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Unformatted text preview: 2/25/2011 1 Welcome to Financial Accounting A Paul Preda (ACCT2011) Semester 1, 2011 Focus of ACCT 2011 Applying specific accounting standards: interpreting (reading & understanding) technical skills (calculations, journal entries, presentation in financial statements) recognition and disclosure 2 Evaluating specific accounting standards: in relation to accounting concepts in relation to other accounting standards in relation to accounting theory in terms of the public interest Approximately 70% application & 30% evaluation Assumed Knowledge (from prior units) Basic bookkeeping (entries, ledger accounts) Financial statements & their relationships Accrual accounting Accounting for a/c receivable & bad debts 3 Accounting concepts, principles, assumptions Where necessary, review above topics ACCT 2011 staff Mr Paul Preda (Coordinator & Lecturer) Mr John Trowell (Lecturer) Ms Tina Huynh (Senior Tutor) 4 Contact details & consultation times on Blackboard Review email policy in course outline NO EMAILS ABOUT COURSE CONTENT TO ANY STAFF MEMBER Overview of ACCT 2011 Assessment Mid-semester test 40% Final exam (final exam period) 60% 5 Note: mid-semester exam date: morning of Saturday 16 April 2011 Overview of ACCT 2011 Prescribed textbooks Deegan, C.“Australian Financial Accounting” Customised 6 th ed., 2010; AND Picker, R. et. al. “Australian Accounting Standards” Customised 2 nd ed., 2010 6 Recommended text Accounting handbook 2011 (material can be freely downloaded from the AASB site ) – aasb. gov .au Other readings Access through library website (on-line course readings) or as instructed on Blackboard All weekly readings are examinable. 2/25/2011 2 Overview of ACCT 2011 Lecture Material Posted weekly on Blackboard (Learning Resources) Bring a copy to class each week with the relevant accounting standard(s) Attend only one lecture 7 Attend only one lecture Blackboard Announcements, assessment information, grades, etc. posted throughout the semester Instructions & solutions to Self-study questions Discussion forums – week-by-week Please check and read regularly Overview of ACCT 2011 Course content- See topic schedule in course outline Other matters you need to review- Academic honesty 8- Special consideration- Other University policies- Email policy Overview of ACCT 2011 Feedback › Marked midterm test: review solutions in designated times › Marked final exam: review in designated time Other forms of feedback provided on an on going 9 Other forms of feedback provided on an on-going basis Please Note Discipline policy does not allow us to provide exam solutions to students Week 1: Australian Financial Reporting Environment Deegan Customised Text: Chapters 1 & 2 (all) Handbook Readings (or download from AASB): Framework (incl. SAC 1 & 2) AASB101 (¶ 10, 15, Aus 15.1, Aus 15.2) 10 10 Required Readings: (from library E-Reserve ) “Sir David Tweedie: Keep it Simple" Self-Study Questions: See Blackboard for instructions; material will be...
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This note was uploaded on 04/29/2011 for the course ACCT 2011 taught by Professor D during the Three '11 term at University of Sydney.
- Three '11
- Financial Accounting