10987 (v.4) Accounting 100

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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.
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.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
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.
Unit Assessment Breakdown:	Assignment 25%. Final exam 50%. Mid semester test 25%. This is by grade/mark assessment.
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