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Subject overview


100% online




29 Apr 2024


12 weeks



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.

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Subject information

Learning Outcomes

On successful completion of this subject, individuals should be able to:

  • Analyse and classify accounting transactions drawing on the financial reporting framework and key accounting concepts.
  • Prepare accounts with adjustments within the areas of cash, inventory, non-current assets, and accounts receivables.
  • Prepare basic financial statements and reports.
  • Assess a company’s performance based on the calculation of its financial ratios and other financial data.
  • Analyse the cost behaviour and its impact on businesses’ activities and their profitability.


Topics covered

  1. Nature of accounting
  2. Statement of financial position
  3. Income statements
  4. Statement of cash flows
  5. Financial statement analysis 1
  6. Financial statement analysis 2
  7. Profit ratios
  8. Market efficiency ratios 1
  9. Market efficiency ratios 2
  10. Cost behaviour and analysis

Continuing professional development (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

Reading list

Hoggett, J, Medlin, J, Chalmers, K, Beattie, C, Hellmann, A & Maxfield, J 2017, Financial accounting, 10th edn, Wiley, Milton.

Reading list


Assessment TypeAssessedWeighting
AssignmentWeek 650%
ExaminationWeek 1250%

Previous study requirements

Assumed knowledge

Kaplan Professional assumes that individuals have completed FPC006 Taxation for Financial Planning or understand the content covered in this subject, prior to undertaking FPE014 Financial Accounting Principles.

Course transition subject equivalence

There are no equivalences for this subject.

Subject enhancements

We’ve listened to student feedback, and are pleased to inform you that we’ve made the following improvements to this subject:

• Transitioned exam to open book format from 2024 SP1.
• Revised the timing and positioning of drop-in sessions to improve alignment with assessments.
• Recordings available for drop-in sessions to accommodate those who cannot attend live.

Key dates

Study Period 1

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment information

Study Period 2

5 Feb 2024 - 24 May 2024

❌ Enrolments now closed

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment information

Study Period 3

1 Apr 2024 - 19 Jul 2024

✓ Enrolments open now

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment information

Study Period 4

3 Jun 2024 - 20 Sep 2024

✓ Enrolments open now

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment information

Study Period 5

29 Jul 2024 - 15 Nov 2024

✓ Enrolments open now

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment information

Study Period 6

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment information

Programs you might be interested in


Master of Financial Planning

Our online, FAS-approved Master of Financial Planning is a purpose-built higher education qualification set at AQF level 9. It’s designed and developed in consultation with industry experts, and combines advanced technical rigour with practical and relevant performance-focused learning outcomes.

Master of Applied Finance

Leading online degree designed for ambitious and savvy individuals who are looking for advanced academic rigour, but thrive on practical and real-world learning immediately applicable in the workplace, and directly relevant to future career roles. It caters to experienced finance professionals and those transitioning into the field, integrating learning outcomes with pathways for further accreditation such as a CFA®.

Graduate Diploma of Financial Planning

An eight-subject postgraduate qualification set at AQF Level 8 and FAS approved. Includes the first eight subjects of the FAS-approved Master of Financial Planning.

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