This is the first specialist accounting unit in the Bachelor of Business (Accounting). Financial information is used by a wide variety of industries and individuals as part of the decision-making process in business. The responsibility for ensuring that information provided in reports is useful for decision making purposes is the province of the accounting profession. The students will investigate some of the theories and practices of [manual] recording and reporting of financial information in Australia within the context of a historical cost accounting system, including an understanding of the legal, professional and conceptual frameworks within which the accounting professional operates.
Unit details
Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
BAO2000
Prerequisites
BAO1101 - Accounting for Decision Making
Does not apply to students completing; BBCO Bachelor of Commerce (Applied Finance), BBLC Bachelor of Commerce (Applied Finance)/Bachelor of Laws, LHLC Bachelor of Laws (Honours)/Bachelor of Commerce (Applied Finance)
Get help
- Visit a student service centre
- 1300 VIC UNI (1300 842 864)
- Visit the glossary
Find a different unit
Learning Outcomes
| 1. | Demonstrate a conceptual understanding of accounting theory and concepts, including the regulatory and conceptual frameworks that influence accounting practice and business transactions; | ||
| 2. | Review, analyse, adapt and apply the theoretical and technical knowledge in accounting in diverse contexts, and business structures; | ||
| 3. | Analyse and apply information with initiative and judgement in order to both anticipate and solve financial business problems in contemporary financial systems; | ||
| 4. | Articulate the accounting concepts and theories that relate to particular business transactions and issues; and | ||
| 5. | Use accounting software to record business transactions. |
Assessment
Melbourne campuses
Students studying under the VU Block Model.
| Assessment type | Description | Grade |
|---|---|---|
| Test | Online Quizzes - Multiple Choice Questions | 20% |
| Test | In-class Test - Practical Questions | 20% |
| Exercise | MYOB Exercise | 20% |
| Examination | In-class Exam - Practical Questions and Short Answer | 40% |
Other locations
| Assessment type | Description | Grade |
|---|---|---|
| Test | Online Quizzes - Multiple Choice Questions | 10% |
| Test | In-class Test - Practical Questions | 20% |
| Exercise | MYOB Exercise | 20% |
| Examination | Online Exam - Practical Questions and Short Answer | 50% |
Required reading
Financial Accounting (10th ed.).
Hoggett, J. (2018).
Melbourne: John Wiley & Sons Australia Ltd.
Where to next?
VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.
