University Subjects

ACF1100: Introduction to Financial Accounting

ACF1100: Introduction to Financial Accounting

University
Monash University
Subject Link
View Subject

Subject Reviews

Commercekid2050

1 year ago

Assessment
3% Quiz- Was for week 1 to week 4 topics mainly covered theory for the accounting topic
10% Manual Assignment- Was a really good assignment we were each given a business and transaction related to that business. We had to record those transaction and make 10 column worksheet, balance sheet and income statement for the business in excel. It is one of my favourite assignments.
10% Xero Assignment- Similar to manual we have a business and we have to record business transaction but in Xero accounting software.
12% Mid Semester Exam- Did not find it too bad. Though the exam was pretty long for it to be only for an hour.
15% Group Assignment- Was a fun topic had to use different accounting ratios to understand if people should invest in the business (had to also make a video presenting it)
50% Exam- Was pretty difficult exam. I know many people had struggle in few questions.
Comments
This was honestly a great unit. I really enjoyed this unit with generally all the topics being interesting though in some case it can be dry. Though the topic thus go towards ice Accounting it would be beneficial to have done it as the lecturer goes towards the topic relatively fast. The unit is also generally recommended for Accounting majors.
Past Exams Available
3 Practice exams. From 2 semester of 2020 to 2 semester in 2021
Rating
4.5 out of 5
Recorded Lectures
Yes.
Textbook Recommendation
Financial Accounting: Reporting, Analysis and Decision making. The book is must as tutorial question generally came from the book
Workload
2 hrs of lecture
2 hrs of Tutorial
Year & Semester Of Completion
1 semester 2022
Your Mark / Grade
92 (HD)

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