Credit Points: 15
Prerequisite: BB104 Introductory Accounting
Co-requisite: N/A
Workload: 36 contact hours
Campus: Melbourne, Sydney
This is a second-year Core Unit in the Bachelor of Business, major in Accounting, and offered as an Elective Unit in the Bachelor of Business Marketing, and Bachelor of Business Management.
This unit builds on the basic accounting principles covered in BB104 Introductory Accounting. It assists student understanding of financial accounting information, and the regulatory accounting environment. The unit develops expertise in the accumulation, processing and presentation of financial information in relation to sole proprietorships and partnerships in the trading, and service sectors. This unit lays the foundation for advanced core accounting units.
The unit topics include:
At the completion of this unit students should be able to:
Assessment Task | Learning Outcomes Assessed | Weighting |
|---|---|---|
| Contribution in class | a-e* | 10% |
| Class Test 1 | a,d* | 5% |
| Class Test 2 | d,e* | 10% |
| Group assignment (written report) | a,d,e* | 25% |
| Final Exam (3 hours) | a-e* | 50% |
| Total | 100% |
*refer to learning outcomes above.
MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:
| Ability to communicate | Independent and Lifelong Learning | Ethics | Analytical and Problem Solving | Cultural and Global Awareness | Team work | Specialist knowledge of a field of study |
Legend
| Colour coding | Extent covered |
| The standard is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations | |
| The standard is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations | |
| The standard is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations | |
| The standard is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by activities such as lectures or tutorials | |
| The standard is not considered, there is no theory or practice or activities associated with this standard |