Course Title: Financial Accounting and Analysis

Part A: Course Overview

Course Title: Financial Accounting and Analysis

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ACCT1178	Kolej Metropolitan	Undergraduate	615H Accounting	Face-to-Face	Offsh 3 09, Offsh 1 10, Offsh 3 10, Offsh 1 11
ACCT2033	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, Sem 1 2016, Sem 2 2016, Sem 2 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
ACCT2033	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, Sem 2 2024
ACCT2062	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, Offsh1 18, Offsh3 18, Offsh1 19, Offsh3 19, Offsh1 20, Offsh3 20, Offsh1 21, Offsh3 21
ACCT2062	Singapore Inst of Management	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Offsh1 22, Offsh3 22, Offsh1 23, Offsh3 23, Offsh1 24, Offsh3 24, Offsh1 25
ACCT2158	RMIT University Vietnam	Undergraduate	615H Accounting	Face-to-Face	Viet1 2008, Viet2 2008, Viet3 2008, Viet1 2009, Viet2 2009, Viet3 2009, Viet1 2010, Viet2 2010, Viet3 2010, Viet2 2011, Viet3 2012, Viet1 2013, Viet2 2013, Viet3 2013, Viet1 2014, Viet2 2014, Viet3 2014, Viet1 2015, Viet2 2015, Viet3 2015, Viet1 2016, Viet2 2016, Viet3 2017, Viet3 2018, Viet1 2019, Viet2 2019, Viet1 2020, Viet2 2020, Viet1 2021, Viet3 2021
ACCT2158	RMIT University Vietnam	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Viet2 2022, Viet2 2023, Viet1 2024, Viet3 2024
ACCT2243	Universitas Pelita Harapan	Undergraduate	615H Accounting	Face-to-Face	Offsh3 15, Offsh3 16
ACCT2304	RMIT Vietnam Hanoi Campus	Undergraduate	615H Accounting	Face-to-Face	Viet2 2020, Viet1 2021, Viet3 2021
ACCT2304	RMIT Vietnam Hanoi Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Viet2 2022, Viet2 2023, Viet1 2024, Viet3 2024

Course Coordinator: Dr Jayanthi Kumarasiri

Course Coordinator Phone: +61 3 9925 5731

Course Coordinator Email: jayanthi.kumarasiri@rmit.edu.au

Course Coordinator Location: Building 80

Course Coordinator Availability: By appointment

Pre-requisite Courses and Assumed Knowledge and Capabilities

Assumed Knowledge
Knowledge of foundational accounting concepts and practices are assumed

Course Description

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

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

1. Evaluate the application and social impact of financial accounting concepts, principles, and procedures that govern the recording and reporting of financial information.
2. Apply the principles of double-entry and accrual accounting to generate financial statements.
3. Analyse, interpret and evaluate financial information for economic decision making and its effect on organisations and society.
4. Identify the finance sources of an organisation and impact of financial structure and dividend policy on firm's market value.
5. Apply and critique technology, including the use of accounting software, in recording and reporting business transactions. 
6. Identify and explain the use of general purpose financial reports in the context of the financial, social, environmental and regulatory systems.
7. 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: 50%
Linked CLOs: 1, 2, 3, 4, 6, 7

Assessment Task 3: 30%
Linked CLOs: 1, 2, 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.