School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Accounting I
  • Unit Code

    ACC1100
  • Year

    2019
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Zubaidah ISMAIL

Description

Accounting I is an introductory unit designed to help students understand, prepare and use financial statements, including statements of financial position, comprehensive income, changes in equity and cash flows. The unit covers a range of financial and managerial accounting concepts with an appropriate mix of theory and application. Completion of the unit will equip students with effective problem solving and critical thinking skills when relevant accounting concepts and knowledge are applied to interpret and analyse financial performances of an entity.

Learning Outcomes

On completion of this unit students should be able to:

  1. State the concepts, assumptions, principles, and characteristics of conventional financial reporting systems and the role they play in assisting in the preparation of financial reports.
  2. Analyse, record, and present financial accounting information in a manual format.
  3. Account for inventory and non-current assets in order to prepare financial statements.
  4. Apply various financial statement analysis techniques and interpret the results.
  5. Classify cost items according to cost behaviour and apply it to cost-volume-profit analysis.

Unit Content

  1. The underlying concepts, principles, and characteristics of financial reporting systems.
  2. The accounting cycle that includes recording of business transactions, and preparing balance day adjustments.
  3. The preparation of financial statements.
  4. The analysis and interpretation of financial reports using ratio techniques.
  5. Accounting for inventory.
  6. Accounting for non-current assets including concept and calculation of depreciation.
  7. Classification of costs according to cost behaviour and applying it to cost-volume- profit analysis.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 1 hour lectureNot Offered13 x 1 hour lecture
Semester 113 x 1 hour tutorialNot Offered13 x 1 hour tutorial
Semester 213 x 1 hour lectureNot OfferedNot Offered
Semester 213 x 1 hour pass sessionNot OfferedNot Offered
Semester 213 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On-campus students are expected to access the digital platform through the unit Blackboard site and do the pre-class activities including the pre-class quizzes, where required. During the seminar, students may seek clarification (overview, highlights) and may be given more activities which will foster greater understanding of the topic areas. The tutorial sessions are aimed at enhancing students' knowledge, both theoretical and technical, through in-class discussions and practical problems. They can do this in collaborative teams, with opportunities to learn to work and communicate effectively with people from diverse cultures. Students studying the unit via the online mode work through a study program with the same digital resources accessible through the unit Blackboard. Regular online access is required. Students are expected to review the weekly unit materials and attempt the tutorial questions. They are to work through the pre- class quizzes where required. A blackboard discussion forum will be created for each weekly topic and active participation in these discussions allows for collaborative learning among peers. In addition, students can avail themselves of further guidance from the instructors.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ExerciseQuizzes24%
TestTest x 226%
ExaminationExamination50%
ONLINE
TypeDescriptionValue
ExerciseQuizzes24%
TestTest x 2 26%
ExaminationExamination50%

Core Reading(s)

  • Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., & Wong, L. (2019). Financial Accounting: Reporting, Analysis & Decision Making. John Wiley & Sons. Retrieved from https://ecu.on.worldcat.org/oclc/1059418891

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC1100|2|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Accounting I
  • Unit Code

    ACC1100
  • Year

    2019
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Zubaidah ISMAIL

Description

Accounting I is an introductory unit designed to help students understand, prepare and use financial statements, including statements of financial position, comprehensive income, changes in equity and cash flows. The unit covers a range of financial and managerial accounting concepts with an appropriate mix of theory and application. Completion of the unit will equip students with effective problem solving and critical thinking skills when relevant accounting concepts and knowledge are applied to interpret and analyse financial performances of an entity.

Learning Outcomes

On completion of this unit students should be able to:

  1. State the concepts, assumptions, principles, and characteristics of conventional financial reporting systems and the role they play in assisting in the preparation of financial reports.
  2. Analyse, record, and present financial accounting information in a manual format.
  3. Account for inventory and non-current assets in order to prepare financial statements.
  4. Apply various financial statement analysis techniques and interpret the results.
  5. Classify cost items according to cost behaviour and apply it to cost-volume-profit analysis.

Unit Content

  1. The underlying concepts, principles, and characteristics of financial reporting systems.
  2. The accounting cycle that includes recording of business transactions, and preparing balance day adjustments.
  3. The preparation of financial statements.
  4. The analysis and interpretation of financial reports using ratio techniques.
  5. Accounting for inventory.
  6. Accounting for non-current assets including concept and calculation of depreciation.
  7. Classification of costs according to cost behaviour and applying it to cost-volume- profit analysis.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 1 hour lectureNot Offered13 x 1 hour lecture
Semester 113 x 1 hour tutorialNot Offered13 x 1 hour tutorial
Semester 213 x 1 hour lectureNot OfferedNot Offered
Semester 213 x 1 hour pass sessionNot OfferedNot Offered
Semester 213 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On-campus students are expected to access the digital platform through the unit Blackboard site and do the pre-class activities including the pre-class quizzes, where required. During the seminar, students may seek clarification (overview, highlights) and may be given more activities which will foster greater understanding of the topic areas. The tutorial sessions are aimed at enhancing students' knowledge, both theoretical and technical, through in-class discussions and practical problems. They can do this in collaborative teams, with opportunities to learn to work and communicate effectively with people from diverse cultures. Students studying the unit via the online mode work through a study program with the same digital resources accessible through the unit Blackboard. Regular online access is required. Students are expected to review the weekly unit materials and attempt the tutorial questions. They are to work through the pre- class quizzes where required. A blackboard discussion forum will be created for each weekly topic and active participation in these discussions allows for collaborative learning among peers. In addition, students can avail themselves of further guidance from the instructors.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ExerciseQuizzes24%
TestTest x 226%
ExaminationExamination50%
ONLINE
TypeDescriptionValue
ExerciseQuizzes24%
TestTest x 2 26%
ExaminationExamination50%

Core Reading(s)

  • Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., & Wong, L. (2019). Financial Accounting: Reporting, Analysis & Decision Making. John Wiley & Sons. Retrieved from https://ecu.on.worldcat.org/oclc/1059418891
  • Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., & Wong, L. (2019). Financial Accounting: Reporting, Analysis & Decision Making. John Wiley & Sons. Retrieved from https://ecu.on.worldcat.org/oclc/1059418891

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC1100|2|2