FINANCIAL ACCOUNTING

Course overview

This course develops financial accounting skills for profit and not-for-profit entities. You will apply accounting principles, account for assets and liabilities, prepare statements and use ratios to interpret financial information.

What you will study

Legal and conceptual frameworks; assets and liabilities; financial statements for different entities; ratio analysis; incomplete records; concepts and techniques for public entity accounting.

How to study

Work through the course sections in order and check which resources are available. Read the relevant material before attempting practice activities. Keep a record of difficult topics and questions to discuss with your instructor.

Preparing for assessments

Before attempting an assessment, read its instructions, time limit and mark allocation. Show your reasoning or workings clearly, check your answers, and use feedback to guide your revision.