Week 1 Lecture Notes (6 slides)

Week 1 Lecture Notes (6 slides) - THE UNIVERSITY OF NEW...

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Session 2, 2011 THE UNIVERSITY OF NEW SOUTH WALES Australian School of Business School of Accounting ACCT 1501: Accounting and Financial Management 1A Week 1 Introduction to Financial Accounting & Key Financial Statements Student Handout Lecturer: Dr. Youngdeok Lim School of Accounting UNSW QUAD 3069 [email protected] Blackboard: http://telt.unsw.edu.au .
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AFM1A 2 WEEK 1: Introduction to Financial Accounting & Key Financial Statements Welcome to Accounting and Financial Management 1A. In this first lecture you will be introduced to the lecture staff on the course and be given the Course Outline. We will be outlining the objectives of the subject, its structure and requirements as described in the Course Outline and answer any questions you may have about the course. We will be referring to the Woolworths 2007 Annual Report (WW2007) throughout the course. The annual report is included as an appendix in your course textbook (Trotman & Gibbons (T&G) pages 709-748). We will then begin to explore the nature of accounting and introduce general purpose financial reports. Learning objectives At the end of this topic you will be able to: Understand the overall course requirements and assessment tasks for this unit. Define Accounting Begin to become familiar with the Woolworths 2007 annual report and the information it contains. Be aware of key financial statements and the users of these reports. Understand the foundations of modern accounting practices including the underlying assumptions of financial reporting Begin to understand the accrual concept Required Reading ACCT1501: Accounting and Financial Management 1A: Course Outline Trotman & Gibbins Chapter 1: sections 1.1 to 1.4, & 1.9 - 1.11; Appendix 1 (WW2007)
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AFM1A 3 2. Tutorial Questions – Week 2 Preparation Questions You should attempt these questions before the tutorial. The answers to the preparation questions will be made available on the course website at the end of the relevant lecture week. In this way you can check your understanding of these questions before the tutorial class. You are welcome to raise any unresolved issues that you have with the preparation questions with your tutor. This will be important and essential information for you when you complete your reflection task. DQ 1.1, 1.2, 1.3, 1.7, P1.6, P1.7, P1.16, C1A (1-7) Tutorial Questions The answers to tutorial questions are the focus of the tutorial class work: DQ 1.12, 1.16, P1.15, P1.25
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AFM1A 4 ABC faced insolvency in 2007 Colin Kruger May 22, 2010 ABC Learning was staring down the barrel of a $1.78 billion loss for the 2008 financial year when it collapsed, but the company may have been insolvent as early as mid-2007, according to a report from its administrators, led by Ferrier Hodgson's Greg Moloney. In the final drafts of ABC's financial statements prepared for the year ending June 30,
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This note was uploaded on 10/20/2011 for the course COMMERCE 3502 taught by Professor All during the One '11 term at University of New South Wales.

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Week 1 Lecture Notes (6 slides) - THE UNIVERSITY OF NEW...

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