Undergraduate TAS-BFA201-2023

Financial Accounting

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Duration

14 weeks

Study method

100% Online

Available loans

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Assessments

Subjects may require attendance

Prior study

Required

Start dates

30 Jan 2023
20 Feb 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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2022
2023

Subject details

What you'll learn

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

Interpret, analyse and explain the principles and objectives of accounting standards within the International Financial Reporting Standards (IFRS) environment.
Choose and apply relevant accounting standards and principles to a range of problems.
Work independently and cooperatively to monitor progress and communicate arguments in the reporting of accounting information to interested parties.

Topics covered

- Week 1-Accounting regulation
- Week 2-Skills workshop (during lecture)
- Week 3-The Conceptual Framework
- Week 4-Presentation of financial statements
- Week 5-Revenue recognition
- Week 6-Property, Plant & Equipment (PPE)
- Week 7-Impairment of Assets
- Week 8-IN CLASS TESTS
- Week 9-Intangible Assets
- Week 10-Leases
- Week 11-Accounting for Income Tax – part 1
- Week 12-Accounting for Income Tax – part 2
- Week 13-Revision

Entry requirements

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:

TAS-BFA104-Accounting Context and Method (No longer available)

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

Description

Students will expand their understanding gained in their previous core accounting subjects, to develop their accounting knowledge, skills and terminology in the context of more complex accounting issues. In particular, students are introduced to a number of accounting standards, their application and changes taking place within the accounting environment, particularly with regard to International Financial Reporting Standards. The consideration of the issues and techniques in this subject will enhance the skills students will need to perform effectively in the workplace as an accountant. Financial accounting is particularly concerned with the provision of information that is relevant and represented faithfully. It is a compulsory subject in the accounting major.

Assessments