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

Course Texts

Textbook lists for ATAX courses will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses.

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

Study Levels

UNSW Quick Links

Handbook 2013

Direct Find

Accounting 2 - ATAX0010

Description

Study Levels

UNSW Quick Links