Note: This is an archived Handbook entry from 2013.
|Dates & Locations:|| |
This subject is not offered in 2013.
|Time Commitment:||Contact Hours: One 2-hour lecture and a 1-hour tutorial |
Total Time Commitment: Not available
Study Period Commencement:
Not offered in 2013
|Recommended Background Knowledge:|| |
Please refer to Prerequisites and Corequisites.
|Non Allowed Subjects:||None|
|Core Participation Requirements:||
For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.
The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/
This subject introduces students to the nature of accounting and its role in business from the perspective of a preparer of financial reports. Topics covered include the recording of business transactions and adjustments associated with receivables, inventory, property, plant and equipment, debt instruments, share issues, business combinations and manufacturing activities; preparation of consolidated financial statements; preparation of a cash flow statement by account reconstruction; selected topics on recognition and measurement of certain elements of the financial statements; and financial statement analysis.
Semester 1 and Semester 2:
This subject focuses on the nature of accounting from the perspective of a preparer of financial reports. The method of recording and reporting transactions in an accounting system to ultimately provide the foundation for judgements and decisions in preparation of financial reports will be covered. The importance of accounting within the Australian external reporting environment is explained as well as an introduction to the Conceptual Framework for accounting that provides a theoretical underpinning of accounting standards and reporting.
Semester 1 and Semester 2:
A 3-hour end-of-semester examination (70%), assignments totalling not more than 2000 words, or equivalent, due at regular intervals during the semester (20%), and tutorial assessment (10%). Successful completion of this subject requires a minimum 50% pass in the end-of-semester examination.
|Prescribed Texts:|| |
You will be advised of prescribed texts by your lecturer.
|Breadth Options:|| |
This subject potentially can be taken as a breadth subject component for the following courses:
You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects.
|Fees Information:||Subject EFTSL, Level, Discipline & Census Date|
ACCT10002 was formerly known as Accounting Transactions and Analysis. In Summer Semester 2013, the curriculum for ACCT10002 Introductory Financial Accounting will be the same as for ACCT10002 Accounting Transactions and Analysis. Curriculum changes will take effect in Semester 1 2013, as reflected in the differing overview and objectives above.
Students who undertake ACCT10001 Accounting Reports and Analysis in Semester 2 2012 and wish to continue their accounting studies are advised not to enrol in ACCT10002 Introductory Financial Accounting in Summer 2013.
It is acceptable for students who completed ACCT10001 Accounting Reports and Analysis in Semester 1 2012 or earlier to take ACCT10002 Introductory Financial Accounting in Summer Semester 2013, if they wish.
|Related Breadth Track(s):||
Forensic Accounting |
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