Introduction to Financial Accounting (AFM101)
Key facts
- Yes
- 6
Unit information
A strong understanding of the foundations of financial accounting will add value in your role and future proof your career in business.
Studying this unit, you will gain a comprehensive introduction to the theory and practice of financial accounting and the basis of business thinking.
You will explore, in detail, the double entry framework used to represent the activities and affairs of businesses/firms in monetary terms.
You will examine the conventional rules to recognise and measure the financial effects of economic events.
Focusing on accounting systems design and operation, you will learn the basics of recording, categorising, summarising and reporting data.
This unit offers a wide range of resources to support different approaches to learning. You may complete assessments on demand, enabling you to accelerate your study to complete the unit early.
Notes
Study at the UNE Sydney Campus is only available to international students admitted to the Bachelor of Business under Rule (e), studying the Analytics and Informatics Major.
Please refer to the student handbook for further details on this unit.
Unit coordinator(s)
Learning outcomes
Upon completion of this unit, students will be able to:
- demonstrate a foundational proficiency in the accounting cycle from recording transactions through to preparing financial statements;
- demonstrate a foundational knowledge related to how assets are measured, recorded and protected;
- use a range of cognitive and communications skills to identify, evaluate and synthesise relevant accounting information to demonstrate judgement, creative thinking and analytical skills in solving business-related problems;
- work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills; and
- demonstrate the ability to recognise, reflect on, and respond appropriately to a range of ethical, cultural or social issues influencing the roles, responsibilities and practices of accountants in business and society.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
| Title | Must Complete | Weight | Offerings | Assessment Notes |
|---|---|---|---|---|
| Mid-term Exam | Yes | 35% | All offerings |
Invigilated assessment (Covers topics 1-6) Students must achieve a minimum of 50% combined total from the mid-term and final examination, as well as at least 50% overall, to receive a pass grade (or higher) in the unit. |
| Quiz 1 | No | 10% | All offerings |
Non-invigilated assessment (Covers topics 1, 2 and 3). |
| Quiz 2 | No | 10% | All offerings |
Non-invigilated assessment (Covers topics 4, 5 and 6). |
| Quiz 3 | No | 10% | All offerings |
Non-invigilated assessment (Covers topics 7, 8 and 9). |
| Final Examination | Yes | 35% | All offerings |
Invigilated assessment (Covers topics 7-11)
|
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
Financial Accounting
ISBN: 9780655700326
Keene, D., Miller-Nobles, T., Mattison, B., Matsumura, E. M. and Best, P., Pearson Education 9th ed. 2021
Text refers to: All offerings