ACCT 2005 Techniques in Financial Accounting
Credit Points 10
Legacy Code 200973
Coordinator Kristina Vojvoda Opens in new window
Description Techniques in Financial Accounting is the third unit in the financial accounting stream and builds upon Financial Accounting Applications as part of the accredited accounting program. It introduces a company as a business structure and the accounting requirements for their formation and operations. The unit advances tools required for accurate record keeping leading to compilation of financial statements. The unit teaches participants how to account for receivables and payables, the disposal of non-current assets, and preparation of cash flow statements. Successful completion of the unit will equip participants with a practical and theoretical understanding of usefulness of general purpose financial reports.
School Business
Discipline Accounting
Student Contribution Band HECS Band 4 10cp
Check your HECS Band contribution amount via the Fees page.
Level Undergraduate Level 2 subject
Pre-requisite(s) ACCT 1007
Incompatible Subjects ACCT 2004 Intermediate Financial Accounting
Assessment
The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.
| Item | Length | Percent | Threshold | Individual/Group Task |
|---|---|---|---|---|
| Self-Assessment | 90 minutes | S/U | Y | Individual |
| Portfolio | Semester long - approx 500 words. | 10 | N | Individual |
| Intra-session Exam | 1 hour | 20 | N | Individual |
| Practical | 1,000 words maximum, plus appropriate supporting calculations as required | 20 | N | Individual |
| Final Exam | 2 hours | 50 | Y | Individual |
Prescribed Texts
- Hoggett, J, Medlin, J, Chalmers, K, Beattie, C, Hellmann, A & Maxfield, J 2020, Financial Accounting, 11th edn, John Wiley & Sons Australia.
Teaching Periods