Course Title: Financial Accountability and Reporting

Part A: Course Overview

Course Title: Financial Accountability and Reporting

Credit Points: 12.00

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, Sem 1 2023, Sem 2 2023, Sem 1 2024
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, Offsh1 23, Offsh3 23, Offsh1 24, Offsh3 24, Offsh1 25
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: Professor Dean Hanlon 

Course Coordinator Phone: +61 3 9925 1459

Course Coordinator Email: dean.hanlon@rmit.edu.au

Course Coordinator Location: Melbourne City Campus

Course Coordinator Availability: Appointment via email

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.