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Unit of Study ACCT1001 - Accounting and Finance for Business (2024)

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Unit Snapshot

  • Enrolment information

    N/A

Unit description

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. 

Unit content

Module 1: Introduction to accounting and The Balance Sheet

Module 2: The Income Statement and Cash Flow Statement

Module 3:  Analysis of financial statements

Module 4:  Budgeting and performance measurement

Module 5: Cost-Volume-Profit analysis

Module 6: Capital Investment and Financing the business

Availabilities

Location Domestic International
China - TUST N/A
Dual Term2

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:

review financial statements of the business, Balance Sheet, Income statement and Cash flow statement

undertake a ratio analysis of a company’s financial statements

discuss and apply budgeting, performance measurement, Cost-volume-profit analysis and capital investment techniques to make appropriate business decision

distinguish and compare alternative sources of financing for business.

Prescribed learning resources

Prescribed Texts
  • Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
Prescribed Resources/Equipment
  • No prescribed resources/equipment.

Prescribed Learning Resources may change in future Teaching Periods.