Course Title: Financial Reporting

Part A: Course Overview

Course Title: Financial Reporting

Credit Points: 12


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BUIL1130

City Campus

Undergraduate

325H Property, Constr & Proj Mgt

Face-to-Face

Sem 1 2006,
Sem 1 2007,
Sem 1 2008,
Sem 1 2009,
Sem 1 2010

Course Coordinator: Vineet Tawani

Course Coordinator Phone: +61 3 9925 2230

Course Coordinator Email:Vineet.Tawani@rmit.edu.au


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

This course introduces the students to the preparation and understanding of financial statements and to financial applications and processes for decision making purposes.


Objectives/Learning Outcomes/Capability Development

Capabilities

This course will enable students to practically apply the concepts, skills and knowledge of theoretical learning to discipline-orientated tasks.
Capabilities built in this course, will be further developed during the program, and are critical to the overall desired capabilities for the second year of the program.

Capabilities in this course will be developed subsequently in the following courses:
Investment Evaluation
Property Development
Feasibility studies

1. Reflective practice

An ability to:-
1.1 reflect on the actions and outcomes of professional practice, and the contribution made to personal and professional practice, the strategies of the employer, and the goals and aspirations of clients and the community.

1.2 to seek further knowledge and understanding as part of life-long learning.

2. Evidence based practice

An ability to:-
2.3 put professional practice into a global context, adopting appropriate international best practices and standards at all times.

2.4 achieve an internationally recognised qualification through accreditation by leading international professional bodies appropriate to the stream studied.

3. Problem diagnosis and solving

An ability to:-
3.1 resolve problems using sound problem-solving methodologies.

3.2 synthesise knowledge with professional experience to produce the best outcomes when faced with problems.

3.3 progress from simple data and information collection towards more detailed analysis, synthesis and evaluation.

4. Communication

An ability to:-
4.1 communicate with a wide range of clients, authorities, professionals and other stakeholders.

4.2 ask appropriate questions in a manner that is understood by the other person, listen to, and use, the answer to properly and professionally inform the outcome or path of action chosen.

1.3 receive and synthesise information, from a wide range of people, to achieve an informed outcome.

5. Strategic thinking and action

An ability to:-
5.1 adopt a professional attitude to thinking through problems, evaluating alternative actions and adopting the most defensible strategy.

6. Socially aware and responsible practice

An ability to:-
6.2 apply appropriate practices and regulations in the work environment, including health and safety practices.

6.3 recognise and make informed judgments about the impact of professional practice on clients and the wider community.


The key objectives for students undertaking this course are:
. To gain an understanding of the purpose of financial reports
. To be able to prepare basic financial statements and
. appreciate issues faced in the implementation of accounting systems, procedures and reporting
. To gain an understanding of how to finance operations
. To gain basic financial analysis skills and tools and demonstrate their usage.

These core objectives will be met through exposure to common methods of bookkeeping, reporting, budgeting and financial analysis as well as practical issues facing practitioners in obtaining finance and maintaining financially viable operations.  Students will be expected to be familiar with the components that make up a business plan.


Overview of Learning Activities

The classes will be structured as part lecture, part demonstration lecture and students will be expected to complete quizzes on a weekly basis.  Some notes may be distributed on the Learning Hub to highlight key areas for further study.


Overview of Learning Resources

Will be advised during the lecture series.


Overview of Assessment

The assessment in this course will be a mixture of weekly on-line quizzes, mid-semester test and a final exam.  The individual component of this course will be 100% of the overall assessment.

For any assessable component in this course you must achieve:

  • at least 40% in the assessment allocated to the quizzes and the mid-semester test 
  • at least 40% in the final examination
  • achieve a minimum combined 50% overall.