ACC100 Accounting 1 (8)

CSU Discipline Area: Accounting (ACCOU)

Duration: One session

Abstract:

Accounting 1 is for any student interested in understanding why and how accounting information is crucial for making key business decisions. The subject not only introduces a wide range of accounting information types but develops the skills students require to be able to analyse, interpret and communicate them. Although the subject focuses on the use of accounting information, skills required in the preparation of cash related reports are also developed.

+ Subject Availability Modes and Locations

Session 1
Internal	Albury-Wodonga
Internal	Bathurst
Internal	CSU Study Centre Melbourne
Internal	CSU Study Centre Sydney
Internal	Dubbo
Internal	Port Macquarie
Internal	Wagga Wagga
Distance	Bathurst
Session 2
Internal	Albury-Wodonga
Internal	CSU Study Centre Melbourne
Internal	CSU Study Centre Sydney
Distance	Bathurst
Session 3
Internal	CSU Study Centre Melbourne
Distance	Bathurst

Continuing students should consult the SAL for current offering details: ACC100

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Enrolment restrictions:

Not available to students who have completed RMBU1645.

Objectives:

Upon successful completion of this subject, students should:

* be able to understand the role of accountants and accounting;
* be able to analyse financial transactions using the accounting equation;
* be able to analyse and interpret financial statements including comparing the performance of one business with others;
* be able to examine sources of business finance;
* be able to analyse alternative profit plans using cost-volume-profit analysis;
* be able to prepare master budgets and cash related reports for use in business;
* be able to identify basic principles of internal control and cash flow management;
* be able to calculate and report inventory values;
* be able to use a computer spreadsheet in transaction and financial report analysis; and
* be able to employ research and presentation skills to solve problems.

Syllabus:

The subject will cover the following topics:

* The role of accounting;
* Analysing business transactions;
* Financial statement analysis;
* Funding the business;
* Managing the business;
* Operating cash;
* CVP analysis; and
* Inventory valuation.

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