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|
|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|
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|Study Period||Start date||Census date||WW date||End date|
* 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).
- Prepare and critique financial statements applying accounting concepts and accounting systems.
- Analyse accounting information with breadth of reporting including sustainability.
|Field of Education||Commencing Student Contribution 1,3||Grandfathered Student Contribution 1,3||Approved Pathway Course Student Contribution 2,3||Domestic Full Fee 4|
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.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
4 x 3-hour workshops (in addition a 1-hour orientation workshop will be held in week 1)
Weekly pre-recorded lectures on MyLO
|Assessment||Test (25%)|Examination (40%)|Written assignment (35%)|
|Timetable||View the lecture timetable | View the full unit timetable|
All other class materials and activities will be available to be printed from the
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 &
|Links||Booktopia textbook finder|
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