ACC501 Business Accounting and Finance (8)

This subject is designed as an introduction to financial accounting, management accounting and finance for those working in a business environment. Students will gain an understanding of the generally accepted accounting principles underlying the accounting process and the uses and limitations of financial statements published by business entities. Accounting and finance issues faced by management and some of the techniques used by managers in decision making will be addressed.


Session 2 (60)
Wagga Wagga Campus
Session 3 (90)
On Campus
CSU Study Centre Sydney
Wagga Wagga Campus

Continuing students should consult the SAL for current offering details: ACC501. 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 MBA504

Incompatible Subjects


Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to discuss and apply basic accounting ideas that underlie and limit the usefulness of accounting information;
  • be able to explain and analyse the nature, and measurement, of assets, equities, revenues, expenses and income;
  • be able to apply computer software to quantitative business decisions;
  • be able to implement and critique analytic and interpretative techniques used in accounting and finance;
  • be able to discuss and critique the concepts behind the decision making processes associated with the efficient allocation of business resources;
  • be able to explain and implement financial analysis and management accounting procedures.


This subject will cover the following topics:
  • an introduction to financial accounting;
  • the nature and objectives of financial accounting;
  • analysis and interpretation of accounting reports;
  • cost of capital;
  • managing working capital and cash;
  • internal control;
  • introduction to management accounting;
  • social and environmental disclosures;
  • computer software in business environments;
  • application of computer software in business environments;
  • cost-volume-profit (CVP) analysis;
  • relevant costs and special decisions;
  • budgeting;
  • capital budgeting;
  • analysis of financial statements; component percentages; financial ratios.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACC501 in Session 2 2020. 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
Value %
Preparation trial balance and financial reports
Recording and presentation of financial reports
Inventory management, cvp and eoq
Budgeting, relevant information, capital budgeting

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.