- 6 points
Availability Location Mode Non-standard teaching period UWA (Perth) Face to face Non-standard teaching period UWA (Perth) Face to face Trimester 1 UWA (Perth) Face to face Trimester 2 UWA (Perth) Face to face Trimester 3 UWA (Perth) Face to face Trimester 1 Online Online Trimester 3 Online Online
- This unit develops students' ability to understand, interpret and use financial reports. It is structured to provide an understanding of accounting concepts, issues and problems rather than educating someone to take the role of a professional accountant. The focus of the unit is on accounting for external users and, after developing an understanding of the basic concepts underlying external general purpose financial reports, techniques to analyse such reports are examined. The unit also provides an introduction to accounting for internal users. Basic cost concepts for making operating and strategic decisions within an organisation are discussed.
- Students are able to (1) demonstrate the capability for applying, analysing, synthesising and evaluating information from multiple sources to make decisions about the financial performance of entities; (2) identify the concepts and be aware of the major requirements impacting upon the form and content of general purpose financial statements; (3) identify the different purposes for preparing accounting information for external and internal users; (4) explain and apply different concepts of costs to business decisions; (5) demonstrate an ability to work effectively in teams; and (6) recognise, understand and respond to potential ethical issues confronting accountants.
- Indicative assessments in this unit are as follows: (1) tests; (2) team exercises; and (3) final exam. Further information is available in the unit outline.
To pass this unit, a student must: (a) achieve an overall mark of 50 per cent or higher for the unit; and (b) achieve the requisite requirements(s) or a mark of 50 per cent or greater, whichever is higher and specified in the unit outline, for the final exam component.
Supplementary assessment is not available in this unit.
- Unit Coordinator(s)
- Professor Phil Hancock; Warrick Van Zyl; Nikki Schonfeldt
- Unit rules
- enrolment in one of the following courses: Master of Business Administration (coursework); Master of Business Administration (coursework and dissertation); Graduate Certificate in Business; Graduate Certificate in Entrepreneurship and Innovation);
approval from the Faculty of Business only, which will be determined with regard to relevant documented professional work experience.
- ACCT5432 Introductory Financial Accounting
- Contact hours
- trimester teaching periods—lectures/seminars/workshops: up to 3 hours per week; non-standard teaching period—lectures/seminars/workshops: up to 5 hours per week over 7 weeks; online—nil
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.