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Unit of Study ACCT1002 Financial Accounting (2024)

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Unit Snapshot


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:

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

Teaching method
Residential
Assessment
Quiz20%
Practical30%
Exam: take home50%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Exam: take home50%
Practical30%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Exam: take home50%
Practical30%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Exam: take home50%
Practical30%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Exam: take home50%
Practical30%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Exam: take home50%
Practical30%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Exam: take home50%
Practical30%

Prescribed learning resources

Prescribed Texts
  • Carlon, S, McAlpine, R, Lee, C, Mitrione, L, Kirk, N & Wong, L, 2021, Financial Accounting: Reporting, Analysis and Decision Making, 7th edn, John Wiley and Sons Australia, Australia. ISBN: 9780730395294 (Print & interactive e-Book Code); 9780730395300 (e-Book).
Prescribed Resources/Equipment
  • Students need access to a computer with a webcam and reliable internet connection, and will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit. (This does not apply to IBSU (PNG) and TUST (Tianjin) students.)

  • MYOB practice set for assessment item 3 – small additional cost.  Details and instructions for accessing the practice set can be found on MySCU (Blackboard).

     

Prescribed Texts
  • Carlon, S, McAlpine, R, Lee, C, Mitrione, L, Kirk, N & Wong, L, 2021, Financial Accounting: Reporting, Analysis and Decision Making, 7th edn, John Wiley and Sons Australia, Australia. ISBN: 9780730395294 (Print & interactive e-Book Code); 9780730395300 (e-Book).
Prescribed Resources/Equipment
  • Students need access to a computer with a webcam and reliable internet connection, and will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit. (This does not apply to IBSU (PNG) and TUST (Tianjin) students.)

  • MYOB practice set for assessment item 3 – small additional cost.  Details and instructions for accessing the practice set can be found on MySCU (Blackboard).

     

Prescribed Texts
  • Prescribed text information is not currently available.
Prescribed Resources/Equipment
  • Prescribed resources/equipment information is not currently available.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

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