Accounting Context and Method

• • 1. Week 1 - Topic 1 - Introduction, double entry accounting and GST
  • 1.1) No Workshop
  • 1.2) Readings: Chapter 1,2,3
  • 2. Week 2 - Topic 2 - General Journal, Ledger and Trial Balance
  • 2.1) Workshop: Topic 1
  • 2.2) Readings: Chapter 3
  • 3. Week 3 - Topic 3 - Adjusting entries and 10 column worksheets
  • 3.1) Workshop: Topic 2
  • 3.2) Readings: Chapter 4
  • 4. Week 4 - Topic 4 - Closing entries and preparing financial statements
  • 4.1) Workshop: Topic 3
  • 4.2) Readings: Chapter 5
  • 5. Week 5 - Topic 5 - Subsidiary ledgers and special journals
  • 5.1) Workshop: Topic 4
  • 5.2) Readings: Chapter 7
  • 6. Week - Topic 6 TEST
  • 6.1) No Workshop
  • 6.2) Test held during lecture time
  • 7. Week 7 - Inventory
  • 7.1) Workshop: Topic 5
  • 7.2) Readings: Chapter 6,13
  • 8. Mid Semester Break
  • 8.1) n/a
  • 9. Week 8 - Topic 8 - Internal control and cash
  • 9.1) Workshop: Topic 7
  • 9.2) Readings: Chapter 7,11
  • 10. Week 9 - Topic 9 - Non-current Assets
  • 10.1) Workshop: Topic 8
  • 10.2) Readings: Chapter 14,15
  • 11. Week 10 - Topic 10 - Independent work on assignment
  • 11.1) No Workshop
  • 11.2) Assignment due 5pm Friday
  • 12. Week 11 - Topic 11 - Equity and presentation of Financial Statements
  • 12.1) Workshop: Topic 9
  • 12.2) Readings: Chapter 9,17
  • 13. Week 12 - Topic 12 - Cash Flow Statements
  • 13.1) Workshop: Topic 11
  • 13.2) Readings: Chapter 18

No eligibility requirements

Special requirements

No special requirements

Welcome to this foundation subject for students intending to undertake an Accounting Major in the Bachelor of Business. This subject is compulsory and is an important pre-requisite for second and third year subject. You will consider the fundamental principles that underpin accrual accounting and financial reporting including how and why financial transactions are recorded as they are. The elements of the accounting cycle and techniques of measurement, recording and reporting for decision makers are also considered.

• Class Test (15%)
• Closed Book Exam (60%)
• Workshop Portfolio (10%)
• Accounts Report (15%)

Current study term: 11 Jul 21 to 17 Oct 21