Associate Professor G. Burrows. 306-103 Accounting 1A or its equivalent. Students exempted from Accounting 1A satisfy the prerequisite. Second semester Two 1-hour lectures, a 1-hour tutorial and a 1-hour workshop a week. On completion of this subject a student should:

• understand the nature of company formation;
• be able to account for various share issues;
• understand the nature of profit distribution;
• understand various group structures;
• be able to deal with problems of accounting for groups;
• understand the special concerns of foreign operations;
• understand how share prices are determined;
• be able to analyse and interpret financial information;
• understand the limitations of financial statement analysis;
• understand cost concepts and cost behaviour;
• be familiar with budgets and responsibility accounting;
• understand the concepts needed for accounting for manufacturing.

The application of basic accounting concepts and methods to the following introductory topics: company accounting, analysis and interpretation of financial statements, cost concepts, cost behaviour and the use of cost data in manufacturing operations. A 3-hour end-of-semester examination (80 per cent); an assignment of up to 3,000 words (10 per cent); tutorial participation (10%). Satisfactory completion of this subject requires a 50% pass in the end-of-semester examination. To be advised