ACCT5432 Introductory Financial Accounting

6 points
(see Timetable)

If this unit does not have an online alternative, then students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.

Semester 1UWA (Perth)Face to face Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online.
Semester 2UWA (Perth)Face to face Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online.
Semester 1OnlineOnline flexible 100% Online Unit. NO campus face-to-face attendance is required to complete this unit. All study requirements are online only. Unit is asynchronous delivery, with NO requirement for students to participate online at specific times.
This unit provides an understanding of accounting concepts, issues and problems. The focus is on accounting for external users. It also examines the basic concepts underlying external general purpose financial reports as well as techniques to analyse such reports. The unit initially uses a worksheet approach but then introduces debits and credits and the use of journals and ledger accounts to record the accounting cycle.
Students are able to (1) identify and justify the treatment of financial reporting transactions and demonstrate the ability to prepare accounting records and transactions that require judgement; (2) identify the concepts in relation to, and be aware of, the major requirements impacting upon the preparation of conventional financial statements; (3) critically apply theoretical and technical accounting knowledge in order to analyse and interpret information presented in financial statements (with particular emphasis on using ratio analysis and cash flow analysis); (4) develop competencies to work effectively in teams to resolve accounting issues; and (5) demonstrate the ability to produce clear and concise written communication in a complex accounting context.
Indicative assessments in this unit are as follows: (1) participation; (2) practical assessment; and (3) final examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Assistant Professor Leo Langa (Semester 1), Ms Nikki Schonfeldt (Semester 1 Online) and (Semester 2)
Unit rules
ACCT1101 Financial Accounting, ACCT5602 Accounting
Contact hours
lectures/seminars/workshops: up to 3 hours per week
Unit Outline
Semester 1_2020_ONLINE [SEM-1_2020_ONLINE]
  • 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.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit, one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus.