BX2011 - Accounting Principles and Systems

Credit points:	03
Year:	2011
Student Contribution Band:	Band 3
Administered by:	School of Business

This subject introduces accounting issues such as accounting for financial statement elements; preparation of financial statements(such as income statements, balance sheets and cash flow statements) for sole traders and partnerships; in the context of the historic cost accounting system in the Australian conceptual framework.

Learning Outcomes

• prepare and interpret accounting statements;
• account for partnerships and sole traders;
• demonstrate a thorough understanding of the historic cost accounting system, its practice and underlying assumptions and conventions.

Graduate Qualities

• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
• The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
• The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
• The ability to communicate effectively with a range of audiences;
• The ability to work individually and independently;
• The ability to use online technologies effectively and ethically.

Prerequisites:	BU1002 or CO1002 or CO1101 and allow concurrent for BU1002
Inadmissible Subject Combinations:	CO1001 AND CO1003

Availabilities
Townsville, Internal, Study Period 2
Census Date 25-Aug-2011
Coord/Lect:	Ms Jodie Maxfield.
Contact hours:	39 hours lectures - Lectures and workshops 12 hours tutorials
Assessment:	other exams (80%); assignments (20%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
Cairns, Internal, Study Period 2
Census Date 25-Aug-2011
Coordinator:	Ms Jodie Maxfield
Lecturer:	Ms Karen McPherson.
Contact hours:	39 hours lectures - Lectures and workshops 12 hours tutorials
Assessment:	other exams (80%); assignments (20%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
JCU Brisbane, Internal, Study Period 21
Census Date 14-Apr-2011
Coord/Lect:	Ms Jodie Maxfield.
Contact hours:	39 hours lectures - Lectures and workshops 12 hours tutorials
Assessment:	other exams (80%); assignments (20%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
JCU Brisbane, Internal, Study Period 22
Census Date 11-Aug-2011
Coord/Lect:	Ms Jodie Maxfield.
Contact hours:	39 hours lectures - Lectures and workshops 12 hours tutorials
Assessment:	other exams (80%); assignments (20%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
JCU Brisbane, Internal, Study Period 23
Census Date 08-Dec-2011
Coord/Lect:	Ms Jodie Maxfield.
Contact hours:	39 hours lectures - Lectures and workshops 12 hours tutorials
Assessment:	other exams (80%); assignments (20%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.