School Of BusinessAccounting in ContextWestern Sydney University Unit Code: 200972.1
Discipline: ACCOUNTING
Student Contribution Band: 3
Level: 1
Credit Points: 10
Equivalent Units
200101 - Accounting Information for Managers, 200103 - Accounting Reports and Decisions, 700005 - Accounting Information for Managers (WSTC), 700078 - Accounting Information for Managers (Creative Industries), 61111 - Introductory Financial Accounting
Unit Enrolment Restrictions
This unit is not available to students enrolled in courses 2607 Bachelor of Construction Management, 2769 Bachelor of Construction Management Studies/Bachelor of Laws, 3692 Bachelor of Construction Technology, 3727 Bachelor of Building Design Management. Students enrolled in these courses must complete unit 200101 - Accounting Information for Managers.
Note: The new unit 200972 Accounting in Context is deemed equivalent to 200101 Accounting Information for Managers, for accounting course purposes, as most of the unit content and learning outcomes are similar. However some of the content around budgeting and cost profit analysis is not available in the new unit but is still required by the SCEM courses. For this reason, students enrolled in some SCEM courses must complete 200101 AIM and not the new equivalent unit 200972 AIC.
About this Unit
Accounting in Context is the first core unit required in the accredited accounting program, but can be included as an elective in other courses. It is designed to provide an overarching context about the purpose and usefulness of accounting information and explain a range of definitions and terms used in accounting and business. Accounting in Context will introduce accounting reports and their interpretation, and explore the impact of policy and measurement methods on accounting information and business decisions. Successful completion of the unit will equip participants with an understanding of the importance of accounting to society and allow them to engage with the next core accounting unit; Financial Accounting Applications.