Monash University Handbook 2010 Postgraduate - Unit

Synopsis

This unit provides students with an introduction to accounting and an understanding of the preparation, presentation and interpretation of financial statements. In particular, emphasis is placed on accounting processes, practices and policies that enable the financial performance and financial position of an entity, as displayed by the balance sheet, income statement and statement of cash flows, to be measured, analysed and interpreted.

Objectives

Our students will:

• analyse and record accounting transactions and events, and produce financial statements consistent with the accounting conceptual framework and accounting standards
• appraise the relative merits of accrual and cash accounting
• prepare special journals as they relate to cash and the periodic and perpetual inventory recording systems
• critically evaluate an entity's financial position and performance and
• demonstrate effective individual technical skills to construct accounting records and financial statements for a unique business; and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by the unit.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Dean Hanlon

Contact hours

3 hours per week

Co-requisites

Students must be enrolled in course: 0790, 0826, 4402 or 3843

Prohibitions

AFF9500, AFG9071