Courses & Units

The Accounting Framework BFA507


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 focusses 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.


Unit name The Accounting Framework
Unit code BFA507
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Accounting and Accountability
Coordinator Doctor Seedwell Sithole
Delivered By University of Tasmania
Level Postgraduate


This unit is currently unavailable.

Key Dates

Study Period Start date Census date WW date End date
Semester 2 11/7/2022 9/8/2022 29/8/2022 16/10/2022
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 (refer to How do I withdraw from a unit? 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. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • Prepare and critique financial statements applying accounting concepts and accounting systems.
  • Analyse accounting information with breadth of reporting including sustainability.

Fee Information

Field of Education Commencing Student Contribution 1,3 Grandfathered Student Contribution 1,3 Approved Pathway Course Student Contribution 2,3 Domestic Full Fee 4
080101 $1,828.00 $1,432.00 not applicable $2,702.00

1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.

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 What is an indicative Fee? to get an indicative course cost.



No pre-requisites.


Teaching Pattern

4 x 3-hour workshops (in addition a 1-hour orientation workshop will be held in week 1)

Weekly pre-recorded lectures on MyLO

AssessmentTest (25%)|Examination (40%)|Written assignment (35%)
TimetableView the lecture timetable | View the full unit timetable



Deegan, C. 2020, An Introduction to Accounting: An Integrated Approach, 6th.  Accountability in Organisations and Society, 1st Ed., Nelson ITP,. Cengage Learning Australia, Melbourne.

All other class materials and activities will be available to be printed from the unit’sunit MyLO site.

If you want to find out how other authors explain the topics in your text you can refer to any of the following:

Carlon, S, Mladenovic-McAlpine, R, Palm, C, Kimmel, PD, Kieso, DE, & Weygandt, JJ 2012, Accounting; Building Business Skills, 4th Edn, John Wiley & Sons Australia Ltd, Sydney.

Hoggett, J, Edwards, L, Medlin, J & Tilling, M 2009, Accounting, 7th Edn, John Wiley &



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