2022 unit offering information will be available in November 2021
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.
Topic 1: Introduction to the accounting environment
Topic 2: Recording business transactions
Topic 3: Overview of the financial statements I
Topic 4: Overview of the financial statements II
Topic 5: Financial statement analysis
Topic 6: Budgeting
Topic 7: Cost volume profit
Topic 8: Capital investments
Topic 9: Working capital management
Topic 10: Financing the business
Topic 11: Performance management
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 regulatory, social and ethical context of the business environment|
|2||record basic business transactions and produce the four key financial statements|
|3||use financial statement analysis techniques to aid internal and external decision making|
|4||apply basic costing, budgeting, working capital and capital investment techniques to organisational decision-making|
|5||distinguish and compare alternative sources of business financing|
|6||discuss the measurement of organisational performance|
|7||identify and apply basic accounting and finance tools and techniques in a routine setting.|
On completion of this unit, students should be able to:
- describe the regulatory, social and ethical context of the business environment
- record basic business transactions and produce the four key financial statements
- use financial statement analysis techniques to aid internal and external decision making
- apply basic costing, budgeting, working capital and capital investment techniques to organisational decision-making
- distinguish and compare alternative sources of business financing
- discuss the measurement of organisational performance
- identify and apply basic accounting and finance tools and techniques in a routine setting.
Teaching and assessment
Commonwealth Supported courses
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