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Unit Summary
Unit type
PG Coursework Unit
Credit points
12
AQF level
Level of learning
Introductory
School/College
Anti-requisites
ACC00700 Basic Business Accounting
Unit aim
Introduces students to knowledge of accounting processes, from recording transactions in journals and ledgers to preparing financial statements, enhances student's ability of applying 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
Topic 1 Introduction to financial accounting
Topic 2 Recording transactions in the accounting cycle using double-entry accounting
Topic 3 Accounting for business operation I
Topic 4 Accounting for business operation II
Topic 5 End of period processes
Topic 6 Statements of cash flows
Topic 7 Analysis and interpretation of accounting information
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 concepts of double entry accounting, accrual accounting and accounting cycle | Knowledge of a discipline | ||||||
| 2 | analyse accounting information and record business transactions in financial documents within accounting cycle | Knowledge of a discipline | Communication and social skills | |||||
| 3 | present, analyse and interpret financial information using the language of business to communicate with stakeholders effectively | Knowledge of a discipline | Communication and social skills | |||||
| 4 | understand internal control and AASB regulatory framework that govern the measurement and disclosures of accounting information. | Intellectual rigour | Communication and social skills | |||||
On completion of this unit, students should be able to:
- understand the concepts of double entry accounting, accrual accounting and accounting
cycle
- GA4: Knowledge of a discipline
- analyse accounting information and record business transactions in financial documents
within accounting cycle
- GA4: Knowledge of a discipline
- GA6: Communication and social skills
- present, analyse and interpret financial information using the language of business
to communicate with stakeholders effectively
- GA4: Knowledge of a discipline
- GA6: Communication and social skills
- understand internal control and AASB regulatory framework that govern the measurement
and disclosures of accounting information.
- GA1: Intellectual rigour
- GA6: Communication and social skills
Prescribed texts
- Hoggett, J, Medlin, J, Chalmers K, Hellmann, A, Beattie, C & Maxfield, J, 2018, Financial Accounting, 10th edn, John Wiley & Sons Australia, Milton, Australia. ISBN: 9780730363217 (Print and Interactive E-Text).
- Hoggett, J, Medlin, J, Chalmers K, Hellmann, A, Beattie, C & Maxfield, J, 2018, Financial Accounting, 10th edn, John Wiley & Sons Australia, Milton, Australia. ISBN: 9780730363217 (Print and Interactive E-Text).