AFC1030

Introduction to financial accounting ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Dr Patty McNicholas

Offered:
Berwick First semester 2006 (ESP-EC)
Clayton First semester 2006 (Day)
Berwick Second semester 2006 (ESP-EC)
Caulfield Second semester 2006 (ESP-EC)
Clayton Second semester 2006 (Day)
Clayton Second semester 2006 (ESP-EC)

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: Mid-semester test: 10% + Assignments: 15% + Tutorial preparation and presentation: 10% + Final examination (3 hours): 65%

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

Prerequisites: AFC1021 or AFC1022