Accounting

BUS160
Introduction to Accounting
Unit Information and Learning Guide (UILG)
TSD, 2015
Unit Coordinator
Dr Terri Trireksani
School of Management & Governance
Murdoch University
South Street Campus, Building 512, Room 2.038
Tel: 9360 2481
Fax: 9310 5004
E-mail: T.Trireksani@murdoch.edu.au

© Published by Murdoch University, Perth, Western Australia, 2015.
Written by Terri Trireksani, 2015
This publication is copyright. Except as permitted by the Copyright Act no part of it may in any form
or by any electronic, mechanical, photocopying, recording or any other means be reproduced, stored
in a retrieval system or be broadcast or transmitted without the prior written permission of the
publisher.

BUS160 Introduction to Accounting-TT Page 1
CONTENTS
UNIT INFORMATION
Section Page
ONE Overview of the unit 3
TWO Resources for the unit 9
THREE Assessment 10
LEARNING GUIDE
Page
INTRODUCTION 14
Session 1 Introduction to Accounting, Business Sustainability, Ethics 15
and Corporate Governance
Session 2 Business Structures and Business Transactions 16
Session 3 Balance Sheet 17
Session 4 Income Statement & Statement of Changes in Equity 18
Session 5 Basic Techniques for Measurement of Accounts Receivable and
Inventory; Introduction to the Statement of Cash Flows 19
Session 6 In-Term Test 1 20
Session 7 Analysis and Interpretation of Financial Statements 21
Session 8 Budgeting 22
Session 9 Cost-Volume-Profit Analysis 23
Session 10 In-Term Test 2 24
Session 11 Costing and Pricing in an Entity 25
Session 12 Unit Review & Exam Preparation 26

BUS160 Introduction to Accounting-TT
Page 2
BUS160
Unit Information
This information should be read in conjunction with the
online learning materials which can be found on your MyUnits page.

Page 3
ONE
Overview of the Unit
Unit description
Welcome to BUS160 - Introduction to Accounting
This unit provides an introduction and broad overview of fundamental financial and
management accounting concepts. The unit is suitable for anyone undertaking a
commerce/business degree as well as anyone interested in the world of business as it
introduces students to concepts and practices necessary for a basic understanding of
business reports. The topics addressed in financial accounting include the accounting
equation, cash vs. accrual accounting, Australian Accounting Standards, and financial
statement analysis. Management accounting topics include an introduction to budgeting,
CVP analysis and costing & pricing.
Introduction to Accounting is an introductory unit; it is designed to provide a broad
presentation of the discipline of accounting. The unit focuses on the use of accounting
information rather than its preparation. You will develop skills in managing information
and problem-solving, as well as critical thinking.
Prerequisites
NIL
Aims and Learning Outcomes
Unit aims
The broad aims of this unit are:
1. To provide insight into the role of accounting information for planning, control and
decision making in a business entity,
2. To develop skills to prepare and interpret financial statements for the purposes of
making informed decisions,
3. To provide students with an overview of some of the contemporary issues in
accounting in business entities as well as accounting as a profession,

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Learning Outcomes
On successful completion of the unit you should be able to:
1. Demonstrate a basic understanding of the accounting environment, conceptual framework,
business sustainability, ethics and corporate governance
2. Understand the nature of accounting information
3. Show an understanding of accounting vocabulary, principles and concepts applied in financial
statements
4. Analyse business transactions and prepare simple Balance Sheet and Income Statement
5. Understand the basic techniques for measurement of accounts receivable, inventory and non-
current assets.
6. Understand the relationship of Balance Sheet, Income Statement and the Statement of Cash
Flows
7. Analyse and interpret financial statements to assess its liquidity, profitability, solvency and
capital structure as well as understanding some of the issues facing the readers of financial
statements
8. Understand the use of budgeting as a tool for management planning and control
9. Explain how cost information can be used as an effective management tool, and apply a variety
of techniques for short and long term business decisions
10. Develop the skills to apply accounting information in management planning and control
processes.
Graduate Attributes
This unit will contribute to the development of the following Graduate Attributes:
(http://our.murdoch.edu.au/Educational-Development/Preparing-to-teach/Graduate-
attributes/)
 Communication
 Critical and creative thinking
 Social interaction
 Independent and lifelong learning
 Ethics
Generic skills are required by the Accounting Professional Associations. These attributes are:
Cognitive Skills:
Routine Skills
Analytic/Design Skills
Appreciative Skills
Behavioural Skills:
Personal Skills
Interpersonal Skills
Unit Coordinator
Dr. Terri Trireksani
Email: T.Trireksani@murdoch.edu.au
Office: MU-SMG, South Street Campus, Building 512, Room 2.038

