ACC110 Accounting 2 (8)

This subject builds on the ability to analyse and interpret accounting information developed in ACC100 Accounting 1 by teaching students to prepare accounting information using manual and automated accounting information systems. All aspects of the financial statement preparation process are covered with a focus on accounting for key assets.

No offerings have been identified for this subject in 2022.

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

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Business

Prerequisites

ACC100

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to record accounting transactions using manual and automated accounting information systems;
  • be able to calculate, account for and report values of key assets including: receivables, inventory; and property, plant, equipment; and
  • be able to explain, prepare, analyse and interpret the following major financial statements: income statement, statement of changes in equity, statement of cash flows, and statement of financial position.

Syllabus

This subject will cover the following topics:
  • analysing and record business transactions;
  • accounting for inventory;
  • introduction to subsidiary ledgers and special journals;
  • measuring business profit: the adjusting process;
  • completing the accounting cycle;
  • accounting for cash
  • accounting for receivables; and
  • accounting for property, plant and equipment.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACC110 in Session 1 2021. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Title
Value %
1
Wileyplus tutorial exercises
5
2
Manual accounting part 1 - entering transactions
10
3
Computerised accounting
20
4
Manual accounting part 2 - accounting cycle
15
5
Final exam
50

The information contained in the CSU Handbook was accurate at the date of publication: June 2022. The University reserves the right to vary the information at any time without notice.

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