Special Consideration
ACC101 Principles of Accounting
Unit Description
Principles of Accounting (ACC101) introduces core concepts in accounting as they apply to organisational decision-making. ACC101 provides students with the basic accounting knowledge and skills required to understand accounting principles, practices and processes. It covers recording, classification and analysis of business transactions through journal entries, ledger accounts, trial balance, and the basic accounting equation. Preparation of adjusting entries, closing entries and worksheets using Excel spreadsheet to produce financial reports for a small to medium business will be covered. Upon completion of this unit, students will have a strong foundation for undertaking more advanced accounting studies.
Expected Student Workload
Number of timetabled hours per week: 4 hours (2 hours in lecture and 2 hours in tutorial)
No. personal study hours per week: 6 hours
Total workload hours per week: 10 hours
Prerequisites
Nil
Unit Weighting
Unit credit points: 10
Total course credit points: 240
Delivery Mode
Face to face on VSC campus
Unit Learning Outcomes (ULO)
ULO1: Describe the nature and importance of accounting, the environments in which it operates and the impact of its influence on different types of organisations.
ULO2: Explain fundamental accounting principles and processes and apply them to organisational scenarios.
ULO3: Explain how business transactions are classified and analysed, using double-entry accounting.
ULO4: Prepare and conduct basic analysis of financial reports.