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ACCT71-100: Accounting Principles

Description

This subject introduces students to accounting concepts, procedures, and influences under which basic financial statements are prepared, and focuses on how financial and business information is used for decision-making by various stakeholders. Students are also introduced to concepts of governance, social responsibility, business ethics, and the ethical standards expected of accountants, and they will integrate this knowledge to make decisions and solve problems in a range of complex, contemporary business situations. The use of both manual and computerised accounting systems is explored, and the use of other contemporary business software platforms will develop technology skills which are fundamental to accounting practice. 

Subject details

Type: Postgraduate Subject
Code: ACCT71-100
EFTSL: 0.125
Faculty: Bond Business School
Semesters offered:
  • January 2022 [Standard Offering]
  • May 2022 [Standard Offering]
  • September 2022 [Standard Offering]
  • January 2023 [Standard Offering]
Credit: 10
Study areas:
  • Business, Commerce, and Entrepreneurship
Subject fees:
  • Commencing in 2022: $5,170.00
  • Commencing in 2023: $5,300.00
  • Commencing in 2022: $5,570.00
  • Commencing in 2023: $5,710.00

Learning objectives

1. Explain the purpose of accounting and financial reporting, and the influences on the preparation and presentation of financial statements. 2. Identify, measure, record, and report financial information in accordance with the Conceptual Framework of Accounting and generally accepted accounting principles. 3. Critically apply accounting concepts and principles to record business transactions for a range of business structures using accrual accounting and the double-entry system. 4. Use an accounting software package to record and process accounting information. 5. Critically evaluate and synthesise financial and other business-related information in complex decision-making situations. 6. Apply the standards, ethics, and professional values of the accounting profession to solve complex issues.

Enrolment requirements

Requisites:

Nil

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Basic spreadsheet skills are required for learning activities

Restrictions:

Anti-requisites:

Subject dates

  • Standard Offering
    Enrolment opens: 14/11/2021
    Semester start: 17/01/2022
    Subject start: 17/01/2022
    Cancellation 1: 31/01/2022
    Cancellation 2: 07/02/2022
    Last enrolment: 30/01/2022
    Withdraw - Financial: 12/02/2022
    Withdraw - Academic: 05/03/2022
    Teaching census: 11/02/2022
  • Standard Offering
    Enrolment opens: 20/03/2022
    Semester start: 16/05/2022
    Subject start: 16/05/2022
    Cancellation 1: 30/05/2022
    Cancellation 2: 06/06/2022
    Last enrolment: 29/05/2022
    Withdraw - Financial: 11/06/2022
    Withdraw - Academic: 02/07/2022
    Teaching census: 10/06/2022
  • Standard Offering
    Enrolment opens: 17/07/2022
    Semester start: 12/09/2022
    Subject start: 12/09/2022
    Cancellation 1: 26/09/2022
    Cancellation 2: 03/10/2022
    Last enrolment: 25/09/2022
    Withdraw - Financial: 08/10/2022
    Withdraw - Academic: 29/10/2022
    Teaching census: 07/10/2022
  • Standard Offering
    Enrolment opens: 13/11/2022
    Semester start: 16/01/2023
    Subject start: 16/01/2023
    Cancellation 1: 30/01/2023
    Cancellation 2: 06/02/2023
    Last enrolment: 29/01/2023
    Withdraw - Financial: 11/02/2023
    Withdraw - Academic: 04/03/2023
    Teaching census: 10/02/2023
Standard Offering
Enrolment opens: 14/11/2021
Semester start: 17/01/2022
Subject start: 17/01/2022
Cancellation 1: 31/01/2022
Cancellation 2: 07/02/2022
Last enrolment: 30/01/2022
Withdraw - Financial: 12/02/2022
Withdraw - Academic: 05/03/2022
Teaching census: 11/02/2022