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.

Teaching Periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 1
Location
Hawthorn
Start and end dates
26-February-2024
26-May-2024
Last self-enrolment date
10-March-2024
Census date
31-March-2024
Last withdraw without fail date
12-April-2024
Results released date
02-July-2024
Teaching Period 2
Location
Online
Start and end dates
08-July-2024
06-October-2024
Last self-enrolment date
21-July-2024
Census date
02-August-2024
Last withdraw without fail date
23-August-2024
Results released date
29-October-2024
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024
Teaching Period 3
Location
Online
Start and end dates
04-November-2024
09-February-2025
Last self-enrolment date
17-November-2024
Census date
29-November-2024
Last withdraw without fail date
27-December-2024
Results released date
04-March-2025

Learning outcomes

Students who successfully complete this unit will be able to:

  • Explain the importance of accurate and timely recording of financial transactions following generally accepted accounting principles
  • 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.
  • Apply generally accepted accounting principles to the recording and interpretation of a range of business transactions.
  • Work collaboratively in a team environment to achieve set goals related to increasing knowledge of the accounting process.
  • 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
AssignmentGroup 20 - 30% 2,3,4,5 
AssignmentIndividual 20 - 30% 2,3,4,5 
ExaminationIndividual 40 - 60% 1,2,3,5 
ExaminationIndividual 40 - 60% 1,2,3,5 
TestIndividual 20 - 30% 2,3,5 
TestIndividual 20 - 30% 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.