UNIVERSITY OF TASMANIA
BFA104: Accounting Context and Method
Final Examination Guide and Notes 2023
 
Part 01. Revision Notes
Part 02. Sample Final Examination Paper
Part 03. Suggested Solutions to Final Exam Paper
Part 04. Final Examination - Hints and Tips
 
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University of Tasmania - BFA104: Accounting Context and Method

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ACADEMIC YEAR 2022 - 2023

University	University of Tasmania
Study Level	Undergraduate
Unit Code	BFA104
Unit Name	Accounting Context and Method
Notes Title	Final Examination Guide and Notes
Page Length	80

The BFA104: Accounting Context and Method, University of Tasmania - Final Examination Guide and Notes 2023 provides you with a unique summarised version of the core information contained in the full course, and the essentials you need in order to fully comprehend and apply. You do not need to be an expert in the course, you just need a basic understanding, and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final examination. This updated exam prep guide helps you identify your weak areas, so you will pass the final exam on your first attempt.

This unit is compulsory and is an important pre-requisite for second and third year units. You will consider the fundamental principles that underpin accrual accounting and financial reporting including how and why financial transactions are recorded as they are. The elements of the accounting cycle and techniques of measurement, recording and reporting for decision makers are also considered.

The topics to be covered include:

Introduction, double entry accounting and GST
General Journal, Ledger and Trial Balance
Adjusting entries
Closing entries and internal financial statements
Subsidiary ledgers and special journals
Inventory
Internal control and cash
Non-current Assets
Equity and presentation of Financial Statements
Cash Flow Statements

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BEA380	Derivative Securities
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University of Tasmania - BFA104: Accounting Context and Method

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