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Financial Accounting 1
UndergraduateUSA-ACCT10122025
Course information for 2025 intake View information for 2024 course intake
An introduction to the fundamentals of corporate financial accounting. You’ll cover basic standards and processes relevant to this specific branch of accounting. Explore methods for recording business transactions—using software and manual techniques.
Enrol today with instant approval and no entry requirements
- Study method
- 100% online
- Assessments
- 100% online
- Enrol by
- 5 Jan 2025
- Entry requirements
- No ATAR needed, No prior study
- Duration
- 10 weeks
- Price from
- $2,300
- Upfront cost
- $0
- Loan available
- FEE-HELP available
Financial Accounting 1
About this subject
By the end of this 10-week course, you’ll be able to:
- Discuss from an introductory perspective the theoretical, conceptual and ethical environments in the practice of financial accounting.
- Apply Accounting Standards to the basic practice of corporate financial accounting.
- Implement an integrated knowledge of the financial accounting process and recognise the procedures required for both manual and computer based accounting systems.
- Apply fundamental financial accounting practice to a variety of basic issues confronted by accountants.
- Analyse and interpret financial accounting information from a management and user perspective.
- Demonstrate Business Enterprise Skills in the context of the Accounting discipline: i) Teamwork (foundation level); ii) International Perspective (foundation level); and iii) Oral Communication (foundation level).
- Accounting Frameworks
- Account Control
- Acquisition of Non-current Assets
- Depreciation
- Accounting for Inventories
- Accounting for Receivables
- Cash Management
- Funding Alternatives
This course aims to provide the foundational framework of financial accounting, so that a you can progress to a major study of the discipline by ensuring you have an integrated understanding of fundamental accounting systems and the accounting cycle and the ability to analyse and interpret accounting information. You will experience and apply a variety of accounting processes influenced by the accounting standards and conceptual framework and be exposed to some of the fundamental theoretical and conceptual issues surrounding the practice of financial accounting.
Confirmation and expansion of the knowledge pertaining to the complete accounting cycle with emphasis on double entry accounting systems as applied to manual and computerised formats; an introduction to the financial reporting environment including an exposure to various accounting standards used in financial accounting and their impact on different entities; an introductory investigation of the practical, theoretical and ethical issues underlying the application of accounting processes with particular reference to the acquisition, depreciation and disposal of non-current assets, inventories, accounts receivable, cash and funding alternatives; analysis and interpretation of financial statements and cash flows.
UniSA Online’s 10-week short courses give you the flexibility to upskill in a certain area, stay current with developments in your field, diversify your knowledge, or even explore a new direction in your career – without having to commit to the time and cost of a full university degree.
This is a first-year course from UniSA Online’s Bachelor of Accounting degree. When studying this course as a "single subject", prior knowledge from ACCT 1011 or equivalent will support your success.
Delivered 100% online, you’ll be able to study where and when it suits you. Access online academic and student support seven days a week, fit study around work and life commitments, view learning resources 24/7, and log in to the interactive online environment anywhere, any time and on any device. Should your course have an exam it will be scheduled for Australian Central Standard Time or Australian Central Daylight Time, depending on the time of the year.
- Multiple (Case Study x 2, Presentation) (50%)
- Examination (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
No entry requirements
Additional requirements
- Other requirements - Students must be aged 17 or older by the time teaching commences for their course of study, in accordance with UniSA’s Selection and entry to programs policy.
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
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Most single subjects are part of a full degree. That means if you’re keen to keep learning, you can gain credit for the subjects you’ve successfully completed.
Single subject FAQs
What’s a single subject?
Single subjects are the individual components that make up a degree. With Open Universities Australia, you’re able to study many of them as stand-alone subjects, including postgraduate single subjects, without having to commit to a degree.
Each of your subjects will be held over the course of a study term, and they’ll usually require 10 to 12 hours of study each week. Subjects are identified by a title and a code, for example, Developmental Psychology, PSY20007.
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If that degree allows entry via undergraduate subjects, there will be information about this under the Entry Requirements section. You will find a list of 2-4 open enrolment subjects you need to successfully complete to qualify for admission into that qualification.
Once you pass those subjects, you will satisfy the academic requirements for the degree, and you can apply for entry.
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