AFM101 Introduction to Financial Accounting

Updated: 27 September 2017
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study
Armidale Trimester 1 Online
Armidale Trimester 1 On Campus
Armidale Trimester 2 Online
Intensive School(s)

Intensive schools are for students enrolled in Online Mode only, unless specified in the notes.

Start Finish Attendance Notes
22 April 2018 24 April 2018 Non-Mandatory Trimester 1 Intensive School. If the minimum number of student registrations has not been reached at least four weeks prior to the scheduled date, the Non-Mandatory Intensive School will be cancelled.
27 August 2018 29 August 2018 Non-Mandatory Trimester 2 Intensive School. If the minimum number of student registrations has not been reached at least four weeks prior to the scheduled date, the Non-Mandatory Intensive School will be cancelled.
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites None
Co-requisites None
Restrictions AFM217 or AFM317
Notes None
Combined Units None
Coordinator(s) Brent Gregory (bgregory@une.edu.au)
Unit Description

This unit provides a comprehensive introduction to the theory and practice of financial accounting. The unit provides a detailed explanation of the double entry framework used to represent the activities and affairs of businesses/firms in monetary terms. The conventional rules to recognise and measure the financial effects of economic events are examined. Attention is given to the design and operation of procedures to record, store, control and summarise data in accounting systems.

Important Information

Where calculators are permitted in examinations, it must be selected from an approved list, which can be accessed from the Further Information link below.

Further information

Materials Textbook information will be displayed approximately 8 weeks prior to the commencement of the teaching period. Please note that textbook requirements may vary from one teaching period to the next.
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment Assessment information will be published prior to commencement of the teaching period.
Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. demonstrate a foundational proficiency in the accounting cycle from recording transactions through to preparing financial statements;
  2. demonstrate a foundational knowledge related to how assets are measured, recorded and protected;
  3. use a range of cognitive and communications skills to identify, evaluate and synthesise relevant accounting information to demonstrate judgement, creative thinking and analytical skills in solving business-related problems;
  4. work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills; and
  5. demonstrate the ability to recognise, reflect on, and respond appropriately to a range of ethical, cultural or social issues influencing the roles, responsibilities and practices of accountants in business and society.