ACCT 1005 Accounting in Context
Credit Points 10
Legacy Code 200972
Coordinator Helen Black Opens in new window
Description Accounting in Context is the first core subject required in the accredited accounting program, but can be included as an elective in other programs. It is designed to provide an overarching context about the purpose and usefulness of accounting information and explain a range of definitions and terms used in accounting and business. Accounting in Context will introduce accounting reports and their interpretation, and explore the impact of policy and measurement methods on accounting information and business decisions. Successful completion of the subject will equip participants with an understanding of the importance of accounting to society and allow them to engage with the next core accounting subject; Financial Accounting Applications.
School Business
Discipline Accounting
Student Contribution Band HECS Band 4 10cp
Check your HECS Band contribution amount via the Fees page.
Level Undergraduate Level 1 subject
Equivalent Subjects ACCT 1006 - Accounting in Context (WSTC) ACCT 1004 - Accounting Reports and Decisions
Incompatible Subjects ACCT 1001 - Accounting Information for Managers ACCT 1003 - Accounting Information for Managers (WSTC)
Restrictions
This subject is not available to students enrolled in programs 2607 Bachelor of Construction Management, 2769 Bachelor of Construction Management Studies/Bachelor of Laws, 3692 Bachelor of Construction Technology, 3727 Bachelor of Building Design Management. Students enrolled in these programs must complete subject ACCT 1001 - Accounting Information for Managers.
Assessment
The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.
Item | Length | Percent | Threshold | Individual/Group Task |
---|---|---|---|---|
Weekly Quizzes | 15 minutes | 20 | N | Individual |
Portfolio | 2500 words | 30 | N | Individual |
Final Exam | 2 hours | 50 | Y | Individual |
Prescribed Texts
- Birt, J, Chalmers, K, Moloney, S, Brookes, A & Oliver, J 2017, Accounting: Business Reporting for Decision Making, 6th edn John Wiley & Sons, Milton, Queensland.(Obtain copy which includes the WileyPLUS featuring iStudy)
- Birt, J, Chalmers, K, Moloney, S, Brookes, A, Oliver, J & Bond, D 2020, Accounting: Business Reporting for Decision Making, 7th edn John Wiley & Sons, Milton, Queensland.
- BBirt, J, Chalmers, K, Moloney, S, Brookes, A, Oliver, J & Bond, D 2020, Accounting: Business Reporting for Decision Making, 7th edn John Wiley & Sons, Milton, Queensland.
Teaching Periods