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Accounting Context and Method
Undergraduate | TAS-BFA104 | 2024
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
HECS-HELP and FEE-HELP available
Accounting Context and Method
About this subject
Upon completion of this subject, the student should be able to:
- Apply accounting principles to identify, record and report financial information.
- Use financial accounting information to make informed financial decisions.
- Apply internal control procedures to an organisation's financial accounts.
- Communicate accounting information in presentations and written reports, individually and in team environments, using professional language and standards common to business professionals and peers.
- Week 1 - Introduction 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
- 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
- Week 13 - Subject Review
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%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Prior study
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
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
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.