ACW1020 · Accounting in business

Overview

This unit introduces basic accounting concepts, principles and issues to non-accountants. It examines the structure and details of financial statements, and discusses the techniques used to analyse and interpret information in financial statements. The unit also explores the issues confronting managers, such as cost, budgeting, and Environmental, Social and Governance (ESG).

Offerings

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

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

Requisites

Learning outcomes

1. describe the role of accounting in business
2. apply accounting principles and concepts in the interpretation of financial statements
3. interpret information in financial statements, with a focus on assessing financial performance, financial position, liquidity, and key risk indicators of businesses to make informed decisions and recommendations for effective financial management
4. examine issues confronted by managers in the decision-making process.

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.