Course Title: Financial Accountability and Reporting

Part A: Course Overview

Course Title: Financial Accountability and Reporting

Credit Points: 12


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT1048

City Campus

Undergraduate

615H Accounting

Distance / Correspondence or Face-to-Face

UGRDFlex16

ACCT1048

City Campus

Undergraduate

615H Accounting

Face-to-Face

Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2011,
Sem 1 2012,
Sem 2 2012,
Sem 1 2013,
Sem 2 2013,
Sem 1 2014,
Sem 2 2014,
Sem 1 2015,
Sem 2 2015,
Spring2015,
Sem 1 2016,
Sem 2 2016,
Sem 1 2017,
Sem 2 2017

ACCT1052

Kolej Metropolitan

Undergraduate

615H Accounting

Face-to-Face

Offsh 3 09,
Offsh 1 10,
Offsh 3 10,
Offsh 1 11

ACCT1054

Singapore Inst of Management

Undergraduate

615H Accounting

Face-to-Face

Offsh 3 09,
Offsh 1 10,
Offsh 3 10,
Offsh 1 11,
Offsh 3 11,
Offsh1 12,
Offsh3 12,
Offsh1 13,
Offsh3 13,
Offsh1 14,
Offsh3 14,
Offsh1 15,
Offsh3 15,
Offsh1 16,
Offsh3 16,
Offsh1 17,
Offsh3 17

ACCT2159

RMIT University Vietnam

Undergraduate

615H Accounting

Face-to-Face

Viet2 2008,
Viet3 2008,
Viet1 2009,
Viet2 2009,
Viet3 2009,
Viet1 2010,
Viet2 2010,
Viet3 2010,
Viet1 2011,
Viet2 2011,
Viet1 2012,
Viet2 2012,
Viet3 2012,
Viet1 2013,
Viet2 2013,
Viet3 2013,
Viet1 2014,
Viet2 2014,
Viet3 2014,
Viet1 2015,
Viet2 2015,
Viet3 2015,
Viet1 2016,
Viet2 2016,
Viet3 2016,
Viet1 2017,
Viet3 2017

ACCT2241

Universitas Pelita Harapan

Undergraduate

615H Accounting

Face-to-Face

Offsh2 16,
Offsh2 17

Course Coordinator: Dr Giulia Leoni

Course Coordinator Phone: +61 3 992551402

Course Coordinator Email: giulia.leoni@rmit.edu.au

Course Coordinator Location: Melbourne City Campus


Pre-requisite Courses and Assumed Knowledge and Capabilities

Assumed Knowledge:

You should have a sound knowledge of both basic and analytical accounting.


Course Description

Financial Accountability and Reporting is a compulsory core unit in the Bachelor of Business (Accountancy) and the Bachelor of Business (Professional Accountancy) degrees.

This course will cover the regulation of financial reporting requirements, and develop your ability to construct, analyse and interpret publicly available financial reports to make informed decisions as an accounting professional and to recognise the implications of accounting in the social and institutional context.

You will explore the key accounting standards and develop skills to interpret and review publicly available financial information such as annual reports.

The knowledge and skills gained in this course can be applied in a variety of business contexts including the preparation and interpretation of accounts and the creation of share portfolios.


Objectives/Learning Outcomes/Capability Development

.


On the successful completion of this program you will be able to:

  1. Apply your knowledge of Australian accounting standards in the preparation of corporate financial reports.
  2. Interpret and apply specific accounting standards to solve a range of accounting issues related to financial reports preparation.
  3. Critically analyse specific accounting issues related to financial accounting regulation and annual reports preparation to identify the social implications of accounting.
  4. Develop knowledge about the appropriate use of accounting standards to accurately apply the most appropriate treatment to different cases and circumstances.
  5. Communicate using appropriate expressions and accounting terms to provide sound support to your judgments about accounting and business issues.


Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.


Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Blackboard. These may include topic notes and slides, a study schedule, assessment details, links to relevant internet information, readings and communication tools to facilitate collaboration with your peers and sharing of information.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20%
Linked CLOs: 1, 2, 4

Assessment Task 2: 30%
Linked CLOs: 1, 2, 3, 4, 5

Final Exam 50%
Linked CLOs: 1, 2, 3, 4, 5

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.