CO1003 - Contemporary Accounting Principles and Systems 2

Credit points:	03
Year:	2007
Student Contribution Band:	Band 2
Administered by:	Discipline of Accounting & Finance

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 and partnerships; and evaluation of the historic cost accounting system in the context of the Australian conceptual framework and alternative accounting systems.

Learning Outcomes

• exploration of more complex accounting issues in the context of the professional and regulatory accounting framework including analysis and reporting of components of financial statements; accounting for partnerships and sole traders; financial reporting issues; evaluation of the Historical Cost Accounting System.

Graduate Qualities

• The ability to think critically, to analyse and evaluate claims, evidence and arguments;
• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to communicate effectively with a range of audiences;
• The ability to speak and write logically, clearly and creatively;
• The ability to calculate, produce, interpret and communicate numerical information;
• The ability to access and employ online technologies effectively;
• A coherent and disciplined body of skills, knowledge, values and professional ethics in at least one discipline area;
• The ability to reflect on and evaluate learning processes and products;
• The ability to learn independently and in a self-directed manner;
• A commitment to lifelong learning and intellectual development.

Prerequisites:

CO1101

Availabilities
Townsville, Internal, Study Period 2
Census Date 31-Aug-2007
Coordinator:	Ms Karen McPherson
Lecturer:	Mrs Wendy Kerr.
Contact hours:	26 hours lectures 12 hours tutorials 12 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (20%); tutorial attendance and participation (10%); two practice problems (10%).
Townsville, Internal, Study Period 1
Census Date 30-Mar-2007
Coord/Lect:	Mrs Wendy Kerr.
Contact hours:	26 hours lectures 12 hours tutorials 12 hours practicals
Assessment:	end of semester exam (60%); other exams (20%); tutorial attendance and participation (10%); two practice problems (10%).
Cairns, Internal, Study Period 2
Census Date 31-Aug-2007
Coord/Lect:	Ms Karen McPherson.
Contact hours:	26 hours lectures 12 hours tutorials 12 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (20%); tutorial attendance and participation (10%); two practice problems (10%).
JCU Brisbane, Internal, Study Period 22
Census Date 31-Aug-2007
Coord/Lect:	Ms Karen McPherson.
Contact hours:	26 hours lectures 12 hours tutorials 12 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (20%); tutorial attendance and participation (10%); two practice problems (10%).
JCU Brisbane, Internal, Study Period 23
Census Date 14-Dec-2007
Coord/Lect:	Ms Karen McPherson.
Contact hours:	26 hours lectures 12 hours tutorials 12 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (20%); tutorial attendance and participation (10%); two practice problems (10%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.