UNIT CODE: ACC102
ACCOUNTING II
UNIT DESCRIPTION
In this unit, students continue their introduction to the basic theories and function of accounting practice, including accounting for and management of non-current assets, current liabilities and the accounting for and role in business financing of specific liability and equity instruments. Students will be introduced to accounting for partnerships and companies and the role different accounting structures play in the business environment. Students examine The Conceptual Framework of accounting and its role in the conceptual development of accounting standards and practice. Students will also explore how to analyse financial statements including cash flow statements and how analysis can contribute to effective decision-making.
The delivery of the unit incorporates a range of teaching and learning strategies including: lectures, tutorials, workshops, class discussions, in-class activities and independent student research and reading. Each week will commence with a tutorial where selected homework questions from the previous week will be discussed and students will work through unseen material to ensure all concepts are understood. This will be followed by a lecture covering the material for that week, which will include time in class for students to participate and complete workshop style activities.
STUDENT WORKLOAD + DELIVERY MODE
TIMETABLED HOURS
RECOMMENDED PERSONAL HOURS
TOTAL WORKLOAD HOURS
STUDY LOAD
3 Hours per week
5 Hours per week
8 Hours per week
Full time
OVERVIEW
Award Course
Bachelor of Business Accounting
Area
Accounting
Unit Duration
12 Weeks
Weekly Attendance Pattern
3 hour session
Unit Level
100
Unit Weighting
6 Credit Points
Unit Type
Core Unit
Pre-Requisites
ACC101 Accounting I (or equivalent)
Co-Requisites
N/A
Work Integrated Learning
No
MODE OF DELIVERY
This unit will be offered to students in the following mode/s:
+ Face-to-face (Domestic and International)
+ Online (Domestic)
UNIT LEARNING OUTCOMES
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Understand the role and application of the framework in the establishment and maintenance of effective accounting standards and accounting practice
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Critically analyse and interpret various financial statements, including the income statement, balance sheet and cash flow statement
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Explain and perform key accounting functions relating to the management of non-current assets, payroll functions and financing using various debt and equity instruments
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Analyse the implications and outcomes of accounting functions and activities on business decision making
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Analyse, communicate and present arguments based on accounting information
ASSESSMENT STRUCTURE
ASSESSMENT TASK
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Assessment 1: In-Class Test
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Assessment 2: Financial Statements Elements and Analysis
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Assessment 3: Final Exam
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Assessment 4: Engagement with the Process