GSB701 Introductory Accounting
This unit is an introductory unit in financial accounting which focuses on
- the recording of economic transactions in the accounting records;
- the basic financial statements that summarise an entity’s financial transactions;
- accounting for various types of business ownership;
- the fundamental concepts needed to prepare or understand published financial statements.
The objectives of the unit are to give students a thorough preparation for later units in the accounting major and financial skills which can be used immediately.