ACC128 Financial Accounting and Reporting (8)

This subject builds on the ability to analyse and interpret accounting information developed in ACC127 Accounting & Financial Literacy.  Students will use manual and automated accounting information systems to process accounting information and prepare financial reports. All aspects of the financial statement preparation process are covered with a focus on accounting for key assets with reference to International Financial Reporting Standards (IFRS) and their Australian equivalents (AASB).


Session 2 (60)
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 3 (90)
Albury-Wodonga Campus

Continuing students should consult the SAL for current offering details: ACC128. 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 ACC110 and ACC200



Subject Relationships

ACC110 Overlapping Content

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 interpret and apply generally accepted accounting principles;
  • be able to calculate, account for and report values of key assets including: receivables, inventory; and property, plant, equipment; and
  • be able to prepare financial statements for reporting entities in accordance with relevant professional and statutory reporting requirements.


This subject will cover the following topics:
  • Accounting standards
  • Analyse 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
  • Accounting for property, plant and equipment

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.