Enrolments for 2022 have closed.
Financial Accounting
Undergraduate | TAS-BFA201 | 2022
Course information for 2022 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
HECS-HELP and FEE-HELP available
Financial Accounting
About this subject
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
- 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
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%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- TAS-BAC-DEG-2022 - Bachelor of Business (Accounting)
Elective
- TAS-BEC-DEG-2022 - Bachelor of Business and Bachelor of Economics
- TAS-BPS-DEG-2022 - Bachelor of Business and Bachelor of Psychological Science
- TAS-BBS-DEG-2022 - Bachelor of Business and Bachelor of Science
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:
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.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Undergraduate
TAS-BAC-DEGUndergraduate
TAS-BEC-DEGUndergraduate
TAS-BPS-DEGUndergraduate
TAS-BBS-DEG