Introduction
Are you wondering about going for accounting and finance (BUACC1508) at Federation university of Australia? Once you take up this course, you are going to learn a lot about accounting and finance statements.
This unit, principles of accounting and finance buacc1508 gives you an introduction of basic concepts. The application of these concepts is to help you understand the decision-making process by a huge array of potential users, for example shareholders, lenders, managers and investment analysts.
The main agenda of this unit is to benefit students who look forward to specialising in BUACC1508. As well as it will also be of value to students who have interest in the field of business.
In this blog, we give all kinds of information that a student is looking for, after the decision is made to study the principles of accounting and finance. Read till the end for more information about the course.
Course details of BUACC1508
This particular course introduces students to basic ideas in accounting and finance as well as their application for decision making.
Duration of BUACC1508
It is a bachelor degree course, which is typically for 3 full years or equivalent part time.
Structure
This course is a single unit that emphasises on the overall degree.
Assessment
It typically includes assignments, exams and quizzes for more thorough details visit the university website.
Prerequisites
Students are required to have an A level understanding of business concepts.
Future steps
Students after completing BUACC1508 can move towards other units in the Bachelor of professional Accounting Degree, including BUACC3706 Financial Accounting and BUACC3741 Auditing
Units
The units that you are going to go through might include:
- Introduction to the function and nature of accounting, standards and regulations.
- Double-entry bookkeeping, accounting equation and transactions analysis.
- Basic components of financial statements and accounting.
- Accrual and cash accounting
- Analysis of financial reports and impact of tax
- Financial decision-making and control over it
- Interdiction to finance.
Potential career paths of Accounting and finance
The course BUACC1508- principles of accounting and finance at Federation university of Australia familiarise students with fundamental concepts in finance and accounting. The university with the course helps students to choose their career paths as mentioned below:
Banker – you will have to manage financial transactions and offer financial advice to clients.
AUD 60,000 to 120,000
Public accountant – you will have to perform audits, offer consulting for several clients and prepare taxes.
AUD 50,000 to 90,000
Taxation accountant- you have to specialise in filing and preparing taxes for organisations and individuals.
AUD 60,000 to 100,000
Auditor – the demand for this post is to examine financial records to make sure of the reliability and compliance with laws and regulations.
AUD 55,000 to 95,000
Commercial manager – you will be asked to oversee business operations and look after financial management.
AUD 90,000 to 160,000
Business consultant – you will be asked to offer advice on financial and strategic planning to businesses.
AUD 70,000 to 130,000
Financial analyst – in this post, you have to analyse financial data and trends to aid in investment decisions.
AUD 65,000 to 120,000
Challenges faced by students in accounting and finance assignments?
Here we provide the challenges in accounting and finance assignments that students face and that overwhelmed them.
Poor sourcing skills
Students ofBUACC1508 accounting and finance have to work with huge amounts of data, which needs excellent sourcing skills. This involves the ability to check the reliability of sources while analysing and evaluating data accurately. Using trustworthy sources is very essential, which students find challenging.
Complicated tasks
The course encopmpases several detailed topics like budgeting, international finance, risk management and so on. To become proficient in these fields students have to dive deep into these areas. Thinking of these as not so important points will bring difficulties to students in understanding the course.
Data accuracy and integrity
Making sure of accuracy and integrity of data is essential in BUACC1508. Students face challenges in recording the transactions properly and those mistakes can lead to wrong financial statements and reports. Therefore, students have to be cautious while recording transactions as the entire report is based on that.
Analytical skills
Accounting and finance needs strong analytical skills to work on financial data, interpret them and then draw conclusions from it. Developing these skills with time takes patience, and students, mainly the ones new to this course, may struggle understanding numbers and concepts of accounting.
Complexity of regulations
Accounting often has complex regulations and rules like GAAP or IFRS. knowing them and applying them in a correct manner takes time. Therefore students who are new to this course BUACC1508, might find the complexity of regulations an obstacle. It is advised to be patient with the learning process.
Who can help you to overcome the challenges?
Students who have taken up BUACC1508- Principles of Accounting and Finance, are headed towards learning how accounting and finance work. Some students may even want to apply for jobs in this field. But to understand the concept of finance and accounting, students have to face challenges as mentioned right above.
How will they overcome it? With the help of Assignment, the best accounting and finance assignment help platform. The experts from the same field take initiative to make the assignment proper enough for students to score high grades in it.
We provide detailed and informative write-ups without plagiarism. We deliver the work before the mentioned deadline by the Federation university of Australia. We also charge fairly in return for doing the assignment. For more information, visit our website.
