This course covers fundamental issues relevant to the use of accounting information as a decision aid. Contents include accounting concepts, double entry and accrual systems of accounting, financial statements preparation and analysis.

On satisfying the requirements for this course, students should have the knowledge and skills to:

• identify the main users of financial statements, and the main purposes for which the information is used;
• distinguish between cash and accrual accounting; distinguish between assets, liabilities, equity, income and expenses; prepare journal entries,
• post to ledger accounts and calculate closing balances, prepare a trial balance, prepare adjusting, reversing and closing entries;
• understand the different business structures available in Australia and their financial reporting requirements;
• understand and prepare the statement of comprehensive income, statement of financial position, statement of cash flow and statement of changes in equity, and analyse financial statements with regard to key aspects of performance such as profitability, liquidity and solvency.

Tutorial participation 5% 

Assignment 15%

Mid-semester test 30%

Final examination 50%

Total 100%

3 hours per week plus private study time 

You should be prepared to devote an average of 12 hours per week (including the non-teaching weeks) of private study in relation to this course.

See Course Outline:  http://ecocomm.anu.edu.au/courses/outline/BUSN7008.pdf

See Course Outline:  http://ecocomm.anu.edu.au/courses/outline/BUSN7008.pdf

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7008