Introduction to Financial Accounting (AFM101) Solutions - UNE

A strong understanding of the foundations of financial accounting will add value to your role and future-proof your career in business. By studying this unit (AFM101), you will gain a comprehensive introduction to the theory and practice of financial accounting and the basis of business thinking. Exploring in detail, the double-entry framework used to represent the activities and affairs of businesses/ firms in monetary terms, you will also examine the conventional rules to recognise and measure the financial effects of economic events. Focusing on accounting systems design and operation, you will learn the basics of recording, categorising, summarising, and reporting data. This unit offers a wide range of resources to support different approaches to learning, allowing you to complete assessments on demand and accelerate your study to finish the unit early.

✔ Learning Outcomes:

• demonstrate a foundational proficiency in the accounting cycle from recording transactions through to preparing financial statements;
• demonstrate a foundational knowledge related to how assets are measured, recorded and protected;
• use a range of cognitive and communications skills to identify, evaluate and synthesise relevant accounting information to demonstrate judgement, creative thinking and analytical skills in solving business-related problems;
• work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills;
• 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.

Advanced Financial Accounting

Security Analysis and Portfolio Management

Intermediate Microeconomics