ACC1001 · Accounting fundamentals

Overview

This unit introduces the fundamentals of accounting as the language of business, empowering future managers to interpret and analyse financial information for strategic and sustainable decision-making. Emphasising real-world application, the unit explores key financial concepts such as cost and performance measurement, budgeting, and financial planning, alongside critical non-financial dimensions including sustainability, ethics, social responsibility, and inclusivity.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. FIRST SEMESTER: demonstrate an understanding of various forms of business organisation SECOND SEMESTER: explain the role of accounting in various forms of business organisation and its contribution to effective managerial decision-making
2. FIRST SEMESTER: apply financial and management accounting principles in the interpretation of financial statements SECOND SEMESTER: apply core financial and management accounting principles in evaluations of financial statements and business performance
3. FIRST SEMESTER: measure and interpret information relating to financial performance, financial position, liquidity and risk indicators of businesses SECOND SEMESTER: analyse financial and non-financial information to inform planning, budgeting, and performance management
4. FIRST SEMESTER: measure and interpret financial and non-financial information for managers to use in planning, decision making and control SECOND SEMESTER: evaluate business decisions and accounting practices in relation to sustainability, ethics, inclusivity, and social and environmental responsibility
5. FIRST SEMESTER: develop the ability to work effectively in a team and demonstrate the development of judgement, and skills in problem solving, critical thinking and analysis. SECOND SEMESTER: communicate effectively in teams by collaborating to enhance collective learning and problem-solving.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.