Unit of Study ACCT5001 Business Accounting (2024)

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Unit Snapshot

Unit type

PG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

Unit description

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 real business setting; and develops students' ability to exercise professional judgement and communicate information concerning business practices with stakeholders.

Unit content

Module 1: Introduction to financial accounting
Module 2: Recording transactions in the accounting cycle using double-entry accounting
Module 3: Accounting for business operation I
Module 4: Accounting for business operation II
Module 5: End of period processes
Module 6: Statements of cash flows
Module 7: Analysis and interpretation of accounting information

Availabilities

Location	Domestic	International
Gold Coast	Term1,4	Term1,4
Melbourne	N/A	Term1,4
Online	Term1,4	Term1,4
Perth	N/A	Term1
Sydney	N/A	Term1,4

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:

apply the concepts of double entry accounting, accrual accounting and accounting cycle in complex business structures

analyse business transactions of different types of businesses, after recording transactions within accounting processes and systems

interpret financial information with critical evaluation in order to communicate with stakeholders effectively

implement internal control, generally accepted accounting principles and regulatory framework that govern the measurement and disclosures of accounting information.

Teaching and assessment

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Practical	30%
Exam: Proctored, Online	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Practical	30%
Exam: Proctored, Online	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Practical	30%
Exam: Proctored, Online	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Practical	30%
Exam: Proctored, Online	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Practical	30%
Exam: Proctored, Online	50%

Prescribed learning resources

Prescribed Texts

Hoggett, J, Medlin, J, Chalmers K, Beattie, C, Hellmann, A & Maxfield, J, 2021, Financial Accounting, 11th edn, John Wiley & Sons Australia Ltd, Milton, Australia.

Prescribed Resources/Equipment

Access to a computer with a webcam and reliable internet connection. Students will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit.
CPA Australia: http://www.cpaaustralia.com.au/
Chartered Accountants in Australia and New Zealand: http://www.charteredaccountantsanz.com
Financial Review: https://www.afr.com
IBM Investor: http://www.ibm.com
The Australian Accounting Standards Board: http://www.aasb.gov.au/
The Australian Securities and Investments Commission: http://www.asic.gov.au
The FACTIVA: http://www.dowjones.com/factiva
The IFRS Foundation and the IASB: http://www.ifrs.org

Prescribed Texts

Hoggett, J, Medlin, J, Chalmers K, Beattie, C, Hellmann, A & Maxfield, J, 2021, Financial Accounting, 11th edn, John Wiley & Sons Australia Ltd, Milton, Australia.

Prescribed Resources/Equipment

Students need access to a computer with a webcam and reliable internet connection to verify their identity before attempting the proctored, online exam in this unit.
CPA Australia: http://www.cpaaustralia.com.au/
Chartered Accountants in Australia and New Zealand: http://www.charteredaccountantsanz.com
Financial Review: https://www.afr.com
IBM Investor: http://www.ibm.com
The Australian Accounting Standards Board: http://www.aasb.gov.au/
The Australian Securities and Investments Commission: http://www.asic.gov.au
The FACTIVA: http://www.dowjones.com/factiva
The IFRS Foundation and the IASB: http://www.ifrs.org

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

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