Accounting 101

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Course Overviews

Here is AccSoc’s rundown of all the different courses you can do within various Commerce degrees! 

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Integrated First Year Courses

Terms Offerings: T1, T2, T3

Prerequisites: None

Delivery: Online/in-person

Class Structure:

  • 2 hour lecture
    • 1 hour learning module 
    • 1 hour lecture
  • 2 hour tutorial 

Course Topics: 

  • The Organisation and its Decision-Making Process
  • Stakeholders and Corporate Responsibility 
  • Economic Possibilities and the True Cost of Doing Business
  • Consumers
  • Markets and Competition 
  • Government Interventions and External Constraints
  • Competitive and Stakeholder Interactions 
  • Integrating Approaches to Business Decision-Making 

Overview

This course introduces students to business decision-making. By taking the perspective of a manager students are able to learn about economic, corporate responsibility and legal principles to understand what organisations need to consider and actions they can take.

Required for COMM1110, COMM1150, COMM1170 and COMM1180.

Assessment Structure

  • 35%: Writing Tasks and Problem Sets
  • 15%: Case Study Analysis
  • 50%: Final Examination

Terms Offerings: T1, T2, T3

Prerequisites: None

Delivery: Online/in-person

Class Structure:

  • 2 hour lecture
    • 1.5 hour lecture
    • 30 minute summation lecture
  • 2 hour tutorial 

Course Topics: 

  • Problems and evidence-based problem solving 
  • Problem articulation and disaggregation 
  • Frameworks for Ethical Decision-Making 
  • Understanding Problems – Fact Gathering 
  • Patterns, Biases, Hypothesising Effects 
  • Analysing the Issues – Identifying Causes 
  • Analysing the issues – with Limited Evidence 
  • Problem Solving and Making Decisions 
  • Evaluation and Communication 

Overview

Commerce students need to demonstrate problem solving initiative and confidence in their studies and professional careers. Evidence-based Problem Solving introduces students to the fundamentals of a deliberate and structured approach to problem solving, balancing analysis and judgement, to avoid the common pitfalls of problem solving in organisations.

Required for COMM1190.

Assessment Structure

  • 10%: Excel Training Program – Associate level 
  • 10%: Excel Training Program – Expert Level 
  • 30%: Case Briefing Pack 
  • 50%: Case Business Report 

Terms Offerings: T1, T2, T3 

Prerequisites: None

Delivery: Online/in-person

Class Structure:

  • 1 hour lecture 
    • Online Delivery 
  • Weekly Workshops

Course Topics: 

  • Innovation and Creativity 
  • Collaboration 
  • Complex Problems 
  • Creative Abrasion in Innovative Process 
  • Ideation and Prototyping 
  • Engaging with Stakeholders 
  • Value Proposition 
  • Persuasive Communication 
  • Delivering a Solution 

Overview

Innovation and collaboration are central to solving complex problems, exploring new strategies and working effectively within an organisation. Focusing on a business’ perspective students are given the opportunity to develop their creative mindset, identify and test different ideas and learn how to present their content in an engaging and persuasive way.

Assessment Structure

  • 20%: Goal Setting 
  • 30%: Reflection Report 
  • 20%: Problem Definition and Project Plan 
  • 30%: Solution Delivery and Project Execution 

Terms Offerings: T1, T2, T3

Prerequisites: None

Delivery: Online/in-person

Class Structure:

  • 2 hour lecture
    • 1.5 hour lecture 
    • recorded 30 minute summation video
  • 2 hour tutorial 

Learning Outcomes:

  • Introduction to financial management 
  • Measuring & Evaluating Financial Position and Performance 
  • Recoding business transactions 
  • Audit and internal controls 
  • Financial statement analysis 
  • Cash flow statement analysis 
  • Financial applications 
  • Responsible financial management 

Overview

This course teaches fundamental skills related to interpreting and analysing reports created by organisations to account for their business activities. It also introduces contemporary extended reporting practices, such as integrated reporting that provides further insight into an organisation’s financial, social, and environmental impact.

Required for COMM1170 and COMM1180.

Assessment Structure

  • 20%: Group assessment and presentation
  • 20%: Online Quiz
  • 10%: Tutorial Participation 
  • 50%: Final Exam 
 

Accounting Courses

Terms Offerings: T1, T2 

Prerequisites: ACCT1511

Delivery: Online/in-person

Class Structure:

  • 3.5 Contact Hours per week
    • Lectures – 2 hrs
    • Tutorials – 1.5 hrs

Learning Outcomes:

  • Reporting and Disclosure of Financial Statements
  • Effective Resource Management and Process Improvement
  • The Design and Operation of Management Accounting Systems
  • Role of management accounting practices

Overview

(Level 2) This course examines management
accounting practices directed towards the effective use of organisational resources in order to create value for customers and shareholders. Providing knowledge about management accounting, which is used to
allocate organisational resources in an efficient and effective way.

Assessment Structure

  • 5%: Homework (Tutorial Questions)
  • 5%: 2 x Online Quiz
  • 40%: 2 x Online Tests
  • 50%: Final Examination

 

Terms Offerings: T2, Summer 

Prerequisites: ACCT1511

Delivery: Online/in-person

Class Structure:

  • 3.5 Contact Hours per week
    • Lectures – 2 hrs
    • Tutorials – 1.5 hrs

Learning Outcomes:

  • Reporting and Disclosure of Financial Statements
  • Measurement and Impairment

  • Business Combinations

  • Consolidation

Overview

(Level 2) financial accounting course, intended for students who will be involved in the preparation or use of corporate financial reports whether as accountants, financial executives, auditors, financial analysts, actuaries or legal advisors.

Assessment Structure

  • 15%: Online Discussion Forum
  • 15%: Online Discussion Forum Reflection
  • 20%: Online Quizzes
  • 50%: Final Examination

Terms Offerings: T1, T3 

Prerequisites: ACCT2542

Delivery: Online/in-person

Class Structure:

  • 3.0 Contact Hours per week
    • Seminar: 3hrs

Learning Outcomes:

  • Leases
  • Share based Payments
  • Extractive Industries
  • Biological Assets
  • Foreign Currency Transaction
  • Derivative Financial Instruments 

Overview

(Level 3) Building on ACCT2542, this diverse course covers topical issues in financial reporting, including share based payments, extractive industries, biological assets, impacts of culture on accounting and more.

Assessment Structure

  • 30%: Online Quizzes
  • 20%: Group Presentation
  • 50%: Final examination