|Semester 2, 2022 Toowoomba On-campus|
|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Business|
|Student contribution band :||Band 4|
|Grading basis :||Graded|
|Version produced :||29 June 2022|
Examiner: Christina James
In the business world it is essential to develop a thorough understanding of financial and management accounting fundamentals. Therefore a knowledge of the practical and functional nature of business decisions from the perspective of financial accounting; managerial costing and budgetary policies; investing; and financing of business operations provides the basis on which more advanced business acumen and skills are developed. This course provides an introduction to the tools managers need to analyse financial information and to inform business decision making.
This course introduces students to the world of accounting. Designed to provide a solid foundation for further study in both accounting and non-accounting disciplines, the course provides a logical introduction to the accounting environment and to the common financial accounting (external) reports and management accounting (internal) tools used for decision making purposes.
Course learning outcomes
On successful completion of this course students should be able to:
- Communicate clearly using professional literacies which include describing and applying fundamental financial and management accounting concepts, terminology, theories and processes;
- Apply analytical thinking skills in the context of accounting decision making and the review of basic financial reports;
- Use basic financial reports to communicate information to stakeholders and to provide relevant information for financial decision making;
- Select and apply appropriate business-related knowledge and technical skills to resolve basic problems whilst considering basic ethical implications.
|1.||Introduction to business accounting and the role of professional skills||9.00|
|2.||Developing a business plan: cost-volume-profit analysis and budgeting||18.00|
|3.||Concepts and applications of the accounting system||19.00|
|4.||Managing and reporting working capital||9.00|
|5.||Basic financial statements: overview and analysis||27.00|
|6.||Sustainable business and introduction to capital expenditure decisions.||18.00|
Text and materials required to be purchased or accessed
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
|Weighting (%)||Course learning outcomes|