This is the first specialist accounting unit in the Bachelor of Business (Accounting), and (Banking and Finance) and a core unit in the Bachelor of Commerce (Applied Finance). Financial information is used by a wide variety of industries and individuals as part of the decision-making process in business. The responsibility for ensuring that information provided in reports is useful for decision making purposes is the province of the accounting profession. The students will investigate some of the theories and practices of [manual] recording and reporting of financial information in Australia within the context of a historical cost accounting system, including an understanding of the legal, professional and conceptual frameworks within which the accounting professional operates.

Unit details

Study level:
Undergraduate
Credit points:
12
Unit code:
BAO2000

Prerequisites

BAO1101 - Accounting for Decision Making

Does not apply to students completing; BBCO Bachelor of Commerce (Applied Finance), BBLC Bachelor of Commerce (Applied Finance)/Bachelor of Laws, LHLC Bachelor of Laws (Honours)/Bachelor of Commerce (Applied Finance)

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Demonstrate a conceptual understanding of accounting theory and concepts, including the regulatory and conceptual frameworks that influence accounting practice and business transactions;  
  2. Review, analyse, adapt and apply the theoretical and technical knowledge in accounting in diverse contexts, and business structures;  
  3. Analyse and apply information with initiative and judgement in order to both anticipate and solve financial business problems in contemporary financial systems;  
  4. Articulate the accounting concepts and theories that relate to particular business transactions and issues; and  
  5. Use accounting software to record business transactions.  

Assessment

Assessment type Description Grade
Test Online Quizzes - Multiple Choice Questions 20%
Test In-class Test - Practical Questions 10%
Exercise MYOB Exercise 20%
Examination In-class Exam - Practical Questions and Short Answer 50%

Required reading

Financial Accounting (10th ed.).
Hoggett, J. (2018).
Melbourne: John Wiley & Sons Australia Ltd.

- Students may alternatively, purchase an ebook version of the above textbook directly from the publishers John Wiley & Sons Australia Ltd. The URL is http://www.wileydirect.com.au/buy/financial-accounting-10th-edition/

Where to next?

As part of a course

You can choose to study this unit as part of the following courses. Refer to the course page for information on how to structure your course to include this unit.

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