ACW1120 Financial accounting 1
Faculty of Business and Economics
ACW1120 Financial accounting 1 is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 and Semester 2 at Malaysia. It has no prerequisites and unlocks 19 units, leading on to 35 units in all.
- Credit points
- 6
- Offered in 2022
- Semester 1, Semester 2
- Malaysia
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
Reviews
No reviews yetNo reviews yet. Be the first to review ACW1120.
Requisites
Before ACW1120
Prohibitions
You can't enrol if you have passed any of these.
After ACW1120
19 units list ACW1120 as a prerequisite or corequisite.
- ACB2120Financial accounting 2No reviews yet
- ACB2220Management accounting 1No reviews yet
- ACB2420Accounting information systemsNo reviews yet
- ACC2100Financial accountingNo reviews yet
- ACC2200Introduction to management accountingNo reviews yet
- ACC2400Accounting information systemsNo reviews yet
- ACF2100Financial accountingNo reviews yet
- ACF2200Introduction to management accountingNo reviews yet
Show 11 more
- ACF2400Accounting information systemsNo reviews yet
- ACW2120Financial accounting 2No reviews yet
- ACW2220Management accounting 1No reviews yet
- ACW2420Accounting information systemsNo reviews yet
- ACW3900Global issues in accountingNo reviews yet
- ACX2100Financial accountingNo reviews yet
- ACX2200Introduction to management accountingNo reviews yet
- ACX2400Accounting information systemsNo reviews yet
- ACX2900Accounting for sustainabilityNo reviews yet
- BEW3555Integrative business practicesNo reviews yet
- MGW2840Leveraging behavioural neuroscience for business impactNo reviews yet
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit provides you with an introduction to financial accounting guided by the Conceptual Framework and Accounting Standards. Emphasis is placed on accounting processes, practices and policies that enable the financial statements to be prepared. You will integrate theoretical and technical knowledge learned and exercise judgement to explore accounting issues.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Malaysia | On campus |
| Second semester | Malaysia | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
identify and analyse measurement systems and their relationship with the accounting Conceptual Framework
- 2
apply the principles of double-entry and accrual accounting
- 3
describe and apply definitions and recognition criteria for assets, liabilities, incomes and expenses as specified in the Conceptual Framework
- 4
apply principles of selected Accounting Standards and prepare financial statements for business entities including service and retail organisations
- 5
develop the ability to work effectively in a team; and demonstrate the development of skills in research, judgement and oral communication.
Workload and teaching
- Teaching approachProblem-based learning
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Technology resources
Calculator
Where it fits
ACW1120 is part of 1 area of study in the 2022 handbook.
Contacts
- Chief Examiners
- Dr Mei Yee Lee
Common questions
What are the prerequisites for ACW1120?
ACW1120 has no prerequisites.
What can I take after ACW1120?
ACW1120 is a prerequisite or corequisite for 19 units, including ACB2120, ACB2220, ACB2420, ACC2100, ACC2200 and ACC2400. Those lead on to 35 units in all.
When is ACW1120 offered?
In 2022, ACW1120 runs in Semester 1 and Semester 2 at Malaysia.
How much work is ACW1120?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACW1120 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ACW1120?
ACW1120 is part of Accountancy.