Page 5
Administrative Contact
If your unit coordinator is unavailable, please contact the School of Management & Governance office
via email or ph. 9360 2705.
Student consultation
Consultation at the first instance should be done with the local affiliate lecturer/tutors. The unit
coordinator is also available for further student consultation. The best way is to communicate via
email.
Online discussion on LMS is provided for communication especially among students enrolled in the
unit. Unit coordinator will visit the discussion forum only intermittently, therefore if you have any
particular questions about the unit or any other relevant issues to be discussed with the unit
coordinator or academic staff, the most effective way is to send them an email.
Email Protocol
When using email to communicate with your tutor or unit coordinator, please always make sure that
your message contains the following:
1. A subject that contains the unit code.
Your unit coordinator/tutor receive lots of emails a day, and may also teach more than one
unit, so it will be a long process to place your message in context if your email does not contain
the nature of the subject and the unit code; it may take longer to respond to or may well
remain unanswered.
2. At the end of your email, insert your full name and student number.
3. The unit offering you are in - Dubai.
While unit coordinator/tutor cannot be available on line all day, in normal circumstance you will get
a reply within 2 working days.
Tutor
You will be notified of your tutor at the beginning of the unit.
Please write your tutor’s name and email address here _____________________________________________
How to Study the Unit
Learning Activities
The following are some steps you should complete each week:
 Read the required readings from the textbook, download the lecture slides and other materials
posted on LMS before attending every lecture
 Review the lecture
 Work through the examples after the lecture
 Prepare solutions for the tutorial questions

Page 6
 Attend the tutorial and ask questions about concepts or techniques you have not fully
understood
 Review the tutorial solutions
The basic weekly learning activities consist of a two-session lecture and a one-session tutorial as
follows (1 session = 50 minutes):
The basic weekly learning activities consist of a two-session lecture and a one-session tutorial as
follows:
Lectures
The lecture is held on __________________________________
The lectures will cover the materials for the topic as listed on the unit timetable and detailed on the
learning guide of this booklet. It is highly suggested that before attending each lecture, you prepare
yourself with the prescribed reading materials and the lecture discussions. This is to maximise the
value of the teaching and learning process – familiarity with the topic will highly increase your
ability to understand and apply new concepts.
Lectures are recorded and are available on LMS. Lecture slides, handouts (where applicable), and
notices will be made available through the LMS system. Questions discussed during lectures will also
be included in the Lecture Slides where applicable. Some additional questions and discussions may
be added during the lectures, these may not be provided in print separately on LMS; students can
review them through the lecture recordings.
Tutorials
You should know your tutorial times and venue from your on-line enrolment. Please be aware that
tutorials commence in Week 2.
Tutorials are an important part of learning experience in BUS160 Introduction to Accounting.
Tutorials cover a large part of the practical aspects of this unit and as accounting is a practical
discipline, a lot of concepts in accounting are easier to digest with application practices.
A tutorial is also the occasion for students to interact with each other and a faculty member. It is the
opportunity to gain feedback, ask questions, and discuss topics relevant to the course.
Tutorial questions are taken from the textbook. Additional materials (where applicable) will be
posted on LMS.
Time Commitment
The unit is a three credit point unit and an average student workload to be reasonably successful
would require 150 hours for the term.
The lecture/workshop sessions account for 36 hours. Therefore the average student would need to
commit to is a further 114 hours in pre reading; preparation for workshops; assignment; review and
revision.

