Offered

Caulfield First semester 2008 (Day)
Caulfield Second semester 2008 (Day)
Caulfield Second semester 2008 (Evening)

Synopsis

Developing a conceptual and practical accounting framework for financial reporting through the process of collecting, analysing, classifying, presenting and interpreting financial information; developing financial reports for service and trading entities from both a manual and computer-based system.

Objectives

The learning objectives of this unit are to:

• explain and discuss generally accepted accounting principles, the accounting conceptual framework, and selected accounting standards;
• prepare financial reports for sole traders, partnerships and corporate entities;
• explain and evaluate internal controls that ensure the integrity of accounting systems;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting systems and procedures.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Contact hours

3 hours per week

Prerequisites

AFF1110

Prohibitions

AFC1030, AFW1002