ACCT 2005 Techniques in Financial Accounting
Credit Points 10
Legacy Code 200973
Coordinator Stanley James Opens in new window
Description Techniques in Financial Accounting is the third subject 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. Students develop skills in using tools required for accurate record keeping leading to compilation of financial statements, as well as how to account for receivables and payables, the disposal of non-current assets, and preparation of cash flow statements. Successful completion of the subject 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.
| Type | Length | Percent | Threshold | Individual/Group Task |
|---|---|---|---|---|
| Portfolio | Semester long- equivalent to 1,000 | 10 | N | Individual |
| Applied Project | 1250 words | 20 | N | Individual |
| Quiz | 1 hour per quiz | 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