Accounting Context and Method

• • Week 1 Introduction, double entry accounting and GST
  • Week 2 Double Entry Accounting Principles
  • Week 3 General Journal Ledger and Trial Balance
  • Week 4 Adjusting Entries and Preparing Financial Statements
  • Week 5 Closing Entries
  • Week 6 Accounting for Partnerships
  • Week 7 Inventory
  • Mid Semester Break
  • Week 8 Receivables
  • Week 9 Internal Control
  • Week 10 Non-Current Assets
  • Week 11 Equity and Presentation of Financial Statements
  • Week 12 Cash Flow Statements

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:

one of

• TAS-BFA103-Accountability and Accounting
• TAS-ZAA133-Business Finance

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)

Additional requirements

No additional requirements

This subject is a compulsory subject in the accounting major and is an important pre- requisite for second and third-year subjects.

In this subject you will consider the fundamental principles that underpin accounting, the role that accounting plays in decision making and important technical skills required by our professional accounting bodies.

After completing this subject, you will have knowledge of the fundamental principles of accounting, be able to use financial accounting information to make informed decisions and have a foundational understanding of accounting software.

• Test/Quiz (20%)
• Final Exam (40%)
• Oral Presentation (15%)
• Case Study (25%)

Current study term: 22 May 22 to 19 Aug 22

Next study term: 10 Jul 22 to 16 Oct 22