Page 7
It is extremely important that you complete ALL the necessary work for this unit. Given the time
constraints and the amount of work that will be covered in the time available, there is a substantial
amount of work that you will have to complete outside of the formal contact hours for this unit.
Attendance Requirements
Lectures Attendance
Attendance at all classes at university is recommended but not compulsory. This unit forms part of
your professional education; therefore, it is to your benefit to attend all lectures and tutorials.
The unit coordinator/lecturer is happy to discuss issues with you and to clarify points made in class.
Please make the necessary effort to understand the point first by reading the prescribed readings
and other materials, so the discussion will be a two way discussion.
If you are unable to attend a lecture or series of lectures for any reason, it is strongly recommended
that you discuss this with the lecturer or unit coordinator as early as possible to ensure that you
have not been disadvantaged.
Tutorials Attendance
You are required to attend all tutorials and to have attempted each assigned tutorial work to be able
to actively participate in the tutorial discussions and gain optimal benefit from attending the
tutorials. Students who have not attempted the set work are not encouraged to attend tutorial
classes.
Small group and interactive teaching and learning activities
Lectures and Tutorials
During lectures students are encourage to ask questions, make comments and contribute to the
process of teaching and learning. The tutorial activity is the occasion for students to interact with
each other and a faculty member (tutor). It is the opportunity to gain feedback, ask questions, and
discuss topics relevant to the course. Students are expected to have attempted all workshop work
and attend all workshops. Students who have not attempted the set work are not encouraged to
attend classes.
Study Schedule – next page

Page 8
Study Schedule
Session Lecture Topic Topic
No.
Activities
1. Introduction to Accounting , Business Sustainability
,Ethics & Corporate Governance
One
2. Business Structures ,Business Transactions-
Accounting Equation and Worksheet
Two Tutorial (topic one)
3. Balance Sheet – Nature, Presentation and
Measurement
Three Tutorial (topic two)
4. Income Statement & Statement of Changes in Equity–
Accrual Accounting, Recognition Principle,
Classification and Relationship with other Financial
Statements
End of Week-4 Diagnostic Test – LMS Online
Four Tutorial (topic three)
5. Basic techniques for measurement of accounts
receivable, inventory and non-current assets
The Statement of Cash Flows- an introduction
Five Tutorial (topic four)
6. In-Term Test 1 In-Term Test 1(Topics 1-4).
Tutorial (topic five)
7. Analysis and Interpretation of Financial Statements Six Tutorial (In-Term Test 1
discussion)
8. Budgeting Seven Tutorial (topic six)
9. Cost-Volume-Profit Analysis Eight Tutorial (topic seven)
10. In-Term Test 2 In-Term Test 2 (Topics 5-7).
Tutorial (topic eight)
11. Costing and Pricing in an Entity Nine Tutorial (In-Term Test 2
discussion)
12. Unit Review & Exam Guidelines Tutorial (topic nine)
Final Exam

Page 9
TWO
Resources for the unit
Essential
Textbook
Birt, J. et al. 2014. Accounting – Business Reporting for Decision Making. 5th
edition, Wiley.
ISBN 9780730315483 -Packaged together with the iStudy- interactive
modules to enhance your understanding of key concepts OR
ISBN 9781118624180 - The above textbook (only)
Note: Electronic version of the textbook is also available from the publisher.
Other
References
Online
Resources
A number of different textbooks are held in the reserve section of the
library, these include:
Contemporary Accounting / Bazley,M., Hancock, P
Accounting : Information for Decisions / Roger Juchau et al.
Accounting: an introduction / Peter Atrill et al.
Accounting in Australia / John Hoggett et al.
Accounting : What the Numbers Mean / Marshall et al.
Please note that some of those textbooks use the traditional accounting
language that is not use in this unit, such as journals, ledgers and debits and
credits. Reference to these textbooks in the early stage of this course may
cause you some confusion.
Useful Websites:
Chartered Accountants Australia: www.charteredaccountants.com.au/
CPA Australia: www.cpaaustralia.com.au
Australian Securities and Investments Commission: www.asic.gov.au
IFRS Foundation: www.ifrs.org/Home.htm

Page 10
THREE
Assessment
Assessment components
You will be assessed on the basis of:
Activities Description Value Due Date Learning
Outcomes
Diagnostic Test
LMS-Online. Topics: 2 and 3
Multiple Choice Questions
_
End of Week 4 2,3.
Participation
/preparation
Preparation and active
participation in tutorial
discussions
10%
On-going in
tutorials
1,2,3,4,5,6,7,8,9,10.
(progressively)
In-term test 1 In class. Topics: 1-4 30%
Lecture time
Session 6
1,2,3,4.
In-term test 2
In class. Topics: 5-7
20%
Lecture time
Session 10
5,6,7.8.
Final Examination
Topics: 2-9
(All the topics in the unit
excluding topic 1)
40%
Exam periods
2,3,4,5,6,7,8,9,10.
Please feel free to discuss any grades received with the tutor/course coordinator as appropriate.
This would normally be done within five days of the receipt of the grade. You should also be aware of
the University degree regulations and appeals against unit results, these differ from an appeal for a
mid-term test or assignment mark. This information can be found, along with other information, in
the online unit and 2015 University Handbook.
Assessment Details
Diagnostic Test – Online
The online Diagnostic Test will be available online on LMS. It is not a marked test. Students will be
taking the test once (over a range of specified time) by Thursday/Friday of week 4 (details on LMS).

