Week 1 Lecture Notes Australian Financial Reporting Context

Week 1 Lecture Notes Australian Financial Reporting Context...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 7/19/2011 1 Welcome to Financial Accounting A Prof Stewart Jones (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 7/19/2011 2 ACCT 2011 staff Professor Stewart Jones (Coordinator & Lecturer) Associate Professor Philip Lee (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 Saturday 10 September 2011 Coverage Week 1-6 inclusive 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. 7/19/2011 3 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 7/19/2011 4 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"...
View Full Document

This note was uploaded on 04/07/2012 for the course ACCT 2011 taught by Professor D during the Three '11 term at University of Sydney.

Page1 / 14

Week 1 Lecture Notes Australian Financial Reporting Context...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online