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Unit Summary
Unit type
PG Coursework Unit
Credit points
12
AQF level
Level of learning
Introductory
Former School/College
Anti-requisites
ACC00700 Basic Business Accounting
Unit aim
Introduces students to the manual processes of financial accounting for a retail business, from recording transactions in journals to preparing internal-format financial reports and analysing and interpreting the information presented in those reports. Students will also develop skills in Microsoft Excel, Word and PowerPoint software as tools used by accountants.
Unit content
Topic 1 Contemporary accountants and accounting
Topic 2 Record-keeping systems and principles
Topic 3 Processing recurring transactions
Topic 4 Processing non-recurring transactions
Topic 5 EOP processes and financial reports
Topic 6 Statements of Cash Flows
Topic 7 Analysis and interpretation
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 | manually carry out all the steps in the accounting cycle for a retail business, from analysing source documents to preparing internal-format financial reports | |||||||
2 | prepare working papers for repetitive financial accounting tasks, both manually and using Microsoft Excel spreadsheet software efficiently | |||||||
3 | analyse and interpret financial accounting information using the language of business to communicate findings with stakeholders both orally and in writing, demonstrating efficient and effective use of Microsoft Word word processing software and Microsoft PowerPoint presentation software | |||||||
4 | apply academic knowledge and skills to new contexts including workplace settings | |||||||
5 | demonstrate the ability to work collaboratively on a group project | |||||||
6 | analyse and reflect on the learning experience and articulate that experience in a learning journal |
On completion of this unit, students should be able to:
-
manually carry out all the steps in the accounting cycle for a retail business, from analysing source documents to preparing internal-format financial reports
- GA4:
-
prepare working papers for repetitive financial accounting tasks, both manually and using Microsoft Excel spreadsheet software efficiently
- GA4:
-
analyse and interpret financial accounting information using the language of business to communicate findings with stakeholders both orally and in writing, demonstrating efficient and effective use of Microsoft Word word processing software and Microsoft PowerPoint presentation software
- GA4:
- GA6:
-
apply academic knowledge and skills to new contexts including workplace settings
- GA4:
- GA5:
-
demonstrate the ability to work collaboratively on a group project
- GA6:
-
analyse and reflect on the learning experience and articulate that experience in a learning journal
- GA5:
- GA6:
Prescribed texts
- Hoggett, J, Medlin, J, Edwards, L, Tilling, M & Hogg, E, 2011, Financial Accounting, 8th edn, John Wiley (VitalSource). ISBN: 9780730301226.
- Summers, J & Smith, B, 2009, Communication Skills Handbook, 3th edn, John Wiley (VitalSource), 2009. ISBN: 9781118590973.
- Hoggett, J, Medlin, J, Edwards, L, Tilling, M & Hogg, E, 2011, Financial Accounting, 8th edn, John Wiley (VitalSource). ISBN: 9780730301226.
- Perdisco, 2009, Practice Set, Edition 3, Perdisco, Australia.