AFW1002 - Introductory accounting B

Leader: Ms Ellinor Allen

Offered

Berwick First semester 2007 (Day)
Berwick Second semester 2007 (Day)
Gippsland First semester 2007 (Off-campus)
Gippsland Second semester 2007 (Day)
Gippsland Second semester 2007 (Off-campus)
Hong Kong Second semester 2007 (Off-campus)
Malaysia First semester 2007 (Day)
Malaysia Second semester 2007 (Day)
Malaysia Summer semester A 2007 (Day)
Peninsula Second semester 2007 (Day)
Singapore First semester 2007 (Off-campus)
Singapore Second semester 2007 (Off-campus)
South Africa First semester 2007 (Day)
South Africa Second semester 2007 (Day)

Synopsis

An overview of historical cost accounting and a consideration of alternative accounting measurement systems; the time value of money; and the role of computers within an accounting information system. The definitions and recognition criteria of the conceptual framework will be considered on an issue basis for all of the elements (assets, liabilities, equity, revenue and expenses). Issues will arise in regard to the recognition of all elements. Accounting for business structures in a partnership and company form will be considered: as will the interpretation and analysis of financial information.

Objectives

The learning objectives of this unit are to:

• describe the definitions and recognition criteria for assets, liabilities, equity, income and expenses;
• evaluate and compare alternative measurement systems;
• demonstrate how the analysis and interpretation of accounting information can assist in making investment and financing decisions;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting.

Assessment

Project assignments: 30%
Examination (3 hours): 70%

Contact hours

3 class hours per week

Prerequisites

AFW1001 or equivalent