Accounting 101 - Acc Soc Guide Course to Build an Accounting Major at UNSW PDF

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Download Accounting 101 - Acc Soc Guide Course to Build an Accounting Major at UNSW PDF

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THE UNSW ACCOUNTING SOCIETY PRESENTS:

A comprehensive course guide to help you plan out your degree and give an insight into every one of your Accounting courses.

2019 T2 EDITION

3 4 Commerce (Accounting Major)

5 Commerce (Accounting and Finance Major)

6

Commerce/Law

7-8 9 - 15 9 10 11 12 13 14 15

ACCT1501 ACCT1511 ACCT2522 ACCT2542 ACCT3563 ACCT3583 ACCT3708

ACCOUNTING 101

FOR COMMERCE DEGREES AND MAJORS IN ACCOUNTING/FINANCE

ACCOUNTING MAJOR ACCT1501 ACCT1511 ACCT2522 ACCT2542 ACCT3563 + 3X COMM ELECTIVES

COMMERCE ACCT1501 ECON1203 ECON1101 MGMT1001 ACCT1511 (F) FINS1613 (F) INFS1602 (F) TABL1710 (F) +8X G.E/F.E

COMMER CE FLEXIBLELE COUR SES Choose four from here ACCT1511 COMM1000 ECON1102 FINS1613

INFS1602 MARK1012 MGMT1101 TABL1710

FINANCE MAJOR FINS1612 FINS1613 FINS2624 FINS3616 +4X COMM ELECTIVES

NOTES G.E = General Education F.E = Free Elective The electives suggested here contribute to CA accreditation! For more info, seepage 7

COMMERCE: ACCT SINGLE MAJOR

ACCT1501 ECON1101 FINS1613

ACCT1511 MGMT1001 G.E/F.E

ECON1203 INFS1602

ACCT2522 TABL1710 G.E/F.E

ACCT2542 G.E/F.E G.E/F.E

ACCT3563 G.E/F.E

ACCT3583 TABL2741 G.E/F.E

TABL2751 G.E/F.E G.E/F.E

ACCT3708 G.E/F.E

9 gen ed units are left which can be used to pursue another major/minor or be used for interest courses :)

COMMERCE: ACCT & FINS DOUBLE MAJOR

Completing CA units + MGMT1001 is enough to finish an accounting major AND all required courses for a single commerce degree

Commerce/Law

IS A AC REDITATION? The Chartered Accountant(CA) accreditation officially declares an accountant qualified to offer the full range of accountancy services privately and to the public. Graduates who have completed an undergraduate degree with a major in accounting are eligible to register for the 'Chartered Accountants Program' and become Provisional Members, provided they have completed accredited cour in the core knowledge areas - which will be covered n the next page.

WHY BE A CHARTERED ACCOUNTANT? CA is the only professional accounting body in Australia registered as a higher education provider by the Australian government. Once you complete the program, you will hold an accredited and internationally recognised postgraduate qualification the Graduate Diploma of Chartered Accounting (GradDipCA).

Visithttps://www.charteredaccountantsanz.com/ for more information

C

R DITATION UNITS CA COURSES: ACCT MAJOR COURSE 501 511 522 542 563 583 ACCT3708 MGMT1001

OFFERINGS T1, T2, T3 ST, T1, T2 T1 ST, T2 T1, T3 T1, T3 T1, T3 T1, T2, T3

PRE-REQS N AC AC AC AC AC ACCT2542 NONE

The remaining CA courses you'll take depend on your degree:

REMAINING CA COURSES: COMM/COMBINED COMM COURSE FINS1613 TABL1710 TABL2741 TABL2751 INFS1602 ECON1101 ECON1203

OFFERINGS

PRE-REQS

NONE ST, T1, T2, T3 ST, T1, T2, T3 No LAWS TABL1710 ST, T1, T3 TABL1710 ST, T2, T3 NONE T1, T2, T3 NONE ST, T1, T2, T3 NONE ST, T1, T2, T3

