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Unit of Study

Financial Accounting A
UoS Code ACCT2011
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites (ACCT1001 or ACCT1005 or BUSS1030) and (ACCT1002 or ACCT1006) and (ECMT1010 or BUSS1020)
Prohibitions ACCT2001
Assumed Knowledge
Additional Information
Lectures 1x2hr lecture and 1x1hr tutorial per week
Assessment tutorial preparation (5%), group assignment (15%), mid-semester examination (30%), final examination (50%)
Description This unit examines the accounting and reporting practices of reporting entities, particularly listed public companies. Emphasis is placed on developing an understanding of, and the ability to critically evaluate, the various regulatory requirements (professional and statutory) governing financial reporting. The unit commences with an overview of the financial reporting environment and theories that seek to explain the accounting policy choices of management. This framework provides a basis for examining a range of specific issues in financial accounting. Emphasis throughout the unit is on both the application of specific accounting techniques/rules and the conceptual/theoretical issues associated with alternative accounting methods.