Availabilities:

Location Domestic International
Brisbane - The Hotel School
Session2, 3
Session2, 3
China - TUST N/A
Coffs Harbour
Gold Coast
Lismore
Melbourne N/A
Session2, 3
Melbourne - The Hotel School
Session1, 2, 3
Session1, 2, 3
Online
Session2, 3
Session2, 3, 3
Papua New Guinea - IBSU Port Moresby N/A
Perth N/A
Session2, 3
Sydney N/A
Session2, 3
Sydney - The Hotel School
Session1, 2, 3
Session1, 2, 3

Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Introductory

Anti-requisites

ACC00150 Using Financial Information AND ACC10249 Financial Information for Decision Making

Unit aim

Introduces the concepts, principles and techniques of accounting and finance used by internal and external decision makers through teacher-directed activities. This unit focuses on providing the fundamental knowledge and skills to enable students to appreciate how accounting and finance is used for planning and control in organisations. 

Unit content

Topic 1: Introduction to the accounting environment

Topic 2: Recording business transactions

Topic 3: Overview of the financial statements I

Topic 4: Overview of the financial statements II

Topic 5: Financial statement analysis

Topic 6: Budgeting

Topic 7: Cost volume profit

Topic 8: Capital investments

Topic 9: Working capital management

Topic 10: Financing the business

Topic 11: Performance management

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 describe the regulatory, social and ethical context of the business environment Knowledge of a discipline
2 record basic business transactions and produce the four key financial statements Knowledge of a discipline
3 use financial statement analysis techniques to aid internal and external decision making Intellectual rigour Knowledge of a discipline Communication and social skills
4 apply basic costing, budgeting, working capital and capital investment techniques to organisational decision-making Intellectual rigour Knowledge of a discipline
5 distinguish and compare alternative sources of business financing Knowledge of a discipline
6 discuss the measurement of organisational performance Knowledge of a discipline Communication and social skills
7 identify and apply basic accounting and finance tools and techniques in a routine setting. Intellectual rigour

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

  1. describe the regulatory, social and ethical context of the business environment
    • GA4: Knowledge of a discipline
  2. record basic business transactions and produce the four key financial statements
    • GA4: Knowledge of a discipline
  3. use financial statement analysis techniques to aid internal and external decision making
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  4. apply basic costing, budgeting, working capital and capital investment techniques to organisational decision-making
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  5. distinguish and compare alternative sources of business financing
    • GA4: Knowledge of a discipline
  6. discuss the measurement of organisational performance
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  7. identify and apply basic accounting and finance tools and techniques in a routine setting.
    • GA1: Intellectual rigour

Prescribed texts

  • Prescribed text information is not currently available.

  • Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.

  • Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
Prescribed texts may change in future study periods.