AFC1021

Accounting principles

(BUS)

Dr Paul Mather

6 points + Two 1-hour lectures and one 1.5-hour tutorial per week + First semester + Clayton + Prerequisite: A mark of 32 or better in VCE accounting or its equivalent

Synopsis: A conceptual framework for financial reporting; basic accounting procedures including transaction recording in journals and ledgers; balance day adjustments; methods of ensuring efficiency and control within the accounting information system; preparation of financial statements; the nature and preparation of cash flow statements; analysis and interpretation of short-term financial position.

Assessment: Written: 10% + Mid-semester test: 15% + Student presentation: 10% + Examination (3 hours): 65%