James Cook University Subject Handbook - 2003

CO1003:03

Contemporary Accounting Principles and Systems 2

Townsville, Cairns HECS Band 2

26 hours lectures, 12 hours tutorials, 12 hours workshops. Semester 2.

Staff: Mr R Ahmed (Townsville campus); Mr D Smorfitt (Cairns campus).

This subject introduces more complex accounting issues including: accounting for financial statement elements; preparation of financial statement (such as cash flow statements) for sole traders, partnerships and companies; and evaluation of the historic cost accounting system in the context of the Australian conceptual framework and alternative accounting systems.

Learning Objectives:

  1. explore more complex issues of accounting.

Assessment by two class tests (15% each) (30%); examination (70%).