AFC1000 - Principles of accounting and finance

Leader(s): Mr John Gerrand

Offered

Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)

Synopsis

Topics covered include the accounting equation, general purpose financial reports, cash and accrual accounting, adjustments, financial statement analysis, interpreting information for managers to use in planning, decision making and control, financial mathematics, capital budgeting and investments.

Objectives

The learning goals associated with this unit are to:

• describe the elements of financial reports, apply double entry recording and prepare basic financial reports
• analyse and interpret financial reports and explain their use for decision making
• interpret information (financial and non-financial) for managers to use in planning, decision making and control
• use net present value to make capital budgeting and investment decisions
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles.

Assessment

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

Contact hours

Two 1-hour lectures and one 1.5-hour tutorial

Prohibitions

AFC0121, AFC1022, AFF1000, AFF1110, AFW1000, AFW1001