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Accounting 2 - ATAX0010
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Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.125 (more info)
 
 
Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Prerequisite: ATAX0005
 
 
Fee Band: 2 (more info)
 
 
Further Information: See Class Timetable
 
 

Description

This course is complementary to ATAX0005 Accounting 1, and completes the preparation of the financial reports using the Australian regulatory requirements. It examines the shareholders' equity and liability section of the statement of financial position and the preparation of the statement of cash flows. Against this background, students prepare and analyse the general purpose financial reports prepared for the external users and examine the information and reports prepared for management decision making.


Course Objectives

The main objectives of this course are:

- To extend the technical coverage of financial reporting by examining cash flows and developing the skills to prepare Statement of Cash Flows and budgets.

- To integrate the technical knowledge of ATAX 0005/0105 and apply the knowledge in a wider context by:
  • understanding the link between corporate governance and financial reporting
  • exploring issues and controversies associated with current corporate accounting practices (for example, understanding the framework used to produce accounting information, the choices available to management when preparing financial statements and the implications for accountants and other financial statement users), and
  • learning how to analyse financial statements for decision-making and thus, understanding the role and implications of accounting in contemporary business and commercial environments.
- To develop a basic understanding of the types of accounting information used by management for decision-making.

- To further develop communication skills necessary for a successful commerce related career through the presentation and defence (in written and verbal forms) of the results of analysis and investigation.

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.