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Introduction to Accounting (ACCT10004)
Undergraduate level 1Points: 12.5On Campus (Dookie)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | Semester 2 |
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Fees | Look up fees |
This subject provides students with an introduction to the nature of accounting and its role in providing information for business decision making. Students will gain an overview of key financial and managerial accounting concepts and processes including the recording of business transactions, and an understanding of what the major financial statements are, and how the information produced assists in making decisions to manage and operate a business and evaluate future performance and value.
Intended learning outcomes
On completion of this subject students will be able to:
- Understand the main areas of accounting namely financial accounting, financial management and management accounting
- Apply accounting concepts to business scenarios
- Understand simple cost concepts and their relevance to small business management
- Explain the characteristics of successful businesses
- Apply basic management accounting techniques in order to provide solutions for simple business decisions
- Identify the key activities and processes used by businesses to achieve their goals and objectives
- Make business decisions and identify the financial consequences that flow from those decisions
- Evaluate the financial performance of businesses
- Make and justify accounting policy decisions in accordance with generally accepted accounting principles.
Generic skills
This subject encompasses particular generic skills so that on completion of the subject students should have developed skills relating to:
- Begin developing an awareness of, and commitment to, the ethical behaviour expected of professional accountants
- Apply generic skills relevant to business and the accounting profession so as to make a contribution to lifelong learning
- The use of electronic forms of communication;
- The student's flexibility and level of transferable skills should be enhanced through improved time management
- Problem solving and critical thinking
- Enhanced ability to access, evaluate and present data
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
Mid-semester test
| Week 6 | 25% |
Assignment
| Week 8 | 25% |
Examination
| End of semester | 50% |
Last updated: 3 November 2022
Dates & times
- Semester 2
Principal coordinator Karen Edwards Mode of delivery On Campus (Dookie) Contact hours 36 hours: 24 hours of lectures and 12 hours of tutorials Total time commitment 170 hours Teaching period 3 August 2020 to 1 November 2020 Last self-enrol date 14 August 2020 Census date 21 September 2020 Last date to withdraw without fail 16 October 2020 Assessment period ends 27 November 2020 Semester 2 contact information
Time commitment details
170 hours
Additional delivery details
This subject is delivered either partially or fully in-person in Second Half Year 2020. Please ensure you are able to attend any essential in-person requirements or speak to Stop 1 about alternative subject options.
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Diploma in General Studies - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 3 November 2022