308518 (v.1) Bus100 Accounting

Area:

Curtin Business School

Credits:

25.0

Syllabus:

Background, profit motive, service and trading organisations. Types of ownership - sole trader, partnership and company. Principles, assumptions, doctrines. Accounting entity, monetary, historical cost, continuity of activity, period, consistency, conservatism, materiality, disclosure, objectivity, aim of accounting standards, development of a conceptual framework, SAC1, SAC2, SAC3 and SAC4, sources of finance for sole trader, users of financial information.

Unit Outcomes:

On successful completion of this unit students will be able to - Appreciate the need for an accounting system to communicate economic/financial information to interested parties. Recognise the need for a framework within which to account. Explain how principles/standards affect accounting records and reports. Differentiate between various forms of business organisation. Outline sources of finance available to sole traders. Recognise the differing needs of users of financial information.

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:

Gowans, R., et al, (1993), Accounting Principles and Practice, 6th ed., Melbourne, TAFE Publications. Kirkwood, L., et al, (1995), Accounting - An Introductory Perspective, 3rd ed., Melbourne, Pitman. Maxwell, R., (1990), Introductory Accounting - Principles and Practice, Sydney, Prentice Hall. Doyle, A., (1995), Financial Accounting 1, 2nd ed., Perth, Venture Publishing. Hoggett, J. and Edwards, L., (1996), Accounting In Australia, 3rd ed., Brisbane, John Wiley and Sons.

Unit Texts:

Duffy, L., Monro, I., and Durrant, C., (1995) Introductory Accounting - WA Edition Book1, Sydney, Longman. Ross, J., Accounting I (BUS100) Workbook, 3rd Edition. PIBT - (Available from John Ross directly).

Unit Assessment Breakdown:

Mini-Test 15%. Homework Exercise 5%. Mid-Semester Test 30%. Final Examination 50%. 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