UO Financial Accounting 1

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 and the ability to analyse and interpret accounting information. 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 double entry accounting systems as applied to manual and computerised formats; an introduction to the financial reporting environment including an exposure to various accounting standards used in financial accounting and their impact on different entities; an introductory investigation of the practical, theoretical and ethical issues underlying the application of accounting processes with particular reference to the acquisition, depreciation and disposal of non-current assets, inventories, accounts receivable, cash and funding alternatives; analysis and interpretation of financial statements and cash flows.

Textbooks

Hoggett, J, Medlin, J, Chalmers, K, Beattie, C, Hellmann, A & Maxfield, J 2021, Accounting, 11th edn, John Wiley and Sons, Brisbane

Prerequisites

Corequisite(s)

Nil

Teaching Method

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

Assessment

Case study, Examination, Presentation

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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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 university. To determine the cost of this course, go to:
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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