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Accounting 2 - ATAX0010
Law Books

 
Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Prerequisite: ATAX0005
 
 
Fee Band: 3 (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 balance sheet and the preparation of the cash flow statement. 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.


Recommended Prior Knowledge

ATAX0005 Accounting 1 is a prerequisite.

Course Objectives

Having completed this course you should be able to:
  • Extend the technical coverage of financial reporting by examining cash flows and developing the skills to prepare a cash flow statement and cash budget
  • Integrate the technical knowledge of ATAX0005 and apply the knowledge in a wider context by: learning how to analyse financial statements for decision making and thus, understanding the role and implications of accounting in contemporary business and commercial environments
  • Demonstrate a basic understanding of the types of accounting information used by management for decision-making and an awareness of the contemporary developments in management accounting
  • Apply the relevant technical skills required to prepare budgets, costing reports and cost behaviour analysis

Main Topics

  • Reporting and analysing liabilities
  • Reporting and analysing equity
  • Cash flow statements
  • Financial statement analysis
  • Introduction to management accounting
  • Cost accounting systems
  • Cost-volume-profit relationships
  • Budgeting

Assessment

Assignment 1 - 20%
Assignment 2 - 15%
My eLearning Vista MCQ quizzes, 3 quizzes (5% each) - 15%
Final Exam, Closed book, 2 hours duration - 50%

Course Texts

Prescribed
Kimmel P, Carlon S, Loftus J, Mladenovic R, Kieso D & Weygandt J, Accounting: Building Business Skills (Brisbane: John Wiley & Sons Australia Ltd, 3rd ed, 2009)

Citation and Style Guides
The following is a selection of acceptable citation and style guides, which you may use as the basis for your written work. You must purchase or have access to one of the following publications:
  • Rozenberg P, Australian guide to uniform legal citation (Sydney: Lawbook Co, 2nd ed, 2003)
  • Stuhmcke A, Legal referencing (Sydney: Butterworths, 3rd ed, 2005)
  • Australian guide to legal citation (Melbourne University Law Review Association, 2nd ed, 2002) - Available from http://mulr.law.unimelb.edu.au/aglc.asp

Note that in disciplines other than Law (ie, Accounting and Economics) the literature in these courses has, for the most part, been written in the Harvard style and in these courses you may prefer to use the Harvard style of referencing. Guides to using the Harvard style can be accessed at the following websites:

http://www.lc.unsw.edu.au/onlib/ref.html
http://www.usq.edu.au/library/infoabout/ref_guides/default.htm

In this course, it is acceptable to use either one of the prescribed legal styles, or the Harvard style. However, whatever style you adopt must be used consistently and correctly - you must not mix one style with another.

Recommended
Refer to Course Profile supplied by Lecturer.

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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.