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Class Notes for ACCY111 at University of Wollongong

Accounting Fundamentals In Society

ACCY111 Lecture Notes - Lecture 10: Profit Margin, Accounts Receivable, Financial Statement Analysis

Analysis and Interpretation of Financial Statements Sources of financial information: Financial statements Accompanying schedules Explanatory notes Financial advisory services Austr...

Accountancy
ACCY111
Kathy Rudkin
ACCY111 Lecture Notes - Lecture 8: Cheque, Small Business, General Ledger

Accounting Systems 1. Understand how an accounting system operates and describe the three phases involved in the development of an accounting system. 2. Identify the principles and the limitations of an intern...

Accountancy
ACCY111
Kathy Rudkin
ACCY111 Lecture Notes - Lecture 7: Historical Cost, Physical Capital, Financial Reporting Council

Chapter 17 (Wk 8) - Regulation and the conceptual framework 1. Describe the development of accounting regulation in Australia resulting in the issue of accounting standards. 2. Explain the nature of the concep...

Accountancy
ACCY111
Kathy Rudkin
ACCY 111 Lecture 6: Chapter 7 - Accounting for retailing

Chapter 7 (Wk 9) Accounting for retailing 1. Describe the nature of inventory and retail operations 2. Describe the basic format of an income statement for retail businesses 3. Account for sales transactions of retail bus...

Accountancy
ACCY111
Kathy Rudkin
ACCY111 Lecture Notes - Lecture 5: Capital Account, Trial Balance, Accounting Information System

Chapter 5 (Wk6) - Completing the accounting cycle: 1. Describe all the steps in the complete accounting cycle. 2. Explain why temporary ledger accounts need to be closed. 3. Explain how to record adjusting entries...

Accountancy
ACCY111
Kathy Rudkin
ACCY 111 Lecture 4: Chapter 4 - Adjusting the accounts and preparing financial statements

Chapter 4 (Wk4) Adjusting the accounts and preparing financial statements 1. Describe the difference between the cash basis and accrual basis of measuring profit. 2. Explain the accounting cycle and the need for end of ac...

Accountancy
ACCY111
Kathy Rudkin
ACCY111 Lecture Notes - Lecture 3: Deferral, Income Statement, General Ledger

Chapter 3 (Wk3) Recording Transactions 1. Identify the nature of, purpose of and evidence for transactions 2. Describe the accounting cycle used to record, classify and summarise transactions, including the of ledger acco...

Accountancy
ACCY111
Kathy Rudkin
ACCY111 Lecture Notes - Lecture 2: Financial Statement, Cash Flow, Legal Personality

Chapter 2 (Wk2) - Financial statements for decision making 1. Identify the common types of business entities 2. Discuss the functions carried out by managers 3. Outline the basic financial statements used in busin...

Accountancy
ACCY111
Kathy Rudkin
ACCY111 Lecture Notes - Lecture 1: Financial Statement, Financial Accounting, Accountant

Chapter 1 (Wk1) - Decision making and the role of accounting 1. Outline the dynamic environment in which accountants work 2. Discuss the nature of decisions and the decision making process 3. Outline the range of ...

Accountancy
ACCY111
Kathy Rudkin
ACCY 111 Lecture 7: lecture 7
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Accountancy
ACCY111
Stephanie Perkiss
ACCY 111 Lecture 6: lecture 6
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Accountancy
ACCY111
Stephanie Perkiss
ACCY 111 Lecture 5: lecture 5
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Accountancy
ACCY111
Stephanie Perkiss
ACCY 111 Lecture 4: lecture 4
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Accountancy
ACCY111
Stephanie Perkiss
ACCY 111 Lecture 3: lecture 3
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Accountancy
ACCY111
Stephanie Perkiss
ACCY 111 Lecture 2: lecture 2
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Accountancy
ACCY111
Stephanie Perkiss

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