306-102 Accounting Concepts

• During the Summer Semester, this subject is only offered on a fee-paying basis. See your home faculty for a fee schedule.

• 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 specialise in accounting. Students may not gain credit for both 306-102 Accounting Concepts and either 306-103 Accounting 1A or 306-104 Accounting 1B.

This subject introduces students to the nature of accounting and its role in business. Topics covered provide an overview of key financial and managerial accounting concepts and include the recording of business transactions; the measurement of business profit; the analysis and interpretation of financial statement data; cost accounting and reporting systems; and cost analysis for planning, control and decision making. The coverage and treatment of material in this course is specifically designed to meet the needs of undergraduate students from all disciplines. The course is intended as a terminating unit in accounting.

A 3-hour end-of-semester examination (70%), assignments totalling not more than 3000 words (20%) and tutorial participation and preparation (10%). Satisfactory completion of this subject requires a 50% pass in the end-of-semester examination.

To be advised.