Enrolments for 2021 have closed.
Accounting Context and Method
Undergraduate | TAS-BFA104 | 2021
Course information for 2021 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- No ATAR needed,
- No prior study
- Duration
- 12 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:
- Explain fundamental principles of accrual accounting
- Identify, record and report financial transactions
- Explain and use internal control procedures
- 1. Week 1 - Topic 1 - Introduction, double entry accounting and GST
- 1.1) No Workshop
- 1.2) Readings: Chapter 1,2,3
- 2. Week 2 - Topic 2 - General Journal, Ledger and Trial Balance
- 2.1) Workshop: Topic 1
- 2.2) Readings: Chapter 3
- 3. Week 3 - Topic 3 - Adjusting entries and 10 column worksheets
- 3.1) Workshop: Topic 2
- 3.2) Readings: Chapter 4
- 4. Week 4 - Topic 4 - Closing entries and preparing financial statements
- 4.1) Workshop: Topic 3
- 4.2) Readings: Chapter 5
- 5. Week 5 - Topic 5 - Subsidiary ledgers and special journals
- 5.1) Workshop: Topic 4
- 5.2) Readings: Chapter 7
- 6. Week - Topic 6 TEST
- 6.1) No Workshop
- 6.2) Test held during lecture time
- 7. Week 7 - Inventory
- 7.1) Workshop: Topic 5
- 7.2) Readings: Chapter 6,13
- 8. Mid Semester Break
- 8.1) n/a
- 9. Week 8 - Topic 8 - Internal control and cash
- 9.1) Workshop: Topic 7
- 9.2) Readings: Chapter 7,11
- 10. Week 9 - Topic 9 - Non-current Assets
- 10.1) Workshop: Topic 8
- 10.2) Readings: Chapter 14,15
- 11. Week 10 - Topic 10 - Independent work on assignment
- 11.1) No Workshop
- 11.2) Assignment due 5pm Friday
- 12. Week 11 - Topic 11 - Equity and presentation of Financial Statements
- 12.1) Workshop: Topic 9
- 12.2) Readings: Chapter 9,17
- 13. Week 12 - Topic 12 - Cash Flow Statements
- 13.1) Workshop: Topic 11
- 13.2) Readings: Chapter 18
Welcome to this foundation subject for students intending to undertake an Accounting Major in the Bachelor of Business. This subject is compulsory and is an important pre-requisite for second and third year subject. You will consider the fundamental principles that underpin accrual accounting and financial reporting including how and why financial transactions are recorded as they are. The elements of the accounting cycle and techniques of measurement, recording and reporting for decision makers are also considered.
- Class Test (15%)
- Closed Book Exam (60%)
- Workshop Portfolio (10%)
- Accounts Report (15%)
For textbook details check your university's handbook, website or learning management system (LMS).
Wherever you are, the University of Tasmania brings its island campus to you through a growing range of online programs across art and design, business, education, health, science, sustainability, technology, and more. It’s never too late to switch things up. Kickstart that career you’ve been dreaming about, or upskill for the one you’re in. You’ll also become a part of the world's leading university on climate action.
Learn more about UTAS.
Explore UTAS courses.
- QS Ranking 2024:
- 20
- Times Higher Education Ranking 2024:
- 19
Entry requirements
No entry 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.
Why study a single subject?
Bite sized study
Try studying a particular area to see if online study suits you, or upskill in just a few months with a single subject that you’re interested in.
Pursue a dream
With thousands of single subjects to choose from, you can find topics that get you on the path to your higher education goals fast.
Gain Uni credit
Most single subjects are part of a full degree. That means if you’re keen to keep learning, you can gain credit for the subjects you’ve successfully completed.
Single subject FAQs
Single subjects are the individual components that make up a degree. With Open Universities Australia, you’re able to study many of them as stand-alone subjects, including postgraduate single subjects, without having to commit to a degree.
Each of your subjects will be held over the course of a study term, and they’ll usually require 10 to 12 hours of study each week. Subjects are identified by a title and a code, for example, Developmental Psychology, PSY20007.
First, find the degree that you would like to study on our website.
If that degree allows entry via undergraduate subjects, there will be information about this under the Entry Requirements section. You will find a list of 2-4 open enrolment subjects you need to successfully complete to qualify for admission into that qualification.
Once you pass those subjects, you will satisfy the academic requirements for the degree, and you can apply for entry.
Our student advisors are here to help you take that next step, so don’t hesitate to reach out when you’re ready! We’ve also made it easier to figure out the right way to get started on our pathways page.
Our student advisors are more than happy to help you plan your online study. Get in touch with an advisor by:
You can pay up front with your credit card, or you may be eligible for a HELP loan from the Australian government depending on your citizenship status and where you’ll live during your studies.
For more information about how to pay for your studies visit our fees page or contact a student advisor.
When you’ve made your choice, click ‘Enrol now’ on the relevant course page and follow the prompts to begin your enrolment. We’ll ask you to supply some supporting documentation, including proof of your identity, your tax file number, and a unique student identifier (USI) during this process.
Your university will get in touch with you via email to confirm whether or not your application has been successful.
If you get stuck at any time, reach out to us and we’ll talk you through it.
You can also take a look at our online self-service enrolling instructions .
Close of enrolment times vary between universities and subjects. You can check the cut-off dates for upcoming study terms by visiting key dates.