UNIT CODE: ACC201

FINANCIAL ACCOUNTING

UNIT DESCRIPTION

In this unit students are introduced to the Australian accounting regulatory environment and the different models and theories of financial accounting that underlie the preparation of financial statements. The unit revisits the concept of assets and examines the depreciation of property, plant, and equipment. It then considers accounting for intangibles, leases, employee benefits, financial instruments, income and revenue, and taxes. The unit introduces accounting issues for several specific industries such as the insurance and superannuation industries, before concluding with an examination of corporate social responsibility accounting.

STUDENT WORKLOAD + DELIVERY MODE

TIMETABLED HOURS

RECOMMENDED PERSONAL HOURS

TOTAL WORKLOAD HOURS

STUDY LOAD

3 Hours per week

5 Hours per week

8 Hours per week

Full time

MODE OF DELIVERY

This unit will be offered to students in the following mode/s:

+ Face-to-face (Domestic and International)

+ Online (Domestic)

OVERVIEW

Award Course

Bachelor of Business Accounting

Area

Accounting

Unit Duration

12 Weeks

Weekly Attendance Pattern

3 hour session

Unit Level

200

Unit Weighting

6 Credit Points

Unit Type

Core Unit

Pre-Requisites

ACC102 (Accounting 2) or equivalent

Co-Requisites

N/A

Work Integrated Learning

UNIT LEARNING OUTCOMES

Demonstrate an understanding of the Australian accounting regulatory environment and associated accounting standards
Describe and discuss alternative models and theories of financial accounting
Apply contemporary financial accounting standards to prepare financial statements in accordance financial accounting standards
Explain and discuss the balance required between regulation and contemporary accounting

ASSESSMENT STRUCTURE

ASSESSMENT TASK

Assessment 1: Mid Trimester Exam
Assessment 2: Case Study Scenario
Assessment 3: Final Exam
Assessment 4: Engagement with the Process

BACK TO ACCOUNTING