FUNDAMENTALS OF ACCOUNTING

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Overview

This subject provides you with an understanding of accounting process and application in the business environment. The subject covers the conceptual framework underlying accounting practices and the application of accounting information systems in the process of recording and reporting business transactions. After studying this subject, you will be enabled to … For more content click the Read more button below.

This subject provides you with an understanding of accounting process and application in the business environment. The subject covers the conceptual framework underlying accounting practices and the application of accounting information systems in the process of recording and reporting business transactions. After studying this subject, you will be enabled to use accounting information to make business decisions and judgments incorporating both technical knowledge and ethical principles.

Portfolio

Office of the Provost

School

Subject coordinator

Kate Ashman

Subject type

Undergraduate

Year level

Year Level 1 - UG

AQF level

Level 5 - Diploma

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.

Academic progress review - Schedule A subject

Subject instances

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Learning resources

Prescribed - Book - Financial Accounting

Career ready

Work based learning (placement):No

Graduate capabilities

COMMUNICATION - Communicating and Influencing

COMMUNICATION - Digital Capability

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Subject intended learning outcomes

On successful completion you will be able to:

Explain the role of accounting in the business environment

Apply fundamental accounting concepts and ethical principles in recording and reporting business transactions

Prepare basic financial statements and analyse financial reports for decision making purposes

Use information communications technology (ICT) in the process of reporting, recording and analysing accounting information

Learning activities

Interactive workshops, in-class discussions, application of Excel and Word.

Handbook