UNSW Handbook Course - Accounting 2

Accounting 2 - ATAX0010


	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
	Available for General Education: Yes (more info)

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
Information regarding the Atax Textbook Lists for Semester 1 will be available on the UNSW Bookshop website from 1 February.

Information regarding the Atax Textbook Lists for Semester 2 will be available on the UNSW Bookshop website from 1 July.

Order from UNSW Bookshop:
http://www.bookshop.unsw.edu.au/atax.html

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.