Subject Code: ACCF101
Rationale
The subject material has been designed for those who will be working in the complex & diverse business environment. The introductory theoretical base and meaningful practical applications to business scenarios combine to make this unit of study a realistic and useful learning experience. This subject (unit of study) allows you to examine and understand the basic framework of the accounting information system so that you can interpret and use it to enhance the decision-making process.
The subject uses an introductory and practical approach to examining the way financial statements are formed from source data giving you every opportunity to be familiar with the main accounting processes and the assumptions, concepts and principles upon which the financial statements are based.
Learning Outcomes
a) Have an understanding of the skills, concepts and relationships necessary for accounting
b) Be able to identify the role of accounting in decision making
c) Be able to record business transaction and prepare accounting financial reports
d) Demonstrate an informed perspective of the accounting process
Assessments
Learning outcomes for this subject are assessed using a range of assessment tasks as described in the table below.
| No | Assessment Task | Assessment Due (week/s) | Learning Outcomes |
| 1 | In class test (20%) | Week 6 | a, b, c |
| 2 | Excursion Worksheet (20%) | Week 8 | a & d |
| 3 | Exploring Financial Statements (20)% | Week 10 | a, b & d |
| 4 | Final Exam (40%) | Exam Week/s | a, b, c & d |
Most assessment tasks are submitted using the Learning Management System, Moodle. For more instruction on submitting the assessment tasks, please refer to the instruction in Moodle for more specific information of the subject assessment submission requirements.
There are penalties for late submission of assessment tasks.
If you would like to request for an extension to submission deadline of your assessment or would like to request for a deferred assessment, you need to meet the eligibility requirements. Please refer to the Assessment Policy for more information on late submission penalties, requests for extensions and deferred assessments.
Broad topics to be covered
Topic:
- Welcome and the role of Financial Accounting
- Influences on Financial Management
- Processes of Financial Management
- Financial Management Strategies
Please note that these topics are often refined and subject to change so for up to date weekly topics and suggested reading resources, please refer to the Moodle subject page.