6 points, SCA Band 3, 0.125 EFTSL
Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
- First semester 2017 (Day)
- First semester 2017 (Evening)
- Second semester 2017 (Day)
This unit examines accounting as an information system. It will introduce students to accounting principles and reporting practices from a user's perspective. The information requirements of two main groups are examined - external users such as owners, shareholders, investors, potential investors, and internal users such as managers. This unit provides students with an introduction to accounting and an understanding of the preparation, presentation and interpretation of financial statements. In particular, emphasis is placed on an understanding of various business structures including control and reporting aspects of new businesses, processes, practices and policies that enable the financial performance and financial position of an entity, as displayed by the balance sheet, income statement and statement of cash flows, to be measured, analysed and interpreted. Managerial accounting issues are also presented, with particular emphasis on cost management, cost behaviour, budgeting and performance measurement.
The learning goals associated with this unit are to:
- understand various forms of business organisations
- apply financial and management accounting principles in the preparation of financial statements
- measure performance, financial position, liquidity and risk indicators of particular businesses
- develop capabilities to work effectively in a group; demonstrate effective individual research skills to produce professional quality business documents to solve accounting problems; demonstrate independent thinking through contribution to class discussions; and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in this unit.
Within semester assessment: 45% +
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF5903, AFX9003 AND students enrolled in any of the following courses are prohibited: 0790, 0826, 3843, 4402, 0503, 3850, 4401, B6011, B6015