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Handbook 1997 : Faculty of Economics and Commerce : Accounting and Finance

306-104 Accounting 1B

Note:

Students who take Accounting 1A and Accounting 1B in the same year and fail Accounting 1A will be able to continue with Accounting 1B if their mark in that subject is 45% or more. Such students will be given a conceded pass (NCP) in Accounting 1A if they obtain a mark of at least 50% in Accounting 1B.

Coordinator:

Mr R Lee

Prerequisite/s:

306-103 Accounting 1A or its equivalent. Students exempted from Accounting 1A satisfy the prerequisite.

Timetable:

Semester 2

Contact:

Two 1-hour lectures, a 1-hour tutorial and a 1-hour workshop a week

Objectives:

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.

Content:

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.

Assessment:

A 3-hour end-of-semester examination (80%); an assignment of up to 3000 words (10%); tutorial participation (10%). Satisfactory completion of this subject requires a 50% pass in the end-of-semester examination.

Prescribed Texts:

To be advised.

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Handbook 1997 : Faculty of Economics and Commerce : Accounting and Finance 
Status:                   OFFICIAL 1997
Last Modified:            Wednesday March 12 3:36 pm
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.