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Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

9

Level of learning

Intermediate

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 of bookkeeping system: double entry accounting

Topic 2 Accounting for retail business: sales and purchases

Topic 3 Accounting for business operation I

Topic 4 Accounting for business operation II

Topic 5 Accounting for liabilities and equity

Topic 6 Statements of cash flows

 

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: