AFM101 Introduction to Financial Accounting

Updated: 22 May 2018
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study
Armidale Trimester 1 Online
Armidale Trimester 1 On Campus
Armidale Trimester 2 Online
Armidale Trimester 3 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

For Trimester 1 and 2 Only: This unit has an Online Examination option. See assessment information for further details.

For Trimester 3 Only: In Trimester 3 2018 this unit will pilot a guided self-paced approach which will allow students to submit assessment tasks at any time up until the end of Trimester 1 2019. Students should consider whether they need to complete this unit in Trimester 3 in order to satisfy prerequisites for units they intend to study in Trimester 1. Students wishing to sit a hard copy exam in person at an established examination centre may do so during the exam period in T3 2018 or T1 2019. Alternatively, students may sit an online supervised exam via webcam and screen sharing technology at any time up until the end of Trimester 1 2019. See assessment information for further details.

Combined Units None
Coordinator(s)
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

Recommended Material
Optional

Text(s):

Note: Recommended material is held in the University Library - purchase is optional

ACCT2 Financial

ISBN: 9780170350341
Tyler, J., Godwin, N. Alderman, C.W., Cengage Learning Australia 2nd ed. 2016

Note: This textbook has changed to recommended only.

Text refers to: Trimester 1 and 2, On Campus and Online

Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Must
Complete
Title Exam Length Weight Mode No. Words
Compulsory Practice Set Quizzes 20% Trimester 1; 2 and 3
Assessment Notes

Students will be provided with a practice set task to work through. Two quizzes (at 10 marks each) will assess the material covered in the practice set.

Relates to Learning Outcomes (LO)

LO: 1,2 and 4

Topic Quiz 1 10% Trimester 1 and 2 only
Assessment Notes

Word length is not applicable owing to the statistical nature of the questions.

Relates to Learning Outcomes (LO)

LO: 1 and 5

Compulsory Topic Quiz 1 10% Trimester 3 Only
Assessment Notes

Word length is not applicable owing to the statistical nature of the questions.

Relates to Learning Outcomes (LO)

LO: 1 and 5

Topic Quiz 2 10% Trimester 1 and 2 only
Assessment Notes

Word length is not applicable owing to the statistical nature of the questions.

Relates to Learning Outcomes (LO)

LO: 1-5

Compulsory Topic Quiz 2 10% Trimester 3 Only
Assessment Notes

Word length is not applicable owing to the statistical nature of the questions.

Relates to Learning Outcomes (LO)

LO: 1-5

Tutorial Quizzes 10% Trimester 1; 2 and 3
Assessment Notes

Word length is not applicable owing to the statistical nature of the questions.

Relates to Learning Outcomes (LO)

LO: 1- 5

Compulsory Final Examination 2 hrs 15 mins 50% Trimester 1 and 2 only
Assessment Notes

Series of quantitative and qualitative questions. Students must obtain at least 50% in the examination (and at least 50% overall) to receive a pass (or better) in the unit. Students have the option to attempt the Final Exam early (in Week 12 which is the 10th teaching week) Online. This may be counted as the final exam mark or the exam can be re-attempted in person at an Exam Centre during the Exam Period. Students may choose to only sit the exam in person at an Exam Centre. This exam will be offered in hard copy at an established exam venue or online with supervision via webcam and screen sharing technology. Students who would like to take up the online option will need a webcam and a reliable internet connection. More information can be found on our web page at http://www.une.edu.au/current-students/my-course/examinations/olx-project

Relates to Learning Outcomes (LO)

LO: 1-5

Compulsory Final Examination 2 hrs 15 mins 50% Trimester 3 Only
Assessment Notes

Series of quantitative and qualitative questions. Students must obtain at least 50% in the examination (and at least 50% overall) to receive a pass (or better) in the unit. This exam will be offered in hard copy at an established exam venue or online with supervision via webcam and screen sharing technology. Students who would like to take up the online option will need a webcam and a reliable internet connection. More information can be found on our web page at http://www.une.edu.au/current-students/my-course/examinations/olx-project

Relates to Learning Outcomes (LO)

LO: 1-5


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.