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Unit of Study ACC00151 - Financial Accounting (2016)

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Unit Snapshot

  • Pre-requisites

    (ACC10707 - Accounting for Business
    OR ACC10249 Financial Information for Decision Making OR ACC00150 Using Financial Information) AND 36 credit points in any SCU units

  • Anti-requisites

    ACC00143 Accounting Principles and Practice

Unit description

Consolidates student knowledge about financial accounting by unpacking the process of preparing financial statements within the accounting cycle, enhances students’ confidence in applying their knowledge in a real business setting by developing students’ capability to efficiently record and report business transactions.

Unit content

Topic 1 Introduction to Financial Accounting: Revisiting the financial statements

Topic 2 Double-entry accounting: Recording transactions in the accounting cycle

Topic 3 Accrual accounting: Adjusting entries and the closing process

Topic 4 Accounting for business operations I

Topic 5 Accounting for business operations II

Topic 6 Accounting for business operations III

Topic 7 Accounting for business operations IV

Topic 8 Accounting for investment I

Topic 9 Accounting for investment II

Topic 10 The Cash Flow Statement

Availabilities

Location Domestic International
Gold Coast Session 1 Session 1
Lismore Session 1 Session 1
Melbourne N/A Session 1,  3
Online Session 1,  3 Session 1,  3
Papua New Guinea - IBSU Enga N/A Session 1
Papua New Guinea - IBSU Port Moresby N/A Session 1
Sydney N/A Session 1,  3

Learning outcomes and graduate attributes

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:

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
Learning outcome count Learning outcome description GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 Understand the application of the concepts of manual double-entry accounting and accrual accounting within the accounting cycle
2 Analyse accounting information and record business transactions in financial documents within the accounting cycle
3 Use the language of business to present financial accounting information to stakeholders
4 Understand the concept of internal control and the AASB regulatory framework that govern the measurement and disclosure of accounting information

On completion of this unit, students should be able to:

  1. Understand the application of the concepts of manual double-entry accounting and accrual accounting within the accounting cycle
    • GA4:
  2. Analyse accounting information and record business transactions in financial documents within the accounting cycle
    • GA4:
  3. Use the language of business to present financial accounting information to stakeholders
    • GA4:
    • GA6:
  4. Understand the concept of internal control and the AASB regulatory framework that govern the measurement and disclosure of accounting information
    • GA1:
    • GA4:

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.