AFC1021

Accounting principles ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Mr John Gerrand

Offered:
Clayton First semester 2006 (Day)

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%

Contact Hours: Two 1-hour lectures and one 1.5-hour tutorial per week

Prerequisites: This unit should only be taken by students who achieved a score of 40 or above in VCE Accounting (or equivalent Year 12 study)