Acct 1501 Week 1 In Financial Accounting
THE UNIVERSITY OF NEW SOUTH WALES
Australian School of Business
School of Accounting ACCT 1501: Accounting and Financial Management 1A
Week 1
Introduction to Financial Accounting & Key Financial Statements
Student Handout
Lecturer: Dr. Youngdeok Lim School of Accounting UNSW QUAD 3069 youngdeok.lim@unsw.edu.au
Blackboard: http://telt.unsw.edu.au.
Session 1, 2013
WEEK 1: Introduction to Financial Accounting & Key Financial Statements
Welcome to Accounting and Financial Management 1A. In this first lecture you will be introduced to the lecture staff on the course and be given the Course Outline. We will be outlining the objectives of the subject, its structure and requirements as described in the Course Outline and answer …show more content…
– your responsibility to read View preparation and tutorial solutions Use the Discussion board - 3 Categories
Course Content, Course Administration On-line Practice Set (student only) overseen by staff members
Use appropriately and with respect for others
Student responsibilities: Preparation – for lectures & tutorials Workload and other commitments – balance!!! Attendance 80% rule University & ASB Conduct and behaviour – respectful to others at all times in lectures, tutorials, via email and on Blackboard Keeping informed !!! – Read the course outline; Blackboard Announcements & your university email. ONLY attend the lecturers and tutorials that you are officially enrolled to attend.
Australian School of Business
Introduction to Financial Accounting & Key Financial Statements (Ch 1)
Some ground rules
Please put your mobile phone on SILENT Lectures start at 5 minutes past the hour, and finish at 5 minutes to the hour
We’ll aim to have a 10 minute break half way through
Be …show more content…
Internal Decision Makers
Managers throughout the organization
How ACCT1501 is positioned within an accounting major
ACCT 1501 & 1511
Providing the foundation & “Setting the scene”
Basic terminology, record keeping, understanding & preparing basic financial statements, exposure to management accounting
Also… Exciting electives!
ACCT 2A & 3B
Management Accounting
Information gathering & reporting for people inside the organisation
ACCT 2B & 3A
Financial Accounting
Information gathering & reporting for people outside the organisation
AUDIT: checking that procedures are in place to prepare financial statements that are true and fair reflection of company position & performance
What is financial accounting?
Financial accounting will be the focus of this course. Financial accounting focuses on the provision of information to users external to the enterprise. The focus is on reporting financial position and financial performance.
We discuss financial accounting in weeks 1 to 10.
What is management accounting?
Management accounting will be the focus of later part of this courses. Management accounting focuses on the provision of information to users within the enterprise (to aid in operational planning and control
Australian School of Business
School of Accounting ACCT 1501: Accounting and Financial Management 1A
Week 1
Introduction to Financial Accounting & Key Financial Statements
Student Handout
Lecturer: Dr. Youngdeok Lim School of Accounting UNSW QUAD 3069 youngdeok.lim@unsw.edu.au
Blackboard: http://telt.unsw.edu.au.
Session 1, 2013
WEEK 1: Introduction to Financial Accounting & Key Financial Statements
Welcome to Accounting and Financial Management 1A. In this first lecture you will be introduced to the lecture staff on the course and be given the Course Outline. We will be outlining the objectives of the subject, its structure and requirements as described in the Course Outline and answer …show more content…
– your responsibility to read View preparation and tutorial solutions Use the Discussion board - 3 Categories
Course Content, Course Administration On-line Practice Set (student only) overseen by staff members
Use appropriately and with respect for others
Student responsibilities: Preparation – for lectures & tutorials Workload and other commitments – balance!!! Attendance 80% rule University & ASB Conduct and behaviour – respectful to others at all times in lectures, tutorials, via email and on Blackboard Keeping informed !!! – Read the course outline; Blackboard Announcements & your university email. ONLY attend the lecturers and tutorials that you are officially enrolled to attend.
Australian School of Business
Introduction to Financial Accounting & Key Financial Statements (Ch 1)
Some ground rules
Please put your mobile phone on SILENT Lectures start at 5 minutes past the hour, and finish at 5 minutes to the hour
We’ll aim to have a 10 minute break half way through
Be …show more content…
Internal Decision Makers
Managers throughout the organization
How ACCT1501 is positioned within an accounting major
ACCT 1501 & 1511
Providing the foundation & “Setting the scene”
Basic terminology, record keeping, understanding & preparing basic financial statements, exposure to management accounting
Also… Exciting electives!
ACCT 2A & 3B
Management Accounting
Information gathering & reporting for people inside the organisation
ACCT 2B & 3A
Financial Accounting
Information gathering & reporting for people outside the organisation
AUDIT: checking that procedures are in place to prepare financial statements that are true and fair reflection of company position & performance
What is financial accounting?
Financial accounting will be the focus of this course. Financial accounting focuses on the provision of information to users external to the enterprise. The focus is on reporting financial position and financial performance.
We discuss financial accounting in weeks 1 to 10.
What is management accounting?
Management accounting will be the focus of later part of this courses. Management accounting focuses on the provision of information to users within the enterprise (to aid in operational planning and control