In Progress
Please note that this Unit Profile is still in progress. The content below is subject to change.Overview
This unit provides a comprehensive introduction to the foundational principles of accounting and economics, specifically designed for students pursuing careers in business. It combines both fields to equip you with the necessary skills to analyse and interpret financial information and make informed decisions in a dynamic business environment. You will gain a solid understanding of the ways accounting and economics interact to inform business decisions and public policy.
Details
Pre-requisites or Co-requisites
ACCT11059 - Anti-requisite
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 1 - 2026
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a pass/fail (non-graded) unit. To pass the unit, you must pass all of the individual assessment tasks shown in the table above.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure - Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure - International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback - Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
- Explain the foundational financial literacy concepts within the contemporary business environment, including regulatory, social, and ethical considerations
- Record, summarise, and present basic business transactions, and prepare the primary financial statements such as income statement, balance sheet, and cash flow statement to reflect organisational performance and financial position
- Interpret and evaluate financial statements using key analytical tools, and assess how macroeconomic indicators such as inflation, interest rates, and GDP impact financial decision-making by internal and external stakeholders
- Apply budgeting, costing, and investment appraisal techniques to support financial planning and control, and analyse the impact of different market structures
- Compare and assess various sources of business finance, considering cost, risk, and suitability, and explain the role of individuals and businesses in diverse economic environments shaped by regulatory frameworks and market dynamics.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Group Work - 0% | |||||
| 2 - Case Study - 0% | |||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Communication | |||||
| 2 - Problem Solving | |||||
| 3 - Critical Thinking | |||||
| 4 - Information Literacy | |||||
| 5 - Team Work | |||||
| 6 - Information Technology Competence | |||||
| 7 - Cross Cultural Competence | |||||
| 8 - Ethical practice | |||||
| 9 - Social Innovation | |||||
| 10 - Aboriginal and Torres Strait Islander Cultures | |||||