Oral Presentation and Peer Review.
To achieve an overall passing grade in this subject, students must pass the mandatory oral hurdle assessment.

This subject provides fundamental knowledge of accounting processes, concepts and principles that underpin financial accounting. Introduction to the Conceptual Framework and accounting standards presents the role of accounting within the Australian external reporting environment. Students will apply theoretical knowledge and judgement to evaluate and assess the impact of financial accounting information in business organisations and society.

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BU1002 or CO1002 or CO1101 or BU1902 Offerings: All

[Anti-requisite] CO1001 CO1003 Offerings: All

BX2011 - Foundation of Accounting Principles

Foundation of Accounting Principles

Investigate theoretical, practical and ethical issues underlying the accounting standards with reference to accounting for non-current assets, inventories, receivables, cash and liabilities

Demonstrate the process of double entry recording in an accounting information system from transactions through to the preparation of financial reports for service and retail organisations; sole traders and partnerships

Identify and analyse measurement systems and their relationship with the Conceptual Framework and Accounting standards