Financial Accounting Concepts
UoS Code ACCT1003
Credit points 6
Offered Semester 1
Prerequisites
Corequisites
Prohibitions ACCT1001, ACCT1002
Assumed Knowledge
Additional Information Terminating unit.
Lectures 3 hrs of lectures/tutorials per week
Assessment Group assignments; Mid-semester examination; Final examination.
Description Provides an introduction to the concepts underlying \"external\" accounting and is designed for students who are not majoring in accounting. The unit utilises a transaction-effect approach to the preparation of financial statements with basic bookkeeping minimalised. Accounting-method choices are analysed for their effect on the financial statements, and, thus, on decision-making.