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Introduction to Accounting (ACCT10004)
Undergraduate level 1Points: 12.5On Campus (Dookie)
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About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Overview
Availability | Semester 2 |
---|---|
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: 31 January 2024
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Mid-semester test
| Week 6 | 25% |
Assignment
| Week 8 | 25% |
Examination
| During the examination period | 50% |
Last updated: 31 January 2024
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 25 July 2022 to 23 October 2022 Last self-enrol date 5 August 2022 Census date 31 August 2022 Last date to withdraw without fail 23 September 2022 Assessment period ends 18 November 2022 Semester 2 contact information
Time commitment details
170 hours
Last updated: 31 January 2024
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 Course Diploma in General Studies (Extended) - 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: 31 January 2024