ACC5202 Accounting (FOBUS)

Semester 1 (ONC)Toowoomba (ONC)Springfld (WEB)Toowoomba (EXT)Toowoomba

Semester 2 (ONC)Toowoomba (WEB)Toowoomba (EXT)Toowoomba

Units 1.0 (Accounting) Band 3A

Pre-requisite: Enrolment in an approved postgraduate program. Students are required to have access to a personal computer, e-mail capabilities and Internet access to USQConnect. Current details of computer requirements can be found at <http://www.usq.edu.au/business/aboutfob.htm>.

Synopsis

The course introduces students to the accounting process. This includes the environment of accounting, the accounting elements, transaction recognition and recording and the financial report presentation. Particular emphasis is placed on the recording measurement and control of the major asset groups and the identification, function and measurement of liabilities and owners' equity. The basic accounting process is then applied to a variety of reporting entity activities and owners' equity structures. Finally, the accounting process is extended to cash flow statements and the techniques of analysing and interpreting the information displayed in accounting reports.