Course Title: Accounting in Organisations and Society (Diploma/Associate Degree)

Part A: Course Overview

Course Title: Accounting in Organisations and Society (Diploma/Associate Degree)

Credit Points: 12.00

Important Information:

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.

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ACCT2189	City Campus	Undergraduate	525T Business & Enterprise	Face-to-Face	Sem 1 2022, Sem 2 2022, Sem 1 2023
ACCT2189	City Campus	Undergraduate	650T Vocational Business Education	Face-to-Face	Sem 2 2009, Sem 1 2010, Sem 1 2011, Sem 2 2012, Sem 1 2014, Sem 2 2014, Sem 1 2015, Sem 2 2015, Sem 1 2019, Sem 2 2019, Sem 1 2020, Sem 2 2020, Sem 1 2021, Sem 2 2021
ACCT2205	South China Univ - Nanhai	Undergraduate	650T Vocational Business Education	Face-to-Face	Offsh 3 09
ACCT2210	Shanghai Uni of Int Bus & Econ	Undergraduate	650T Vocational Business Education	Face-to-Face	Offsh 3 10, Offsh 3 11, Offsh3 12, Offsh3 13, Offsh3 14, Offsh3 15

Flexible Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ACCT2189	City Campus	Undergraduate	525T Business & Enterprise	Face-to-Face	UGRDFlex22 (ZZZ1), UGRDFlex22 (All)
ACCT2189	City Campus	Undergraduate	650T Vocational Business Education	Face-to-Face	UGRDFlex21 (ZZZZ)
ACCT2210	Shanghai Uni of Int Bus & Econ	Undergraduate	525T Business & Enterprise	Face-to-Face	OFFSe22022 (All)
ACCT2210	Shanghai Uni of Int Bus & Econ	Undergraduate	650T Vocational Business Education	Face-to-Face	OFFSe22018 (All)
ACCT2210	Shanghai Uni of Int Bus & Econ	Undergraduate	650T Vocational Business Education	Face-to-Face	OFFSe22019 (CA1)
ACCT2210	Shanghai Uni of Int Bus & Econ	Undergraduate	650T Vocational Business Education	Face-to-Face	OFFSe22020 (All)
ACCT2210	Shanghai Uni of Int Bus & Econ	Undergraduate	650T Vocational Business Education	Face-to-Face	OFFSe22021 (All)

Course Coordinator: Nitin Barr

Course Coordinator Phone: 99351427

Course Coordinator Email: nitin.barr@rmit.edu.au

Course Coordinator Location: Bldg 80 Level 5

Course Coordinator Availability: Please check with course coordinator

Pre-requisite Courses and Assumed Knowledge and Capabilities

None

Course Description

Accounting in Organisations and Society introduces you to the role of accounting information in business and more broadly, in society. In this course you will learn the basic principles underlying the production of financial information and its use in decision-making by various user groups including managers, shareholders, lenders and investment analysts. The course depicts accounting as the language of business communication. Accounting in Organisations and Society is a compulsory core course in the Bachelor of Business suite of degrees, and is also a pre-requisite for more advanced courses in accounting.

 In this course you will gain insights into the meaning and role of accounting and of accountants in the larger context of a changing and interconnected world of people, organisations and the changing planet upon which we live.

You will develop an understanding of key ideas or concepts  which you will reflect upon and appreciate that these accounting concepts mean more than their technical representations but have a strong influence on organisations and society.

The course structure, content and learning activities provide you with an understanding of accounting’s pervasive and transformative role as a social practice and organisational driver. You will learn that environments, ideas and values are part of an interconnected world; that the planet is a key resource; and that people are affected and influenced by the information they receive and the way it is presented.

Objectives/Learning Outcomes/Capability Development

-

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

CLO1: Justify why different perspectives of the roles of organisations within society will in turn influence the types of ‘accounts’ we would expect an organisation to produce.

CLO2: Explain the role of accounting in managing a business or organisation; including the concept of 'resources' available for business uptake, and, how ‘costs’ are implicated in the use of such resources.

CLO3: Identify and justify various approaches to measuring the performance of an organisation inclusive of financial performance, social performance, and environmental performance.

CLO4: Interpret and analyse a range of accountability approaches and the implications of financial performance (measured in terms of cash flows; income statement and balance sheet performance) on social and environmental performance.

CLO5: Analyse case studies to identify instances that justify accounting is both a technical and a social practice in a changing and interconnected world.

CLO6: Application of technical skills to analyse big data and provide visualisations to evaluate implications for practice.

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.
Learning activities will include:

• Attending lectures and tutorials
• Completing prescribed reading, selected exercises, discussion questions
• Relating course material to practical examples in business

You will be required to engage in certain learning activities (e.g. prescribed reading, completion of exercises and preparation of discussion questions) prior to attending class each week. This ensures that valuable discussion, extension of concepts and issues requiring clarification can be attended to in class time.

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, 3, 4

Assessment Task 2: 40%
Linked CLOs: 2, 3, 4, 5, 6

Assessment Task 3: 40%
Linked CLOs: 2, 3, 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.