Overview

The aim of this unit is to introduce students to financial information systems, both manual and computer based. The basis of the unit is the accurate recording of all transactions following the principles of double entry accounting. In addition, students are introduced to the concepts of internal control and management accounting.

Requisites

Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date

Unit learning outcomes

Students who successfully complete this unit will be able to:
 

  1. Explain the importance of accurate and timely recording of financial transactions following generally accepted accounting principles
  2. Apply the rules of double entry accounting to manually and digitally record financial transactions in ledgers (general and subsidiary) and journals (general and special) and prepare financial statements.
  3. Apply generally accepted accounting principles to the recording and interpretation of a range of business transactions.
  4. Work collaboratively in a team environment to achieve set goals related to increasing knowledge of the accounting process.
  5. Demonstrate an understanding of the implications of digital technologies and digital business transformation on the role of accountants and accounting practices.

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)
On-campus
Class		2.00 12 weeks 24
Online
Lecture		1.00 12 weeks 12
Unspecified Activities
Independent Learning		9.50 12 weeks 114
TOTAL150

Swinburne Online

Type Hours per week Number of weeks Total (number of hours)
Online
Directed Online Learning and Independent Learning		12.50 12 weeks 150
TOTAL150

Assessment

Type Task Weighting ULO's
Assignment Group  35 - 45%  2,3,4,5 
Assignment Individual  35 - 45%  2,3,4,5 
Examination Individual  40 - 60%  1,2,3,5 
Examination Individual  40 - 60%  1,2,3,5 
Test Individual  5- 15%  2,3,5 
Test Individual  5- 15%  2,3,5 

Content

  • Rules of double entry accounting
  • Recording transactions in ledgers and journals (both General and Special)
  • Balance day adjustments
  • Internal control
  • Cash control
  • Accounts receivable
  • Liabilities
  • Inventory management
  • Fixed asset control
  • Double entry accounting software
  • Accounting implications of digital transformations

Study resources

Reading materials

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.