Financial Accounting

• • Accounting regulation
  • The Conceptual Framework
  • Presentation of financial statements
  • Revenue recognition
  • Property, Plant & Equipment (PPE)
  • Impairment of Assets
  • Intangible Assets
  • Leases
  • Accounting for Income Tax – part 1
  • Accounting for Income Tax – part 2

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

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

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.

• Online quiz via Respondus (25%)
• Take Home Examination (40%)
• Group Assignment (35%)