Area: | School of Accounting |
Credits: | 25.0 |
Contact Hours: | 3.0 |
Lecture: | 1 x 1.5 Hours Weekly |
Tutorial: | 1 x 1.5 Hours Weekly |
Syllabus: | Introduction to accounting and financial statements. Transaction analysis. The basic accounting cycle - recording business transactions, journal, ledger, adjusting entries, preparation and presentation of financial statements. Major concepts underlying financial statements. Financial statement analysis. Regulatory environment of accounting. Planning and control. Cost-volume profit analysis. Introduction to capital budgeting. Basic concepts of taxation. Overview of accounting in the public sector. |
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Unit Outcomes: | On successful completion of this unit, students will have - A broad and practical understanding of both financial and managerial accounting. Distinguished between the information needs of internal and external users. Appreciated the importance of business planning and prepared a basic business plan. Employed the various decision-making techniques used by management. Identified and distinguished between various costs incurred by an entity. Defined basic investment principles. Prepared a loan schedule and distinguished between simple and compound interest as well as nominal and effective interest rates. Explained the differences between cash and accrual accounting. Accounted for entity transactions and prepared financial statements. Interpreted financial statements. Explained how changes to accruals can influence reported profit and discussed the motivations for managers seeking to influence profit. Distinguished between allowable and non-allowable deductions and explained how taxable income is determined. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
Unit References: | No prescribed references. |
Unit Texts: | Hoggett, Edwards and Medlin (2003), Accounting in Australia, 5th ed., Queensland, John Wiley and Sons. Hutchings, G., (2003), Accounting in Practice, Queensland, John Wiley and Sons. |
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Unit Assessment Breakdown: | Assignment 25%. Final exam 50%. Mid semester test 25%. This is by grade/mark assessment. |
Field of Education: | 80100 Accounting (Narrow Grouping) | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Supplemental | Result Type: | Grade/Mark |
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Availability
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 1 | Y | | | | 2004 | Bentley Campus | Semester 2 | Y | | Y | | 2004 | Bentley Campus | Summer Period | Y | | | | 2004 | Esperance Community College | Semester 1 | Y | | | | 2004 | Joondalup Campus | Semester 2 | Y | | | | 2004 | Kalgoorlie Campus | Semester 1 | Y | | | | 2004 | Int Coll Bus Tech Sri Lanka | Trimester 1 | Y | | | | 2004 | Metro College Malaysia | Semester 1 | Y | | | | 2004 | Metro College Malaysia | Semester 2 | Y | | | | 2004 | Metro College Malaysia | Summer Period | Y | | | | 2004 | Miri Sarawak Campus | Semester 1 | Y | | | | 2004 | Miri Sarawak Campus | Semester 2 | Y | | | | 2004 | Mktg Inst of S'pore | Trimester 1A | Y | | | | 2004 | Mktg Inst of S'pore | Trimester 2A | Y | | | | 2004 | Mktg Inst of S'pore | Trimester 3A | Y | | | | 2004 | Pantai Coll Nursing Malaysia | Semester 1 | Y | | |
Area
External | refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research. |
Central
External | refers to external course/units run through the Curtin Bentley-based Distance Education Area |
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