The unit provided a comprehensive explanation of introductory

accounting techniques. The concepts are simple in nature. The

XERO assignment has opportunities for practice, making the

actual assignment reasonably straightforward. This unit requires

some memorisation for the final. The concepts explored are

further applied in BFC2140, thus a clear understanding would be

beneficial.

All lectures were prerecorded – meaning there was no interaction

with the lecturer and student. The lecture slides can become a bit

difficult to follow and are not very engaging. The recommended

readings in the textbook are quite beneficial in supporting your

understanding. The lecture is generally structured such that all the

content for the week is first explained and then there is one

example at the end of the lecture to apply the concept. The

lecture slides are uploaded to Moodle alongside the lecture

recording.

The tutorials began in the first week. There are weekly tutorial

questions that you are expected to complete before the tutorial.

In the 1.5 hour session, the tutor explained the solutions to those

questions. There is also a weekly ICE (in class exercise) question

that is to be completed in class in groups, and then explained by

the tutor. In this time, not all the weekly tutorial questions are

covered. The tutors are not able to upload their personal notes

and solutions to Moodle – hence tutorial attendance is important

to receive these solutions.

Diagnostic Test (3%)

-        20 multiple choice questions

-        30 mins

-        Testing Week 1 and Week 2 content

-        Not very difficult

-        Open book

Mid-Semester test (12%)

-        Multiple choice and short answer

-        Open book

-        60 mins

-        Testing Week 1 to Week 4 content

-        Questions are more difficult than the weekly tutorial questions – end of chapter questions in textbook are good practice

Manual Assignment (10%)

-        Each student is given a unique business case

-        You are required to create a 10-column worksheet, a profit and loss statement and a balance sheet

-        Is a bit tedious – avoid doing this assignment at the last minute

XERO assignment (10%)

-        Completed fully online

-        There is a practice exercise, and opportunity for feedback

-        Generally, quite easy and straightforward

Group presentation (15%)

-        Very simple

-        There is an example presentation that needs to be followed

-        The assignment is easy to split between group members – does not take long to complete

Final Exam (50%) 

The final exam is the only exam in this unit. It is 2hrs and 10 min

in length. There is no multiple choice, there are 5-6 short

response questions with multiple subparts in each. The content

focuses on the latter half of the unit content. Based on the past

papers from the last 2 years, the main assessed topics have only

been Inventory, Non- current assets, Lease and Owners Equity.

Knowledge of the prior topics is only important in order to have a

solid understanding of the listed topics. The exams questions are

more difficult than the weekly tutorial questions. Alongside the

weekly tutorial questions and past papers, the end of chapter

questions in the textbook are very useful – they vary in difficulty

and reflect the style of the final exam.

Overall, this unit is not too difficult to understand, but it is

important to be consistent and stay up to date with the content.

Trying to cram content last minute will not work. Also ensure that

you have done a variety of questions, in order to properly

understand the concepts.