ACCOUNTING AND FINANCE FUNDAMENTALS

BUS1AFX

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-ordinatorSuzanne Young

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 1 - UG

Exchange StudentsNo

Available as ElectiveNo

Learning ActivitiesOnline forums, workshops, activities and quizzes, exercises, assessments, discussion forum and interactive enquiry-based learning activities.

Capstone subjectNo

Subject particulars

Subject rules

Prerequisites Student must be enrolled in one of the following courses: LBAB, LBABM, LBABK, LDAB, LAAB, SBAIO, SAAIO, SDAIO

Co-requisitesN/A

Incompatible subjectsBUS1AFB

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Readings

Accounting and Finance Fundamentals Learner Resource

Resource TypePrescribed

Resource RequirementN/A

AuthorDidasko Digital

Year2018

Edition/VolumeN/A

PublisherDidasko Group

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Finance Essentials

Resource TypeRecommended

Resource RequirementN/A

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 TypeRecommended

Resource RequirementN/A

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…

Online (Didasko), 2021, Study block 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 2 - 13
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 2 to week 13 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 10, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 41 - 52
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 41 to week 52 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 11, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 45 - 0
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 45 to week 0 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 12, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 50 - 0
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 50 to week 0 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 2, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 6 - 17
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 6 to week 17 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 3, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 10 - 21
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 10 to week 21 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 4, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 15 - 26
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 15 to week 26 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 5, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 19 - 30
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 19 to week 30 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 6, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 24 - 35
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 24 to week 35 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 7, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 28 - 39
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 28 to week 39 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 8, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 32 - 43
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 32 to week 43 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4

Online (Didasko), 2021, Study block 9, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment informationN/A

Subject Instance Co-ordinatorSuzanne Young

Class requirements

Unscheduled Online ClassWeek: 37 - 48
One 3.00 h unscheduled online class per week on any day including weekend during the day from week 37 to week 48 and delivered via online.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
5 On-line Quizzes 300 words equivalent	N/A	Quizzes	Individual	No	20	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1,000-word Assignment 1000 words equivalent	N/A	Assignment	Individual	No	20	SILO1, SILO2, SILO6, SILO7
Take Home Examination (2,000 words equivalent) Equivalent to a 2-hour exam, to be completed within 48 hours of being made available on LMS	N/A	Central exam	Individual	No	50	SILO1, SILO2, SILO3, SILO4, SILO5, SILO6, SILO7
1-hour Mid-Semester Review Quiz 1,000 words equivalent	N/A	Quizzes	Individual	No	10	SILO1, SILO2, SILO3, SILO4