ACCOUNTING II

In this unit, students continue their introduction to the basic theories and function of accounting practice, including accounting for and management of non-current assets, current liabilities and the accounting for and role in business financing of specific liability and equity instruments. Students will be introduced to accounting for partnerships and companies and the role different accounting structures play in the business environment. Students examine The Conceptual Framework of accounting and its role in the conceptual development of accounting standards and practice. Students will also explore how to analyse financial statements including cash flow statements and how analysis can contribute to effective decision-making.

The delivery of the unit incorporates a range of teaching and learning strategies including: lectures, tutorials, workshops, class discussions, in-class activities and independent student research and reading. Each week will commence with a tutorial where selected homework questions from the previous week will be discussed and students will work through unseen material to ensure all concepts are understood. This will be followed by a lecture covering the material for that week, which will include time in class for students to participate and complete workshop style activities.