AC201 Accounting II

DESCRIPTION

This unit introduces students to the objectives and principles of underlying financial accounting. The unit provides the relevant accounting tools to assist with understanding and interpreting various types of financial statements and financial information. Primarily the unit deals with understanding and analysing financial information for both internal and external users. Students will be required to have access to Microsoft Excel in to demonstrate the preparation and analysis of financial information. At the completion of the unit students will have the skills to progress to specialist management and financial accounting unit.

RELEVANT COURSES

Bachelor of Accounting* 

Diploma of Commerce* 

Undergraduate Certificate in Business 

*Core unit

Elective unit

CREDIT POINTS

10

DELIVERY MODE

On campus

Online

PREREQUISITE OR CO-REQUISITE

AC101 Accounting I

UNIT LEARNING OUTCOMES

LO1 Describe the role of accounting

LO2 Interpret the main types of financial statements

LO3 Recognise the usefulness of accounting information to management

LO4 Analyse the performance of a business using accounting information

LO5 Demonstrate the analysis of accounting related information using Excel

CONTENT

  • Business accounting and the role of professional skills
  • Developing a business plan: cost-volume-profit analysis
  • Variable costing
  • Working with spreadsheets such as Excel; skills in MYOB
  • Flexible budgets and standard cost systems
  • Analysis of the income statement and reporting in BAS statements
  • Analysis of the balance sheet and reporting in BAS statements
  • Understanding and using a cash flow statement
  • Sustainable business
  • Short-term planning decisions
  • Time value of money
  • Capital expenditure decisions

ASSESSMENT METHODS

  1. Written Assessment 1 – 10%
  2. Written Assessment 2 – 10%
  3. Written Assessment 3 – 15%
  4. Written Assessment 4 – 15%
  5. Exam – 50%

PRESCRIBED READINGS

Cunningham, B., Nikolia, L. A., Bazley, J., Kavanagh, M., Simmons, S., & James, C. (2020). Accounting: Information for Business Decisions (4th ed.). Cengage

Check with the lecturer each semester before purchasing any textbooks