UNSW Handbook Course - Accounting 1

Accounting 1 - ATAX0105


	Faculty: Faculty of Law
	School: Australian School of Taxation
	Course Outline: See below
	Campus: ATAX Campus
	Career: Postgraduate
	Units of Credit: 6
	EFTSL: 0.125 (more info)
	Contact Hours per Week: 0
	Enrolment Requirements:
	Restricted to students enrolled in Program 5541
	Fee Band: 2 (more info)
	Further Information: See Class Timetable

Description

This is the first course in a sequence of courses dealing with the profession and the practice of accounting and the literature associated with it. Students will be introduced to: the design of accounting information systems (classifications and chart of accounts, cash or accrual systems, concept and measurement selection, continuous or periodic recording); systems of accounting record (the accounting equation, document flows, accounts and ledgers, the double-entry systems, journals and subsidiary ledgers internal and accounting control); recording merchandising operations (sales, purchases, returns, allowances, receipts, payments, inventory effects); accounting for receivables and payables; inventories; and accounting for non-current assets.

Course Objectives

The main objectives of this course are:

to outline the framework within which accountants operate and understand the purpose and rationale of the disciple of accounting
to introduce students to the language and reasoning process of accounting
to develop an extensive understanding of the accounting cycle and the operation of accounting information systems
to identify, define and record events affecting a business' financial position, and
to develop critical skills in analysing, communicating and presenting arguments based on accounting information.

Modes of Delivery

Flexible Learning

Assessment

Assignment 1		20%
Assignment 2		20%
WebCT Quiz 1		5%
WebCT Quiz 2		5%
Final Examination	Closed book	50%

Pass Requirements

50 per cent or more of the total marks available in the course and
at least 40 per cent of the marks available for the final examination in the course.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.