Course Title: Financial Accounting and Statement Analysis

Part A: Course Overview

Course Title: Financial Accounting and Statement Analysis

Credit Points: 12.00


Course Coordinator: Dr Duc Phan

Course Coordinator Phone: -

Course Coordinator Email: duc.phan@rmit.edu.au

Course Coordinator Location: Building 80

Course Coordinator Availability: By appointment


Pre-requisite Courses and Assumed Knowledge and Capabilities

Required Prior Study

It is required that you complete the following courses before undertaking this course:

  • 054377 Business Decision Making
  • 054376 Understanding the Business Environment

Assumed Knowledge

To participate successfully in this course, it is highly recommended that you:  

  • Have a basic understanding of accounting in business and management practice
  • Have an understanding of the business/commercial environment in the economy 


Course Description

Financial Accounting and Statement Analysis will provide you with insights into the nature of financial reporting and how different stakeholders use financial reports for decision making. In understanding how financial reporting operates, in this course you will be provided with the fundamental skills necessary to operate a business or a business unit, along with reasons why other stakeholders make the decisions they make.

This course is designed to provide you with the financial accounting knowledge and skills necessary to make well-informed business decisions using accounting information. This includes ethical insights for audit, assurance and fraud detection purposes. This course will also introduce you to various techniques for financial statement analysis to facilitate key decision-making practices.


Objectives/Learning Outcomes/Capability Development

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

  1. Describe the business principles and techniques to explain the effect of transactions on business operations.
  2. Apply business reporting principles and techniques to communicate results regarding business operations.
  3. Describe and explain ethical decision-making models to solve business dilemmas arising from business operations.
  4. Demonstrate the efficacy of audit and fraud detection techniques for assurance purposes for the prevention and detection of fraud.
  5. Utilise data analytical techniques for business planning and decision making.


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 include: face to face workshops, use of online materials and resources, debates, case studies, applied research on current issues, guest speakers and completion of weekly work.


Overview of Learning Resources

Various learning resources are available online through the RMIT Student Website. The lecture notes and workshop notes are posted on Canvas. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

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, 5

Assessment Task 2: 40% 
Linked CLOs: 1, 2, 3, 4, 5

Assessment Task 3: 40% 
Linked CLOs: 1, 2, 3, 4, 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.