Course Title: Property Accounting

Part A: Course Overview

Course Title: Property Accounting

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


325H Property, Construction & Project Management


Sem 1 2011,
Sem 1 2012,
Sem 1 2013,
Sem 1 2014,
Sem 1 2015,
Sem 1 2016,
Sem 1 2017,
Sem 1 2018,
Sem 1 2019,
Sem 1 2020,
Sem 1 2021,
Sem 1 2022,
Sem 1 2023,
Sem 1 2024

Course Coordinator: Wejendra Reddy

Course Coordinator Phone: +61 3 9925 1740

Course Coordinator Email:

Course Coordinator Location: 08.08.58

Course Coordinator Availability: Please check with course coordinator via email

Pre-requisite Courses and Assumed Knowledge and Capabilities


Course Description

This course will develop your understanding of financial statements and their financial application to property. You will examine different types and styles of property accounts and construct a basic property accounting report with the implication and inclusion of different taxation charges.

Specifically you will study the following topics:
• Introductory accounting processes
• Financial statements
• Financial Ratio analysis
• Capital investment and management
• Introductory property taxation.

Objectives/Learning Outcomes/Capability Development

Program Learning Outcomes (PLOs)

In this course you will develop the following program learning outcomes:

  • PLO1: Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study
  • PLO3: Apply logical, critical and creative thinking to analyse, synthesise and apply theoretical knowledge, and technical skills, to formulate evidenced based solutions to industry problems or issues
  • PLO5: Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives

Course Learning Outcomes (CLOs)

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

  1. CLO1: Utilise accounting processes and apply these to property decision making
  2. CLO2: Evaluate property accountancy reports and detail their business application
  3. CLO3: Produce an accounting report which aligns with defined property industry standards
  4. CLO4: Describe and identity the components of the Australian taxation system
  5. CLO5: Analyse the implications of the Australian taxation system for the property industry

Overview of Learning Activities

Key concepts and their applications will be explained in lectures followed by practical applications in tutorials

Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems.

A textbook is used for this course along with lecture materials and supplementary readings

Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes.

Task 1: Tutorial Exercises: Reflect on knowledge and skill development during weeks 1-7. 12% weighting. CLO1, CLO2, CLO3, CLO4, CLO5.

Task 2: Individual Assignment: Collate financial statement data, and then use that information to calculate, compare, interpret financial ratios and produce a critical report on a selected property fund (A-REIT). Assignment submitted in three parts. 43% weighting. CLO1, CLO2, CLO3, CLO4, CLO5.

Task 3: Final Exam: Reflect on knowledge and skill development on property accounting during the semester. 45% weighting. CLO1, CLO2, CLO3, CLO4, CLO5.

Feedback will be given on all assessment tasks.

Equitable Learning Services

Equitable Learning Services (ELS) provide support and equal opportunities for students with a disability, long-term illness and/or mental health condition and primary carers of individuals with a disability. You can contact the ELS if you would like to find out more: You can also contact the course coordinator or the program coordinator if you would like to find out more.

An assessment charter ( summarises your responsibilities as an RMIT student as well as those of your teaching staff.

Your course assessment conforms to RMIT assessment principles, regulations, policies and procedures which are described and referenced in a single document:;ID=ln1kd66y87rc.