ACC2102 Financial Accounting

Requisites

Pre-requisite: ACC1105
Enrolment is not permitted in ACC2102 if ACC1102 has been previously completed.

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Synopsis

In this course students will study various sources of authority as they relate to the recording transactions and events and the preparation of financial statements and business reports, including sustainability reports. Students will investigate a number of specific accounting standards and generally accepted accounting principles (GAAP) in this course, including accounting for assets (e.g. financial assets, property, plant and equipment and leased assets), liabilities (provisions, debentures and leases), equity (partnerships and companies) and income, revenue and expense recognition. Students will prepare financial statements for reporting entities (statement of financial position, statement of profit and loss and other comprehensive income, statement of changes in equity), record journal entries for complex business transactions and events and complete a team-based analytical report.

Course offers