Accounting, Accountability and Society
Spotlight the accounting field’s potential as a financial decision-making aid. Define where accounting sits in the business environment. Get to know the recording and reporting methods used. Look at shareholder equity from an accountant’s perspective.
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Subjects may require attendance
- 20 Jul 2020
QS RANKING 2020
Times Higher Education Ranking 2020
At the completion of this subject you will be able to:
- Demonstrate basic recording and reporting techniques commonly used in business with an attention to detail.
- Outline the basic features of different types of business structures.
- Interact and collaborate with others effectively, including in teams, in the workplace, and in culturally or linguistically diverse contexts.
- Identify and explain environmental variables which affect and/or influence the measurement and/or reporting of financial information.
- Use various analysis tools to aid analysis and interpretation when making decisions.
- Outline the need for financial information as a basis for decision making in different contexts.
- The Business Environment and the Role of Accounting
- Recording Accounting Transactions
- Accrual Accounting, Adjustments and Closing The Ledger
- Inventory, Cash and Receivables
- Non Current Assets and Intangible Assets
- Shareholders' Equity
- Statement of Cash Flows
- Financial Statement Analysis
In order to enrol in this subject, you must be accepted into one of the following degrees:
No special requirements
This subject was previously titled Financial Accounting and Business.
Accounting, Accountability and Society 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 the role of accounting in its social context. 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 surrounding financial recording and reporting and the practical issues related to business recording systems. There is a strong emphasis on the development and/or enhancement of team work skills in this subject.
Assessment values are indicative only; details will be advised at the start of the subject.
- Invigilated Exam (50%)
- Project (40%)
- Topic tests (10%)
Check the learning management system (LMS) of your university for textbook details.