FPE014 Financial Accounting Principles

This subject introduces students to the basic framework and key principles of accounting. An introduction is also provided to Management Accounting and the analysis of the Financial Accounting statements. The unit aims to equip students with the ability to analyse and interpret financial data, and use their knowledge for projecting and assessing the performance of organisations and business units.

For more information, please refer to the subject outline.

  • Learning outcomes
    • At the completion of this subject students should be able to:

      1. Explain the financial reporting framework, key accounting concepts and the classification and analysis of transactions
      2. Prepare accounts with adjustments within the areas of cash, inventory, non-current assets, and accounts receivables
      3. Prepare basic financial statements and reports
      4. Assess a company’s performance based on the calculation of its financial ratios and other financial data
  • Subject content
    • Topic Title
      Topic 1 Nature of accounting
      Topic 2 Statement of financial position
      Topic 3 Income statements
      Topic 4 Statement of cash flows
      Topic 5 Financial statement analysis 1
      Topic 6 Financial statement analysis 2
      Topic 7 Profit ratios
      Topic 8 Market efficiency ratios 1
      Topic 9 Market efficiency ratios 2
      Topic 10 Cost behaviour and analysis

  • CPD
    • Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

  • Assessment
  • Prerequisites
  • Reading list
    • Prescribed text

      • Hoggett J, Medlin J, Edwards L, Chalmers K, Hellmann A, Beattie C, Maxfield J, 2015, Financial Accounting, 9th edn, Wiley Publishing,
        ISBN 978-1-1186-0820-3.

      Retailers of educational books include Co-op Bookshop and Boffins Bookshop. Texts can also be borrowed from the Kaplan library or other libraries. Details of required and further reading are provided in the subject room.  Purchase of any text other than a prescribed text is not required.