Course Title: Contemporary Financial and Integrated Reporting

Part A: Course Overview

Course Title: Contemporary Financial and Integrated Reporting

Credit Points: 12.00

Important Information:

 The assessment for this course will change for all offerings in 2019

 


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT1110

City Campus

Postgraduate

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,
Sem 1 2016,
Sem 2 2016,
Sem 1 2017,
Sem 1 2018,
Sem 2 2018,
Sem 1 2019,
Sem 2 2019,
Sem 1 2020,
Sem 2 2020

ACCT2178

Open Learning Australia

Non Award

615H Accounting

Distance / Correspondence

OUAS2PG20

Course Coordinator: Peter Keet

Course Coordinator Phone: +61 3 9925 1306

Course Coordinator Email: peter.keet@rmit.edu.au

Course Coordinator Location: Building 80, level 11


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

The course aims to provide you with an understanding of the regulation of financial reporting by Australian entities, an understanding of the conceptual framework for financial reporting, and grounding in the requirements of key accounting standards which affect financial reporting by virtually all Australian business entities.
In this course you will explore International Financial Reporting Standards, Integrated Reporting Framework issued by the International Integrated Reporting Council, research papers and accounting literature. All topics and financial reports used in this course are designed to provide an authentic learning experiences and sourced from Industry.


Objectives/Learning Outcomes/Capability Development

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

  1. Interpret and apply selected International Financial Reporting Standards issued by the International Accounting Standards Board to prepare financial statements.
  2. Contribute to the preparation of general purpose financial statements including the exercise of professional judgement.
  3. Critically examine, interpret and assess the impact of current changes in financial reporting requirements in Australian and international contexts.
  4. Compare and contrast the Australian accounting regulatory environment with accounting environments of other countries.
  5. Demonstrate technical competence by applying the underlying concepts, objectives and reporting requirements relevant to a corporate accountant.
  6. Effectively communicate business information in the financial reporting context, both in verbal and written form.


Overview of Learning Activities

Learning and teaching will be based around the International Financial Reporting Standards (IFRS) Framework. Your learning will occur through a variety of experiences which may include lectures, classroom activities, demonstrations and /or laboratory workshops. You may be required to critique research articles and Standard setting process, which will expose you to current issues and the development of the accounting profession.


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: 15% 
Linked CLOs: 3, 6

 

Assessment Task 2: 35%
Linked CLOs: 1, 3, 4, 5, 6

 

Assessment Task 3: 50%
Linked CLOs: 1, 2, 4, 5, 6


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.