Accounting
Mr Paul Mather and Mr Alan Ramsay
6 points * One 3-hour session per week * First, second, summer semester * Clayton, city * Prohibitions: AAF102/2 or AAF1031/2 or equivalents
Synopsis This subject promotes an understanding of accounting principles and their implications for the nature and quality of information produced by the accounting information system. It is not designed to prepare students for careers as professional accountants and assumes no prior knowledge of accounting. Two-thirds of the subject is devoted to a study of financial accounting; a substantial element being concerned with the analysis and interpretation of financial accounting information as an aid to decision making and the development of tools for using accounting information to evaluate the performance and financial position of business organisations. One-third of the subject is concerned with management accounting. This section of the subject attempts to develop a student's understanding of cost accounting concepts and systems and to understand how the information produced by costing systems can be used for budgeting, short-run decisions, control of operating activities and performance evaluation.
Assessment Examination (3 hours): 60% * Written (2000-3000 words): 40%