Enrolments for 2019 have closed.
Accounting, Accountability and Society
Postgraduate | RMI-MPAC10 | 2019
Course information for 2019 intake
View information for 2020 course intakeSpotlight 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.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
FEE-HELP available
Accounting, Accountability and Society
About this subject
At the completion of this subject you will be able to:
- Utilise the basic recording and reporting techniques commonly used in business
- Approach basic recording and reporting techniques with an attention to detail
- Utilise analysis and interpretation as an aid to decision making using various analysis tools
- Outline the basic features of different types of business structures
- Describe the need for financial information as a basis for decision making
- Determine and explain environmental variables which affect and/or influence the measurement, recording and/or reporting of financial information
- Develop / enhance interpersonal skills through collaboration in a team
- Reflect on the experiences of operating in a team.
- 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
Please note: This subject is no longer on offer in Session 1 2018.
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.
- Invigilated Exam (50%)
- Project (40%)
- Topic tests (10%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.