One Semester or equivalent
Aims and objectives
From 2019 this unit will be replaced by ACC60008 Accounting Systems and Reporting.
This unit aims to enhance student's ability to develop a sound understanding of the main accounting reports that are the output from accounting systems. To provide students with the skills and techniques to analyse and interpret accounting information together with the expertise to recognise and select financial information relevant to particular business and financial decisions. To develop a sound basis of knowledge and interest in accounting that will provide students with a strong foundation for further studies in this field.
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
1 Critically evaluate the role that accounting information plays in practice within an environment of business decision making.
2 Apply the fundamental principles of accrual based accounting to a given transaction data set to prepare a set of financial reports
3 Critically analyse and interpret financial reports; and calculate ratios in order to make meaningful comparisons between businesses and to analyse a business' performance from year to year
4 Apply problem solving methodologies to select financial information (both financial and non-financial) that is relevant to particular business decisions.
5 Communicate proficiently and in a professional context and work effectively as a member of a diverse team.