Subject description
This subject introduces students to the principles of a double-entry accounting system to identify, classify, process, record and present accounting information. Students use accounting software to record business transactions, process accounting information and prepare financial statements. The subject introduces the role of ethics and professional judgement, in the context of … For more content click the Read More button below.
Equivalence
ACCY111 - Accounting Fundamentals In Society
WUCB122 - Accounting Principles
Tutorial enrolment
Students can enrol online via the Tutorial Enrolment link in SOLS
Delivery
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Engagement hours
Contact Hours:2hr lecture 2 hr tutorial
Learning outcomes
On successful completion of this subject, students will be able to:
1.
Explain the nature, role and importance of ethics to the accounting profession.
2.
Explore and describe the foundational principles that inform accounting practice.
3.
Demonstrate technical competence in applying the principles of double-entry accounting and preparing financial statements.
4.
Demonstrate the appropriate skills needed to use accounting software to record business transactions, process accounting information and prepare financial statements.
Assessment details
Mid-session Exam
Assignment
Final Exam
Work integrated learning
Embedded WIL:This subject contains elements of "Embedded WIL". Students in this subject will experience activities that relate to or simulate professional practice as part of their learning.
Textbook information
Hoggett, JR, Medlin, J, Chalmers, K, Beattie, C, Hellmann, A & Maxfield, J 2021, Accounting, 11th Edition, John Wiley and Sons, Australia.
Contact details
Faculty contact