Course Title: Accounting

Part A: Course Overview

Course Title: Accounting

Credit Points: 12.00

Course Coordinator: Team Leader

Course Coordinator Phone: +61 3 9925 3043

Course Coordinator Email:

Course Coordinator Location: Level 4, B108

Pre-requisite Courses and Assumed Knowledge and Capabilities


Course Description

In this course you will acquire introductory knowledge and skills to accounting. This will include the abilities required to process, record and prepare the financial records up to and including the trial balance, balance day adjustments and closing of the accounts for a sole trading entity.

Objectives/Learning Outcomes/Capability Development

See Learning Outcomes.

Course Learning Outcomes

Upon successful completion of this course, you will be able to:

  1. Research and explain basic accounting concepts and the elements of an accounting system.
  2. Organise and classify financial data.
  3. Apply basic accounting concepts including double-entry bookkeeping, subsidiary ledgers, inventory, trial balance and end of year closing of the ledger and reversals.
  4. Prepare fundamental manual accounts for small businesses.

Program Learning Outcomes

In this course you will develop the following program learning outcomes:

  1. Explain and apply foundation knowledge in one or more academic disciplines.
  2. Demonstrate familiarity and capability in study skills for an Australian university environment.
  3. Apply introductory level research skills.

Overview of Learning Activities

Your learning will occur through a variety of experiences including face to face teaching, internet and text research, using online resources, in class discussions, group work and individual problem solving exercises.

Overview of Learning Resources

RMIT will provide you with the resources and tools for learning in this course through our online systems. Materials will be supplied throughout the semester including topic outlines, useful web links such as the RMIT Learning Lab and assessment preparation information. A text book will also be recommended.

The University Library has extensive resources for students. The Library has produced a number of subject guides that includes quality online and print resources for your studies

The Library provides guides on academic referencing,, and subject specialist help via your Liaison Librarians.

Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes. Assessment will include:

  • Task 1: In-Class Quiz-Basic Accounting Concepts 20% CLO1, CLO2
  • Task 2: Individual Project – Manual Accounts 30% CL01, CLO2, CLO3, CLO4
  • Task 3: Exam 50% CL01, CLO2, CLO3, CLO4

If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or the Disability Liaison Unit if you would like to find out more.

Your course assessment conforms to RMIT assessment principles, regulations, policies, procedures and instructions which are available for review online: