1a.

The course has challenged my prior understanding of accounting information and has influenced me to combine various types of accounting information to obtain or acquire conclusions. The accounting examples and questions that were delivered in ZBUS8108 were challenging and as the subject progressed it not only identified accounting anomalies, but it delved into financial origins and causes.

To elaborate, upon commencing the course I went through a stage of basic understanding and confirmation of accounting processes, however, as the course progressed it increased in complexity which resulted in an increased understanding of the subject.
The subject progressed from the understanding of what expense and assets are then having to report on the said financial information, namely the income or balance sheet statements, then progressing on to linking and utilising the information to develop and the reporting of accounting conclusions.
This was highlighted in assignment one and specifically assignment three, when analysing the accounting …show more content…
This is significant to many different users as it will provide this information required to make investment decisions and where funds need to be spent to improve the efficiency of an organisation. In the course, there was the analysis of accounting information to a board member of an organisation, the significance of the information was how the organisation would utilise their resources efficiently and were they making a profit for the shareholders. Whereas potential investors are still interested in the profits of the organisation, but have a greater emphasis on the security of the investment. This course has stressed that different users use the accounting information for different reasons, demonstrating the significance of having the ability to effectively interpret the information to draw out the information