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AFC1030 - Introduction to financial accounting

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Dr Patty McNicholas


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


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.


The learning objectives of this unit are to:


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


AFC1021 or AFC1022