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Unit of Study ACCT5001 - Business Accounting (2023)

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Unit Snapshot

  • Anti-requisites

    ACC00700 Basic Business Accounting

  • Enrolment information

    N/A

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

Availabilities

Location Domestic International
Gold Coast
Term4
Term4
Melbourne N/A
Term1,4
Online
Term1,4
Term1,4
Perth N/A
Term1,4
Sydney N/A
Term1,4

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:

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.

Prescribed learning resources

Prescribed Texts
  • Hoggett, J, Medlin, J, Chalmers K, Beattie, C, Hellmann, A & Maxfield, J, 2021, Financial Accounting, 11th edn, John Wiley & Sons Australia Ltd, Milton, Australia.
Prescribed Resources/Equipment

Prescribed Texts
  • Hoggett, J, Medlin, J, Chalmers K, Beattie, C, Hellmann, A & Maxfield, J, 2021, Financial Accounting, 11th edn, John Wiley & Sons Australia Ltd, Milton, Australia.
Prescribed Resources/Equipment

Prescribed Learning Resources may change in future Teaching Periods.