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

    2025
  • 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 including the context of accounting regulation which covers ethical concepts.
  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.

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 School Progression Panel.

ON CAMPUS
TypeDescriptionValue
AssignmentAssignment20%
TestTest x 230%
ExaminationFinal Examination50%
ONLINE
TypeDescriptionValue
AssignmentAssignment20%
TestTest x 2 30%
ExaminationFinal Examination50%

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.

Assessment

Students please note: The marks and grades received by students on assessments may be subject to further moderation. Informal vivas may be conducted as part of an assessment task, where staff require further information to confirm the learning outcomes have been met. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

Academic Integrity

Integrity is a core value at Edith Cowan University, and it is expected that ECU students complete their assessment tasks honestly and with acknowledgement of other people's work as well as any generative artificial intelligence tools that may have been used. This means that assessment tasks must be completed individually (unless it is an authorised group assessment task) and any sources used must be referenced.

Breaches of academic integrity can include:

Plagiarism

Copying the words, ideas or creative works of other people or generative artificial intelligence tools, without referencing in accordance with stated University requirements. Students need to seek approval from the Unit Coordinator within the first week of study if they intend to use some of their previous work in an assessment task (self-plagiarism).

Unauthorised collaboration (collusion)

Working with other students and submitting the same or substantially similar work or portions of work when an individual submission was required. This includes students knowingly providing others with copies of their own work to use in the same or similar assessment task(s).

Contract cheating

Organising a friend, a family member, another student or an external person or organisation (e.g. through an online website) to complete or substantially edit or refine part or all of an assessment task(s) on their behalf.

Cheating in an exam

Using or having access to unauthorised materials in an exam or test.

Serious outcomes may be imposed if a student is found to have committed one of these breaches, up to and including expulsion from the University for repeated or serious acts.

ECU's policies and more information about academic integrity can be found on the student academic integrity website.

All commencing ECU students are required to complete the Academic Integrity Module.

Assessment Extension

In some circumstances, Students may apply to their Unit Coordinator to extend the due date of their Assessment Task(s) in accordance with ECU's Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000001386.

Special Consideration

Students may apply for Special Consideration in respect of a final unit grade, where their achievement was affected by Exceptional Circumstances as set out in the Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000003318.

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