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Accounting Reports and Analysis (ACCT10001)
Undergraduate level 1Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Summer Term
Semester 1
Semester 2
Overview
Availability(Quotas apply) | Summer Term Semester 1 Semester 2 |
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Fees | Look up fees |
This subject introduces students to the nature of accounting and its role in both financial markets and within organisations. Topics covered provide an overview of key financial and management accounting concepts and include: the constituent elements of financial statements; recognition, measurement and disclosure issues in the preparation of financial statements; accounting policy choices available to managers for key assets and incentives associated with policy choices; the analysis and interpretation of financial statement data; the use of accounting information within organisations to support managerial planning, control and decision making. The coverage and treatment of material in this course is specifically designed to meet the needs of undergraduate students from all disciplines. The focus is on the informed use of accounting information rather than the preparation of accounts.
Intended learning outcomes
- Explain the nature and purpose of accounting within financial markets and business organisations;
- Identify and explain different business structures and their external financial reporting requirements;
- Define and describe the major categories of assets, liabilities, equity, income, expenses and cash flow activities;
- Discuss recognition, measurement and disclosure issues pertaining to various line items in financial statements
- Analyse and interpret major financial statements and the accounting policy choices that influence their preparation;
- Analyse cost and revenue information for internal planning and decision making;
- Explain the concepts of corporate governance, ethics and ‘good governance’ and its influence on accounting;
- Critically evaluate the strengths and weaknesses of accounting information relative to the purposes it serves.
- Explain and apply the nature and purpose of budgeting and cost-volume-profit analysis as tools for internal decision making.
Generic skills
- High level of development: collaborative learning; problem solving; interpretation and analysis; critical thinking; evaluation of data and other information.
- Moderate level of development: application of theory to practice; team work; oral communication; written communication; receptiveness to alternative ideas.
- Some level of development: accessing data and other information from a range of sources; statistical reasoning; synthesis of data and other information.
Last updated: 22 March 2024
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 22 March 2024
Assessment
Additional details
- 3 hour end of semester examination (70%)
- Individual practical exercises equivalent to 400 words, due during the first half of the semester (10%)
- Group report equivalent to 400 words per student, due towards the end of the semester (10%)
- Tutorial work, ongoing throughout the semester (10%)
- To pass this subject students must pass the end of semester examination.
Last updated: 22 March 2024
Quotas apply to this subject
Dates & times
- Summer Term
Principal coordinator Noel Boys Mode of delivery On Campus (Parkville) Contact hours Semester 1 and Semester 2: one 2-hour lecture and one 1-hour tutorial per week; Summer semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks Total time commitment 170 hours Teaching period 8 January 2019 to 22 February 2019 Last self-enrol date 17 January 2019 Census date 18 January 2019 Last date to withdraw without fail 15 February 2019 Assessment period ends 2 March 2019 Summer Term contact information
- Semester 1
Principal coordinator Noel Boys Mode of delivery On Campus (Parkville) Contact hours Semester 1 and Semester 2: one 2-hour lecture and one 1-hour tutorial per week; Summer semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks Total time commitment 170 hours Teaching period 4 March 2019 to 2 June 2019 Last self-enrol date 15 March 2019 Census date 31 March 2019 Last date to withdraw without fail 10 May 2019 Assessment period ends 28 June 2019 Semester 1 contact information
- Semester 2
Principal coordinator Noel Boys Mode of delivery On Campus (Parkville) Contact hours Semester 1 and Semester 2: one 2-hour lecture and one 1-hour tutorial per week; Summer semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks Total time commitment 170 hours Teaching period 29 July 2019 to 27 October 2019 Last self-enrol date 9 August 2019 Census date 31 August 2019 Last date to withdraw without fail 27 September 2019 Assessment period ends 22 November 2019 Semester 2 contact information
Time commitment details
170 Hours
Additional delivery details
Please note that this subject has an enrolment quota in Semester 1 and Semester 2:
- 1900 places only.
- Initial self-enrolment will be provisional, places will not be guaranteed until the selection process has been run.
- Students will be selected into the subject on a first-come, first-served basis with preference given to students undertaking the subject as a compulsory subject in their degree or a core subject in their major.
- Students taking the subject as breadth may be withdrawn and should consider enrolling in the subject in a subsequent study period.
Last updated: 22 March 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
Recommended texts and other resources
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Bachelor of Environments Major Construction Breadth Track Forensic Accounting Breadth Track Fundamentals of Finance and Accounting - Breadth options
This subject is available as breadth in the following courses:
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 22 March 2024