Unit description
Serves as an introduction to accounting as a discipline and a career, using a problem-based learning approach to develop students' skills in efficiently recording and reporting business transactions within a manual financial accounting system, supported by electronic tools such as spreadsheet software.
Unit content
Topic 1 On becoming a contemporary accountant
Topic 2 The accounting information system and its transaction cycles
Topic 3 Record-keeping systems for a retail business
Topic 4 Processing transactions in the acquisition and expenditure cycle (including payroll)
Topic 5 Processing transactions in the revenue and collection cycle
Topic 6 Processing transactions in the general ledger and financial reporting cycle
Topic 7 EOP processes and financial statements - general ledger and financial reporting cycle
Topic 8 Statements of Cash Flows
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
| On completion of this unit, students should be able to: | GA1 | GA2 | GA3 | GA4 | GA5 | GA6 | GA7 | |
|---|---|---|---|---|---|---|---|---|
| 1 | apply manual double-entry accounting principles to transactions (including GST), using worksheets, general and subsidiary ledgers, and general and special journals, through to preparation of an Income Statement, a Statement of Changes in Equity, a Balance Sheet, and a Statement of Cash Flows in internal format | Knowledge of a discipline | ||||||
| 2 | prepare working papers for repetitive financial accounting tasks, both manually and using Microsoft Excel spread sheet software | Knowledge of a discipline | ||||||
| 3 | use the language of business to communicate financial accounting information with stakeholders both orally and in writing, demonstrating efficient and effective use of Microsoft Word processing software and Microsoft PowerPoint presentation software | Knowledge of a discipline | Communication and social skills | |||||
| 4 | apply academic knowledge and skills to new contexts including workplace settings | Knowledge of a discipline | Lifelong learning | |||||
| 5 | demonstrate the ability to work collaboratively on a group task | Communication and social skills | ||||||
| 6 | analyse and reflect on the learning experience and articulate that experience in a learning journal | Lifelong learning | ||||||
Prescribed texts
Session 1
- Australian paperback edition: Hoggett, J, Medlin, J, Edwards, L, Tillling, M & Hogg, E, 2012, Financial Accounting, 8th edn, John Wiley & Sons Australia, Brisbane. ISBN: 978-1-742-46636-1.
Session 3
- Australian paperback edition: Hoggett, J, Medlin, J, Edwards, L, Tillling, M & Hogg, E, 2012, Financial Accounting, 8th edn, John Wiley & Sons Australia, Brisbane. ISBN: 978-1-742-46636-1.
Teaching and assessment
Coffs Harbour
| Teaching method |
| Lecture online 1 hour (10 weeks) |
| Workshop on-site 2 hours (10 weeks) |
| Assessment | |
| Online quizzes | 10% |
| Portfolio | 30% |
| Exam: closed book | 60% |
Gold Coast
| Teaching method |
| Lecture online 1 hour (10 weeks) |
| Workshop on-site 2 hours (10 weeks) |
| Assessment | |
| Online quizzes | 10% |
| Portfolio | 30% |
| Exam: closed book | 60% |
Lismore
| Teaching method |
| Lecture online 1 hour (10 weeks) |
| Workshop on-site 2 hours (10 weeks) |
| Assessment | |
| Online quizzes | 10% |
| Portfolio | 30% |
| Exam: closed book | 60% |
Online
| Teaching method |
| Lecture online 1 hour (10 weeks) |
| Assessment | |
| Online quizzes | 10% |
| Portfolio | 30% |
| Exam: closed book | 60% |
Papua New Guinea - IBSU Port Moresby
| Teaching method |
| Structured online learning |
| Assessment | |
| Online quizzes | 10% |
| Portfolio | 30% |
| Exam: closed book | 60% |
Sydney
| Teaching method |
| Structured online learning |
| Assessment | |
| Online quizzes | 10% |
| Portfolio | 30% |
| Exam: closed book | 60% |
Fee information
Domestic
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2014 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.