Introductory accounting B
Mr Kevin Sharp
6 points * Two 1-hour lectures and one 1-hour tutorial per week * Distance approximately 12 hours per week * First, Second semester * Gippsland * Prerequisite: GBU1001
Objectives This subject will equip students with a thorough understanding of basic accounting principles and practice related to accounting concepts, systems and procedures. Students will consolidate and build on earlier studies of accounting as an information and control system for decision making. They will be prepared for further study in financial and managerial accounting.
Synopsis The accounting environment and framework, theoretical concepts and principles, the accounting cycle, special journals and ledgers, control accounts and subsidiary accounts,accounting for trading enterprises, accounting for cash, receivables, merchandise, and payables, computer accounting systems, non-current assets and capital expenditure, partnerships, companies, internal control, computer system controls.
Assessment Project assignments: 30% * Examination (3 hours): 70%. Students must obtain satisfactory results in assignments and the examination.
Prescribed texts
Ratnatunga J and others (eds) Systems and procedures in accounting Wiley, 1993