Unit of Study ACCT1001 Accounting and Finance for Business (2024)

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Unit Snapshot

Unit type

UG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

Unit description

Introduces the concepts, principles and techniques of accounting and finance used by internal and external decision makers through teacher-directed activities. This unit focuses on providing the fundamental knowledge and skills to enable students to appreciate how accounting and finance is used for planning and control in organisations.

Unit content

Module 1: Introduction to accounting and The Balance Sheet

Module 2: The Income Statement and Cash Flow Statement

Module 3: Analysis of financial statements

Module 4: Budgeting and performance measurement

Module 5: Cost-Volume-Profit analysis

Module 6: Capital Investment and Financing the business

Availabilities

Location	Domestic	International
China - TUST	N/A	Dual Term2

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.

On completion of this unit, students should be able to:

review financial statements of the business, Balance Sheet, Income statement and Cash flow statement

undertake a ratio analysis of a company’s financial statements

discuss and apply budgeting, performance measurement, Cost-volume-profit analysis and capital investment techniques to make appropriate business decision

distinguish and compare alternative sources of financing for business.

Teaching and assessment

Teaching method

Residential

Assessment
Quiz	10%
Quiz	10%
Short written response	50%
Case study	30%

Prescribed learning resources

Prescribed Texts

Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.

Prescribed Resources/Equipment

No prescribed resources/equipment.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

Fee paying courses
For postgraduate or undergraduate full-fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees.

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