Financial Accounting

Course aim

To enable students to have an integrated understanding of fundamental accounting systems and the accounting cycle as well as an advanced understanding of the corporate, institutional and ethical environments that corporate accounting operates within.

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; implementation of the financial accounting process and recognition and use of the procedures required for both manual and computer-based accounting systems; exposure to the theoretical and conceptual issues surrounding the practice of financial accounting; an introduction to the financial reporting environment including exposure to various accounting standards used in financial accounting; an investigation of the practical, theoretical and ethical issues underlying the application of accounting standards with particular reference to depreciation and disposal of non-current assets, inventories, accounts receivable, cash controls and liabilities as well as preparation of financial statements including balance sheets, income statements and statements of cash flows.

Textbook(s)

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

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ACCT 5011	Accounting for Management M

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Seminar	3 hour x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	30 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

Continuous assessment, Report, Viva Voce

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:
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 university. 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.