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  3. Accounting Processes and Analysis

Accounting Processes and Analysis (ACCT10003)

Undergraduate level 1Points: 12.5On Campus (Parkville)

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Year of offer2017
Subject levelUndergraduate Level 1
Subject codeACCT10003
Semester 1
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

The objective of this subject is to provide students with a broad introduction to core business processes that underpin organisational business activities and generate accounting transaction data. The subject will discuss methods for documenting and analysing business processes; the role and operation of accounting information systems; internal controls for business processes; and the core business processes associated with revenue and expenditure transaction cycles and business reporting.

Intended learning outcomes

On successful completion of this subject a student should be able to:

  • identify the activities and business processes that generate specific accounting data;
  • read business process documentation;
  • explain the role of business processes and accounting data in supporting the information needs of internal and external stakeholders;
  • explain the importance of internal control;
  • recommend internal control plans to cover key business process risks and to achieve key business process operation and information control goals;
  • evaluate, analyse and interpret the efficacy of business processes and the reliability of accounting data generated within business processes.

Generic skills

  • High level of development: collaborative learning; problem solving; team work; interpretation and analysis; critical thinking; evaluation of data and other information; use of computer software; written communication; application of theory to practice.
  • Moderate level of development: oral communication; written communication; synthesis of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas

Last updated: 11 October 2017