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UnitLevel 1Undergraduate

ACX1001 Accounting fundamentals

Faculty of Business and Economics

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ACX1001 Accounting fundamentals is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2027. It has no prerequisites and unlocks 8 units, leading on to 14 units in all.

Credit points
6
Offered in 2027
Not offered
Assessment
Exam 50%
and 2 other tasks
Workload
144 hours
per semester

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Requisites

Before ACX1001

Prohibitions

You can't enrol if you have passed any of these.

One of

After ACX1001

8 units list ACX1001 as a prerequisite or corequisite.

Enrolment rules

If you are enrolled in course B2029 or B2040 you cannot undertake this unit.

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 2027

The 2027 handbook lists no offerings for ACX1001.

Assessment

  • Exercise
    20%
  • Project
    30%
  • Examination
    50%

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    demonstrate an understanding of various forms of business organisation

  2. 2

    apply financial and management accounting principles in the interpretation of financial statements

  3. 3

    measure and interpret information relating to financial performance, financial position, liquidity and risk indicators of businesses

  4. 4

    measure and interpret financial and non-financial information for managers to use in planning, decision making and control

  5. 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

  • Lectures12 hours
  • Tutorials24 hours
  • Teaching approachActive learning
  • Teaching approachProblem-based learning

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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.

This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.

Learning resources

Required resources

Accounting for Managers (Custom Text), 2nd edition

Technology resources

There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.

Common questions

What are the prerequisites for ACX1001?

ACX1001 has no prerequisites, but enrolment rules apply.

What can I take after ACX1001?

ACX1001 is a prerequisite or corequisite for 8 units, including ACB2220, ACB2420, ACC2200, ACC2400, ACF2200 and ACF2400. Those lead on to 14 units in all.

When is ACX1001 offered?

ACX1001 has no offerings listed in the 2027 handbook.

How much work is ACX1001?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ACX1001 have an exam?

Yes. The exam is worth 50% of the final mark, alongside 2 other tasks.

More details

Credit points
6
Level
1
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Accounting
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Available
Handbook years
2024202520262027