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ACT102 - Introduction to Accounting

2023

Sector

Higher Education

Discipline

Accounting and Finance

(IDA101)

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.

Text Book

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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.	Mid Semester exam (Individual - Randomly chosen multiple choice questions based on the first six weeks topics (30-50 questions)	30%	1,2,3,5
2.	Written Report - Individual case study analysis and report on accounting topic (1500-3000 words).	20%	1,2,3
3.	Final Exam (closed book, 3 hours)	50%	1,2,3,4,5

Unit Availability

Year	Semester	Att Mode	Location	Learning Method	Timetable*
2023	Semester 1	Internal	CDU Waterfront Darwin	OLR	View
2023	Semester 1	External	External Studies	OLR
2023	Semester 2	Internal	CDU Waterfront Darwin	OLR
2023	Semester 2	External	External Studies	OLR
2023	Semester S	Internal	CDU Waterfront Darwin	OLR	View
2023	Semester S	External	External Studies	OLR	View

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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
2023 Domestic Unit Fees (PDF)