ACB1020 Accounting in business
Faculty of Business and Economics
ACB1020 Accounting in business is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 at Peninsula. It has no prerequisites and unlocks 4 units, leading on to 5 units in all.
- Credit points
- 6
- Offered in 2020
- Semester 1
- Peninsula
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ACB1020
Prohibitions
You can't enrol if you have passed any of these.
- ACC1100Introduction to financial accountingNo reviews yet
- ACW1020Accounting in businessNo reviews yet
- ACC1200Accounting for managersNo reviews yet
- ACW1120Financial accounting 1No reviews yet
- ACF1100Introduction to financial accountingNo reviews yet
- ACF1200Accounting for managersNo reviews yet
- ACB1120Financial accounting 1No reviews yet
After ACB1020
4 units list ACB1020 as a prerequisite or corequisite.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit introduces basic accounting concepts to non-accountants. The information requirements of two main groups of information users are examined - external users such as current and potential investors and internal users such as managers. This unit provides an introduction to the structure, meaning, analysis and interpretation of financial statements, in addition to exploring financial issues confronting managers, such as cost and performance measurement and budgeting.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Peninsula | On campus |
Learning outcomes
When you finish this unit, you should be able to:
- 1
demonstrate an understanding of various forms of business organisations
- 2
apply financial and management accounting principles in the preparation of financial statements
- 3
measure and interpret information relating to financial performance, financial position, liquidity and risk indicators of businesses
- 4
measure and interpret financial and non-financial information for managers to use in planning, decision making and control
- 5
develop the ability to work effectively in a team and demonstrate the development of judgement, and skills in problem solving, critical thinking and analysis.
Workload and teaching
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Contacts
- Chief Examiners
- Dr Mahendra Goyal
Common questions
What are the prerequisites for ACB1020?
ACB1020 has no prerequisites.
What can I take after ACB1020?
ACB1020 is a prerequisite or corequisite for 4 units, including ACB2420, ACC2400, ACF2400 and ACX2900. Those lead on to 5 units in all.
When is ACB1020 offered?
In 2020, ACB1020 runs in Semester 1 at Peninsula.
How much work is ACB1020?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.