
| Lectures | 12 hours |
| Tutorials | 24 hours |
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