Please refer to the return to campus page for more information on these delivery modes and students who can enrol in each mode based on their location.
Summer Term - Online
Semester 1 - Online
Semester 2 - Dual-Delivery
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This subject introduces students to the nature of accounting and its role in both financial markets and within organisations. Topics covered provide an overview of key financial and management accounting concepts and include: the constituent elements of financial statements; recognition, measurement and disclosure issues in the preparation of financial statements; accounting policy choices available to managers for key assets and incentives associated with policy choices; the analysis and interpretation of financial statement data; the use of accounting information within organisations to support managerial planning, control and decision making. The coverage and treatment of material in this course is specifically designed to meet the needs of undergraduate students from all disciplines. The focus is on the informed use of accounting information rather than the preparation of accounts.
Intended learning outcomes
- Explain the nature and purpose of accounting within financial markets and business organisations;
- Identify and explain different business structures and their external financial reporting requirements;
- Define and describe the major categories of assets, liabilities, equity, income, expenses and cash flow activities;
- Discuss recognition, measurement and disclosure issues pertaining to various line items in financial statements
- Analyse and interpret major financial statements and the accounting policy choices that influence their preparation;
- Analyse cost and revenue information for internal planning and decision making;
- Explain the concepts of corporate governance, ethics and ‘good governance’ and its influence on accounting;
- Critically evaluate the strengths and weaknesses of accounting information relative to the purposes it serves.
- Explain and apply the nature and purpose of budgeting and cost-volume-profit analysis as tools for internal decision making.
- High level of development: collaborative learning; problem solving; interpretation and analysis; critical thinking; evaluation of data and other information.
- Moderate level of development: application of theory to practice; team work; oral communication; written communication; receptiveness to alternative ideas.
- Some level of development: accessing data and other information from a range of sources; statistical reasoning; synthesis of data and other information.
Last updated: 6 December 2023