Availabilities:

LocationDomesticInternational
China - TUSTN/ASession 2,3
Gold CoastSession 1,2Session 1,2
LismoreSession 1Session 1
MelbourneN/ASession 1,2
OnlineSession 1,2Session 1
Papua New Guinea - IBSU Port MoresbyN/ASession 1,3
PerthN/ASession 1,2
SydneyN/ASession 1,2

Unit aim

Provides an introduction to accounting systems and processes with a focus on recording routine business transactions, the preparation of financial statements and the use of accounting information to make business decisions in a variety of business contexts. The unit presupposes no prior knowledge of accounting. It provides the foundation knowledge and core skills for the upper level accounting units and equips other business majors with essential accounting tools.

Unit content

Topic 1 An introduction to the role of accounting in business

Topic 2 Recording transactions 1

Topic 3 Recording transactions 2

Topic 4 Completing the accounting cycle: Adjusting and closing the accounts

Topic 5 Accounting for retail operations including GST

Topic 6 Reporting and analysing inventory

Topic 7 Internal controls, cash & receivables

Topic 8 Non-current assets

Topic 9 Liabilities

Topic 10 Equity

Topic 11 Cash Flow Statement

Topic 12 Financial Statement Analysis & consolidation of principles

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

Learning outcomes and graduate attributes

Prescribed texts

Session 1

  • Australian paperback edition: Carlon, McAlpine-Mladenovic, Palm, Mitrione, Kirk & Wong, 2016, Financial Accounting, 5th edn, John Wiley & Sons Australia, Brisbane. ISBN: 978 0 730 326199 .
  • Available in e-Book format: Carlon, McAlpine-Mladenovic, Palm, Mitrione, Kirk & Wong, 2016, Financial Accounting, 5th edn, John Wiley & Sons Australia, Brisbane. ISBN: 978 0 730 332497 .

Session 2

  • Australian paperback edition: Carlon, S, McAlpine-Mladenovic, R, Palm, C, Mitrione, L, Kirk, N & Wong, L, 2018, Financial Accounting, 6th edn, John Wiley & Sons Australia, Brisbane. ISBN: 9780730363279.
  • Available in e-Book format: Carlon, S, McAlpine-Mladenovic, R, Palm, C, Mitrione, L, Kirk, N & Wong, L, 2018, Financial Accounting, 6th edn, John Wiley & Sons Australia, Brisbane. ISBN: 9780730356141.

Session 3

  • Prescribed text information is not currently available.
Prescribed texts may change in future study periods.

Teaching and assessment

China - TUST

Teaching method
Workshop on-site
Assessment
Weekly online self-tests10%
Online Quiz 1: Topics 1-4 & Online Quiz 2: Topics 5-710%
Exam: closed book50%
Accounting software & Report30%

Gold Coast

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Weekly online self-tests10%
Online Quiz 1: Topics 1-4 & Online Quiz 2: Topics 5-710%
Exam: closed book50%
Accounting software & Report30%

Lismore

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Weekly online self-tests10%
Online Quiz 1: Topics 1-4 & Online Quiz 2: Topics 5-710%
Exam: closed book50%
Accounting software & Report30%

Melbourne

Teaching method
Tutorial on-site 2 hours (12 weeks)
Lecture online 1 hour (12 weeks)
Assessment
Weekly online self-tests10%
Online Quiz 1: Topics 1-4 & Online Quiz 2: Topics 5-710%
Exam: closed book50%
Accounting software & Report30%

Online

Teaching method
Lecture online 1 hour (12 weeks)
Assessment
Weekly online self-tests10%
Online Quiz 1: Topics 1-4 & Online Quiz 2: Topics 5-710%
Exam: closed book50%
Accounting software & Report30%

Papua New Guinea - IBSU Port Moresby

Teaching method
Workshop on-site
Assessment
Weekly online self-tests10%
Online Quiz 1: Topics 1-4 & Online Quiz 2: Topics 5-710%
Exam: closed book50%
Accounting software & Report30%

Perth

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Weekly online self-tests10%
Online Quiz 1: Topics 1-4 & Online Quiz 2: Topics 5-710%
Exam: closed book50%
Accounting software & Report30%

Sydney

Teaching method
Tutorial on-site 2 hours (12 weeks)
Lecture online 1 hour (12 weeks)
Assessment
Weekly online self-tests10%
Online Quiz 1: Topics 1-4 & Online Quiz 2: Topics 5-710%
Exam: closed book50%
Accounting software & Report30%
Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2019 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.