306-103 Accounting 1A

Students who have achieved 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.

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.

A 3-hour end-of-semester examination (80%), a practice set totalling not more than 3000 words (10%) and tutorial participation assessment (10%). Satisfactory completion of this subject requires a 50% pass in the end-of-semester examination.

To be advised.