• Semester 2 (External)

Synopsis

The  unit 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.