Course Title: Financial Accountability and Reporting

Part A: Course Overview

Course Title: Financial Accountability and Reporting

Credit Points: 12.00

Important Information:

Please note that this course may have compulsory in-person attendance requirements for some teaching activities. 

To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption. 

Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209

Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus 

Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance. 


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 2018,
Sem 2 2018,
Sem 1 2019,
Sem 2 2019,
Sem 1 2020,
Sem 2 2020,
Sem 1 2021,
Sem 2 2021

ACCT1048

City Campus

Undergraduate

665H Accounting, Information Systems and Supply Chain

Face-to-Face

Sem 1 2022,
Sem 2 2022

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,
Offsh3 18,
Offsh1 19,
Offsh3 19,
Offsh1 20,
Offsh3 20,
Offsh1 21,
Offsh3 21

ACCT1054

Singapore Inst of Management

Undergraduate

665H Accounting, Information Systems and Supply Chain

Face-to-Face

Offsh3 22

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

ACCT2241

Universitas Pelita Harapan

Undergraduate

615H Accounting

Face-to-Face

Offsh2 16

Flexible Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT1048

City Campus

Undergraduate

615H Accounting

Face-to-Face

UGRDFlex18 (ZZZZ)

ACCT1048

City Campus

Undergraduate

615H Accounting

Face-to-Face

UGRDFx2019 (All)

ACCT2241

Universitas Pelita Harapan

Undergraduate

615H Accounting

Face-to-Face

OFFSe12018 (All)

Course Coordinator: Dr Lan Anh Nguyen

Course Coordinator Phone: +61 3 992 55229

Course Coordinator Email: lan.nguyen@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.

This course includes a Work Integrated Learning (WIL) experience in which your knowledge and skills will be applied and assessed in a real or simulated workplace context and where feedback from industry and/or community is integral to your experience.


Objectives/Learning Outcomes/Capability Development

.


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

CLO1: Interpret, correctly assess & apply Australian accounting standards when solving a range of accounting issues during the preparation of corporate financial reports.

CLO2: Evaluate and accurately apply the most appropriate Accounting Standard to different cases and circumstances.

CLO3: Communicate to professionals using appropriate expressions and accounting terms in a complex context.

CLO4: Critically analyze specific accounting issues related to financial accounting regulation and the preparation of annual reports.

CLO5: Transform technical accounting data into well-presented accounting solutions and recommendations.


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\Canvas. The lecture notes and workshop notes are posted on Canvas.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

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: 30% 
Linked CLOs: 1, 2, 3, 5

Assessment Task 2: 20% 
Linked CLOs: 1, 2, 3, 5

Assessment Task 3: 50% (WIL)
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.