COMM/LAW OFFERINGS COURSE FINS1613 ST, T1, T2, T3 LAWS1052 T1 LAWS1075 T1, T3* LAWS1091 T1, T2* TABL2751 ST, T2, T3 LAWS3751 T1 INFS1602 T1, T2, T3 ECON1101 ST, T1, T2, T3 ECON1203 ST, T1, T2, T3

*by request

PRE-REQS NONE NONE LAWS1150 LAWS1150 NONE 78 law uoc NONE NONE NONE

CLASS OVERVIEWS

A CCT 1 501 TE R M O FF ER IN GS :

T1, T2, T3

PR E R E Q UI SI TE S:

C LA SS ST RU CT UR E:

None

3.5 Contact Hours p/week ⤷ Lectures: 2 hours ⤷ Tutorials: 1.5 hours

O V E R V I EW

Providing an introduction to basic concepts in accounting, and their application for decision making by a wide range of potential users

WH AT Y OU L EA R N

Basic accounting concepts Recording accounting transactions under balance sheet Income statement, Ledgers and more..

A SSE SS ME NT S TR UC T UR E:

10%: Tutorial participation 15%: In-class (tutorial) quizzes 25%: Mid-session test 50%: Final examination

C O U R SE R ES OU RC ES (T EX TB OO K) - F OR A CC T1 51 1 TO O

Trotman, K. Carson, E., & Morgan, K., 2019 Financial Accounting: An Integrated Approach 7th edition + Management Accounting Supplement 7th edition, Melbourne: Thomson Nelson ITP

CLASS OVERVIEWS

A CCT 1 51 1 TE R M O FF ER IN GS :

Summer Term, T1, T2

PR E R E Q UI SI TE S:

C LA SS ST RU CT UR E:

ACCT1501

3.0 Contact Hours p/week ⤷ Lectures: 2 hours ⤷ Tutorials: 2 hour (every two weeks)

O V E R V I EW

WH AT Y OU L EA R N

Rounding out the fundamentals of Accounting, reiterating what was learnt in 1A with more in depth understanding of financial statements and the standards that govern them.

Basic accounting concepts Asset and liability classification Depreciation, cash flows, income statement and analysis and more..

A SSE SS ME NT S TR UC T UR E:

20%: Team quizzes (once every two weeks- best 4/5), 20%: Individual quiz (once every 2 weeks- best 4/5), 60%: Final examination

H A R DE S T CO NC EP TS

Being able to complete both direct and indirect cash flow statements will take a significant amount of time to create and draft up Mastering T accounts, and being able to do them quickly in your head to find the balancing journal entry.

CLASS OVERVIEWS

A CCT 2 52 2 TE R M O FF ER IN GS :

T1

PR E R E Q UI SI TE S:

C LA SS ST RU CT UR E:

ACCT1511

3.5 Contact Hours p/week ⤷ Lectures: 2 hours ⤷ Tutorials: 1.5 hours

O V E R V I EW

Providing knowledge about management accounting, which is used to allocate organisational resources in an efficient and effective way.

A SSE SS ME NT S TR UC T UR E:

6%: Homework preparation 6%: Online quizzes 28%: Mid-term examination 60%: Final Examination

W H A T Y OU L EA RN

The design and operation of management accounting systems for planning and control The role of management accounting practices in supporting effective resource management and process improvement The manner in which these practices affect and are affected by human processes within organisations. and more..

H A R DE S T CO NC EP TS

Concepts introduced towards the second-half of the course are the most challenging, such as performance evaluation and agency theory. Also, there are usually many different applications and methods of calculations introduced throughout the course. It’s best to memorize these applications (and the formulas) and to really understand the theory behind them to ensure a good performance in tests.

CLASS OVERVIEWS

A CCT 2 542 TE R M O FF ER IN GS :

Summer Term, T2

PR E R E Q UI SI TE S:

C LA SS ST RU CT UR E:

ACCT1511

3.5 Contact Hours p/week ⤷ Lectures: 2 hours ⤷ Tutorials: 1.5 hours

O V E R V I EW

WH AT Y OU L EA R N

Intermediate financial accounting course is intended for students who will be involved in the preparation or use of

Complex business transactions events and structures and more..

corporate financial reports whether as accountants, financial executives, auditors, financial analysts, actuaries or legal advisors.

A SSE SS ME NT S TR UC T UR E:

10%: Tutorial participation 10%: In-tutorial quiz 1 20%: In- tutorial quiz 2 60%: Final examination

H A R DE S T CO NC EP TS

Consolidation accounting - while tedious, you will see that the same formula of journal entries appearing throughout the weeks, and you can only really master them effectively through repetition and practice.

CLASS OVERVIEWS

A CCT 3 56 3 TE R M O FF ER IN GS :

T1, T3

PR E R E Q UI SI TE S:

C LA SS ST RU CT UR E:

ACCT2542

3.0 Contact Hours p/week ⤷ Seminar: 3 hours

O V E R V I EW

WH AT Y OU L EA R N

Building on ACCT2542, this diverse course covers topical issues in financial reporting, including sharebased payments, extractive industries, biological assets, impacts of culture on accounting and more.

Leases Sharebased payments Extractive industries Biological assets Foreign currency transactions Diversified operations Derivative financial instruments and more..

A SSE SS ME NT S TR UC T UR E:

20%: Multiple choice quizzes held in class in weeks 3, 6 and 9 3 sets of 1x individual, 1x group 5%: individual report 20%: group report 55%: Final examination

H A R DE S T CO NC EP TS

Understand the main theories of ethics, especially self-interest maximization, utilitarianism and Aristotelian virtue ethics, and apply these to solve particular financial reporting issues covered in the Course.

CLASS OVERVIEWS

A CCT 3 583 TE R M O FF ER IN GS :

T1, T3

PR E R E Q UI SI TE S:

C LA SS ST RU CT UR E:

ACCT2522

3.0 Contact Hours p/week ⤷ Seminars: 3 hours

O V E R V I EW

The ways in which these resources are managed affect the ability of organisations to deliver value to various stakeholders, such as shareholders, customers, employees, suppliers, the community and the natural environment, both in the short and long-terms.

A SSE SS ME NT S TR UC T UR E:

10%: Course Preparation Assurance Test 20%: Team Case Project 15%: Team Case Presentation 55%: Final examination

WH AT Y OU L EA R N

The link between management accountinginformation and strategic issues How management accounting information facilitates: the formulation and implementation of organisational strategy the evaluation of organisational strategy by focusing on four perspectives of strategicperformance and more..

CLASS OVERVIEWS

A CCT 3 708 TE R M O FF ER IN GS :

T1, T3

PR E R E Q UI SI TE S:

C LA SS ST RU CT UR E:

ACCT2542

3.0 Contact Hours p/week ⤷ Seminars: 3 hours

O V E R V I EW

This course examines the practice of auditing and the underlying concepts, auditors responsibilities and the audit environment.

WH AT Y OU L EA R N

The course is intended to provide an overview of the audit process as it exists in Australia. Both CIS and computer-assisted audit techniques are an integral part of this course.

A SSE SS ME NT S TR UC T UR E:

20%: Major Assignment 24%: 2 multiple choice quizzes 56%: Final examination

C O U R SE R ES OU RC ES (T EX TB OO KS )

Gay G, and R. Simnett Auditing and Assurance Services in Australia, McGraw-Hill, 7th edition , 2017 (can be bought as eBook on McGraw-Hill) Martinov-Bennie N., Soh D. and Frohbus K., Auditing and Assurance: A Case Studies Approach, Lexis Nexis, 7th Edition 2017...