Financial Accounting

Description

Unit description: Provides an introduction to accounting systems and processes with a focus on recording routine business transactions, the preparation of financial statements and the use of accounting information to make business decisions in a variety of business contexts. The unit presupposes no prior knowledge of accounting. It provides the foundation knowledge and core skills for the upper level accounting units and equips other business majors with essential accounting tools. Unit content: Module 1: Introduction to the role of accounting Module 2: The accounting equation Module 3: Accounting for retail operators including GST and reporting and analysing inventory Module 4: Internal controls, cash and receivables and non-current assets Module 5: Liabilities and equity Module 6: Statement of cashflows, analysis and interpretation Learning outcomes: Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes . The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.