One Semester or Term

36 Hours

Hawthorn, Sarawak

HBC110N Accounting for Managers or approved equivalent

 Nil

Credit Points: 12.5 Credit Points

Related Course/s:

Aims & Objectives:

• Understand the importance of the accurate and timely recording of financial transactions
• Apply the rules of double entry accounting to financial transactions in the ledgers (general and subsidiary) and journals (general and special)
• Describe internal control procedures
• Record a set of transactions using double entry accounting software
• Apply generally accepted accounting concepts to a range of transactions for a small business
• Design an appropriate information system for a small retail or service business

Teaching Methods:

Lecture (2 hours), Tutorials (1 hour)

Assessment:

Test 20%-30%; computer software assignment 20%-30%; participation 5%-10%; Exam 50%. Hurdle pass rate of 50% on exam.

Generic Skills Outcomes:

• Capable in their chosen professional, vocational or study areas
• Entrepreneurial in contributing to innovation and development within their business, workplace or community
• Effective and ethical in work and community situations
• Adaptable and able to manage change
• Aware of local and international environments in which they will be contributing (eg socio-cultural, economic, natural)

Content:

• Rules of double entry accounting
• Recording in ledgers and journals (general and special)
• Balance day adjustments
• Internal control
• Cash control
• Accounts Receivable
• Inventory valuation and recording
• Fixed assets
• Accounting for manufacturing
• Introduction to accounting for companies
• Double entry computer accounting software

Reading Materials:

 There are several suitable texts available. A suitable new edition of a text will be chosen and recommended when the unit is about to be delivered.

Recommended Reading:

 The extant theory in this area is vast. Students will be advised of appropriate recent relevant reading when the unit is offered. This would be updated each semester.