This subject introduces students to the basics of accounting and financial transactions. The subject is practice based and the transaction section is assessed by input accounting entries into the MYOB accounting system. Financial statements are then examined in detail and the process of accounting for equity and assets is explained. Ratio, breakeven and sensitivity analyses are performed on companies' financial statements to determine how well the businesses are performing.
A budgeted project plan is prepared and costed as part of the assessment and the working capital cycle is explored. Microsoft Project is used for the project budgeting assignment. Financial mathematics and discounted cash flow techniques are used to assess projects and investment decisions. Debt and equity from angels, venture capitalists, banks and informal investors are outlined as potential sources of funding for new projects and opportunities.
Assessment: This is based on the completion of an MYOB financial transaction assignment, a Microsoft Project budgeting assignment and a multiple choice examination.
Autumn semester, City campus
Spring semester, City campus
2008 contribution for post-2008 Commonwealth-supported students: $907.50
Note: Students who commenced prior to 1 January 2008 should consult the Student contribution charges for Commonwealth supported students
Not all students are eligible for Commonwealth Supported places.
2008 amount for undergraduate domestic fee-paying students: $2,532.00
Note: Fees for Postgraduate domestic fee-paying students and international students are charged according to the course they are enrolled in. Students should refer to the Annual Fees Schedule.
Subject EFTSL: 0.125