Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
The principal aim of this unit is to provide students with the basic underpinnings of accounting, finance and costing that are critical to all businesses. This unit focuses on the need for accountability in business and starts with an understanding of the basics of the accounting system needed to record transactions and prepare financial statements; it explores the basic principles of various costing methods; considers frequently used finance options and their cost for finding business activities and considers the early signs of business or cash flow problems with possible turn around options.
Within semester assessment: 40%
Minimum total expected workload to achieve the learning outcomes for this unit is 150 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.