This unit of study will build on the accounting skills and knowledge taught in Accounting A:Essential Accounting. Students will focus on recording financial data into ledgers and journals using accounting principles. They will prepare and evaluate budgets and accounting reports for small business and propose appropriate strategies for improving business performance.

Unit details

Location:
Unit code:
JQU0022

Prerequisites

JQU0021 - Accounting A: Essential Accounting

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Prepare classified accounting reports for hypothetical small trading businesses including income statements, balance sheets and cash flow statements;  
  2. Record balance day adjustments, including straight line depreciation appropriately to the general ledger and journal;  
  3. Prepare budgeted reports for cash, sales, debtors and creditors and advise management on areas of concern using variance analysis, recommending solutions for improvement; and  
  4. Analyse the profitability and cash flow of hypothetical small trading businesses and suggest specific strategies for effective management of these areas.  

Assessment

Developing skills and attributes towards the graduate capabilities of Victoria University will be incorporated across the course.
Assessment type Description Grade
Portfolio Maintain a Folio of structured accounting exercises during the course. 30%
Test Supervised test in class time 30%
Assignment Supervised class time 40%

Where to next?

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.