Availabilities:

Location Domestic International
SCU Online Study Period 1,  4 Study Period 1,  4

Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

9

Level of learning

Intermediate

Unit aim

Introduces students to knowledge of accounting processes, from recording transactions in journals and ledgers to preparing financial statements; enhances students ability to apply their knowledge in a business setting; and develops students' ability to exercise professional judgement and communicate information concerning business practices with stakeholders.

Unit content

Topic 1 Introduction of bookkeeping system: double entry accounting
Topic 2 Accounting for retail business: sales and purchases
Topic 3 Accounting for business I
Topic 4 Accounting for business II
Topic 5 Accounting for business III
Topic 6 Financial Statements

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: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
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 and accounting cycle
2 analyse accounting information and record business transactions in financial documents within accounting cycle
3 present, analyse and interpret financial information using the language of business to communicate with stakeholders effectively
4 understand internal control and AASB regulatory framework that govern the measurement and disclosures of accounting information

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

  1. understand the concepts of double entry accounting and accounting cycle
    • GA4:
  2. analyse accounting information and record business transactions in financial documents within accounting cycle
    • GA4:
    • GA6:
  3. present, analyse and interpret financial information using the language of business to communicate with stakeholders effectively
    • GA4:
    • GA6:
  4. understand internal control and AASB regulatory framework that govern the measurement and disclosures of accounting information
    • GA1:
    • GA6:

Prescribed texts

  • No 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.
Prescribed texts may change in future teaching periods.