Availabilities:
2024 unit offering information will be available in November 2023
Unit description
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.
Unit content
Module 1: Introduction to financial accounting
Module 2: Recording transactions in the accounting cycle using double-entry accounting
Module 3: Accounting for business operation I
Module 4: Accounting for business operation II
Module 5: End of period processes
Module 6: Statements of cash flows
Module 7: Analysis and interpretation of accounting information
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 | 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.
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.