Introductory Accounting

• • Topics:
  • Introduction to financial accounting
  • Financial statements
  • Recording accounting transactions
  • Non-current assets
  • Financial Statement analysis
  • Introduction to management accounting & ethics
  • Cost behaviour
  • Cost-volume-profit analysis
  • Budgeting for planning and decision making
  • Performance management system: Balanced Scorecard

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

Core

• UAD-HSM-DEG-2023
• UAD-INB-DEG-2023

Additional requirements

• Equipment requirements - Headphones or speakers (required to listen to lectures and other media). Headset, including microphone (highly recommended). Webcam (may be required for participation in virtual classrooms and/or presentations).
• Software requirements - It is essential for students to have reliable internet access in order to participate in and complete your units. MyUni is the University of Adelaide's online learning environment. MyUni provides access to various features including announcements, course materials, discussion boards and assessments.

The objective of the course is to provide an introductory knowledge of accounting to students of all disciplines such as business, professions, arts, engineering, health, medical, and sciences. A general overview of accounting principles relating to the preparation of financial and managerial reports will be presented. The primary focus is to illuminate how accounting information is utilised by a variety of stakeholders in planning, controlling, and investing decisions. Topics include accounting information in its decision-making context, a record of accounting transactions, understand and analyse of financial statements, cost behaviour, determination of product costs, cost-volume-profit analysis, performance management, and budgeting.

There are four (4) pieces of assessment in this subject, quizzes, financial statement presentation and application, financial statement analysis and a budgeting and break-even analysis. All pieces of assessment will assess your understanding of key concepts and your ability to integrate information and analyse and apply management accounting techniques to assist with decision-making.

• Quizzes (5%)
• Financial Statement Presentation and Application (30%)
• Financial Statement Analysis (30%)
• Budgeting and Break-Even Analysis (35%)

For textbook details check your university's handbook, website or learning management system (LMS).