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
