• Semester 1 (Day)
• Semester 1 (External)
• Semester 2 (Day)
• Semester 2 (External)
• Semester 3 (External)

Synopsis

The  unit introduces students to the accounting process. This includes
the environment of accounting, the accounting elements, the accounting
equation,  transaction  analysis  and  recording,  trial  balance  and
reports.  Particular emphasis is placed on the recording,  measurement
and  control  of  the major asset groups (cash, inventories,  accounts
receivable  and non-current assets), and the identification,  function
and  measurement of liabilities and owners' equity. Also, students are
introduced  to  techniques  of analysing  and  interpreting  financial
information contained in accounting reports. The unit forms the  basis
from which further accounting studies may be pursued. It also provides
understanding of accounting principles for those who wish to study  in
other areas.