Handbook home
Financial Accounting Theory (ACCT30001)
Undergraduate level 3Points: 12.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Matt Pinnuck mpinnuck@unimelb.edu.au
Semester 2
Bo Qin b.qin@unimelb.edu.au
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | Semester 1 Semester 2 |
---|---|
Fees | Look up fees |
The subject aims to develop a critical understanding of the supporting theories and assumptions underpinning financial accounting and the analysis of contemporary financial accounting issues. This critical understanding is developed by exploring the current research thinking on how financial accounting information integrates with modern financial economies. Particular attention is paid to understanding how financial markets use financial accounting information as well as to the economic incentives that derive from its reporting.
Intended learning outcomes
On completion of this subject, students should be able to:
- Explain the impact of financial reports on economic activity
- Analyse the principles and incentives associated with the recognition and measurement of a firm’s economic activity in financial reports and the biases and random errors that occur
- Discuss the tools and frameworks necessary to understand, analyse and evaluate financial statements
- Evaluate the concepts and approaches associated with the use of financial reports for valuation
- Synthesise the range of emerging issues in financial accounting
Generic skills
-
High level of development: oral communication; written communication; problem solving; application of theory to practice; interpretation and analysis; critical thinking.
-
Moderate level of development: statistical reasoning; receptiveness to alternative ideas.
-
Some level of development: collaborative learning; team work; use of computer software; synthesis of data and other information.
Last updated: 27 April 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACCT20002 | Intermediate Financial Accounting |
Summer Term (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
AND ONE OF:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE20001 | Business Finance | Summer Term (On Campus - Parkville) |
12.5 |
FNCE10002 | Principles of Finance |
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
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: 27 April 2024
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
Mid-semester test
| Mid semester | 20% |
Group assignment (group size of 3-4 students)
| Week 10 | 20% |
End-of-semester examination
| During the examination period | 60% |
Last updated: 27 April 2024
Dates & times
- Semester 1
Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and one 1-hour workshop per week Total time commitment 170 hours Teaching period 2 March 2020 to 7 June 2020 Last self-enrol date 13 March 2020 Census date 30 April 2020 Last date to withdraw without fail 5 June 2020 Assessment period ends 3 July 2020 Semester 1 contact information
Matt Pinnuck mpinnuck@unimelb.edu.au
- Semester 2
Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lecture and one 1-hour workshop per week Total time commitment 170 hours Teaching period 3 August 2020 to 1 November 2020 Last self-enrol date 14 August 2020 Census date 21 September 2020 Last date to withdraw without fail 16 October 2020 Assessment period ends 27 November 2020 Semester 2 contact information
Bo Qin b.qin@unimelb.edu.au
Time commitment details
170 Hours
Last updated: 27 April 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- 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.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 27 April 2024