AFC1030

Introductory financial accounting

(BUS)

Associate Professor Alan Ramsay

6 points + Two 1-hour lectures and one 1.5-hour tutorial per week + Second semester + Clayton + Prerequisite: AFC1020 or AFC1022

Synopsis: A conceptual framework for accounting; definition and recognition of assets, liabilities, equity, revenues and expenses (including inventory valuation, depreciation and non-current assets); form and content of published general purpose financial reports; price-level accounting, alternative accounting measurement systems; analysis and interpretation of financial statements.

Assessment: Essay (1000 words): 20% + Class presentation: 20% + Research paper on a relevant topic (5000-6000 words): 60%