Introductory accounting
Mr Roy Skinner
One 3-hour session per week * First semester * Clayton
Synopsis This is an introductory subject in accounting and assumes no previous knowledge of the area. The subject includes the following topics: accounting information systems; an introduction to the balance sheet and profit and loss statement; an accounting information sytstems approach to the double-entry recording process - transaction analysis, journals, ledgers; periodic profit measurement including balance day adjustments; depreciation; inventory; funds flows and cash flows; characteristics of various reporting entities (including partnerships, companies, government instrumentalities and government departments) and the accounting and reporting requirements for each type of entity; analysis and interpretation of financial statements.
Assessment Writen: 25% * Mid-semester test: 15% * Examination: 60%
Prescribed texts
Horngren C T and others Accounting, Prentice-Hall, 1992