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IDA101 - Introduction to Accounting

2025

Sector

Higher Education

Discipline

International Pathways

Credit Points

Equivalent Units

(ACT102, ACT205)

Prerequisites

Incompatible

Assumed Knowledge

Unit Description

This unit provides the student with an introduction to the role of information in financial decision-making. It introduces essential accounting techniques, the preparation of basic reports showing financial results and how to account for partnerships, retail operations, special journals and inventories.

Important Information

This unit is only available to students enrolled in YIBST1 Diploma of Business Studies OR YINTI1 Diploma of Information Teachnology.

Unit Learning Outcomes

1.	Describe the role of accounting information in the business environment.
2.	Demonstrate an understanding of the accounting cycle from initial business transaction to post closing trail balance.
3.	Prepare simple general purpose financial reports.
4.	Account for the allocation for partnership profits and losses, the admission and withdrawal of partners, the dissolution of the partnership and the preparation of partnership financial statements.
5.	Critically analyse and interpret financial statements to evaluate organisational performance.

Assessment Overview

	Assessment Task	Value (of total mark)	Related Learning Outcome/s
1.	Quiz (15 Minutes)	5%	1,2
2.	In-class exercises (equivilent to 1000 words)	15%	1,2,3,4,5
3.	Mid Semester Test (1 Hour)	15%	1,2,3
4.	Group Assignment (1000-1500 Words)	25%	1,2,3,5
5.	Final Exam (3 Hours)	40%	1,2,3,4,5

Unit Availability

Year	Semester	Att Mode	Location	Learning Method	Timetable*
2025	Semester 1	Internal	Danala - Education and Community Precinct	OLS

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OL/OLS: Supplementary material will be provided on-line through Learnline. For more information about Learnline, please click here.

Critical Dates

Important Dates for Students

Fee Information:
Fees and Payments
Student Services and Amenities Fees
2024 Domestic Unit Fees (PDF)