Courses & Units

Financial Accounting BFA201

Cradle Coast, Launceston, Hobart

Introduction

Students will expand their understanding gained in their previous core accounting units, 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 unit 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 unit in the accounting major.

Summary

Unit name Financial Accounting
Unit code BFA201
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Accounting and Corporate Governance
Coordinator Doctor Claire Horner
Available as student elective? Yes
Level Intermediate

Availability

Location Study period Attendance options Available to
Cradle Coast Semester 1 On-Campus International Domestic
Launceston Accelerated Study Period 1 On-Campus Off-Campus International International Domestic Domestic
Hobart Semester 1 On-Campus Off-Campus International International Domestic Domestic

Key

On-campus
Off-Campus
International students
Domestic students
Note

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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.

Key Dates

Study Period Start date Census date WW date End date
Accelerated Study Period 1 31/1/2022 23/2/2022 17/3/2022 1/5/2022
Semester 1 21/2/2022 22/3/2022 11/4/2022 29/5/2022

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).

Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021.

About Census Dates

Learning Outcomes

  • 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.
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
080101 $1,828.00 $1,432.00 not applicable

1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to this page to get an indicative course cost.

Requisites

Prerequisites

BFA104

Teaching

Teaching Pattern

1 x 2 hour lecture, 1 x 1 hour tutorial per week.

AssessmentTest (25%)|Exam (50%)|Group assignment (25%)
TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

You will need the following text [available from the Co-op Bookshop  or suppliers such as Zookal - www.zookal.com/ or BookDepository - www.bookdepository.com/]:

  • Loftus, J, Leo, K, Daniliuc, S, Boys, N, Luke, B, Ang, HN, Byrnes, K 2019 Financial Reporting 3rd edn (with Interactive EBook Code inside**), John Wiley & Sons, Milton, Qld.

**CAUTION: Look for the words ‘INTERACTIVE EBOOK CODE INSIDE’ on the bottom of the front cover of the textbook.  The Library reserve copy also DOES NOT have access to the interactive materials. These are only available to individuals and not to institutional subscribers.

ALTERNATIVELY you may purchase just the E-BOOK version of Loftus et al. (2018) from the publisher, which includes the interactive content.

  • Go to Wiley Direct at http://www.wileydirect.com.au/buy/financial-reporting-3rd-edition/  

NOTE: This latest edition of Loftus et al. (2018) has combined interactive online activities in the textbook (i.e. the E-Text with additional online resources). This rich digital resource brings financial reporting to life with media such as videos, case studies, interactives and revision materials embedded at the point of learning.

Recommended

CAANZ Financial Reporting Handbook 2019 Vol. 1, John Wiley & Sons, Milton, Qld.

Deegan, C 2016 Australian Financial Accounting 8th edn, McGraw-Hill, North Ryde

Henderson, S, Peirson, G, Herbohn, K, Artiach, T, and Howieson, B 2017 Issues in Financial Accounting 16th edn, Pearson Education Australia, French Forest, NSW.

Rankin, M, Stanton, P, McGowan, S, Ferlauto, K, and Tilling, M 2012 Contemporary Issues in Accounting, John Wiley & Sons, Milton, Qld.

Summers, J, and Smith, B, 2014 Communication Skills Handbook, 4th edn,  John Wiley & Sons, Milton, Qld.

LinksBooktopia textbook finder

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.