ACCT 1006 ACCOUNTING AND FINANCIAL MANAGEMENT

ACCT 1006 ACCOUNTING AND FINANCIAL MANAGEMENT

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UNIT OF STUDY

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Accounting and Financial Management is an introduction to financial reporting, and the gateway unit to further study in accounting leading to a major in accounting. This unit builds upon the accounting context, presented in BUSS1030 Accounting, Business and Society, with the aim of developing the technical skills of recording basic business transactions through accounting systems. In addition to this technical focus, specific attention will be given to the way in which the accounting information can be used to undertake financial management and analysis, to give students the ability to produce and interpret financial reports.

Course aim

This course aims to provide the foundational framework of financial accounting, so that a student can progress to a major study of the discipline by ensuring the student has an integrated understanding of fundamental accounting systems and the accounting cycle that can be applied to various entities. Students will experience and apply a variety of accounting processes influenced by the accounting standards and conceptual framework and be exposed to some of the fundamental theoretical and conceptual issues surrounding the practice of financial accounting.

Course content

Confirmation and expansion of the knowledge pertaining to the complete accounting cycle with emphasis on the design and implementation of double entry accounting systems as applied to manual and computerised formats. An introduction to the financial reporting environment including an introductory exposure to various accounting standards used in financial accounting. An introductory investigation of the practical, theoretical and ethical issues underlying the application of accounting standards with particular reference to the acquisition, depreciation and disposal of Non-Current Assets, Inventories, Accounts Receivable and Cash.

some related links:

acc3ud Auditing

Teaching method

Component	Duration
Internal, City West
Workshop	2.5 hours x 10 weeks
Lecture	1 hour x 1 week
Internal, City West, (intensive)
Workshop	24 hours x N/A
Internal, M2 Education (Singapore) Pte Ltd, Offshore
Workshop	2.5 hours x 10 weeks
External, City West
External	2.5 hours x 10 weeks
External, City West, (intensive)
External	24 hours x N/A

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Task	Length	Weighting	Duration
Internal, City West
Continuous assessment	800 words	20%	N/A
Assignment	1100 words	15%	NA
Practical	1100 words	15%	NA
Examination	NA	50%	3 hours
Internal, City West, (intensive)
Continuous assessment	800 words	20%	N/A
Assignment	1100 words	15%	NA
Practical	1100 words	15%	NA
Examination	NA	50%	3 hours
Internal, M2 Education (Singapore) Pte Ltd, Offshore
Continuous assessment	800 words	20%	N/A
Assignment	1100 words	15%	NA
Practical	1100 words	15%	NA
Examination	NA	50%	3 hours
External, City West
Continuous assessment	800 words	20%	N/A
Assignment	1100 words	15%	NA
Practical	1100 words	15%	NA
Examination	NA	50%	3 hours
External, City West, (intensive)
Continuous assessment	800 words	20%	N/A
Assignment	1100 words	15%	NA
Practical	1100 words	15%	NA
Examination	NA	50%	3 hours

 

Fees

EFTSL*: 0.1250

Commonwealth Supported program (Band 3)

To determine the fee for this course as part of a Commonwealth Supported program, go to:
How to determine your Commonwealth Supported course fee. (Opens new window)

Fee-paying program for domestic and international students

International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment

Non-award tuition fees are set by the Division offering the course. To determine the cost of this course, go to:

How to determine the relevant non award tuition fee. (Opens new window)

Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation

Course coordinator(s)

·         Mr Scott Copeland

·         Mr Chris Kandunias

Course snapshot

Area/catalogue: ACCT 1006

Course ID: 012262

Course level: Undergraduate

Unit value: 4.5

Offered externally: Yes

University-wide elective course: Yes

Course timetable/s:

First Semester (Study Period 1) 

Second Semester (Study Period 5)

 

Textbooks

Hoggett, J, Medlin, J, Edwards, L, Tilling, M and Hogg, E 2012, Accounting, 8th edn, John Wiley and Sons, Brisbane

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Further in the next chapters you will learn:
acc3af Advanced Financial Accounting

acc2macManagmentAccounting And Control