Availabilities:
2024 unit offering information will be available in November 2023
Unit description
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
Module 1: Introduction to the role of accounting
Module 2: The accounting equation
Module 3: Accounting for retail operators including GST and reporting and analysing inventory
Module 4: Internal controls, cash and receivables and non-current assets
Module 5: Liabilities and equity
Module 6: Statement of cashflows, analysis and interpretation
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: | |
|---|---|
| 1 | describe the key characteristics and underpinning theoretical principles of the regulatory framework that govern the measurement and disclosure of accounting information. |
| 2 | apply routine accounting concepts and principles for recording business transactions using accrual accounting, double entry system and accounting software to produce financial reports. |
| 3 | prepare and interpret the four key financial statements using tools and techniques for decision-making purposes from a multiple stakeholders’ perspective. |
| 4 | analyse and describe the role of internal controls in the context of a business’s operating environment. |
On completion of this unit, students should be able to:
- describe the key characteristics and underpinning theoretical principles of the regulatory framework that govern the measurement and disclosure of accounting information.
- apply routine accounting concepts and principles for recording business transactions using accrual accounting, double entry system and accounting software to produce financial reports.
- prepare and interpret the four key financial statements using tools and techniques for decision-making purposes from a multiple stakeholders’ perspective.
- analyse and describe the role of internal controls in the context of a business’s operating environment.
Teaching and assessment
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
International
Please check the international course and fee list to determine the relevant fees.