306-103 Accounting 1A

Note

Students who have acheived a study score of at least 44 in VCE Accounting or a mark of at least 88 in the Trinity Foundation subject Accounting are exempted from this subject. Any student electing to take Accounting 1A may not subsequently avail themselves of the exemption in the event that they fail Accounting 1A.

Credit Points

12.5

HECS Band

2

Coordinator

To be advised

Semester

1, repeat 2 (view timetable)

Contact

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

Subject Description

Topics include the nature and purpose of accounting and accounting reports; the role of accounting information in decisions of external users; 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; and accounting for partnerships.

Assessment

A 3-hour end-of-semester examination (80%), a practice set totalling not more than 80 pages (10%) and tutorial assessment (10%). Satisfactory completion of this subject requires a 50% pass in the exam.

Prescribed Texts

  • Horngren, Harrison, Bamber, Best, Fraser and Willett, Accounting. 3rd edition, Prentice Hall.


Status:                   Official 2002
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