ACC1100 / ACF5950 Intro to Financial Accounting (Sem 1 2020)
Difficulty:
Year Completed: Semester 1, 2020
Prerequisite: N/A
Exemption:
CB1 Business Finance
ACC1100 (50%), BFC2140(50%)
Weighted average of 70% required. Minimum of 60% required
for each unit.
Mean Setu Score: 77.8%
Clarity of Learning Outcomes: 81.4%
Clarity of Assessments: 79.8%
Feedback: 72.2%
Resources: 74.4%
Engagement: 82%
Satisfaction: 76.4%
Subject Content:
Lecture(s) and Tutorial(s):
Textbook(s):
Assessments:
This unit covered the Conceptual Framework, recording
processes, balance day adjustments, financial reports, inventory,
bank reconciliation, non-current assets, liabilities, equity and
income and expenses.
1 x 2 hour lecture
1 x 1.5 hour tutorial
Financial Accounting - the textbook was useful as it provided a
detailed explanation to the concepts. Some tutorial questions
were from the textbook.
XERO Assignment 10%
Manual Assignment 10%
Mid Semester Test 15%
Group Report and Videos 15%
Final Exam 50%
Comments
I found it to be a little bit challenging at the start as I hadn't done
accounting before. The textbook and tutorial questions helped
me to understand the concepts better. Eventually I didn't find it
hard as I worked through all tutorial questions.
The lectures were engaging. They explained the concept and then
provided some examples which were quite similar to some of the
tutorial questions. I would not have managed without watching
the lectures. Most lectures took less than 2 hours to go through.
Students were expected to attempt a set of questions and in-class
exercises before each tutorial, and the tutor would go over the
answers in detail. The solutions to the tutorial questions were
uploaded by the end of the week, but the solutions to the in-class
exercises were not provided. The tutorials were not compulsory
but I think they were very useful as the tutor went through the
questions step by step. The questions given were similar to the
exam. The tutorials did not cover all questions sometimes but
solutions were given at the end of the week.
Most of the assessments were practical and similar to tutorial
questions. The XERO assignment was an online program. Step by
step instructions were given and students were able to do a
practice one before the real one. The group assignment was
based on a topic that was not in the tutorials and exam. An extra
lecture was provided to explain the concept.
Read the textbook if you want more clarification, do the tutorial
questions and attend the tutorials. Go through the questions
again before the exam.
General Overview:
Lectures:
Tutorials:
Assessments/Other Assessments
Concluding Remarks