Availabilities:
| Location | Domestic | International |
|---|---|---|
| SCU Online |
Unit Summary
Anti-requisites
ACCT5001 - Business Accounting OR ACCT6007 - Business Accounting (Online)
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.
| On completion of this unit, students should be able to: | |
|---|---|
| 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:
- understand the concepts of double entry accounting and accounting cycle
- analyse accounting information and record business transactions in financial documents within accounting cycle
- present, analyse and interpret financial information using the language of business to communicate with stakeholders effectively
- understand internal control and AASB regulatory framework that govern the measurement and disclosures of accounting information
Prescribed texts
- No prescribed texts.
- No prescribed texts.