Accounting Fundamentals
ACF110
Overview
Level of study: What does Undergraduate Level 1 mean?
Undergraduate Level 1
EFTSL: What does EFTSL mean?
0.125
Delivery Method: What does delivery method mean?
Fully Online
Prerequisites: What are the prerequisites?
No
Duration:
13 weeks
Domestic student fee:
$1,178.00 (AUD)
HECS student fee:
$1,178.00 (AUD)
International student fee:
$1,403.00 (AUD)
Description
ACF110 has two broad aims. The first is to provide a framework for students to learn basic accounting concepts and show how these concepts can be applied to financial statements that provide useful information for business evaluation and decision making. The second aim is to help students develop generic skills used in business, as well as in the accounting profession, thereby providing preparation for lifelong learning.
This unit is highly recommended if you wish to undertake an accounting degree. However, as ACF110 and ACG11 are similar, this unit cannot be credited to the Bachelor of Accounting degree offered by UniSA.
Please note: Assessment values are indicative only; details will be advised at the start of the unit.
Assessment
- Assignment 1 — (15%-25%)
- Assignment 2 — (20%-30%)
- Invigilated Exam — (50%-60%)
Learning Outcomes
At the completion of this unit students will be able to:
- describe the purpose and relevance of the main areas of accounting namely financial accounting, financial management (sometimes known as business finance) and management accounting
- apply relevant accounting concepts to simple business scenarios
- describe the effect of business transactions on the key elements and components of the three main accounting reports
- prepare simple Income Statements, Balance Sheets and Cash Flow Statements from summarised information
- analyse and interpret the information contained in Income Statements, Balance Sheets and Cash Flow Statements, having particular regard for business profitability, working capital management and financing
- understand simple cost concepts and their relevance to small business management
- apply basic management accounting techniques in order to provide solutions for simple business decisions
- begin developing an awareness of, and commitment to, the ethical behaviour expected of professional accountants
- apply generic skills relevant to business and the accounting profession so as to make a contribution to lifelong learning.
Topics
This unit addresses the following topics.
| Number | Topic |
|---|---|
| 1 | Overview of accounting information |
| 2 | Operating results and business financial position |
| 3 | Financial effect and implications of business transactions |
| 4 | Cash flow statements and cash analysis |
| 5 | Profitability |
| 6 | Working capital management |
| 7 | Risk and external evaluation |
| 8 | Cost volume profit analysis |
| 9 | Cost accounting and reporting systems |
| 10 | Cost analysis for planning and control |
Study Resources
This unit is delivered using the following methods and materials:
Print based materials
- Welcome Letter
Online materials
- Printable format materials
Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.
Click on the titles of the listed books below to find out more:
Required textbooks
By:Atrill Peter
ISBN: -
Format:Print
Supplier:Go to Unibooks
Recommended textbooks
Relevant Courses
This unit is a core requirement in the following courses:
- Bachelor of Business (Logistics and Supply Chain Management), RMIT University
- Bachelor of Business, Griffith University
This unit is part of a major, minor, stream or specialisation in the following courses:
This unit is an approved elective in the following courses:
- Bachelor of Technology (Information Systems), Swinburne University of Tnlgy
- Bachelor of Arts (Librarianship and Corporate Information Management), Curtin University
This unit may be eligible for credit towards other courses:
- Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
- In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Unibooks textbook list.
