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Subject details

  • Topics
    • The Business Environment and the Role of Accounting
    • Recording Accounting Transactions
    • Inventory, Cash and Receivables (including GST)
    • Accrual Accounting, Adjustments and Closing The Ledger
    • Non Current Assets and Intangible Assets
    • Liabilities
    • Shareholders' Equity
    • Statement of Cash Flows
    • Financial Statement Analysis
  • Study resources
    • Instructional Methods
      • Disscusion forum/Discussion Board
      • Web links
      • Online assignment submission
      • Podcasting/Leacture capture
      • Online Quizzes/Tests
      • Standard Media

At the completion of this subject 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.
  • Assignment 1 - End of Semester Exam (50%)
  • Assignment 2 - Project (40%)
  • Assignment 3 - Topic tests (10%)

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 subject

No eligibility requirements

Special requirements

No special requirements

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

Financial Accounting and Business is a foundation subject that lays the basis for further study in financial management and accounting. This subject 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 subject 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 subject.

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