ACCT1113 De-mystifying Accounting

6 points
Not available in 2019UWA (Perth)Face to face
Details for undergraduate courses
  • The area of knowledge for this unit is Management and Commerce
  • Category B broadening unit for students
  • Level 1 elective
Accounting is the language of business and is an important channel of communication for all professionals. This unit provides students with an understanding of basic accounting concepts, given the essential role that accounting will play in their professional and personal lives. It is structured to provide an understanding of accounting issues and problems rather than to educate students to be a preparer of accounting statements (e.g. as a professional accountant) or heavy user of financial statements (e.g. financial, corporate or investment analyst). The unit focuses on the ability to read and analyse financial statements and to be aware of their pitfalls such as what financial statements can and cannot tell us. It also provides an introduction to cost accounting and the importance of costs in budgeting and pricing, particularly for those in the service oriented businesses.
Students are able to (1) identify basic concepts underlying financial reports; (2) apply techniques to analyse financial reports; (3) explain and apply basic cost concepts to business decisions such as pricing products and services; and (4) communicate more effectively with accounting professionals.
Assessment information is provided in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Contact hours
lectures/Practical Classes/seminars/workshops: up to 3 hours per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.