Accounting, Business and Society (BUSS1030)

UNIT OF STUDY

This unit investigates the fundamentals of accounting and aims to provide a broad understanding of the role of accounting in the context of business and society. The format of the unit is designed to show that there are many uses of accounting data. The focus moves from accountability to decision making; both functions are explained through examples such as the 'double entry equation', and from an output (financial statements) perspective. Some more technical aspects of accounting are outlined, including the elements of assets, liabilities, revenues and expenses within simple, familiar scenarios. Besides developing an understanding of the role of accounting via conventional financial reports, recent developments including the discharge of accountability by companies through the release of corporate social and environmental reports and the global financial crisis, are explored with an accounting lens.

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Further unit of study information

Classes

1x 1.5hr lecture and 1x 1.5hr tutorial per week

Assessment

tutorial work (15%), written assessment (15%), mid-semester examination (20%) and final examination (50%)

Faculty/department permission required?

No

Unit of study rules

Prohibitions

ACCT1001, ACCT1003, ACCT1004, ACCT1005, ACCT1002

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If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.

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