Courses & Units

Financial Accounting BFA201

Hobart, Launceston

Note:

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
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Accounting and Corporate Governance
Coordinator

Dr Bernadette Smith

Teaching staff

Level Intermediate
Available as student elective? Yes
Breadth Unit? No

Availability

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

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Key Dates

Study Period Start date Census date WW date End date
Semester 1 24/2/2020 23/3/2020 13/4/2020 31/5/2020
Accelerated Study Period 1 3/2/2020 21/2/2020 19/3/2020 2/5/2020

* 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 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2020.

About Census Dates

Learning Outcomes

  • LO1: Interpret, analyse and explain the principles and objectives of accounting standards within the International Financial Reporting Standards (IFRS) environment.
  • LO2: Choose and apply relevant accounting standards and principles to a range of problems.
  • LO3: Work independently and cooperatively to monitor progress and communicate arguments in the reporting of accounting information to interested parties.

Fees

Domestic

Band CSP Student Contribution Full Fee Paying (domestic) Field of Education
3 2020: $1,394.00 2020: $2,702.00 080101

Fees for next year will be published in October. The fees above only apply for the year shown.

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. Please check the unit outline for details.

Assessment

Internal exam (25%), Workbook (10%), Assignment (15%), Final exam (50%).

TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

You will need the following text [available from the Co-op Bookshop]:

  • Loftus, J, Leo, K, Daniliuc, S, Boys, N, Luke, B, Ang, HN, Byrnes, K  2018 Financial Reporting 2nd 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. Second-hand copies of Loftus (2018) will look similar but WILL NOT have access to the additional interactive online materials. 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.

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.

ELECTRONIC READING DEVICE: If you choose to purchase an e-book you will need to bring a copy with you to class on your preferred electronic reading device. The e-book will be available for you to download onto 4 different devices (eg. smart phone, ipad, tablet, laptop, etc.) and any tags or highlights you use on one device will be automatically updated on the others.

Even if you purchase the print version of the textbook, it will be useful to also bring an electronic device (with internet capabilities) to class, as there will be many times when we will search for information and/or download relevant annual reports to aid our class discussions. You will need internet access to source the Accounting Standards from AASB.

Recommended

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