ACC566 Acc Systems and Processes (8)

This subject introduces students to the accounting discipline in an integrated manner dealing with financial accounting and developing and applying critical thinking, information technology and communication skills. The subject provides the basis for an iterative and spiral approach to accounting, exposing students to areas of accounting including accounting as an information system, ethics, business communication and report writing, computer applications, the accounting cycle, financial reports and the fundamentals of management accounting.

No offerings have been identified for this subject in 2021.

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

Postgraduate students only. Not available to students who have completed ACC511.

Incompatible Subjects


Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to apply conceptual and technical aspects of accounting and prepare relevant business financial statements;
  • be able to discuss the historical development of accounting;
  • be able to appraise the use of information technology including spreadsheet software in accounting problem solving, and evaluate the Internet as a professional resource;
  • be able to demonstrate relevant business communication skills including report writing;
  • be able to contextualise and evaluate accounting information for decision making purposes; and
  • be able to explain the importance of ethics in accounting.


This subject will cover the following topics:
  • Accounting and the business environment, types of business organisations, development of accounting thought, the Australian accounting profession, ethics and accounting;
  • Concepts and principles, ethics, business transactions, financial reports, computers and e-accounting;
  • Merchandising operations, accounting for inventory, business communication, spreadsheet design, accounting software, adjusting entries, worksheets;
  • Inventory costing methods, inventory flow assumptions;
  • Internal control, and cash, business reports;
  • Receivables, accounting for uncollectibles, credit and debit card transactions, notes receivable, using accounting information for decision making, financial ratios;
  • Critical thinking, rational debate and common fallacies and their impact or business reports;
  • Plant and intangible assets;
  • An introduction to International Financial Reporting Standards;
  • Fundamentals of management accounting, management accounting vs financial accounting.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACC566 in Session 3 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 %
Theory - history of accounting and ethics
Prepare accounting records for a service business
Problem questions
Final exam

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.