The Accounting II Unit covers a range of studies to help you better understand the fundamentals of finance and accounting in business. We will look at how financial information is recorded and then used by organisations to help them make better decisions and, ultimately, make more profit.
What Will You Learn?
Read and interpret Australian Accounting Standards;
Identify and apply principles and regulations relating to financial accounting and the preparation of financial statements;
Apply the processes of recognition, measurement and disclosure of accounting information in the preparation of general purpose financial statements;
Critically analyse and interpret case information and be able to develop a convincing argument to present their views on relevant accounting issues;
Work either individually or in a group to solve problems and communicate understanding of issues relating to the preparation of financial statements.
Course Content
Financial Resources and Business Planning
Financial Resources and Business Planning
The role of the accountant
00:00
Financial resources
00:00
The Construction of Financial Statements
The Construction of Financial Statements
Calculating profits
Adjustments
Cash flow statements
Accounts of clubs and societies
Partnership accounts
00:00
Company accounts
00:00
Capital transactions
The Provision of Financial Information
The Provision of Financial Information
Accounting ratios and preparing reports / SSAPs & FRSs