Alert for students
The on-line mode of delivery has specialised hardware/software requirements.
Overview
Topic availabilities
Tuition pattern
Aims
This topic builds on and extends the accounting foundations studied in Accounting Principles. It aims to introduce students to accounting for more complex transactions and forms of business organisations, such as partnerships and companies. It includes accounting for receivables, liabilities, inventories and fixed assets. This will include an overview of the reporting entity concept, objectives of financial reporting and the definitions and recognition criteria of the elements of financial statements. In addition, the Australian conceptual framework will be examined and students will gain exposure to accounting using computerised accounting packages.
In addition, the topic aims to develop:
- Generic cognitive skills (especially analytical and evaluative skills)
- Behavioural skills (especially personal and interpersonal skills) which can be employed in an organisational work environment