Postgraduate TAS-BFA507-2023

Accounting and Accountability for Decision Making

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$2,837 $0

Your upfront cost: $0

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Duration

14 weeks

Study method

100% Online

Available loans

FEE-HELP

Assessments

Subjects may require attendance

Prior study

Not required

Start dates

20 Feb 2023
10 Jul 2023

Australia’s fourth oldest university, the University of Tasmania, is highly regarded internationally for teaching and academic excellence. The university offers more than 100 undergraduate degrees and more than 50 postgraduate programs across a range of disciplines. The university offers students a diverse range of opportunities, the chance to learn from leading experts, and excellent preparation for their future careers.

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2023

Subject details

What you'll learn

Upon completion of this subject, the student should be able to:

Apply accounting and accountability concepts to accounting systems and reporting
Critique complex financial and non-financial reports for potential accounting issues
Prepare financial statements using contemporary accounting theory and practice for management decision-making

Topics covered

- Week 1 - Elements in reporting financial position and performance
- Week 2 - Measuring profits and losses
- Week 3 - Reporting profits and losses
- Week 4 - Double and adjustment entries
- Week 5 - Accounting records and trial balance
- Week 6 - Internal control, cash account, and discounts
- Week 7 - Accounting for inventory
- Week 8 - Critiquing financial reports
- Week 9 - Recording non-current assets
- Week 10 - Revaluation and disposal of non-current assets
- Week 11 - Cash flow statements
- Week 12 - Non-financial reporting and regulation
- Week 13 - Putting it all together

Entry requirements

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core

Elective

TAS-MPA-MAS-2023

Additional requirements

No additional requirements

Description

Accounting and Accountability for Decision Making is an introductory accounting subject concerned with the fundamentals of financial accounting. The subject includes an introduction to the basic principles of accrual accounting and the five elements of financial reports (i.e. assets, liabilities, owners equity, revenue and expenses). The subject focusses on the key financial statements from the preparers perspective – the balance sheet, income statement and statement of cash flows. Topics covered in the subject include measuring and reporting financial position, the accounting cycle, inventory, internal control and cash, non-current assets, cash flow statements and accounting policy choice.

Assessments