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Subject details

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

  1. Discuss the role of the accounting profession in business
  2. Identify accounting as an information process for business decision making and describe the workings of the accounting cycle
  3. Explain the accounting equation and the determination of financial position
  4. Discuss the basic accounting concepts, principles and procedures 
  5. Analyse and interpret financial accounting information from a management and user perspective.
  6. Work independently to solve accounting problems with consideration of ethical issues.
  • Topics

    • Introduction to Accounting
    • Organisations and the Accounting Process
    • Recording Accounting Data
    • Preparation of Financial Reports from Accounting Data
    • Accounting for Merchandise
    • Using Financial Accounting Reports for Decision Making
    • Statement of Cash Flows
  • Study resources

    • Instructional Methods

      • Audio/Video conferencing
      • Discussion forum/Discussion Board
      • Online assignment submission
      • Virtual Classroom
      • Web links
      • Online Quizzes/Tests
    • Online Materials

      • Quizzes
      • Online Assessment
      • Printable format materials
      • Resources and Links

No eligibility requirements

Special requirements

No special requirements

This subject provides an overview of the field of accounting and the conceptual and practical foundation required to analyse and interpret accounting information in the business environment.

This subject is part of the Business Pathway.

OUA Pathways recommends the best subjects to start your studies, even if you're not sure which degree you want to do. Each pathway includes four subjects based on your area of interest. Once you complete your recommended path you'll be able to choose from a range of degrees in your area of interest. Plus, each of the subjects you complete through OUA Pathways can also be credited towards your chosen degree.

Learn more about OUA Pathways.

  • 3 hours (60%)
  • Weekly assessment activity (15%)
  • 1250 words plus calculations (25%)

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.

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