BUS101 Introductory Accounting
BUS101 Introductory Accounting
- January 18, 2021
- Posted by: sydneyinstitute
Unit outline
| Important Update: | Our aim is to provide you with an optimal learning experience, regardless of how this unit is delivered. Teaching will be delivered in line with the most current COVID Safe health guidelines. This may include a mix of online and face-to-face. Please check the learning management system for announcements and updates. Thank you for your flexibility and commitment to studying with Sydney Institute of Higher Education. |
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| Enrolment modes: | Year 1, Semester 1 |
| Credit point(s): | 12.5 |
| EFTSL value: | 0.125 |
| Prerequisite: | Nil |
| Typical study commitment: | Students will on average spend 10 hours per week over the teaching period undertaking the teaching, learning and assessment activities for this unit. |
| Scheduled learning activities: | 4 timetabled hours per week, 6 personal study hours per week |
Unit description
This unit aims to provide students with conceptual knowledge and technical skills of contemporary financial accounting. Students will gain a sound knowledge and skills necessary to process business transactions and prepare general purpose financial statements adhering to accounting standards and conceptual framework. The unit will introduce students to the ethical requirements and code of conducts for professional accountants in Australia. The unit will teach students how to analyse and interpret financial statements and use the information for planning, controlling and making business and economic decisions. In addition, Students will learn how to use MYOB to process business transactions and generate various financial reports.
Unit learning outcomes (ULO)
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On the successful completion of this units student will be able to: |
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| ULO1 | Define accounting concepts, techniques and processes and identify the users of general-purpose accounting information. |
| ULO2 | Explain core accounting concepts, such as accrual basis accounting and cash basis accounting, and apply these concepts to business problems, and reporting on the outcomes. |
| ULO3 | Apply the theoretical knowledge and technical skills in accounting to generate various financial reports. |
| ULO4 | Demonstrate the understanding of ethical requirements and code of conduct for accounting professionals. |
| ULO5 | Analyse and interpret the financial information provided in an entity’s various financial statements through the use of appropriate financial ratios analysis. |
Topics to be included in the unit
| 1. | Introduction to accounting |
| 2. | Recording business transactions |
| 3. | Adjusting entries and preparing financial statements |
| 4. | Completing accounting cycle |
| 5. | Statement of cash flows |
| 6. | Accounting for inventories |
| 7. | Accounting for receivables |
| 8. | Internal control and cash |
| 9. | Non-current assets: Property plant and equipment, intangibles, equity and liabilities |
| 10. | Current liabilities and payroll |
| 11. | Analysis of financial statements |
| 12. | Big data and Accounting/Semester review |
Assessment
| Assessment Description | Grading and weighting (% total mark for unit) |
Indicative due week |
| Assessment 1: Class Participation | 10% | 12 |
| Assessment 2: Individual Assignment | 30% | 10 |
| Assessment 3: Final Exam | 60% | Final exam week |
The assessment due weeks provided may change. Your lecturer will clarify the exact assessment requirements, including the due date, at the start of the teaching period.