1 x120-minute lecture weekly
1 x 50- minute tutorial weekly

2 x 120-minute lectures weekly
1 x 120-minute tutorial weekly
Enrolment not permitted
1 of BUSN1001, BUSN1201, BUSN1202 has been successfully completed
Topic description

This topic introduces students to the fundamental concepts of financial and management accounting. It examines the elements of the financial statements provided to external users and the information provided in, and interpretation of, those statements. Several management accounting functions, important to internal users, are also introduced.

Educational aims

This topic aims to provide students with an understanding of the importance of financial information in business practice. The topic includes introductory financial accounting, introductory management accounting, financial statement interpretation and analysis, and budgeting.

Expected learning outcomes
On completion of this topic you will be expected to be able to:

  1. Demonstrate a basic understanding of the measurement and reporting of the financial position, financial performance and cash flows of an entity and how this information is reported to external users
  2. Analyse and interpret information contained in the financial statements
  3. Demonstrate basic knowledge of techniques used for internal management processes, including budgeting, cost analysis and working capital management

Key dates and timetable

(1), (2)

Each class is numbered in brackets.
Where more than one class is offered, students normally attend only one.

Classes are held weekly unless otherwise indicated.


If you are enrolled for this topic, but all classes for one of the activities (eg tutorials) are full,
contact your College Office for assistance. Full classes frequently occur near the start of semester.

Students may still enrol in topics with full classes as more places will be made available as needed.

If this padlock appears next to an activity name (eg Lecture), then class registration is closed for this activity.

Class registration normally closes at the end of week 2 of each semester.

Classes in a stream are grouped so that the same students attend all classes in that stream.
Registration in the stream will result in registration in all classes.
  Unless otherwise advised, classes are not held during semester breaks or on public holidays.