Unit details
| Unit Code | AC00151 |
|---|---|
| Unit Title | Financial Accounting |
| Academic School | School of Business and Tourism |
| Session | Session 1 2017 |
| Modes | On Campus and Online |
| Level | Undergraduate |
| Locations | Lismore, Gold Coast, SCU Sydney, SCU Melbourne |
| Credit Point Value | 12 |
| Level of learning | Intermediate |
| AQF Level | 7 |
Unit description
Provides an introduction to accounting systems and processes with a focus on recording routine business transactions, the preparation of financial statements and the use of accounting information to make business decisions in a variety of business contexts. The unit presupposes no prior knowledge of accounting. It provides students with the foundation knowledge and core skills for the upper level accounting units and equips other business majors with essential accounting tools.
Students will learn the regulatory framework, how to record business transactions, double entry book keeping and the use MYOB accounting software to record financial transactions. The unit also aims to equip students with the tools and techniques required to prepare and interpret financial statements for a range of stakeholders.
Assumed background
There are no assumed prerequisites for this subject.
Unit staff
| Unit Assessor | Dr Jacqueline Christensen |
|---|---|
| Phone | 07 5589 3211 |
| jacqui.christensen@scu.edu.au | |
| Campus | GOLD COAST CAMPUS |
| Location | B Building, Office B6-2 |
Unit learning outcomes and graduate attributes
As a graduate of Southern Cross University, you will have developed skills, knowledge, (values?) and attitudes that are essential for gaining employment and advancing lifelong learning. The University refers to these as graduate attributes and identifies them as follows:
- GA1 Intellectual rigour
- GA2 Creativity
- GA3 Ethical practice
- GA4 Knowledge of a discipline
- GA5 Lifelong learning
- GA6 Communication and social skills
- GA7 Cultural competence.
This unit will assist students to develop the following graduate attributes (shown below as they relate to this unit's learning outcomes):
| Learning outcomes for this unit | GA1 | GA2 | GA3 | GA4 | GA5 | GA6 | GA7 |
|---|---|---|---|---|---|---|---|
| On completion of this unit, students should be able to: | |||||||
| 1. Describe the key characteristics and underpinning theoretical principles of the regulatory framework that govern the measurement and disclosure of accounting information | ✓ | ||||||
| 2. Apply routine accounting concepts and principles for recording business transactions using accrual accounting and the double entry system for the three main business structures. | ✓ | ||||||
| 3. Use accounting software to record business transactions and produce financial reports through an accounting cycle. | ✓ | ✓ | |||||
| 4. Prepare and interpret the four key financial statements using tools and techniques for decision making purposes from a multiple stakeholders’ perspective. | ✓ | ✓ | |||||
| 5. Describe the role of internal controls in the context of a business’s operating environment. | ✓ | ||||||