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Unit Summary
Unit type
UG Coursework Unit
Credit points
12
AQF level
Level of learning
Intermediate
Former School/College
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 aim
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
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: | 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:
-
Understand the application of the concepts of manual double-entry accounting and accrual accounting within the accounting cycle
- GA4:
-
Analyse accounting information and record business transactions in financial documents within the accounting cycle
- GA4:
-
Use the language of business to present financial accounting information to stakeholders
- GA4:
- GA6:
-
Understand the concept of internal control and the AASB regulatory framework that govern the measurement and disclosure of accounting information
- GA1:
- GA4:
Prescribed texts
- Australian paperback edition: Hoggett, J, Medlin, J, Edwards, L, Tillling, M & Hogg, E, 2012, Financial Accounting, 8th edn, John Wiley & Sons Australia, Brisbane. ISBN: 978-1-742-46636-1.
- Australian paperback edition: Hoggett, J, Medlin, J, Edwards, L, Tillling, M & Hogg, E, 2012, Financial Accounting, 8th edn, John Wiley & Sons Australia, Brisbane. ISBN: 978-1-742-46636-1.