Accounting Systems and Reporting
Duration
One Semester or equivalent
Contact hours
- 36
2021 teaching periods
Hawthorn
Higher Ed. Semester 1 | Higher Ed. Semester 2 | |
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Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Swinburne Online
Teaching Period 1 | Teaching Period 3 | |
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Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Aims and objectives
This unit enhances the student's ability to develop a sound understanding of both recording transactions through manual and computer systems and of the main accounting reports that are the output from accounting systems. The unit also aims 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. More generally 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)
2. Apply accounting fundamentals to the design and operation of an an accounting information system using computerised accounting software to provide information to internal and external users that will allow them to make informed business decisions
3. Interpret and critically analyse financial reports to make meaningful comparisons between businesses past, present and future performance
4. Apply problem solving methodologies to select financial information (both financial and non-financial) that is relevant to particular financial and strategic business decisions
5. Communicate proficiently and work effectively as a member of a team.
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
2. Assignment (Group) 30-40%
3. Final Examination (Individual) 40-60%
General skills outcomes
• Analysis skills
• Problem solving skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently and professionally
Content
• Recording transactions for a business entity using computerised software
• Conceptual framework and accounting standards
• Understanding costs and revenue in an entity - focus on cost behaviour, cost traceability and pricing issues
• Short run cost volume profit decisions
• Profitability analysis & interpretation of financial reports
• Cash Flow analysis
• Performance Evaluation of the business unit and its manager
Study resources
- Reading materials and references.