Intermediate Financial Accounting

• • 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:

• UNE-AFM406-Introductory Accounting

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)

Special requirements

• 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 requirements:

  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.

  Further information

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: 1,500 words; 15%; LOs 1, 3-4 Problem-based Questions: 1,500 words; 15%; LOs 1, 3-4 Discussion Group: 10%; LOs 1-4 Final Examination: 60%; LOs: 1-4 Students must obtain at least 50% in the exam (and at least 50% overall) to receive a pass or better in the unit. 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.

• Essay (15%%)
• Problem-based Questions (15%%)
• Discussion Group (10%%)
• Final Examination (60%%)