Hobart, Launceston
Introduction
The Accounting Framework is an introductory accounting unit concerned with the fundamentals of financial accounting. The unit 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 unit focuses on the key financial statements from the preparers perspective – the balance sheet, income statement and statement of cash flows. Topics covered in the unit include measuring and reporting financial position, the accounting cycle, inventory, internal control and cash, non-current assets, cash flow statements and accounting policy choice.
Summary 2020
Unit name | The Accounting Framework |
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Unit code | BFA507 |
Credit points | 12.5 |
Faculty/School | College of Business & Economics Tasmanian School of Business and Economics |
Discipline | Accounting and Corporate Governance |
Coordinator | |
Level | Postgraduate |
Available as student elective? | Yes |
Breadth Unit? | No |
Availability
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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TNE Program units special approval requirements.
* 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).
Learning Outcomes
LO1 | Apply accounting concepts to accounting systems, prepare financial statements and critique the results. |
LO2 | Apply independent and group learning to produce accounting information and demonstrate an understanding of the importance and breadth of report information including sustainability reporting. |
Fees
Requisites
Prerequisites
N/A
Co-requisites
N/A
Mutual Exclusions
You cannot enrol in this unit as well as the following:
BFA707 AND BFA582 AND BFA526 AND BAA515.
Teaching
Teaching Pattern | Please see the unit outline for details. |
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Assessment | Online Test 1(10%), Online Test 2 (15%), Group Assignment (15%), Final Exam (60%). |
Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
Required | Please see the unit outline for details. |
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The University reserves the right to amend or remove courses and unit availabilities, as appropriate.