ACC127 Accounting and Financial Literacy (8)

This subject addresses the need for accounting and financial literacy for anyone interested in business. The subject introduces students to key accounting information that business managers and accountants use to make decisions and manage a business. Students will develop skills that enable them to analyse and interpret accounting reports and to communicate the results of this analysis to interested parties. The subject focuses on the use of accounting information rather than on the recording of financial transactions and events (book-keeping). Students will learn various  techniques to enable them to make important business decisions. Students will gain a foundation understanding of accounting as an information system, professional ethics, computer applications, business communication and report writing, through the preparation and basic analysis of financial and management accounting reports. This subject is esential for any business manager and for those seeking to become a professional accountant to empathise with the needs of their client.


Session 1 (30)
On Campus
Albury-Wodonga Campus
Bathurst Campus
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Wagga Wagga Campus
Albury-Wodonga Campus
Session 2 (60)
Albury-Wodonga Campus
Session 3 (90)
Albury-Wodonga Campus

Continuing students should consult the SAL for current offering details: ACC127. 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



One session


School of Accounting and Finance

Enrolment Restrictions

Not available to students who have completed ACC100 and ACC200

Subject Relationships

ACC100 Overlapping content

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to define the role of accountants and explain how accounting can assist in making decisions;
  • be able to analyse and interpret a range of accounting and financial transactions and reports;
  • be able to implement various management accounting tools and techniques in making business decisions;
  • be able to identify and describe sources of business finance;
  • be able to use computer software to assist in the preparation of business information and be able to generate and analyse a range of business results and reports;
  • be able to employ research and report writing skills;
  • be able to contextualise and evaluate accounting information for ethical decision making purposes; and
  • be able to explain the importance of ethics in accounting and the accounting profession.


This subject will cover the following topics:
  • Accounting and accountability
  • The role of the profession of accounting in ethical decision-making
  • Sustainability
  • Budgeting
  • Recording transactions
  • Preparation and analysis of financial statements
  • Cash control
  • Accounting software and excel

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.