ACC20003 Accounting Systems

Unit code: ACC20003

Duration: 1 Teaching Period

Contact hours: Recommended 8 hours of study per week

About this unit

The broad objective of this unit is to familiarise students with the accounting cycle and show how the accounting cycle works in both manual and computerised accounting systems.

Content

The unit covers the following topics:

  • The accounting process
  • The accounting equation and double entry accounting
  • Goods and Services Tax
  • Cash and control of cash
  • Accounts Receivable and Payable
  • Accounting for merchandising activities
  • Valuation of inventory
  • Non-current assets
  • Recognition and matching adjustments on balance day