ACC203A Introduction to Financial Accounting

ACC203A Introduction to Financial Accounting

Everything in accounting and finance revolves around money. They are frequently combined into one study category, but the two specialities differ. While finance is only concerned with a firm's financial resources, accounting works with a wide range of data analyses for various elements of a business, including the administration of financial assets and the plans for future expansion.

If you're studying financial accounting in Australia, you must be familiar with the key areas. There are typically two main fields such as accounting and finance. Australian universities, however, offer a variety of programmes, including a bachelor's in accounting with a law degree, a bachelor's in finance and management, a bachelor's in accounting and entrepreneurship, a bachelor's in finance and marketing, etc.

However, we are here to discuss the ACC203A: Introduction to Financial Accounting. Our experts delivering financial accounting assignment help in Australia have discussed some top information and details for you. Let's have a look.

Understand The Major Branches of Financial Accounting

Want to know the accounting and finance areas of financial accounting? Read the below details.

Accounting - Accounting is about a company's financial records, including their creation, analysis, and administration. A foundation for specialised accounting employment will be provided by an accounting degree, which often involves analysing and using financial data to assess a company's financial position.

Accounting can also be divided into more specific subtopics, including forensic accounting, management accounting, tax, international accounting, and assessment.

Finance - Finance occupations often concentrate on managing an organisation's present and future financial performance, making them potentially slightly more profitable than accountancy careers. Finance can be explored further to become more specialised in this field, including investment management, capital markets, financial analysis, behavioural finance, and corporate finance.

Once you understand the two key branches of financial accounting, you must now understand the assignments involved in the study of ACC203A: Introduction to Financial Accounting.

What Does The ACC203A – Introduction to Financial Accounting Includes?

Most of the course's material is on handling accounting records by pertinent accounting standards. Particularly, the nature and extent of accounting, the roles of accounting professionals, the relationship between the accounting function and an organisation's information system, what are the uses of accounting information, fundamental accounting concepts, subsidiary books, source documents, double-entry book-keeping systems, correcting errors, trial balance, revenue expenditures, capital expenditures, etc.

The goal of this course, according to our accounting assignment help experts, is to expose you to the fundamentals of accounting and to assist you in comprehending how financial transactions are entered into accounting records to calculate an organisation's profit or loss. Additionally, it covers the practical handling of accounting transactions made through banks and how accounting errors are handled.

Assignments Details

There is a self-assessment task in every course section. You are required to attempt to grasp the unit's material.

TUTOR MARKED ASSIGNMENT 

After each course, your comprehension and execution of the topics you have learned will be evaluated by the Tutor Marked Assignments (TMAs). You must complete your empirically verified TMAs as required and are assessed digitally after the term, in addition to the preliminary TMAs in the course materials to test what has been learned. They can account for up to 30% of the final grade for the course.

EXAMPLE - 1

EXAMPLE - 2

Group-Based Assignment

Apart from the TMAs, the universities may also ask you to deal with group-based assignments, which may be difficult.

However, our assignment help experts have written and assisted scholars dealing with the group-based assignment. Hence, if you find any difficulties dealing with TMAs or Group-Based assessments, then come to us, and we promise to deliver the best financial accounting assignment help.

How To Deal With ACC203A Introduction to Financial Accounting Assignment?

We have been into accounting assignment help in Australia for a decade. Therefore, we are well-versed with all the significant details and information required to write the ACC203A assessment answer. With the help of our subject matter experts, we have discussed some necessary things that should be taken care of.

• Describe the sources of information utilised to post accounting records.
• Explain and create innovative entry books
• Recognise the double-entry bookkeeping methods
• Describe the meaning of income and capital expenses and how they are categorised.
• Create the lone proprietor's statement of profit or loss.
• Describe the various types of mistakes and how they are fixed.
• Create the lone proprietor's statement of financial status.
• Describe the process and create a bank reconciliation statement.

Apart from this, you must also be aware of the following says our accounting assignment help professionals.

• Nature of accounting – accounting as a profession/language/information system/ service activity/ science.
• Accounting information qualities – relevance, objectivity, completeness, timeliness, clarity, comparable, flexibility, accuracy.
• Different branches of accounting – cost accounting, financial accounting, auditing, management accounting, public sector accounting, etc.

Need further details about the ACC203A Introduction to Financial Accounting? Connect to Online Assignment Expert now! Here, you will receive academic assistance from financial accounting assignment help professionals.