Studying online

There are now 2 possible online modes for units:

Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.

Click on an offering mode for more details.

Unit Overview

Description

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.

Credit
6 points
Details for undergraduate courses
  • Level 1 elective
Outcomes

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

Assessment information is provided in the unit outline.



Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.

Contact hours
lectures/tutorials/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.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit, one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus.
  • Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.