6 points, SCA Band 3, 0.125 EFTSL
Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
- First semester 2017 (Day)
- First semester 2017 (Evening)
- Second semester 2017 (Day)
- Second semester 2017 (Evening)
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.
The learning goals associated with this unit are to:
- 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
- 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.
Within semester assessment: 40% + Examination: 60%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
Students must be enrolled in one of the following courses before undertaking this unit: 0790, 3843, B6004, B6005 and B6011.
AFF9500, AFG9071, ACG5971, AFX9500