Financial Accounting 1
|Course code PACC6000||Units 10||Level 6000||Faculty of Business and LawNewcastle Business School|
Fundamental principles underpin accrual accounting and financial reporting. Financial Accounting 1 critically examines these principles providing students with the technical skills of accounting, including the analysis, recording, preparation and interpretation of accounting information.
Available in 2015
|Objectives||On successful completion of this course, students will be able to: |
1. Apply the double-entry system to a transaction data set, and proceed through the steps of the accounting cycle.
2. Prepare and analyse financial statements in accordance with conventional rules of accounting.
3. Resolve a financial accounting problem, and justify a solution using appropriate financial accounting concepts and principles.
4. Reflect on learning behaviours and identify strategies to improve learning.
|Content||This course includes the following topics: |
1. Framework of accounting / general principles of reporting / types of organisations
2. Recording business transactions
3. Measuring profit/ the adjusting process
4. Completing the accounting cycle
5. Retailing operations
6. Analysis and interpretation of financial statements
7. Accounting information systems: subsidiary ledgers and special journals
8. Internal control and cash
9. Accounting for receivables
10.Inventory costing methods
|Modes of Delivery||Internal Mode|
|Contact Hours||Lecture: for 3 hour(s) per Week for Full Term|
|Timetables||2015 Course Timetables for PACC6000|