The Accounting Framework
PostgraduateTAS-BFA5072021
Previously TAS-BFA526
Course information for 2021 intake View information for 2025 course intake
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 12 weeks
- Loan available
- FEE-HELP available
The Accounting Framework
About this subject
Upon completion of this subject, the student should be able to:
- Apply accounting concepts to accounting systems, prepare financial statements and critique the results
- Apply independent and group learning to produce accounting information and demonstrate an understanding of the importance and breadth of report information including sustainability reporting
- Role of the elements in reporting financial position and performance
- Measuring and reporting financial performance (profit)
- Measuring and reporting financial performance and social responsibility
- The accounting cycle
- Internal control and cash and discounts
- Inventory
- Completing the balance sheet
- Cash flow statements
- Theory in context – regulation & Sustainability
The Accounting Framework 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.
- Test (10%)
- Test (15%)
- Final Exam (60%)
- Paired Report (15%)
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.
Others
Available as "Open Access" with the requirement of a Bachelors degree.
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.