Course History

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Version Effective: 10th of July, 2020 Next Version
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PDC73744 - Key Principles and Concepts in Accounting

Course Details

Course Summary

In this online Short Course, you will examine key principles and concepts relevant to accounting. These concepts are important to learn about, even as a manager or a leader, so that you are able to decipher the financial information available to you. These skills will help you determine whether the business is running at a loss or a profit, the liabilities of the business and whether the business is complying with its legal accounting obligations. Understanding accounting is an essential tool for leaders who need to efficiently and effectively make business decisions. Understanding the financial underpinnings of your business can help you determine what financial activities are, and are not, working at the business. This information will help you to make business decisions and execute changes to the business with the aim of improving operations and increasing profits. To help you understand the basics of accounting, you will learn about the purpose of financial statements and the main types of financial statements and the principles guiding the accounting profession and informing its ethics. Key accounting terminology that is required at an executive level of business and the difference between accrual and cost-based accounting will be outlined.

Students who successfully complete the set of nine Short Courses* developed from the unit BUSN20026 Accounting for Business Decisions, (which forms part of the Master of Business Administration (Leadership) CL39), may be eligible for credit transfer, pending all other entry requirements to the Master of Business Administration (Leadership) CL39 are being met, as automatic entry will not apply.

*Includes the following Short Courses:

  1. The Language of Accounting in Business - An Overview
  2. Key Principles and Concepts in Accounting
  3. Measuring the Financial Health of a Company
  4. Measuring Profitability in Business
  5. Measuring Cash Flow in an Organisation
  6. Capital Budgeting and Investment
  7. Managerial Accounting
  8. Analysing Financial Statements
  9. Accounting for Business Decisions: Assessment Module.

This online Short Course provides a creditable micro-credential and digital badge which can be shared to your social networks and displayed in your professional portfolio.

The fee for this short course will be $90.

Entry Requirements

There are no specific entry requirements to enrol in this course, however, it is relevant to anyone who would like to complete studies in this field, in a flexible and self-paced environment.

Course Details

Course Type Short Course (Professional Development)
Student Availability
  • International
  • Domestic
Fees
Application Mode
  • Other
How to Apply

For direct access to the course, visit https://bedifferent.cqu.edu.au/

Study Area
  • Business, Accounting and Law
  • Work and Study Preparation
Skill Area
  • Accountancy
  • Business Services
  • General Education and Training

Admission Codes

Domestic Students
Tertiary Admission Centre Codes (TAC) Codes 		Not Applicable
International Students
CRICOS Codes 		Not Applicable

Student Outcomes, Career Opportunities and Occupations

Undertaking this course enables students to meet their Continuing Professional Development obligations and industry update requirements in their profession. Upon successful completion of the course, students will be awarded Continuing Professional Development (CPD) hours, a creditable micro-credential (Digital Badge) and a Certificate of Completion.

Students who successfully complete the set of nine Short Courses* developed from the unit BUSN20026 Accounting for Business Decisions, which forms part of the Master of Business Administration (Leadership) CL39, may be eligible for credit transfer, pending all other entry requirements to the Master of Business Administration (Leadership) CL39 are being met, as automatic entry will not apply.

*Includes the following Short Courses:

  1. The Language of Accounting in Business - An Overview
  2. Key Principles and Concepts in Accounting
  3. Measuring the Financial Health of a Company
  4. Measuring Profitability in Business
  5. Measuring Cash Flow in an Organisation
  6. Capital Budgeting and Investment
  7. Managerial Accounting
  8. Analysing Financial Statements
  9. Accounting for Business Decisions: Assessment Module.

Course Structures

Study Mode Definitions

  • Online: Online courses provide the flexibility to study without normally requiring a student to visit a campus. Course content is studied through a number of means including the use of online discussion forums, electronic library resources, by contacting lecturers and teachers, and receiving study materials online/electronically. Work integrated learning, including placements, may be included in some courses.
  • On-campus: Students studying in on-campus mode typically are expected to attend and participate in regular, structured on-campus teaching and learning activities throughout the University’s academic term. These activities may include lectures, tutorials, workshops and practice, online or other activities and normally will be timetabled at a CQUniversity campus or approved delivery site.
  • Mixed Mode: Students studying in mixed mode will participate in a combination of online learning activities in addition to site-specific learning activities, which may include residential schools, co-op placements and/or work-integrated learning as a compulsory requirement of a unit. The additional site-specific learning activities are what differentiates a mixed-mode unit from an online unit.

*All study modes may include Vocational placement and/or work integrated learning.

Select a course structure below to view the delivery details, including the different study modes offered for each structure.

Standard Course Structure

10 hours

  • Online
No units are associated with this course


Course Learning Outcomes
  1. Identify the purpose of financial statements and the main types of financial statements
  2. Outline the entities governing international and Australian accounting standards
  3. Describe different accounting methods which are used in business.

Assessment

Online Quiz

Where and when can I start?
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