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Foundation Skills – Introduction to Accounting (General Journal, Ledger and Trial Balance including GST) and Financial Reports Recording and Controls of:
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- Cash
- Accounts Receivable
- Accounts Payable
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- Inventories
- Non-current Assets
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Electronic Business - Reporting and Decision making:
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- Cash Budgeting
- Managerial Decision Making
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- Statement of Cash Flows
- Financial Reports and Ratios
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Accounting Package (MYOB) Elective Study of one of the following
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- Understanding company reports
- Personal financing and investing
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- Accounting for mining enterprises
- Independent study eg forensic accounting.
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At the conclusion of this course, students should have developed:
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- knowledge of accounting, and its role in business
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- knowledge and understanding of the accounting procedures used by small business organisations
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- accounting skills and financial management to use later in their business, social and personal lives
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- practical accounting skills
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- awareness of social, ethical, legal and professional responsibilities in accounting.
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- efficient use of business computer applications eg spreadsheeting and MYOB.
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- Internet skills, particularly in relation to understanding e-business and accessing web-sites and on-line databases for research purposes
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- word processing of letters, reports, etc
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- preparation and presentation of data show and multimedia presentations.
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How are students assessed?
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Students are assessed using varied techniques to provide an opportunity for all students to
achieve.
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Criteria
- Knowledge, Interpretation & Evaluation
- Routine Practical Procedures
- Challenging Practical Applications
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- Practical tasks are assessed by mainly supervised tests or assignments in class time,Open book assessment (eg MYOB).
- Knowledge, interpretation and evaluation are assessed by multiple choice, short and long answers, response to stimulus, report writing, a research assignment and a presentation.
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Where will this subject lead?
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University: Degree courses in commerce or Business and also Economics, Law, and Information Technology. Many past students have successfully continued their study at CQU,
James Cook, QUT and UQ and are now employed in a range of positions locally and in other centres. Other past students have obtained traineeships with local accounting firms and are completing their degree part-time.
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