Introduces students to knowledge of accounting processes, from recording transactions in journals and ledgers to preparing financial statements; enhances students' ability to apply their knowledge in a real business setting; and develops students' ability to exercise professional judgement and communicate information concerning business practices with stakeholders.
Topic 1 Introduction to financial accounting
Topic 2 Recording transactions in the accounting cycle using double-entry accounting
Topic 3 Accounting for business operation I
Topic 4 Accounting for business operation II
Topic 5 End of period processes
Topic 6 Statements of cash flows
Topic 7 Analysis and interpretation of accounting information
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||apply the concepts of double entry accounting, accrual accounting and accounting cycle in complex business structures|
|2||analyse business transactions of different types of businesses, after recording transactions within accounting processes and systems|
|3||interpret financial information with critical evaluation in order to communicate with stakeholders effectively|
|4||implement internal control, generally accepted accounting principles and regulatory framework that govern the measurement and disclosures of accounting information.|
On completion of this unit, students should be able to:
- apply the concepts of double entry accounting, accrual accounting and accounting cycle in complex business structures
- analyse business transactions of different types of businesses, after recording transactions within accounting processes and systems
- interpret financial information with critical evaluation in order to communicate with stakeholders effectively
- implement internal control, generally accepted accounting principles and regulatory framework that govern the measurement and disclosures of accounting information.
Prescribed Learning Resources
- Hoggett, J, Medlin, J, Chalmers K, Beattie, C, Hellmann, A & Maxfield, J, 2021, Financial Accounting, 11th edn, John Wiley & Sons Australia Ltd, Milton, Australia.
CPA Australia: http://www.cpaaustralia.com.au/
Chartered Accountants in Australia and New Zealand: http://www.charteredaccountantsanz.com
Financial Review: https://www.afr.com
IBM Investor: http://www.ibm.com
The Australian Accounting Standards Board: http://www.aasb.gov.au/
The Australian Securities and Investments Commission: http://www.asic.gov.au
The FACTIVA: http://www.dowjones.com/factiva
The IFRS Foundation and the IASB: http://www.ifrs.org
- Prescribed text information is not currently available.
- Prescribed resources/equipment information is not currently available.
Teaching and assessment
Commonwealth Supported courses
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Fee paying courses
For postgraduate or undergraduate full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees
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