ACCT 0003 Fundamentals of Finance and Accounting

Credit Points 10

Legacy Code 201034

Coordinator Mark Thomas Opens in new window

Description In this unit, students will be introduced to the fundamentals of finance and accounting for business. Students will learn to apply numerical skills within the areas of finance and accounting in preparation for post-graduate study. Financial information will be analysed and interpreted for the purpose of decision-making in a range of corporate contexts. Students will be required to demonstrate an understanding of ethical conduct and best practice reporting in undertaking financial and accounting processes.

School Business

Discipline Accounting

Student Contribution Band HECS Band 4 10cp

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Level Undergraduate Level 0 Preparatory subject


Students must be enrolled in programs 2811 Masters Qualifying Program or 2812 Masters Qualifying Program with Concurrent English.

Learning Outcomes

On successful completion of this subject, students should be able to:

  1. Explain fundamental concepts in finance and accounting;
  2. Demonstrate numeracy skills for business application;
  3. Analyse and interpret financial information;
  4. Communicate financial knowledge for decision-making;
  5. Describe the importance of ethical practice in a financial context.

Subject Content

Introduction to finance and accounting
Accounting for business transactions
Financial statements
Financial analysis
Investment and financing decisions
Corporate decision-making
Ethical practice in finance and accounting
Reporting in finance and accounting


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.

Type Length Percent Threshold Individual/Group Task
In Class Quiz 30 minutes 20 N Individual
Case Study 1,000 40 N Individual
Report 1,000 40 N Individual

Prescribed Texts