Overview
This unit is designed for you if you are undertaking the accounting major. It will provide an introduction to financial accounting guided by the Conceptual Framework and Accounting Standards. Emphasis is placed on accounting processes, practices and policies that enable financial statements to be prepared. You will integrate theoretical and … For more content click the Read More button below.
Offerings
S1-01-CLAYTON-ON-CAMPUS
S2-01-CLAYTON-ON-CAMPUS
Requisites
Prohibition
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Ms Chenlan Song
Dr Christofer Adrian
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.
apply critical thinking, problem solving, and communication skills within corporate financial reporting topics.
Teaching approach
Problem-based learning
Active learning
Case-based teaching
Assessment
1 - Within semester assessment
2 - Examination
Scheduled and non-scheduled teaching activities
Lectures
Tutorials
Workload requirements
Workload
Learning resources
Required resources
Technology resources
Other unit costs
Costs are indicative and subject to change.
Electronics, calculators and tools: $40