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 UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/ict/students/standards/default.htm.
In this course students are introduced to the accounting process. This includes the environment of accounting, the accounting elements, the recognition, measurement and recording of business transactions and events and the preparation of financial reports. 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. Finally, the accounting process is extended to cash flow statements and the techniques of analysing and interpreting the information displayed in accounting reports.