Page 11
The topics covered in this test are part of the topics included as materials for the In-Term Test 1.
This diagnostic test is therefore, intended to give students an indication of their understanding on
the concept of accounting equation and their ability to apply it in recording business transactions
and presenting a Balance Sheet (Statement of Financial Position). The topics will be tested in more
depth in the in-term test 1.
Tutorial Participation (10%)
Attendance at tutorials is essential to consolidate an understanding of the learning material.
Solutions to tutorial questions will be discussed in detail each week in tutorials and students are
encouraged to offer their answers and to participate in determining the correct solution. 10% of the
final grade will be awarded for evidence of tutorial preparation and active participation in
tutorial discussions. Please note there are no marks for attendance only. Your tutor will take notes
of your attendance, participation in class and tutorial work preparation.
Students who miss more than five tutorials throughout the semester can expect to see their tutorial
participation mark adjusted.
If you miss a tutorial because of illness you should inform your tutor as soon as possible. Illness
supported by a medical certificate will normally be the only acceptable reason for any change to the
original arrangements. If you are unable to attend your scheduled tutorial, and as a result attend a
different tutorial in the week, please make the tutor in charge aware of your original tutorial class, so
attendance and participation will be noted and conveyed to your tutor.
If a tutorial day falls on public holiday, the tutorial participation mark for that day will be adjusted
accordingly so it won’t disadvantage the students involved. Unless there is a special arrangement
announced, students are encouraged to attend one of the other tutorials in the week where the
holiday falls in.
In-Term Test 1 (30%)
A closed book test will be held in Session 6 during the lecture period. The test will cover topics 1 to
4, inclusive.
Students who are unwell and unable to sit the exam must provide a medical certificate to the unit
coordinator as soon as they return to campus. With the evidence of a medical certificate, the weight
will then be added onto the final exam component as there are no deferred in-term tests in this unit.
Any other students who fail to attend this exam will have no further opportunity to sit the test and
will have a zero result recorded.
Remember to bring a calculator to the test!

Page 12
In-Term Test 2 (20%)
A closed book test will be held in Session 10 during the lecture period. The test will cover topics 5 to
7, inclusive.
Students who are unwell and unable to sit the exam must provide a medical certificate to the unit
coordinator as soon as they return to campus. With the evidence of a medical certificate, the weight
will then be added onto the final exam component as there are no deferred in-term tests in this unit.
Any other students who fail to attend this exam will have no further opportunity to sit the test and
will have a zero result recorded.
Remember to bring a calculator to the test!
Final Examination (40%)
This will be a two-hour closed book exam. General information about the format of the exam will be
given during the review lecture in Session 12. Any request for a deferred examination must be
lodged with the Examination Officer (exams@murdoch.edu.au) prior to sitting the exam (see
important dates and timetable – MU website).
The University requires that all students sitting end-of-semester examinations (including those held
off-campus) must show their current Murdoch University Student Card or acceptable alternative
forms of identification to facilitate photographic identification.
Students may inspect their marked examination scripts and discuss the marking with the Unit
Coordinator within 14 days of the posting of results.
See the current Murdoch University Assessment Policy & Assessment Procedure for details
Remember to bring a calculator to the Exam!
Determination of the Final Grade
Your final result for the unit will be reported using the letter grades and the overall total mark as the
sum up of all assessment components.
See the University Website re the current Assessment Policy regarding grades.
Students may inspect their marked examination scripts and discuss the marking with the Unit
Coordinator within 14 days of the posting of results.
Administrative information and information about the university facilities and
services - accessible to all students electronically on each online unit at:
http://our.murdoch.edu.au/Educational-technologies/What-you-need-to-know/
End of Unit Information

Page 13
Learning Guide
BUS160

Page 14
Introduction
BUS160 Introduction to Accounting - Learning Guide
This Learning Guide contains topic by topic information including:
 Learning outcomes for each session. Each session will be match to the learning
outcomes as listed in the Unit Information of this booklet.
 Learning objectives for each topic. The learning objectives are listed to help
you to be aware of the extent of the topic coverage you are expected to
comprehend.
 List of required readings. These are the readings you need to prepare prior to
each lecture. Unless otherwise stated, the required readings are taken from the
essential textbook.
 Tutorial questions. The Tutorial questions are to be completed prior to
attending Tutorial. The Tutorial questions will help you in applying the concepts
& theories you have learned and consolidating your learning.
Tutorial questions are taken from the essential textbook prescribed, at the end of
every chapter. These are combinations of Comprehensive Questions (CQs),
Exercises (Es) and Problems (Ps).
Students need to check the online unit regularly for any announcement and
additional materials posted on LMS and download them as necessary. Older
materials will be taken out of LMS periodically.

