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AFC1021 - Accounting principles

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Mr John Gerrand


Clayton First semester 2007 (Day)


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.


The learning objectives of this unit are to:


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


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