Course Title: Property Accounting

Part A: Course Overview

Course Title: Property Accounting

Credit Points: 12


Course Code




Learning Mode

Teaching Period(s)


City Campus


325H Property, Construction & Project Management


Sem 1 2011,
Sem 1 2012,
Sem 1 2013,
Sem 1 2014,
Sem 1 2015,
Sem 1 2016,
Sem 1 2017,
Sem 1 2018,
Sem 1 2019

Course Coordinator: Wejendra Reddy

Course Coordinator Phone: +61 3 9925 1740

Course Coordinator Email:

Course Coordinator Location: 8.8.58

Pre-requisite Courses and Assumed Knowledge and Capabilities


Course Description

This course will develop your understanding of financial statements and their financial application to property. You will examine different types and styles of property accounts and construct a basic property accounting report with the implication and inclusion of different taxation charges.
Specifically you will study the following topics
• Introductory accounting processes
• Financial statements
• Financial Ratio analysis
• Capital investment and management
• Introductory property taxation.

Objectives/Learning Outcomes/Capability Development

This course will develop the following program learning outcomes:
1 Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study
3 Apply logical, critical and creative thinking to analyse, synthesise and apply theoretical knowledge, and technical skills, to formulate evidenced based solutions to industry problems or issues
5 Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives

Upon successful completion of this course you will be able to:
• Utilise accounting processes and apply these to property decision making
• Evaluate property accountancy reports and detail their business application
• Produce an accounting report which aligns with defined property industry standards
• Describe and identity the components of the Australian taxation system
• Analyse the implications of the Australian taxation system for the property industry

Overview of Learning Activities

Key concepts and their applications will be explained in lectures followed by practical applications in tutorials

Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems. A textbook is used for this course along with lecture materials and supplementary readings

Overview of Assessment

The learning outcomes detailed above will be assessed in this course.
You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes.
Feedback will be given on all assessment tasks.

Your understanding of property accounting will be further developed through class activities and individual and group assignments which will include a focus on the arithmetic skills required to work within the property sector.
The assessment tasks may include, but are not limited to short essays, reports, individual and group assignments, class tests, and exam.

If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or the Disability Liaison Unit if you would like to find out more.
A student charter summarises your responsibilities as an RMIT student as well as those of your teachers.

Your course assessment conforms to RMIT assessment principles, regulations, policies, procedures and instructions which are available for review online: