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 II
  • Unit Code

    ACC2250
  • Year

    2019
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Mr Andrew Neville PRIEST

Description

This unit provides students with the technical skills to capture and analyse economic transactions, to analyse financial data and to prepare financial reports in a business and decision making context. A contemporary accounting software program is used to apply technical accounting principles and skills in a simulated business environment.

Prerequisite Rule

Students must pass ACC1100

Learning Outcomes

On completion of this unit students should be able to:

  1. Demonstrate their analytical and numeracy skills to prepare financial statements for the sole trader, partnership and companies.
  2. Select and apply appropriate accounting treatments in accordance with related Australian accounting standards as well as the Australian general accepted accounting framework.
  3. Record and report business transactions through the use of a manual accounting system as well as contemporary accounting software.
  4. Account for the acquisition, revaluation and disposal of non-current assets.
  5. Communicate how financial accounting information is generated, processed and used to facilitate sound economic decision making.
  6. Apply the accounting concepts, assumptions, and principles underpinning financial accounting.
  7. Apply and interpret basic company financial statement analysis techniques

Unit Content

  1. The recording process in an accounting information system.
  2. Accounting information systems.
  3. Accounting for liabilities.
  4. Accrual accounting concepts.
  5. Reporting and analysing inventory
  6. Reporting and analysing cash and receivables.
  7. Reporting and analysing non-current assets.
  8. Reporting and analysing liabilities
  9. Reporting and analysing equity
  10. Statement of cash flows.

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 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

This unit adopts a technology enhanced learning [TEL] approach to a student-centred collaborative learning environment. A combination of lectures, tutorials and online engagement is adopted to assist in the enhancement of technical skills to analyse and capture economic transactions in accounting systems. Lectures and tutorials encourage active participation which is continued in the online learning environment outside of formal class time Off-campus students follow a continuous study schedule outlined in the unit plan, utilising various online resources and communication tools accessed via Blackboard. Students are expected to participate actively online. Regular online access is required.

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
AssignmentAccounting practice set assignment25%
TestOnline and Tutorial Engagement25%
ExaminationFinal examination50%
ONLINE
TypeDescriptionValue
AssignmentAccounting practice set assignment25%
TestOnline and Tutorial Engagement25%
ExaminationFinal examination50%

Core Reading(s)

  • Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., & Wong, L. (2019). Financial Accounting: Reporting, Analysis And Decision Making (6th ed., pp. xx, 1191). Milton, QLD : John Wiley & Sons Australia. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5561261
  • Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., & Wong, L. (2019). Financial Accounting: Reporting, Analysis And Decision Making (6th ed., pp. xx, 1191). Milton, QLD : John Wiley & Sons Australia. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5561261

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.

ACC2250|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 II
  • Unit Code

    ACC2250
  • Year

    2019
  • Enrolment Period

    2
  • Version

    3
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Mr Andrew Neville PRIEST

Description

This unit provides students with the technical skills to capture and analyse economic transactions, to analyse financial data and to prepare financial reports in a business and decision making context. A contemporary accounting software program is used to apply technical accounting principles and skills in a simulated business environment.

Prerequisite Rule

Students must have passed ACC1100

Learning Outcomes

On completion of this unit students should be able to:

  1. Capture economic transactions in an entity's accounting system.
  2. Report on the components of the balance sheet in a business and decision making context.
  3. Apply accrual accounting principles to prepare financial statements.
  4. Prepare simple financial statements.

Unit Content

  1. Accounting for receivables.
  2. The recording process in an accounting information system.
  3. Cash management, related controls and cash flows.
  4. Completing the accounting cycle - closing and reversing entries.
  5. Analysis of financial statements.
  6. Accounting for retailing and inventories.
  7. Accounting information systems.
  8. Accounting for liabilities.
  9. Accrual accounting concepts.
  10. Accounting for companies.
  11. Reporting and analysing inventory
  12. Reporting and analysing cash and receivables.
  13. The use of financial statements as a tool for decision making.
  14. Recording economic transactions in an accounting system.
  15. Reporting and analysing non-current assets.
  16. Accounting for non-current assets.
  17. Reporting and analysing liabilities
  18. Adjusting the financial accounts and preparing financial statements.
  19. Reporting and analysing equity
  20. Accounting for partnerships.
  21. Statement of cash flows.

Learning Experience

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 tutorialNot OfferedNot Offered

For more information see the Semester Timetable

Additional Learning Experience Information

This unit adopts a technology enhanced learning [TEL] approach to a student-centred collaborative learning environment. A combination of lectures, tutorials and online engagement is adopted to assist in the enhancement of technical skills to analyse and capture economic transactions in accounting systems. Lectures and tutorials encourage active participation which is continued in the online learning environment outside of formal class time Off-campus students follow a continuous study schedule outlined in the unit plan, utilising various online resources and communication tools accessed via Blackboard. Students are expected to participate actively online. Regular online access is required.

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
AssignmentAccounting practice set assignment25%
TestOnline and Tutorial Engagement25%
ExaminationFinal examination50%
ONLINE
TypeDescriptionValue
AssignmentAccounting practice set assignment25%
TestOnline and Tutorial Engagement25%
ExaminationFinal examination50%

Core Reading(s)

  • Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., & Wong, L. (2019). Financial Accounting: Reporting, Analysis And Decision Making (6th ed., pp. xx, 1191). Milton, QLD : John Wiley & Sons Australia. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5561261
  • Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., & Wong, L. (2019). Financial Accounting: Reporting, Analysis And Decision Making (6th ed., pp. xx, 1191). Milton, QLD : John Wiley & Sons Australia. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5561261
  • Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., & Wong, L. (2019). Financial Accounting: Reporting, Analysis And Decision Making (6th ed., pp. xx, 1191). Milton, QLD : John Wiley & Sons Australia. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5561261

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.

ACC2250|3|2