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Location Domestic International
Gold Coast
Melbourne
Session1, 3
Online
Session1, 3
Session1, 1, 3
Perth N/A
Session1, 3
Sydney
Session1, 3
Session1, 3

Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Introductory

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.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
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:

  1. understand the concepts of double entry accounting, accrual accounting and accounting cycle
    • GA4: Knowledge of a discipline
  2. analyse accounting information and record business transactions in financial documents within accounting cycle
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  3. 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
  4. 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).
Prescribed texts may change in future study periods.