Page 15
SESSION ONE
Business Sustainability - Ethics &
Corporate Governance
Session 1
Essential reading:
Chapter 1 and 2.
Learning Outcomes: 1, 2, and 3.
Learning Objectives
After studying this section you should be able to:
1. Understand what the term ‘accounting’ means and the role of accounting in the business
environment: users and purposes of accounting information
2. Explain the difference between management accounting and financial accounting
3 Identify the limitations of accounting information
4. Identify the sources and types of regulation that affect the provision of accounting information
in Australia
5. Recognise the influence of accounting standards and other requirements on financial
Reporting
7. Understand the role of the conceptual framework
8. Describe business sustainability and outline its key drivers and principles
9. Understand the importance of ethics in accounting, and business in general
10. Understand the issues related to corporate governance, the role of audit committee
11. Identify the approaches to enforcing corporate governance requirements in Australia
Tutorials start in Week 2

Page 16
SESSION TWO
Business Structures and
Business Transactions
Session 2
Essential reading:
Chapter 3 and 4 (exclude pg.128-132)
Learning Outcomes: 1, 2, 3.
Learning Objectives
1. Describe the main forms of business organisation.
2. Outline the main differences between forms of business organisation
3. Describe the characteristics of business transactions
4. Differentiate between a business transaction, a personal transaction and a business event
5. Describe the characteristics of business transactions
6. Explain and apply the accounting/balance sheet equation on business transactions
7. Analyse and record transactions on a worksheet, and use a worksheet to prepare a simple
statement of financial position/balance sheet.
Lecture Discussion: See Lecture Slides
Tutorial Topic 1 (to be prepared for the first Tutorial in the term which is this week - Week 2)
CQs 1: 9, 14, 18,
Es 1: 21, 22
Ps 1: 38
DME 1: 42
CQs 2: 3, 8. 13, 16
Note: CQs 1:9, 14, 18→ Comprehension questions Chapter 1, no. 9, 14 and 18
Ps 1:35 → Problems Chapter 1, no. 35.
DME 1:42→Decision-making examples Chapter 1, no. 42.

Page 17
SESSION THREE
Balance Sheet
Session 3
Essential reading:
Chapter 5 (exclude pages 183-187)
Learning Outcomes: 3 and 4
Learning objectives
1. Understand the nature and purpose of the balance sheet
2. Understand the concept of assets and liabilities: definition, recognition, measurement and the
classification of current and non-current assets and liabilities
3. Understand the definition and nature of equity
4. Be familiar with the format and presentation of the balance sheet
5. Recognise the limitations of the balance sheet
Lecture Discussions:
Ps 3.27, 29
Tutorial Topic 2
CQs: 3: 6, 7, 8
Ps: 3: 28
CQs 4: 9
Es 4: 16, 19, 21
Ps 4: 30, 33b (omit Balance Sheet requirement)

Page 18
SESSION FOUR
Income Statement & Statement of
Changes in Equity
Session 4
Essential reading:
Chapter 6
Learning Objectives
1. Understand the purpose of the measurement of financial performance and the alternatives
for the presentation of financial performance
2. Understand the concepts and recognition criteria of income, revenue and expenses
3. Explain the concept for recognising business costs as expenses
4. Prepare a simplified income statement
5. Describe the relationship between the income statement, balance sheet, and statement of
changes in equity.
Lecture Discussions:
Es 6:29
Tutorial Topic 3
CQ 5: 5, 6, 10
Es 5: 16, 17
Es:3: 31
Ps 5: 35
Reminder: End of Week-4 Diagnostic Test – Online (see LMS)

