Financial Accounting 1 - 2017

Unit summary


  • Level of Study: Undergraduate Level 1
  • Study load: 0.125 EFTSL
  • Delivery method: Web Dependent
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2017: SP2 , SP4
  • Availability for 2018: SP2 , SP4
  • Assessment: Assessment - Continuous Assessment (35%) , Invigilated Exam - Closed Book Exam (50%) - Learn more

Unit provided by

2017 Fees
Domestic 1,324.00
HECS 1,324.00
International 1,575.00

This course provides the foundational framework of financial accounting, so that a student can progress to a major study of the discipline by ensuring the student has an integrated understanding of fundamental accounting systems and the accounting cycle that can be applied to various entities. Students will experience and apply a variety of accounting processes influenced by the accounting standards and conceptual framework and be exposed to some of the fundamental theoretical and conceptual issues surrounding the practice of financial accounting.

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

  1. discuss from an introductory perspective the theoretical, conceptual and ethical environments in the practice of financial accounting
  2. identify a number of relevant Accounting Standards and their application to the basic practice of corporate financial accounting
  3. demonstrate an integrated knowledge of the financial accounting process and recognise the procedures required for designing and implementing accounting systems, both manual and computer based
  4. discuss fundamental financial accounting practice as applied to a variety of basic issues confronted by accountants.
  • Assessment — Continuous Assessment (35%)
  • Invigilated Exam — Closed Book Exam (50%)
  • Practical 1 (15%)
For more information on invigilated exams see Exams and results

Mandatory conditional prerequisites

You must either have successfully completed the following unit(s) before starting this unit, or currently be enrolled in the following unit(s) in a prior study period; or enrol in the following unit(s) to study prior to this unit:

Please note that your enrolment in this unit is conditional on successful completion of these prerequisite unit(s). If you study the prerequisite unit(s) in the study period immediately prior to studying this unit, your result for the prerequisite unit(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite unit(s) successfully you should not continue with your enrolment in this unit. If you are currently enrolled in the prerequisite unit(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this unit to give you time to re-attempt the prerequisite unit(s).

If you have completed equivalent study at another university, please contact a Student Advisor for advice.

  • Other special requirement — Students will require Windows Vista, Windows 7 or higher. UniSA does not support Windows XP.

This unit addresses the following topics.

1Accounting: The Framework, rules and regulatory environment
2Opening, Adjusting, Closing and Reversing Entries
3Specialised Journals and Control Accounts
4Acquisition of Non-Current Assets and Entities
5Depreciation and Disposal of Non-Current Assets
6Accounting for Inventories
7Accounting for Receivables
8Accounting for Cash - Control
9Accounting for Cash - Management
10Funding Alternatives - The Partnership

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Online Quizzes/Tests
  • Online assignment submission
  • Virtual Classroom

Online materials

  • Printable format materials
  • Quizzes
  • Resources and 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

  • Accounting 9E

    By: Hoggett, John

    ISBN: 9781118608227


    Supplier:Go to The Co-op Bookshop

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