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Unit of Study ACC00151 - Financial Accounting (2018)

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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
GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 Describe the key characteristics and underpinning theoretical principles of the regulatory framework that govern the measurement and disclosure of accounting information.
2 Apply routine accounting concepts and principles for recording business transactions using accrual accounting and the double entry system for the three main business structures.
3 Use accounting software to record business transactions and produce financial reports through an accounting cycle.
4 Prepare and interpret the four key financial statements using tools and techniques for decision-making purposes from a multiple stakeholders’ perspective.
5 Describe the role of internal controls in the context of a business’s operating environment.

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

  1. Describe the key characteristics and underpinning theoretical principles of the regulatory framework that govern the measurement and disclosure of accounting information.
    • GA4:
  2. Apply routine accounting concepts and principles for recording business transactions using accrual accounting and the double entry system for the three main business structures.
    • GA4:
  3. Use accounting software to record business transactions and produce financial reports through an accounting cycle.
    • GA1:
    • GA4:
  4. Prepare and interpret the four key financial statements using tools and techniques for decision-making purposes from a multiple stakeholders’ perspective.
    • GA1:
    • GA5:
  5. Describe the role of internal controls in the context of a business’s operating environment.
    • GA4:

Prescribed learning resources

Prescribed Texts
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Prescribed Learning Resources may change in future Teaching Periods.