Course Title: Contemporary Financial and Integrated Reporting

Part A: Course Overview

Course Title: Contemporary Financial and Integrated Reporting

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


615H Accounting


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,
Sem 1 2021,
Sem 2 2021


City Campus


665H Accounting, Information Systems and Supply Chain


Sem 1 2022,
Sem 2 2022,
Sem 1 2023,
Sem 2 2023,
Sem 1 2024


Open Learning Australia

Non Award

615H Accounting

Distance / Correspondence


Course Coordinator: Dr Sonia Magdziarz

Course Coordinator Phone: +61 3 9925 1554

Course Coordinator Email:

Course Coordinator Location: Melbourne

Course Coordinator Availability: By appointment

Pre-requisite Courses and Assumed Knowledge and Capabilities


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


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

CLO1: Interpret and apply selected International Financial Reporting Standards issued by the International Accounting Standards Board to prepare financial statements.

CLO2: Contribute to the preparation of general purpose financial statements including the exercise of professional judgement.

CLO3: Critically examine, interpret and assess the impact of current changes in financial reporting requirements in Australian and international contexts.

CLO4: Compare and contrast the Australian accounting regulatory environment with accounting environments of other countries.

CLO5: Apply the underlying concepts, objectives and reporting requirements relevant to a corporate accountant in the preparation and analysis of financial statements and related disclosure.

CLO6: Prepare business information in written form in the financial reporting context individually, or in teams.

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: Individual Research Article Review Assignment 25% 
Linked CLOs: 3, 6


Assessment Task 2: Case Study Group Report 25%
Linked CLOs: 1, 3, 4, 5, 6


Assessment Task 3: In-class Activities (Individual) 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.