Overview
This unit provides you with an introduction to financial accounting guided by the Conceptual Framework and Accounting Standards. Emphasis is placed on accounting processes, practices and policies that enable the financial statements to be prepared. You'll integrate theoretical and technical knowledge learned and exercise judgement to explore accounting issues.
Offerings
S1-01-PENINSULA-ON-CAMPUS
Requisites
Prohibition
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Dr Mahendra Goyal
Learning outcomes
On successful completion of this unit, you should be able to:
1.
identify and analyse measurement systems and their relationship with the accounting Conceptual Framework
2.
apply the principles of double-entry and accrual accounting
3.
describe and apply definitions and recognition criteria for assets, liabilities, incomes and expenses as specified in the Conceptual Framework
4.
apply principles of selected Accounting Standards and prepare financial statements for business entities including service and retail organisations
5.
develop the ability to work effectively in a team and/or independently; and demonstrate the development of skills in research judgement and oral communication.
Teaching approach
Active learning
Assessment
1 - Within semester assessment
2 - Examination
Scheduled and non-scheduled teaching activities
Lectures
Tutorials
Workload requirements
Workload
Learning resources
Required resources