The University of Newcastle, Australia
Available in 2020
Course code



10 units


1000 level

Course handbook


Financial accounting and management accounting concepts provide the very foundation for business decision making. This course provides an introduction to financial accounting by analysing the accounting function and the preparation of conventional financial statements. Students will develop the initial skills of financial management while beginning to engage in appropriate ethical practices.

Availability2020 Course Timetables

PSB Singapore

  • Trimester 3 - 2020 (Singapore)
  • Trimester 2 - 2020 (Singapore)


  • Semester 1 - 2020

Newcastle City Precinct

  • Semester 1 - 2020
  • Semester 2 - 2020

Learning outcomes

On successful completion of the course students will be able to:

1. Discuss and explain the nature and purpose of accounting;

2. Prepare and interpret financial statements according to conventional methods of accounting;

3. Identify, analyse and evaluate financial information relevant to the operating, investing and financing decisions of a business entity;

4. Organise, calculate and analyse information relevant to decision making;

5. Demonstrate a growing awareness of ethics within the accounting environment.


The course content includes the following topics:

  1. Introduction to accounting and different accounting entities
  2. Financial statements
  3. Recording accounting transactions
  4. Analysing, and interpreting Financial Statements
  5. Accounting systems
  6. Cost-volume-profit analysis
  7. Time value of money and capital investment decisions
  8. Budgeting
  9. Accounting for sustainability

Assessment items

Tutorial / Laboratory Exercises: Weekly Workshop Exercises

In Term Test: Mid Semester Test

Written Assignment: Project on Financial Statement Analysis

Formal Examination: Final Examination

Contact hours

Ourimbah, Newcastle City Precinct and PSB Singapore

Integrated Learning Session

Face to Face On Campus 3 hour(s) per Week for Full Term starting in week 1

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.