The course extends the material in Business Reporting and Analysis. It provides detailed understanding of the technical aspects and concepts used in producing financial and management accounting reports. This includes cost assignment methods, the application of accounting principles and double-entry accounting systems for recording and reporting financial transactions.

Topics include: using journals and ledgers; application of accrual accounting; methods of income measurement and asset valuation; accounting for assets and liabilities; applying the principles of internal control; and an introduction to accounting for partnerships and companies.

Upon successful completion of the requirements for this course, students will be able to:

• Understand the assumptions underlying accounting information;
• Understand and apply accounting principles for recording and preparing accounting information;
• Apply the principles of internal control;
• Assign costs to production;
• Account for capital contributions and profit distributions for partnerships and companies;
• Develop or improve skills for working effectively in a team, including negotiating and setting goals, meeting deadlines and giving and receiving feedback;
• Able to utilise a computerised accounting package to set up the accounts and complete the accounting cycle of a small business;
• The use self and peer evaluation to evaluate and improve the quality of your performance; and
• Develop or improve a range of generic/soft skills essential for commerce graduates.

• Mid-semester exam  25%
• Individual Assignment 15%
• Final Examination 60% 

 Assessment for Summer School 2012 was as follows:

• Assignment 30%
• Final Examination 70% 

Students taking this course are expected to commit at least 10 hours a week to completing the work.  This will include:

• 2 hours a week: lecture
• 1 hours a week: tutorial
• 7 hours a week: reading, research, self-study, tutorial preparation, writing and assignment preparation, working on wattle site (including discussions and online learning as applicable)

BUSN1001 Business Reporting and Analysis or COMM1010 Financial Accounting Fundamentals.

with COMM1020 Accounting and Financial Management.

See Course Outline

See Course Outline

See Course Outline

For further information see the course website