- 6 points
Availability Location Mode 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 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 examination. 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 examination component.
Supplementary assessment is not available in this unit.
- Unit Coordinator(s)
- Professor Phil Hancock for Summer; Glen Hutchings for Trimesters 1; Warrick Van Zyl for Trimester 2 & 3
- 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); or approval from The Business School only, which will be determined with regard to relevant documented professional work experience.
- ACCT5432 Introductory Financial Accounting
- Incidental fees
- Incidental student fees and charges are costs incurred by students as part of their studies at UWA that are in addition to their tuition fees (further information is available here or contact your Faculty Office).
Participation in this unit will incur the following incidental fee(s):Zodiac Board (estimated cost - $75.00).
- Contact hours
- trimester teaching periods—lectures/seminars/workshops: up to 3 hours per week; non-standard teaching period—lectures/seminars/workshops: up to 6 hours per week over 6 weeks; online—nil
- Unit Outline
- Trimester 1-2020 [TRI-1-2020]
Trimester 1_2019_ONLINE [TRI-1_2019_ONLINE]
Trimester 2_2019_ONLINE [TRI-2_2019_ONLINE]
Non-standard teaching period [TS-G-1C-2020]
- 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. Reading lists and essential textbooks are subject to change each semester. 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. Copies of textbooks and other readings will be made available for students to access from the Library, online wherever possible as well as in print.
- If this unit is offered as on-campus face-to-face study only, 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.