Accounting Fundamentals In Society lecture notes summarising ACCY111 at the University of Wollongong. 37 page notes were written in 2021.

  • Summary Source
  • lectures
  • Class Year
  • 2021
  • Grade
  • 81%
  • Number of Pages
  • 37
  • Staff Rating
  • 4.75/5

These notes contain weekly lecture summaries of the ACCY111: Accounting Fundamentals In Society subject. They cover weeks 1 to 12. Diagrams are used to visually express the theories. Covered contents are:

  • Introduction to accounting: Decision making and the role of accounting
  • Financial statements for decision making
  • The accounting equation
  • Underlying assumptions of financial statements
  • Conceptual framework and qualitative characteristics of financial statements
  • Recording Transactions
  • Adjusting the accounts
  • Adjusting the accounts: Preparation of Financial statements
  • Completing the accounting cycle – closing and reversing entries
  • Accounting for retailing
  • Accounting and Covid
  • Accounting Systems (subsidiary ledgers and control accounts, abnormal balances in subsidiary ledgers, special journals)
  • Analysis and interpretation of financial statements

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