Page 19
SESSION FIVE
Basic techniques for measurement
of accounts receivable, inventory &
non-current assets. Statement of
Cash Flows - Introduction
Session 5
Essential reading:
Note: Preparation of the statement of cash flows based on other financial statements and accounting
information is not covered in this unit.
Chapter 5 pages 183-191
Chapter 7 (exclude pages 284 – 298)
Learning Outcomes: 3, 4, 5 and 6
Learning Objectives
1 Apply basic techniques for measurement of:
*Accounts Receivable
*Inventory
* Non-Current Assets
2. Explain the purpose of the statement a cash flows and its relationship to other reports
3. Understand the classification of cash flows in the cash flow statement
4. Analyse the cash flow statement for the purpose of evaluating an entity’s performance
Tutorial Topic 4
CQs 6: 8, 14
Es 6: 19, 24
Ps 6: 41
DMA 6: 45

Page 20
Session Six
In-Term Test 1
In-term test 1 will be held in Session 6 at the usual lecture time. The format and instructions for the
test will be made available closer to the test week. The material to be assessed is lecture topics 1 to 4
(included).
Remember to bring a calculator for the test.
Normal tutorials will operate this week and will discuss questions from topic 5.
In the next week tutorials, test marks will be given out and the test paper will be reviewed. Students
will be able to see their test paper during their tutorials. The paper then will be collected back by the
tutor to be kept by the unit coordinator as specified by the university policy.
Tutorial Topic 5
Ps 5.37; 5.48; 5.49
CQs 7: 5, 6, 7, 8.
Es 7: 36

Page 21
SESSION SEVEN
Analysis and Interpretation of
Financial Statements
Session 8
Essential reading:
Chapter 8
Learning Outcomes: 7
Learning Objectives
1. Understand the nature and purpose of analysing financial statements
2. Recognise the analytical methods of horizontal, trend, vertical and ratio analysis
3. Describe and calculate the ratios that measure: profitability; asset efficiency; liquidity; capital
structure; market performance
4. Use the ratios to assess an entity’s financial performance.
Tutorial
In-Term Test Discussion

Page 22
SESSION EIGHT
Budgeting
Session 9
Essential reading:
Chapter 9
Learning Outcomes: 8, 9, 10
Learning Objectives:
1. Understand the link between strategic planning and budgeting the use of budgeting in
planning and control and
2. Describe the key steps in the budgeting process
3. Explain and use the different types of budgets
4. Outline the components of a master budget
5. Prepare a schedule of receipts from debtors and a cash budget
6. Understand the issues associated with the behavioural aspects of budgeting.
Tutorial Topic 6
CQ 8: 5, 7
Es 8: 19, 30
Ps 8: 37, 44

Page 23
SESSION NINE
Cost-Volume-Profit Analysis
Session 10
Essential reading:
Chapter 10
Learning Objectives
1. Explain the relationship between fixed and variable costs of production
2. Explain the meaning of linear cost function and relevant range of activity
3. Understand the basic of cost-volume-profit analysis
4. Understand the use of break-even chart
5. Explain the concepts of contribution margin in break-even analysis and how it is used in
decision making
6. Analyse make or buy and special order decisions
Tutorial Topic 7
CQs 9:3, 13
Es 9: 20, 30, 36
P 9:51

Page 24
SESSION TEN
In-Term Test 2
In- term test 2 will be held in Session 10 at the usual lecture time. The format and instructions for
the test will be made available closer to the test week. The material to be assessed is lecture topics 5
to 7 (included).
Remember to bring a calculator for the test
Normal tutorials will operate this week and will discuss questions from topic 8.
In the next week tutorials, test marks will be given out and the test paper will be reviewed. Students
will be able to see their test paper during their tutorials. The paper then will be collected back by the
tutor to be kept by the unit coordinator as specified by the university policy.
Tutorial Topic 8
CQs 10: 3, 4
Es 10: 29, 32
Ps 10: 43, 54

Page 25
SESSION ELEVEN
Costing and Pricing in an Entity
Session 11
Essential reading:
Chapter 11
Learning Outcomes: 8, 9 and 10
Learning Objectives
1. Understand uses of cost information
2. Apply the allocation process of indirect costs
3. Calculate full costs of products and services using traditional and Activity Based Costing
approaches
4. Discuss pricing issues for goods and services
Tutorial
In-Term Test Discussion

Page 26
SESSION TWELVE
Unit Review
The final lecture will provide a review of the unit content. The general format of the final exam will
also be discussed.
Tutorial Topic 9
CQs 11: 3, 4
E 11: 21
Ps 11: 29, 30
End of Unit Information and Learning Guide

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