Acfi 1002 accounting practice
COURSE
CODE ACFI1002
UNITS 10
LEVEL 1000
DESCRIPTION
Accounting
Practice extends both the knowledge and skills developed in Accounting for
Decision Makers (ACFI1001). It examines the fundamental principles underpinning
accrual accounting and financial reporting providing you with the technical
skills of accounting, including the analysis, recording, preparation and
interpretation of accounting information. Your understanding of the accounting
professions' standards of practice will be further enhanced.
AVAILABILITY
UoN Singapore
§ Trimester 1 - 2015 (Singapore)
Callaghan Campus
§ Semester 2 - 2015
Ourimbah
§ Semester 2 - 2015
LEARNING OUTCOMES
1.
Apply the double-entry system to a transaction data set, and manually proceed
through the steps of the accounting cycle
2.
Apply the double-entry system to problems involving the purchase, valuation and
recognition, and disposal of inventory and non-current assets
3.
Employ appropriate methods to record receivables and bad debts
4.
Prepare a bank reconciliation and related journal entries
5.
Identify, explain and critically appraise the principles underlying the
procedures identified in 1-4 above
6.
Prepare financial reports (Income Statement, Balance Sheet and Cash Flow
Statement) for non-manufacturing firms in accordance with relevant accounting
standards
7.
Demonstrate a developing awareness of the ethical practices and conduct of the
accounting profession.
8.
Demonstrate an understanding of, and communication in, accounting terminology
and contexts
It is important to read out :Financial accounting homework help
CONTENT
This
course covers the following topics:
1.
Recording
business transactions
2.
Measuring
profit and the adjustment process
3.
Completing
the accounting cycle
4.
Retailing
operations
5.
Inventory
costing methods
6.
Accounting
information systems: subsidiary ledgers and special journals
7.
Internal
control and cash
8.
Accounting
for receivables
9.
Non-current
assets
10. Cash flow statement
11. Partnerships
12. Accounting concepts, assumptions and
principles.
ASSUMED KNOWLEDGE
ACFI1001
Accounting for Decision Makers
ASSESSMENT ITEMS
Tutorial / Laboratory Exercises: Tutorial Focus Questions
Practical Demonstration: Practice Set
Quiz: Mid Semester Class Quiz
Formal Examination: Final Examination
CONTACT HOURS
LECTURE
Face
to Face On Campus 2 hour(s) per Week for Full Term
TUTORIAL
Face
to Face On Campus 2 hour(s) per Week for 12 Weeks
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