Accounting Systems and Practices (11212.2)

Please note these are the 2022 details for this unit
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Accounting Systems and Practices
Available teaching periods Delivery mode Location
View teaching periods On-Campus
Online
Flexible
 Bruce, Canberra
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Business School Level 2 - Undergraduate Intermediate Unit Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
This unit introduces students to the techniques and processes required to produce financial statements for a simple entity. Topics include the use of accrual accounting in preparing journal entries for a range of transactions and events, as well as utilising principles of internal controls. These topics provide the basis necessary to complete the next unit in the financial accounting stream.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Analyse and apply financial accounting principles and concepts when dealing with structured information;
2. Apply the use of accounting controls, journals and systems;
3. Prepare financial reports for simple entities using accounting software; and
4. Reflect on the professional skills that accountants have to possess and display.


Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - evaluate and adopt new technology
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas


Prerequisites

11009 Business Decision Making.

Corequisites

None.

Incompatible units

6222 Accounting Systems & Practices G.

Equivalent units

6360 Accounting Systems and Practices.

Assumed knowledge

None.
Year Location Teaching period Teaching start date Delivery mode Unit convener
2024 Bruce, Canberra Semester 1 05 February 2024 On-Campus Dr Angela Tan-Kantor
2024 Bruce, Canberra Semester 1 05 February 2024 Online Dr Angela Tan-Kantor
2024 Bruce, Canberra Semester 2 29 July 2024 Flexible Dr Angela Tan-Kantor
2024 Bruce, Canberra Semester 2 29 July 2024 On-Campus Dr Angela Tan-Kantor
Not available

Required texts

Hoggett, Medlin, Edwards, Chalmers, Beattie, Hellman and Maxfield 2018, Financial Accounting, 11th Edition, John Wiley & Sons, Australia.

Submission of assessment items

Special assessment requirements

Final grades in this subject will be assessed according to performance in each of the assessment items identified above. In order to pass this unit, you must obtain:
 
·    an overall total score of at least 50% 
·     a minimum of 40% in the final exam
·    submit all assessment items marked as mandatory AND
·    meet any indicated threshold requirements.
 
For assessment items marked as mandatory, each piece of assessment must be completed and submitted, but it is not necessary that students pass each individual item of assessment.
 
For threshold items, students must complete the assessment item and meet the minimum indicated threshold requirement.
In this unit, the final examination is a threshold requirement. Students must obtain a minimum of 40% in the final exam and 50% overall to pass the unit.

Academic integrity

Students have a responsibility to uphold University standards on ethical scholarship. Good scholarship involves building on the work of others and use of others' work must be acknowledged with proper attribution made. Cheating, plagiarism, and falsification of data are dishonest practices that contravene academic values. Refer to the University's Student Charter for more information.

To enhance understanding of academic integrity, all students are expected to complete the Academic Integrity Module (AIM) at least once during their course of study. You can access this module within UCLearn (Canvas) through the 'Academic Integrity and Avoiding Plagiarism' link in the Study Help site.

Use of Text-Matching Software

The University of Canberra uses text-matching software to help students and staff reduce plagiarism and improve understanding of academic integrity. The software matches submitted text in student assignments against material from various sources: the internet, published books and journals, and previously submitted student texts.

Participation requirements

Refer to section 5 for details.

While attendance at classes is not compulsory, unless it is a condition of your student visa, you are encouraged strongly to attend all tutorials and lectures. You should be prepared for active attendance – note-taking, answering questions, sharing ideas, engaging in classes etc. Listening to the lectures and tutorials at home or reading someone else's notes is pedagogically less stimulating than your participation.

Students are expected to be on time for classes. All classes will start exactly at the scheduled starting time. Experience indicates that student who does not attend classes have difficulty passing the subject. Students are strongly encouraged to attend all lectures and tutorials and contribute by actively participating.

Required IT skills

An understanding of MS Word and MS Excel. Students will also learn to use cloud Accounting platform Xero whilst completing an accounting practice set.

Work placement, internships or practicums

Not applicable.