Financial And Commercial Literacy
Testimonials
Aleksandra Shcherbakova
Master of Management
“I have met some truly impressive talents and kind personalities among our lecturers."
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Master of Management
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Wiranpatchara (Sandy) Wongchanapai
Master of International Business
"Whilst studying at ICMS, I was able to have a strong work/study life balance".
Cameron Colvin
Bachelor of Business (Marketing)
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Taylor McLeod
Bachelor of Business (Sports Management)
“The small, intimate environment in my lectures makes me feel like I am being heard and that I am getting the most out of my studies."
Julie Williams
Bachelor of Business (Fashion and Global Brand Management)
"I chose ICMS because they have provided me with the opportunity to kickstart my career through their many industry partners".
Keegan Du Preez
Bachelor of Business Management (Accounting)
"ICMS is realistic. They understand the realistic expectations of various markets. It’s not just textbook knowledge, especially compared to every other competitor".
Michaela Mayes
Bachelor of Business (Marketing)
"ICMS' Work Integrated Learning gave me the ability to gain real life experience before I even graduated".
Alana Williams
Bachelor of Business (Accounting)
“I worked full time whilst studying, with ICMS allowing for such a great work to study ratio and balance, where I was flexibly allowed to do both.”
Juliette Wilson
Bachelor of Business (Marketing)
"I think the biggest thing is that you get a personalised experience, and you’ll be treated like a person, not a number".
Calum McKnight
Bachelor of Business (Marketing)
“Very quickly, ICMS gave me a circle of friends who are pretty driven – but who also like to have fun – and when I see where they are now it’s pretty exciting and it drives me further.”
Ewan Metcalfe
Bachelor of Business (Sports Management)
"Through being at this college and the geographical location, it always reminded me to stay grounded, keep working hard to further improve my life and stay happy".
This subject is available under ICMS undergraduate degrees, please click the button below to find an undergraduate course for you.
Subject Code:
ACC101A
Subject Aim:
This subject is designed to provide an introduction to accounting for first-year students from a wide range of disciplines. While a general overview of accounting principles relating to the preparation of financial and managerial reports will be presented, the primary focus is to show how accounting information is used by a variety of stakeholders in planning, controlling and investing decisions.
The interrelation of management accounting to other functional areas, including suppliers, customers and other sources of external information relevant to planning and control are examined.
Learning Outcomes:
a) Identify the terminology and concepts that underlie the preparation of general-purpose financial statements
b) Analyse and interpret financial statements to support business decision making
c) Explain the information needs of management
d) Understand and prepare various components of budgets
e) Differentiate between various business structures, their advantages, disadvantages and appropriateness to specific business scenarios
Student Assessment:
| No | Type | Weighting | Learning Outcomes |
| 1 | Online Quiz (Invigilated) | 15% | a,c |
| 2 | Financial Statement Analysis (I) | 30% | b,c |
| 3 | Case Study (G) Part A Written Submission Part B Presentation | 30% | a,c,d |
| 4 | Online Quiz (Invigilated) | 25% | b,d,e |