Accounting, Accountability and Society - 2017

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary


  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: No
  • Duration: 13 weeks
  • Government loans available: FEE-HELP
  • Availability for 2017: Sess 1 , Sess 2 , Sess 3
  • Availability for 2018: Sess 1 , Sess 2 , Sess 3
  • Assessment: Assessment - Project (35%) , Invigilated Exam - End of Semester Exam (50%) - Learn more

Unit provided by

2017 Fees
Domestic 3,000.00
International 3,250.00

Please note: This unit was previously titled Financial Accounting and Business.

Financial Accounting and Business is a foundation unit that lays the basis for further study in financial management and accounting. This unit explains the role that accounting plays as an aid to financial decision-making. You will learn about the role that accounting recording and reporting systems play in the organisational environment and consider many of the conceptual issues relating to accounting measurement. The unit will begin your preparation for your future role in accounting practice by providing an understanding of many of the major conceptual and measurement issues involved as well as an understanding of the practical issues relating to business recording systems.

Assessment values are indicative only; details will be advised at the start of the unit.

At the completion of this unit you will be able to:

  1. Utilise the basic recording and reporting techniques commonly used in business
  2. Approach basic recording and reporting techniques with an attention to detail
  3. Utilise analysis and interpretation as an aid to decision making using various analysis tools
  4. Outline the basic features of different types of business structures
  5. Describe the need for financial information as a basis for decision making
  6. Determine and explain environmental variables which affect and/or influence the measurement, recording and/or reporting of financial information
  7. Develop / enhance interpersonal skills through collaboration in a team
  8. Reflect on the experiences of operating in a team.
  • Assessment — Project (35%)
  • Invigilated Exam — End of Semester Exam (50%)
  • Mid-study period test — Topic tests (15%)
For more information on invigilated exams see Exams and results

There are no prerequisites for this unit.

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

1The Business Environment and the Role of Accounting
2Recording Accounting Transactions
3Inventory, Cash and Receivables (including GST)
4Accrual Accounting, Adjustments and Closing The Ledger
5Non Current Assets and Intangible Assets
7Shareholders' Equity
8Statement of Cash Flows
9Financial Statement Analysis

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Online Quizzes/Tests
  • Online assignment submission
  • Podcasting/Lecture capture
  • Standard Media
  • Web links

This unit is a core requirement in the following courses:

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit may be eligible for credit towards other courses:

  1. 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.
  2. 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 Co-Op textbook list.

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

  • ACCT2 Financial : Asia-Pacific 2nd Edition

    By:Tyler, Godwin & Alderman

    ISBN: 9780170350341


    Supplier:Go to The Co-op Bookshop

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