306-103 Accounting 1A

Note

Students who have passed VCE Accounting with a VBOS mark of 44 or more out of 50 will be exempt from this subject in first semester. Students completing the Trinity College Foundation Programme accounting course will be similarly exempted if they obtain a mark of 88 or more out of 100. Such students should select another subject offered by the Faculty. Any student electing to take Accounting 1A may not subsequently avail themselves of the exemption in the event that they fail Accounting 1A.

Semester

Contact

Subject Description

Topics include: the nature and purpose of accounting and accounting reports; the role of accounting information in decisions of external users (shareholders, bankers and the like); understanding basic accounting concepts and conventions; the process of capturing information in the accounting system, the use of journals, ledgers and control accounts; summarising and reporting of accounting information; basic accounting reports.

Assessment

A 3-hour end-of-semester examination (90%); a project of approx. 20 hours' work (10%).