Courses & Units
Accounting and Accountability for Decision Making BFA507
Introduction
Accounting and Accountability for Decision Making 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 preparer's 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
| Unit name | Accounting and Accountability for Decision Making |
|---|---|
| Unit code | BFA507 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Doctor Bernadette Smith |
| Delivered By | University of Tasmania and Third Party(ies): ECA |
| Level | Postgraduate |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 1 | On-Campus | International | Domestic | |
| Hobart | Semester 2 | On-Campus | International | Domestic | |
| Launceston | Semester 1 | On-Campus | International | Domestic | |
| Online | Semester 1 | Off-Campus | International | Domestic | |
| Online | Semester 2 | Off-Campus | International | Domestic | |
| Online | Term 1 | Off-Campus | International | ||
| ECA Melbourne | Semester 2 | On-Campus | International | ||
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
Enrolment in units available at ECA Melbourne, Hong Kong Universal Ed, and Shanghai Ocean University is only available to eligible students studying at those corresponding locations.
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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 |
|---|---|---|---|---|
| Term 1 | 26/2/2024 | 22/3/2024 | 15/4/2024 | 2/6/2024 |
| Semester 2 | 22/7/2024 | 16/8/2024 | 9/9/2024 | 27/10/2024 |
| Semester 1 | 26/2/2024 | 22/3/2024 | 15/4/2024 | 2/6/2024 |
* 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 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Apply accounting and accountability concepts to accounting systems and reporting
- Critique complex financial and non-financial reports for potential accounting issues
- Prepare financial statements using contemporary accounting theory and practice for management decision-making
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 | $2,040.00 | $1,597.00 | not applicable | $2,979.00 |
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.
Requisites
Mutual Exclusions
You cannot enrol in this unit as well as the following:
XPD509Teaching
| Assessment | Oral presentation (25%)|Case Study (Part A Due: Week 3 & Part B Due: Week 8) (35%)|End of Semester Exam (40%) |
|---|---|
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Deegan, C. 2023, An Introduction to Accounting: Accountability in Organisations and Society, 2nd Ed., Nelson ITP, Cengage Learning Australia, Melbourne. |
|---|---|
| Recommended | These materials will be useful to your developing knowledge and understanding of the content in this unit, but you are not required to purchase them. When seeking sources of evidence to support your assignment work, you will find these a useful starting point. These materials are available for a limited loan period from the University Library collection. Hogget, J., Medlin, J., Chalmers, K., Beattie, C., Hellman, A., and Maxfield, J. (2020). Financial accounting, 11th Edition, John Wiley & Sons Australia Sivabalan, P., Wakefield, J., Birt, J., Chalmers, K., Maloney, S., Brooks, A., Oliver J. & Bond, D. (2022). Accounting: business reporting for decision making, 8th Edition, Wiley, Melbourne. ISBN: 9780730369325 Sawyers, R., Jackson, S., & Jenkins, G (2019). ACCT 3 management, Cengage Australia Informative | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.