ACCOUNTING PRINCIPLES AND PRACTICES

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Overview

It is important to learn accounting principles because they are essential for consistent and reliable accounting practice. This subject is designed to provide you with an understanding of fundamental accounting principles and how to apply them to accounting processes and systems. You will learn how to identify business transactions in … For more content click the Read more button below.

It is important to learn accounting principles because they are essential for consistent and reliable accounting practice. This subject is designed to provide you with an understanding of fundamental accounting principles and how to apply them to accounting processes and systems. You will learn how to identify business transactions in a systematic way, prepare financial statements, and evaluate business financial performance using accounting tools. You will develop professional judgment and data analytics skills through real-world business scenarios.

Portfolio

Office of the Provost

School

Subject coordinator

Helen Yang

Subject type

Postgraduate

Year level

Year Level 4 - UG/Hons/1st Yr PG

AQF level

Level 8 - Graduate Certificate

Available as elective

Yes

Available to study abroad / exchange students

Yes

Capstone subject
Capstones provide students with a way of integrating and applying knowledge and skills gained throughout their course.

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Subject instances

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Career ready

Career focused:This subject contains career development learning or professional engagement opportunities

Work based learning (placement):No

Graduate capabilities

COMMUNICATION - Communicating and Influencing

COMMUNICATION - Cultural Intelligence and Global Perspective

COMMUNICATION - Digital Capability

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Creativity and Innovation

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

PERSONAL AND PROFESSIONAL - Adaptability and Self-Management

PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

PERSONAL AND PROFESSIONAL - Leadership and Teamwork

Subject intended learning outcomes

On successful completion you will be able to:

Justify the purpose of accounting, and its processes and systems, within the Australian regulatory environment

Identify business transactions, analyse and record transactions, and prepare financial statement using double-entry accounting principles.

Critically evaluate financial performance to inform decision making using relevant information.

Exercise professional judgement to solve accounting problems from ethical, social, and regulatory perspectives.

Effectively communicate financial and non-financial information to a range of stakeholders.

Handbook