ACOM / Study / Units / P8106C Accounting for Not for Profits

P8106C Accounting for Not for Profits

This unit will enable the student to understand and apply the foundational accounting principles required for financial reporting for a non-profit religious organisation in Australia.
Unit Overview

Qualification

Graduate

Unit Availability

Trimester 2 2025

Study Mode

No Facilitation, Online Facilitation

Placement

30 hours of vocational placement

Prerequisite

N/A

Corequisite

N/A

Notes

N/A

Schedule
Availability Facilitation Type Time Dates Facilitator
Trimester 2 2025 Online Facilitation 7pm – 9pm
(AEDT)
Monday 26 May
Monday 2 June
Monday 9 June
Monday 16 June
Monday 23 June
Monday 30 June
Monday 7 July
Monday 14 July
Monday 21 July
Monday 28 July
Cathy Kleemann

Unit Details

This unit will enable the student to understand and apply the foundational accounting principles required for financial reporting for a non-profit religious organisation in Australia.

At the end of this unit students will be able to:

  1. Give an account of the environment of accounting generally and within the non-profit religious sector in Australia (e.g., a local church, denomination, hospital, welfare agency, advocacy group, school etc.).
  2. Explain the application and requirements of the accounting framework including the Australian Accounting Standards and Auditing Standards.
  3. Reflect personally on how God works effectively through those with the gift of administration.
  4. Prepare, analyse and interpret financial statements applicable to a small to medium non-profit religious organisation in Australia (Balance Sheet, Income and Expenditure Statement and Statement of Cash Flows).
  5. Apply the use of administrative data to effectively pursue mission and ministry.
  1. Stewarding the gift of administration
  2. Introduction to the accounting system
  3. Understanding the Standards
  4. Debits, Credits and the Accounting Equation
  5. Understanding a Balance Sheet
  6. Understanding an Income and Expenses Statement
  7. Understanding a Statement of Cash Flow
  8. Preparing the Trial Balance and Accounts
  9. Analysing and interpreting financial reports
  10. God’s mission through administrative gifts
  1. Reflection (20%)
    Word Limit: 1200
    Due: Week 4
  2. Online Quiz (20%)
    Time: 1 hour
    Due: Week 6
  3. Open Book Exam (20%)
    Time: 2 hours
    Due: Week 8
  4. Analysis (40%)
    Word Limit: 2400
    Due: Week 12
  • Atrill, Peter, E. J. McLaney, and David Harvey. Atrill’s Accounting For Business Students. Melbourne: Pearson Australia, 2018.

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Lachie Ashworth – Bachelor of Ministry

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