Topic outline
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Acknowledgment of Country
We respectfully acknowledge the Kaurna, Boandik and Barngarla First Nations Peoples and their Elders past and present, who are the First Nations’ traditional owners of the lands that are now home to the University of South Australia’s campuses in Adelaide, Mount Gambier and Whyalla.
The course website has been curated with cultural safety in mind. We strive to create inclusive learning environments that are age, disability, culture, and gender attuned. Inclusive language and resources are dynamic works in progress that continuously evolve in response to new knowledge and a greater understanding of diversity. If you notice any opportunities for improvements to be made, please get in touch with the teaching team so we can collaborate on solutions.
Welcome to your journey into the field of accounting!We trust that you will find your study of 'Accounting for Business' interesting, enjoyable and a useful start in your accounting journey.
The content of this course has been designed with the assumption that you have no previous accounting experience. This course aims to give you an appreciation of the fundamental concepts of accounting, an understanding of some of the basic accounting processes and how these may be useful in a business setting.
Regardless of the reasons you have enrolled in this course, we hope that you find your study of 'Accounting for Business' enjoyable, challenging and useful. Inevitably, a study of accounting requires a basic understanding of record keeping but accounting is far more than that.
Accounting plays a vital role in the decision-making processes of every organisation, whether it is a for-profit organisation (e.g. Commonwealth Bank), not-for-profit organisation (e.g. a charity such as Oxfam), a government organisation (e.g. a local council) or in your daily life.
Before you commence your study with 'Accounting for Business', please read the Course Outline which describes and explains the content of this course as well as providing essential information regarding the assessment for this course.
The work you need to undertake is clearly laid out under each 'Week' tab, e.g. Week 1, Week 2 etc. Please take some time to familiarise yourselves with the structure of the website and ensure you know what you need to be doing each week. Please also make sure you pay attention to 'Announcements' and Weekly posts so you do not miss out on important information.
Accounting for Business will work through some accounting processes to ensure that you actually understand the underlying concepts of accounting that drive these processes. Just as it is difficult to actually understand road rules until you drive a car and have to put them into practice, it is often difficult to understand accounting concepts until you are required to apply them with processes and numbers. As a result of this, the assessment in this course is divided almost evenly between discussion of accounting concepts and demonstration of an understanding of those concepts by applying them in practice.
Although we are sure you will find this course interesting, you will also find that there are no shortcuts to studying accounting and that you will need to commit on average at least 10 - 13 hours per week to this course. Students, who have succeeded in this course, have realised early that learning accounting concepts and methods takes time and practice. They have also found that each topic builds on other topics, they have to understand one topic before moving onto the next.
To succeed in Accounting for Business, you will need to spend the time required each week, stay up to date and be prepared to ask questions and sort out any problems as soon as possible. The teaching team will be more than happy to help you learn and succeed.
All the best with your studies in Accounting for Business. If you have any academic queries which are specific to 'Accounting for Business', please direct them to the relevant discussion forums or e-mail UOACCT1011@unisa.edu.au.
Have a great study period!
Kind regards
AFB Teaching team
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