Enrolments for 2022 have closed.
The Accounting Framework
Postgraduate | TAS-BFA507 | 2022
Course information for 2022 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
HECS-HELP and 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
- 1. Week 1 CF - role of the elements in reporting financial position and performance
- 1.1) Henry’s Hardware (1-6)
- 1.2) No tutorials in Week 1
- 1.3) Chp 1 pp3-11, Chp 2 pp69-80, Chp9 pp450-454, Chp7 pp327-355 and 362 - 374
- 2. Week 2 Measuring and reporting financial performance (profit)
- 2.1) Henry’s Hardware
- 2.2) Tony’s Trailers
- 2.3) Week 1 activities Q4-6
- 2.4) Chp7 pp355-363, Chp 9 pp 455-470, 477-479 and 497-513
- 3. Week 3 Measuring and reporting financial performance and social responsibility
- 3.1) Whitely Sounds
- 3.2) K Moon
- 3.3) Chp 10 pp 521-552
- 4. Week 4 The accounting cycle Part I
- 4.1) Meg Bruce Hair Dressing Salon parts (a) and (b)
- 4.2) Carmen’s Coats
- 4.3) Chp 8 pp 382-407
- 5. Week 5 The accounting cycle Part II
- 5.1) White Pty Ltd Parts (a) and (b)
- 5.2) Commercial ArtRecovery Upholstery Repairs
- 5.3) Chp 8 pp 407-426
- 5.4) Chp 9 pp 470-473
- 6. Week 6 Internal control and cash and discounts
- 6.1) Patton Ltd
- 6.2) Arrow Sportswear
- 6.3) Chp11 pp 616-624
- 7. Week 7 Inventory
- 7.1) Scottsdale Electronics
- 7.2) Thorpees Jeans
- 7.3) Hiking Adventures
- 7.4) Chp 10 pp 552-560 and Chp 9 pp 474-476
- 8. Week 8 Test 2 – during lecture time -self-study topic
- 8.1) In class test during lecture/workshop time
- 8.2) No tutorials
- 8.3) See materials on MyLO
- 9. Week 9 Completing the balance sheet
- 9.1) Samson Ltd / Capitan and Criss Cross
- 9.2) Ivan’s Issues
- 9.3) Chp 9 pp 478-486
- 10. Week 10 Completing the Balance Sheet Assignment
- 10.1) Capitan and Criss Cross / House
- 10.2) Assignment
- 10.3) Assignment Part (a)
- 10.4) Chp 8 pp 427-439
- 11. Week 11 Cash flow statements
- 11.1) Wallington
- 11.2) Warlock
- 11.3) Assignment Part (b)
- 11.4) Chp 11 pp 589-618 & Chp 10 pp 568-575
- 12. Week 12 Theory in context – regulation & Sustainability
- 12.1) Regulation and Sustainability Activities
- 12.2) Tame Ltd
- 12.3) Chp 2 pp 46-51 & Chp 6 & Chp 10 pp 576-580
- 13. Week 13 Unit Review/Revision
- 13.1) Review/Exam discussion & Revision
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 or quiz (15%)
- Assignment (15%)
- Examination (50%)
- Assignment (20%)
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-PFA-GCE-2022 - Graduate Certificate in Professional Accounting
- TAS-PFA-GDI-2022 - Graduate Diploma of Professional Accounting
- TAS-MPA-MAS-2022 - Master of Professional Accounting
Equivalent subjects
You won't be able to enrol into this subject if you've already successfully completed or currently enrolled in the following subject(s) as they are considered anti-requisites due to the similarity of the content.
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
PostgraduateTAS-PFA-GCE
PostgraduateTAS-PFA-GDI
PostgraduateTAS-MPA-MAS