Accounting and Financial Management IB
Area of Study
Accounting, Business, Business Administration, Business Management, Entrepreneurial Management, Finance, Financial Management, Management Science
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewDuring Summer Term, this course is available as General Education to students from faculties outside the Australian School of Business.All students taking this course during Summer Term will be required to pay full tuition fees. This includes Commonwealth supported students who are studying at UNSW. Please see Australian School of Business courses - Summer Term fees for more information.Taken together, the accounting course in the compulsory core and this accounting course form an integrated study program designed to give students an understanding of the way in which financial information is generated and used, and to provide an appropriate platform for further study in accounting. On completion the first year accounting courses seek to develop: technical competence in recording economic events in the accounting system; a critical understanding of key technical terms and concepts so as to interpret accounting information and reports in the financial press; an ability to argue a reasoned position on key questions of accounting theory and practice; and familiarity with institutional structures that affect the practice of accounting. Topics covered in this course will include accounting for the major transactions cycles, cash, receivables, inventory, non-current assets and liabilities, cash flow statements, accounting policy choice, further detail on management accounting (including costing systems and budgeting), corporate governance, and professional ethics.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.