PRINCIPLES OF ACCOUNTING AND FINANCE

BUS1AFB

2021

Credit points: 15

Subject outline

This subject is designed to introduce undergraduate business students from all disciplines to the nature of accounting and finance and their role in business. Accounting covers the recording of financial transactions and reporting on the financial health and performance of an individual or business. Finance is concerned with raising the funds required to acquire the assets of a business as well as managing the expenditure and investment of these funds. In this subject, you will learn the ethical requirements underpinning financial statements, how to compile and interpret financial statements and understand sources of financing. Additionally, you will understand a budget and its importance to the business as well as the information required to make strategic planning and pricing decisions all from a non-accountant and non-finance users perspective.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorKate Ashman

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 1 - UG

Available as ElectiveYes

Learning ActivitiesPre-class and in-class work; online quiz; assignment and exam.

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Learning resources

Finance Essentials

Resource TypeBook

Resource RequirementPrescribed

AuthorDavid Kidwell, Mark Brimble, Paul Mazzola, Nigel Morkel-Kingsbury, Jenny James

Year2017

Edition/Volume1st Edition

PublisherWiley

ISBN9780730363385

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Accounting: Business Reporting for Decision Making

Resource TypeBook

Resource RequirementPrescribed

AuthorJacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond

Year2019

Edition/Volume7th Edition

PublisherWiley

ISBN9780730369325

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

Intended Learning Outcomes

01. Explain and discuss the importance of accounting and financial reporting and ethical and corporate governance issues as they apply to managerial decisions.
02. Analyse and interpret financial statements
03. Prepare and explain the importance of budgets and their use in managing business finances.
04. Describe and calculate how businesses use CVP information to make strategic planning decisions.
05. Compare and contrast the different sources of capital businesses use to fund their operations.
06. Explain and discuss the relationship between risk and return.
07. Compute and explain the different investment decision rules, as they relate to the funding and investment decisions of the firm including the application of time value of money concepts to computing future and present values of cash flows.

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This compulsory lecture is in addition to regular classes and is designed to introduce students to the key concepts 1 week prior to their completion during the workshop. It is essential students attend this lecture to prepare themselves for the following weeks workshop.

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Bendigo, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This compulsory lecture is in addition to regular classes and is designed to introduce students to the key concepts 1 week prior to their completion during the workshop. It is essential students attend this lecture to prepare themselves for the following weeks workshop.

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Melbourne (Bundoora), 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Mai

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This compulsory lecture is in addition to regular classes and is designed to introduce students to the key concepts 1 week prior to their completion during the workshop. It is essential students attend this lecture to prepare themselves for the following weeks workshop.

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

China (Si Chuan Uni), 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Mildura, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This compulsory lecture is in addition to regular classes and is designed to introduce students to the key concepts 1 week prior to their completion during the workshop. It is essential students attend this lecture to prepare themselves for the following weeks workshop.

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Shepparton, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This compulsory lecture is in addition to regular classes and is designed to introduce students to the key concepts 1 week prior to their completion during the workshop. It is essential students attend this lecture to prepare themselves for the following weeks workshop.

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Sydney, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Vietnam (Hanoi University), 2021, Semester 1, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Melbourne (Bundoora), 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Mai

Class requirements

LectureWeek: 31 - 42
One 1.00 hour lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
This compulsory lecture is in addition to regular classes and is designed to introduce students to the key concepts 1 week prior to their completion during the workshop. It is essential students attend this lecture to prepare themselves for the following weeks workshop.

Problem Based LearningWeek: 31 - 43
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

China (Si Chuan Uni), 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

Problem Based LearningWeek: 31 - 43
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Sydney, 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

Problem Based LearningWeek: 31 - 42
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

Vietnam (Hanoi University), 2021, Semester 2, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

Problem Based LearningWeek: 31 - 43
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

China (ECNU), 2021, Week 28-31, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

Problem Based LearningWeek: 28 - 31
One 2.00 hours problem based learning per week on weekdays during the day from week 28 to week 31 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7

China (ECNU), 2021, Week 37-52, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorKate Ashman

Class requirements

Problem Based LearningWeek: 37 - 52
One 2.00 hours problem based learning per week on weekdays during the day from week 37 to week 52 and delivered via face-to-face.
In addition to the lecture and workshop, students are expected to undertake between 1 hour and 3 hours of learning activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

5 On-line Quizzes (300 words equivalent)

N/AQuizzesIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 1 (650 words equivalent)

N/AAssignmentIndividualNo10 SILO1, SILO2

2-hour Final Examination (2,000 words equivalent)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7

Individual Assignment 2 (1,350 words equivalent)

N/AAssignmentIndividualNo20 SILO3, SILO4, SILO6, SILO7