Key facts
UNE unit code: AFM406
*You are viewing the 2025 version of this unit which may be subject to change in future.
- Trimester 1 - On Campus
- Trimester 1 - Online
- Trimester 2 - On Campus
- Trimester 2 - Online
- Adelaide Location
- Armidale Campus
- UNE Sydney Campus
- Yes
- No
- Yes
- 6
Unit information
This introductory unit will thoroughly prepare you for later postgraduate units in the accounting stream, while equipping you with financial skills that you can apply immediately in the workplace.
You must complete this unit if you are seeking Professional Accounting recognition.
In this unit you will examine the basic financial statements that summarise an entity’s financial transactions and learn to record economic transactions in the accounting records.
You will explore the fundamentals of preparing or understanding published financial statements with a focus on the double-entry book-keeping system for analysing, summarising, and recording business transactions in an organisation’s accounting system for decision making.
This unit offers a wide range of resources to support different approaches to learning. You may complete assessments on demand, enabling you to accelerate your study to complete the unit early.
Offerings
For further information about UNE's teaching periods, please go to Principal Dates.
| Teaching period | Mode/location |
|---|---|
| Trimester 1 | On Campus, Adelaide Location |
| Trimester 1 | On Campus, Armidale Campus |
| Trimester 1 | On Campus, UNE Sydney Campus |
| Trimester 1 | Online |
| Trimester 2 | On Campus, Adelaide Location |
| Trimester 2 | On Campus, Armidale Campus |
| Trimester 2 | Online |
| Trimester 3 | Online |
*Offering is subject to availability
Intensive schools
There are no intensive schools required for this unit.
Enrolment rules
Notes
essential for candidates seeking Professional Accounting recognition
Please refer to the student handbook for current details on this unit.
Unit coordinator(s)
Learning outcomes
Upon completion of this unit, students will be able to:
- demonstrate a specialised knowledge of the theory and practice of fundamental accounting concepts; with particular emphasis on using the double-entry book-keeping system for analysing, summarising, and recording, business transactions in an organisation's accounting system in order to make business decisions;
- demonstrate a comprehensive knowledge of how assets are measured, recorded and protected;
- use a range of cognitive and communications skills to review critically, analyse, consolidate and synthesise relevant accounting information to demonstrate critical thinking and judgment in solving business-related problems;
- work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills; and
- demonstrate the ability to recognise, reflect on, and respond appropriately to a range of ethical, cultural or social issues influencing the roles, responsibilities, and practices of accountants in business and society.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
| Title | Must Complete | Weight | Offerings | Assessment Notes |
|---|---|---|---|---|
| Assignment 1 | Yes | 15% | All offerings | Essay question of 1500 words applying accounting knowledge to a practical situation. No. Words: 1500 |
| Mid-term Exam | Yes | 30% | All offerings | Invigilated assessment (Covers topics 1-6). Students must achieve a minimum of 50% combined total from the mid-term and final examination, as well as at least 50% overall, to receive a pass grade (or higher) in the unit. |
| Online Quiz 1 | No | 12.5% | All offerings | Non-invigilated assessment (Covers topics 1, 2 and 3). |
| Online Quiz 2 | No | 12.5% | All offerings | Non-invigilated assessment (Covers topics 4, 5 and 6). |
| Final Examination | Yes | 30% | All offerings | Invigilated assessment (Covers topics 7-11). Students must achieve a minimum of 50% combined total from the mid-term and final examination, as well as at least 50% overall, to receive a pass grade (or higher) in the unit. |
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
Financial Accounting
ISBN: 9780655700326
Keene, D., Miller-Nobles, T., Mattison, B., Matsumura, E. M. and Best, P., Pearson Education 9th ed. 2021
Text refers to: All offerings
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