AFC1022 - Accounting principles

Leader: Mr John Gerrand

Offered

Clayton First semester 2007 (Day)
Clayton Second semester 2007 (Day)

Synopsis

As for AFC1021.

Objectives

The learning objectives of this unit are to:

• describe the elements of financial reports;
• apply double entry recording and prepare financial reports for service and trading firms;
• describe internal control procedures;
• analyse and interpret financial information and explain its use for decision making;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting.

Assessment

Assignments: 35%
Examination (3 hours): 65%

Contact hours

Two 1-hour lectures and one 1.5-hour tutorial per week

Prerequisites

This unit should be taken by all students who have not achieved a score of 40 or above in VCE Accounting (or equivalent).