Available in 2021
Course code

ACFI1001

Units

10 units

Level

1000 level

Course handbook

Description

Financial accounting and management accounting concepts provide the very foundation for business decision making. This course provides an introduction to financial accounting by analysing the accounting function and the preparation of conventional financial statements. Students will develop the initial skills of financial management while beginning to engage in appropriate ethical practices.


Availability2021 Course Timetables

Ourimbah

  • Semester 1 - 2021

Newcastle City Precinct

  • Semester 1 - 2021
  • Semester 2 - 2021

PSB Singapore

  • Trimester 2 - 2021 (Singapore)

Learning outcomes

On successful completion of the course students will be able to:

1. Discuss and explain the nature and purpose of accounting;

2. Prepare and interpret financial statements according to conventional methods of accounting;

3. Identify, analyse and evaluate financial information relevant to the operating, investing and financing decisions of a business entity;

4. Organise, calculate and analyse information relevant to decision making;

5. Demonstrate a growing awareness of ethics within the accounting environment.


Content

The course content includes the following topics:

  1. Introduction to accounting and different accounting entities
  2. Financial statements
  3. Recording accounting transactions
  4. Analysing, and interpreting Financial Statements
  5. Accounting systems
  6. Cost-volume-profit analysis
  7. Time value of money and capital investment decisions
  8. Budgeting
  9. Accounting for sustainability

Assessment items

Tutorial / Laboratory Exercises: Weekly Workshop Exercises

In Term Test: Mid Semester Test

Written Assignment: Project on Financial Statement Analysis

Formal Examination: Final Examination


Contact hours

Ourimbah

Lecture

Face to Face On Campus 1 hour(s) per Week for Full Term starting in week 1

Workshop

Face to Face On Campus 2 hour(s) per Week for Full Term starting in week 1

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Newcastle City Precinct

Lecture

Face to Face On Campus 1 hour(s) per Week for Full Term starting in week 1

Workshop

Face to Face On Campus 2 hour(s) per Week for Full Term starting in week 1

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

PSB Singapore

Lecture

Face to Face On Campus 1 hour(s) per Week for Full Term starting in week 1

Workshop

Face to Face On Campus 2 hour(s) per Week for Full Term starting in week 1

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.