Financial Accounting 1

Undergraduate | 2026

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area/catalogue icon
Area/Catalogue
ACCT 1001
Course ID icon
Course ID
200270
Level of study
Level of study
Undergraduate
Unit value icon
Unit value
6
Course level icon
Course level
1
Study abroad and student exchange icon
Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
Yes
University-wide elective icon
University-wide elective course
Yes
Single course enrollment
Single course enrolment
Yes
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Note:
Course data is interim and subject to change

Course overview

The objective of the course is to provide exposure to and have students apply a variety of accounting processes influenced by the accounting standards and conceptual framework and be exposed to fundamental theoretical conceptual issues surrounding the practice of financial accounting.

  • Conceptual Framework, Accounting Cycle, And Retail Accounting
  • Accounting For Current Assets
  • Accounting For Non-Current Assets And Business Structures

Course learning outcomes

  • Explain the principles of financial accounting and their application in business transactions
  • Apply Accounting Standards and the Conceptual Framework to basic issues experienced in the practice of financial accounting
  • Demonstrate knowledge of the financial accounting process by undertaking procedures required for both manual and computer-based accounting systems

Prerequisite(s)

Corequisite(s)

N/A

Antirequisite(s)

N/A