Details for ACC001 Introduction to Accounting & Bookkeeping

This subject demystifys accounting and finance concepts for those with non-accounting backgrounds. Gain a clear, step-by-step understanding of essential accounting practices, generate and analyse basic accounting data and reports, understand financial ratios and appreciate their impact on business decisions. This foundation is invaluable for understanding and managing finances effectively, relevant for all sectors.

Quick Stats

• Currently offered by Alphacrucis: Yes
• Course code: ACC001
• Credit points: 8

Subject Coordinator

Prerequisite

Unit Content

Outcomes

1. Acquire the essential numerical and quantitative skills required for bookkeeping and accounting;
2. Understand and explain the key concepts within accounting and bookkeeping in a business management perspective;
3. Acquire the ability to generate basic accounting and bookkeeping data and reports within a business management scenario;
4. Explain the importance of basic accounting reports and ratios within business financial decisions.

Subject Content

1. Basic concepts of accounting
2. Double entry bookkeeping
3. Financial reporting
4. Financial report analysis
5. Capital investment
6. Budgeting

This course may be offered in the following formats

• Face to Face (onsite)
• E-learning (online)

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis University College.

Assessment Methods

• Tests (Accumulative) (40%)
• Manual Accounting Practice Set (30%)
• Final Exam (30%)

Prescribed Text

• Atrill, Peter, Eddie McLaney, David Harvey, and Ling Mei Cong. Accounting: An Introduction. 8th ed. Melbourne: Pearson Education Australia, 2021

Please consult your instructor before purchasing any texts