The Accounting Framework

• • 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

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.

• TAS-BFA526-Accounting for Managers

Additional requirements

No additional requirements

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%)

Current study term: 10 Jul 22 to 16 Oct 22