Course Title: Financial Accounting and Analysis
Part A: Course Overview
Course Title: Financial Accounting and Analysis
Credit Points: 12.00
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.
Course Coordinator: Dr Saiful Azam
Course Coordinator Phone: -
Course Coordinator Email: email@example.com
Course Coordinator Location: Building 80 level 11
Course Coordinator Availability: Via email
Pre-requisite Courses and Assumed Knowledge and Capabilities
Knowledge of foundational accounting concepts and practices are assumed
In this course you will learn both how to prepare financial reports and, the impact of these reports on society. In other words you will learn that accounting is both a technical and social practice in all its contexts. This course provides you with a fundamental understanding of accounting requirements, concepts & principles underlying financial accounting, which are necessary for you to, evaluate and assess the impact of financial accounting information in organisations and society. While the explicit objective of financial reporting is to provide information for resource providers you will appreciate its pervasive influence in the larger context of a changing and interconnected world.
Objectives/Learning Outcomes/Capability Development
On the successful completion of this course you will be able to:
- Evaluate the application and social impact of financial accounting concepts, principles, and procedures that govern the recording and reporting of financial information.
- Apply the principles of double-entry and accrual accounting to generate financial statements.
- Analyse, interpret and evaluate financial information for economic decision making and its effect on organisations and society.
- Identify the finance sources of an organisation and impact of financial structure and dividend policy on firm's market value.
- Apply and critique technology, including the use of accounting software, in recording and reporting business transactions.
- Identify and explain the use of general purpose financial reports in the context of the financial, social, environmental and regulatory systems.
- Analyse case studies to identify instances that justify accounting is both a technical and a social practice in a changing and interconnected world.
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: 20%
Linked CLOs: 1, 2, 6
Assessment Task 2: 30%
Linked CLOs: 1, 2, 3, 5, 6, 7
Assessment Task 3: 50%
Linked CLOs: 1, 2, 3, 4, 6, 7
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.