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Introductory Financial Accounting (ACCT10002)
Undergraduate level 1Points: 12.5Dual-Delivery (Parkville) and Online
Please refer to the return to campus page for more information on these delivery modes and students who can enrol in each mode based on their location.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Semester 2
Overview
Availability | Summer Term - Online Semester 1 - Dual-Delivery Semester 2 - Dual-Delivery |
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Fees | Look up fees |
This subject focuses on the nature of accounting from the perspective of a preparer of financial reports. The method of recording and reporting transactions in an accounting system to ultimately provide the foundation for judgements and decisions in preparation of financial reports will be covered. The importance of accounting within the Australian external reporting environment is explained as well as an introduction to the Conceptual Framework for accounting that provides a theoretical underpinning of accounting standards and reporting.
Intended learning outcomes
- Identify the principal regulatory authorities that influence the framework for external financial reporting in Australia and explain their roles and functions in this process.
- Describe the nature and objectives of General Purpose Financial Reporting
- Explain the key components of the Conceptual Framework for accounting as it applies to the preparation of general purpose financial statements.
- Record accounting transactions and prepare the Balance Sheet and the Income Statement.
- Explain the main issues to be considered in relation to reporting of key transactions and balances reported in the Balance Sheet and Income Statement.
- Describe the nature of company transactions and account for various capital transactions and profit distribution.
- Construct and analyse a Cash Flow Statement.
Generic skills
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High level of development: problem solving; use of computer software.
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Moderate level of development: written communication; collaborative learning; team work; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.
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Some level of development: oral communication; statistical reasoning.
Last updated: 11 April 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACCT10001 | Accounting Reports and Analysis |
Semester 2 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 1 (Online)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 11 April 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Written Assignment
| First half of the teaching period | 5% |
Practice Set Assignment
| Second half of the teaching period | 15% |
Online Quizzes | Throughout the semester | 10% |
End-of-semester Examination
| During the examination period | 70% |
Last updated: 11 April 2024
Dates & times
- Summer Term - Online
Coordinator Demi Wang Mode of delivery Online Contact hours Summer Semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks Total time commitment 170 hours Teaching period 2 January 2021 to 12 February 2021 Last self-enrol date 11 January 2021 Census date 22 January 2021 Last date to withdraw without fail 5 February 2021 Assessment period ends 27 February 2021 - Semester 1 - Dual-Delivery
Principal coordinator Warren McKeown Mode of delivery Dual-Delivery (Parkville) Contact hours Semester 1 and Semester 2: One 2-hour lecture and one 90-minute tutorial per week. Summer Semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks. Total time commitment 170 hours Teaching period 1 March 2021 to 30 May 2021 Last self-enrol date 12 March 2021 Census date 31 March 2021 Last date to withdraw without fail 7 May 2021 Assessment period ends 25 June 2021 Semester 1 contact information
- Semester 2 - Dual-Delivery
Principal coordinator Warren McKeown Mode of delivery Dual-Delivery (Parkville) Contact hours Semester 1 and Semester 2: One 2-hour lecture and one 90-minute tutorial per week. Summer Semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks. Total time commitment 170 hours Teaching period 26 July 2021 to 24 October 2021 Last self-enrol date 6 August 2021 Census date 31 August 2021 Last date to withdraw without fail 24 September 2021 Assessment period ends 19 November 2021 Semester 2 contact information
Time commitment details
170 Hours
Last updated: 11 April 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Breadth Track Forensic Accounting - Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 11 April 2024