Course handbook
Description
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.
Availability2021 Course Timetables
Ourimbah
- Semester 1 - 2021
Newcastle City Precinct
- Semester 1 - 2021
- Semester 2 - 2021
PSB Singapore
- Trimester 2 - 2021 (Singapore)
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.
Content
The course content includes the following topics:
- Introduction to accounting and different accounting entities
- Financial statements
- Recording accounting transactions
- Analysing, and interpreting Financial Statements
- Accounting systems
- Cost-volume-profit analysis
- Time value of money and capital investment decisions
- Budgeting
- 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
Lecture
Face to Face On Campus 1 hour(s) per Week for Full Term starting in week 1
Workshop
Face to Face On Campus 2 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.
Newcastle City Precinct
Lecture
Face to Face On Campus 1 hour(s) per Week for Full Term starting in week 1
Workshop
Face to Face On Campus 2 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.
PSB Singapore
Lecture
Face to Face On Campus 1 hour(s) per Week for Full Term starting in week 1
Workshop
Face to Face On Campus 2 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.
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.