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Unit (2020)

Information on this page, including unit offerings, is from the 2020 academic year.

Accounting Processes (MBS544)

Organisational Unit Business
Credit Points 3
Availability MURDOCH: S1-internal, S1-external, S2-internal, S2-external
KAPLAN-SGP: TJA-internal, TSA-internal
Teaching Timetables Murdoch S1
Murdoch S2
Description This unit provides the fundamental concepts and technical skills that students need for future units in accounting. By the end of the course, students will be able to record accounting transactions and produce relevant financial statements in accordance with Australian Accounting Standards. Topics include the double entry recording system, financial statements, valuation and measurement of assets, cash flow statements. Students will also utilise QuickBooks software to facilitate their understanding of the computerised accounting process.
Unit Learning Outcomes On successful completion of the unit students should be able to:
LO1: Identify, analyse and record financial transactions in appropriate accounting records, both manually and using a computerised accounting package.
LO2: Account for inventory for a retail/merchandising business; manage current assets and non-current assets.
LO3: Use special journals and control accounts to record business transactions.
LO4: Prepare and be able to interpret the following financial statements; Income Statement, Balance Sheet, Statement of Changes in Equity and Statement of Cash Flows.
LO5: Demonstrate the ability to work effectively as a team member to achieve a shared objective.
Timetabled Learning Activities 2.5 hour seminar per teaching week for South Street Campus
All offerings of this unit include the equivalent of 30 hours of structured learning.
Unit Learning Experiences The approach to learning in this unit requires students to prepare for each session in advance, to participate in relevant problem based exercises, discussions, and other activities during sessions. External students will be required to submit preparatory work. Most sessions will include a recorded lecture component which will be available for downloading.
Assessment Participation and QuickBook Exercises 10%
Group Assignment 20%
Test 20%
Final exam 50%
Prerequisites MBS539/MBS513 Accounting for Managers
Exclusions Students who have completed MBS553 Accounting Processes may not enrol in this unit for credit.
Previously 2013: MBS553
Appears in these Courses/Majors:
see individual structures for context
Master of Professional Accounting (Advanced) (MPA(Adv))
Master of Professional Accounting (MPA)
Internet Access RequirementsMurdoch units normally include an online component comprising materials, discussions, lecture recordings and assessment activities. All students, regardless of their location or mode of study, need to have access to and be able to use computing devices with browsing capability and a connection to the Internet via Broadband (Cable, ADSL or Mobile) or Wireless. The Internet connection should be readily available and allow large amounts of data to be streamed or downloaded (approximately 100MB per lecture recording). Students also need to be able to enter into online discussions and submit assignments online.


Unit Coordinator
Ms Jo-Anne Kestel
Lecturer Accounting

Murdoch Campus
t: 9360 6041
e: J.Kestel@murdoch.edu.au
o: 512.2.039 - Murdoch Business School, Murdoch Campus
Unit Contacts

Miss Mellisa Lewis
Lecturer In Accounting

Murdoch Campus
t: 9360 2155
e: m.lewis@murdoch.edu.au
o: 512.2.011 - Murdoch Business School, Murdoch Campus

MURDOCH: S1-External
MURDOCH: S1-Internal
MURDOCH: S2-External
MURDOCH: S2-Internal
Ms Jo-Anne Kestel
Lecturer Accounting

Murdoch Campus
t: 9360 6041
e: J.Kestel@murdoch.edu.au
o: 512.2.039 - Murdoch Business School, Murdoch Campus
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