Introduction to Accounting
Unit code: BHL013
| Credit points | 12.5 Credit Points |
| Duration | One teaching period |
| Contact hours | 48 Hours |
| Campus | Hawthorn, Wantirna |
| Prerequisites | Nil |
| Corequisites | Nil |
Related course(s)
This is a prescribed unit of study in the Bachelor of Business Administration suite of programs.Aims and objectives
The aim of this unit of study is to provide a basic understanding of the principles of Accounting to Trial Balance using both manual and computer accounting systems.
After successfully completing this unit, you should be able to:
After successfully completing this unit, you should be able to:
- Understand and apply the relevant accounting concepts to simple business scenarios
- Describe the effect of a range of business transactions on the Balance Sheet and the Profit and Loss Report
- Set up and operate a computer accounting system using MYOB
- Understand the difference between accrual and cash accounting, process cash transactions and complete bank reconciliation statements
- Maintain journals and general ledger accounts for a trading business including GST compliance
- Maintain subsidiary ledger accounts
- Generate and analyse a variety of reports using MYOB
Teaching methods
This unit will be taught in a variety of modes including face to face, online and blended modes. Delivery of this unit may be through a mixture of tutorials, laboratories and online.Generic skills outcomes
You will be provided with feedback on your progress in attaining the following generic skills:
- problem solving
- planning and organising
- ability to work independently
Content
- Apply the relevant accounting concepts to simple business scenarios
- Describe the effect of a range of business transactions on the Balance Sheet and the Profit and Loss Report
- Set up and operate a computer accounting system using MYOB
- Understand the difference between accrual and cash accounting, process cash transactions and complete bank reconciliation statements
- Maintain journals, general ledger and subsidiary ledger accounts for a trading business including GST compliance
- Generate and analyse a variety of reports using MYOB
