208-120 Accounting for Rural Enterprises

This subject introduces the concepts of recognition, capture and recording of transactions using double entry accounting and presentation of such information in financial statements with particular emphasis on transactions relevant to rural and regional businesses.

Topics include: decision making and the role of accounting and financial reports; the use of basic accounting concepts to capture and record information in the accounting system; the use of journals; ledgers and control accounts (cash, receivables, inventories and livestock, non-current assets); summarising a reporting information in financial statements; basic partnership accounting and an introduction to accounting software packages.

A 3-hour end-of-semester examination (50%), a 1.5-hour mid-semester written test (25%) and assessment of tutorial problem sheets (25%, equivalent to total of 2500 words).