Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 188)
Accounting subject : Next:306-103 | Search | Help
306-102 "Accounting Concepts" appears differently in several places - choose the one you want:
1. Accounting, Faculty of Eco & Comm (v3, p188) : Next:306-103
Year 1 Accounting.
Note: Accounting Concepts is a single subject alternative to 306-103 Accounting 1A and 306-104 Accounting 1B. It is a non-specialised subject for students who do not wish to major in Accounting. A quota applies to non-Commerce students. Students may not gain credit for both Accounting Concepts 306-102 and either 306-103 Accounting 1A or 306-104 Accounting 1B.
Credit points: 12.5
Coordinator: Mr I Hilton.
Prerequisite: None
Contact: Two 1-hour lectures and a 1-hour tutorial a week.
Timetable: Second semester
Objectives:
On completion of this subject a student should:
- understand accounting concepts and the terminology used in accounting;
- understand the doctrines and procedures used to classify and process accounting transactions;
- be able to assess and make use of the financial information published in accounting reports;
- understand the elements in the costing of jobs and manufacturing;
- appreciate and be able to use accounting techniques to assist managers in making both short and long-run business decisions.
Content:
Basic balance sheet and income statement concepts: assets; liabilities; owners' equity; revenue; expenses. The measurement of profit. Significant balance sheet and income statement relationships. The nature of depreciation. Methods of calculating depreciation. Job costing and project accounting. Profit measurement in relation to projects. Cost/volume/profit analysis as a short-term decision tool. Discounted cash flow analysis as a tool for long-run decisions; basic taxation
Assessment:
A 2-hour end-of-semester examination (80%) and one assignment (20%). Satisfactory completion of this subject requires a 50% pass in the examination.
1. Accounting, Faculty of Eco & Comm (v3, p188) : Next:306-103
2. Architecture, Faculty of Architecture (v4, p37) : Next:702-419
Note: Accounting Concepts is a single subject alternative to 306-103 Accounting 1A and 306-104 Accounting 1B. It is a non-specialised subject for students who do not wish to major in Accounting. A quota applies to non-Commerce students. Students may not gain credit for both 306-102 Accounting Concepts and either 306-103 Accounting 1A or 306-104 Accounting 1B.
Credit points: 12.5
Coordinator: I. Hilton, Department of Accounting and Business Law.
Contact: Two 1-hour lectures and a 1-hour tutorial a week
Timetable: Second semester
Objectives:
Students should:
- understand accounting concepts and the terminology used in accounting;
- understand the doctrines and procedures used to classify and process accounting transactions;
- be able to assess and make use of the financial information published in accounting reports;
- understand the elements in the costing of jobs and processes;
- appreciate and be able to use accounting techniques to assist managers in making both short and long-run business decisions.
Content:
Basic balance sheet and income statement concepts: assets; liabilities; owners equity; revenue; expenses. The measurement of profit. Significant balance sheet and income statement relationships. The nature of depreciation. Methods of calculating depreciation. Job costing and project accounting. Profit measurement in relation to projects. Cost/volume/profit analysis as a short-term decision tool. Discounted cash flow analysis as a tool for long-run decisions.
Assessment:
One 3-hour end-of-semester paper (100%).
* Note that ASSESSMENT, CONTENT, COORDINATOR, NOTE, OBJECTIVES differs from the maintainer's version above. A log of variations is available.
2. Architecture, Faculty of Architecture (v4, p37) : Next:702-419
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Accounting and Finance, Faculty of Economics and Commerce.
Copyright © University of Melbourne 1995,1996.