ACB1020 - Accounting in business

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Overview

This unit introduces basic accounting concepts to non-accountants. The information requirements of two main groups of information users are examined - external users such as current and potential investors and internal users such as managers. This unit provides an introduction to the structure, meaning, analysis and interpretation of financial statements, … For more content click the Read More button below.

This unit introduces basic accounting concepts to non-accountants. The information requirements of two main groups of information users are examined - external users such as current and potential investors and internal users such as managers. This unit provides an introduction to the structure, meaning, analysis and interpretation of financial statements, in addition to exploring financial issues confronting managers, such as cost and performance measurement and budgeting.

Offerings

S1-01-PENINSULA-ON-CAMPUS

Requisites

Prohibition

Contacts

Chief Examiner(s)

Dr Mahendra Goyal

Learning outcomes

On successful completion of this unit, you should be able to:

demonstrate an understanding of various forms of business organisations

apply financial and management accounting principles in the preparation of financial statements

measure and interpret information relating to financial performance, financial position, liquidity and risk indicators of businesses

measure and interpret financial and non-financial information for managers to use in planning, decision making and control

develop the ability to work effectively in a team and demonstrate the development of judgement, and skills in problem solving, critical thinking and analysis.

Assessment summary

Within semester assessment: 50% + Examination: 50%

This unit contains a hurdle requirement that you must achieve to be able to pass the unit. The consequence of not achieving a hurdle requirement is a fail grade (NH) and a maximum mark of 45 for the unit.

Workload requirements

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.