Intermediate Financial Accounting
Your upfront cost: $0
Online and other materials
Subjects may require attendance
- 28 Jun 2021
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Upon completion of this subject, students will be able to:
- demonstrate a specialist knowledge of financial accounting processes and concepts, specifically in relation to accounting for transactions and events related to assets, liabilities, owners' equity, income and expenses and apply this to business-related problems;
- demonstrate a comprehensive understanding of financial accounting processes and concepts, specifically in relation to the creation and interpretation of the statement of comprehensive income, the statement of financial position, and the statement of cash flows and apply this to business-related problems;
- use a range of cognitive and communication skills to review critically, analyse, consolidate and synthesise relevant theories, concepts and information drawn from a range of sources in order to demonstrate critical thinking and judgement in solving complex business-related problems; and
- work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills.
- Topics will be available to enrolled students in the subjects Learning Management System site approximately one week prior to the commencement of the teaching period.
You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:
Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s)
Candidature in the Graduate Certificate in Accounting or the Master of Professional Accounting. To enrol in this subject you will need to pass the Prerequisite/s. Please note as UNE results are released after the close of enrolment date, your enrolment into this subject will be withdrawn if you do not pass the prerequisite subject/s.
- EquipmentDetails - Headphones or speakers (required to listen to lectures and other media) Headset, including microphone (highly recommended) Webcam (may be required for participation in virtual classrooms and/or media presentations).
- SoftwareDetails - It is essential for students to have reliable internet access in order to participate in and complete your units, regardless of whether they contain an on campus attendance or intensive school component. For additional information please visit UNE Hardware Requirements: https://www.une.edu.au/current-students/support/it-services/hardware
- TravelDetails - Travel may be required to attend the Final Examination for this subject.
- OtherDetails -
Textbook information is not available until approximately 8 weeks prior to the commencement of the Teaching period.
Students are expected to purchase prescribed material.
Textbook requirements may vary from one teaching period to the next.
Where calculators are permitted in examinations, it must be selected from an approved list, which can be accessed from the Further Information link below.
The subject provides an in-depth discussion of various financial reporting issues pertaining to Australian reporting entities. After completing the subject, students will be able to critically apply a number of accounting standards for external financial reporting in practical situations. Topics covered by this subject include accounting requirements related to different types of assets, liabilities and owners' equity. The subject also enables students to develop skill and knowledge in the preparation and interpretation of the statement of financial position, the statement of comprehensive income and the cash flow statements as they pertain to reporting entities in Australia.
Essay: 1500 words. Relates to Learning Outcomes 1, 3, 4 Problem-based Questions: 1500 words. Relates to Learning Outcomes 1, 3, 4 Discussion Group: 1000 (or equivalent). Relates to Learning Outcomes 1, 2, 3, 4 Final Examination: 2 hrs 15 mins. Students must obtain at least 50% in the exam (and at least 50% overall) to receive a pass or better in the subject. Relates to Learning Outcomes 1, 2, 3, 4 UNE manages supervised exams associated with your UNE subjects. Prior to census date, UNE releases exam timetables. They’ll email important exam information directly to your UNE email address.
- Problem-based Questions (15%)
- Problem-based Questions (15%)
- Discussion Group (10%)
- Final Examination (60%)
Current study term: 27 Jun 21 to 24 Sep 21
Check the learning management system (LMS) of your university for textbook details.