Unit Catalogue

Back to Unit Search

ACT102 - Introduction to Accounting

2026

Sector

Higher Education

Discipline

Accounting and Finance

Credit Points

Equivalent Units

(IDA101)

Prerequisites

Incompatible

ACT101, ACT205, CMA101

Coerequisites

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.

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 trial 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.	Weekly quizzes (10-15 multiple choice questions)	10%	1,2,3,4,5
2.	Accounting Simulation assignment (1,500-3,000 words)	40%	2,3,5
3.	Final exam (closed book, 3 hours)	50%	1,2,3,4,5

Unit Availability

Year	Semester	Att Mode	Location	Learning Method	Timetable*
2026	Semester 1	Internal	Danala - Education and Community Precinct	OLR	View
2026	Semester 1	External	External Studies	OLR	View
2026	Semester 2	Internal	Danala - Education and Community Precinct	OLR	View
2026	Semester 2	External	External Studies	OLR	View
2026	Semester S	Internal	Danala - Education and Community Precinct	OLR	View
2026	Semester S	External	External Studies	OLR	View

* Timetable will be displayed in new tab or window depending on your browser's configuration; ensure Pop-ups are allowed for this site to view the timetable.

OLR: Internet access is required for this unit as students are required to access study materials provided on-line through Learnline. Please log into Learnline on the first day of each teaching period. For more information about Learnline, please click here.

Critical Dates

Important Dates for Students

Fee Information:
Fees and Payments
Student Services and Amenities Fees
2025 Domestic Unit Fees (PDF)
2025 Incidental Fees (PDF)