Financial Accounting 3

Qualification: Undergraduate unit
Study mode: Online
Payment options: HECS-HELP may be available
FEE-HELP may be available
Duration: 13 weeks
Start date: Enquire now for upcoming start dates
Awarded by: University of South Australia
Course Unit A course unit is a single subject offered as part of a program of study, but can be completed individually. You may receive Recognition of Prior Learning for studying this unit.

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About this unit

Use this online Financial Accounting 3 unit to further build upon your accounting knowledge and financial expertise.

Delivered by Open Universities Australia in partnership with the University of South Australia, this unit is highly practical and provides a comprehensive overview of group financial reporting.

By completing the unit, students will be trained to prepare consolidated financial statements, engage in asset revaluation and impairment, carry out equity accounting and also oversee foreign currency transactions and translations.

Students complete the unit with a substantial body of knowledge and the professional skills to work on general purpose financial reports.

Enhance your accounting skills by enquiring today!

Eligibility

To be eligible to enrol in this unit, applicants must meet the following criteria:

AND

  • Either have completed, or be currently enrolled in the Financial Accounting 2 unit

Areas of study

In this accounting unit, the topics you will study include:

  • Accounting for non-current assets
  • Consolidations – introduction
  • Consolidations – consolidation process at date of acquisition
  • Consolidations – consolidation process subsequent to date of acquisition
  • Consolidations – inter-entity transactions
  • Consolidations – non-controlling interest
  • Accounting for associates
  • Foreign currency transactions and translations

Course pathways

This unit is a core requirement in the following course:

Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.

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Want more information about this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

OUA has done away with traditional semesters to give you the flexibility you need. Find out more.

How will this unit advance my career?

Accounting and finance students will benefit immensely from this hands-on unit in financial accounting. Upon completion of the unit, students will be able to:

  • Prepare general purpose financial reports in a way that considers the conceptual, statutory and professional requirements of reporting
  • Understand how alternative business structures affect the preparation of general purpose reports
  • Identify the ethical considerations and theoretical aspects related to non-statutory disclosures by reporting entities
  • Crtically analyse and synthesis information disclosed in general purpose financial reports

How else will I benefit from this unit?

  • Upon successful completion of this unit you will receive credit for competencies in Financial Accounting 3 from the University of South Australia.
  • Studying online means you can study where you want, at your own pace.
  • Gain industry-relevant skills and transferrable knowledge.
  • Government financial support through FEE-HELP or HECS-HELP is available.
  • Studying single units allows you the flexibility to work towards a qualification at your own pace.
  • Receive Recognition of Prior Learning (RPL) for this unit across a number of OUA’s full degree programs.

Get more information

Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

Financial assistance

If you are an Australian citizen you may be eligible to receive HECS-HELP or FEE-HELP for this unit, meaning you can defer payment of your fees.

Get more information

Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

You may be eligible to receive HECS-HELP or FEE-HELP for this course!

This course can be paid for through the HECS-HELP or FEE-HELP government loan schemes. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.

Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).

Find out more about government study loans here.
For two decades, Open Universities Australia (OUA) has partnered with leading Australian educators to make tertiary-level courses easier to access for people, no matter their background, their work status or their other life commitments. OUA has built up their reputation by making education more flexible, easier to tailor and available almost entirely online.

OUA's devotion to online education remains to this day, but where they once focused on higher education, today they offer the broadest set of post-secondary education and training programs in Australia.
Open Universities Australia offers a range of administrative and student support options. As a student of OUA you will have access to four hours of free expert tutoring support for each unit undertaken through the tutoring service SMARTHINKING. This on-demand service allows you to get fast, detailed feedback on your assignment drafts and gives you access to your tutor in real time.

The My OUA portal is an online student medium that allows you access to all your course and enrolment information as well as access to student forums and assessment tips.

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Get more information

Want more information about the career benefits of this course?
Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

FREE CALL 1800 063 523

Monday to Friday: 8am - late
Saturday and Sunday: 9am - 5pm

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