Financial Accounting (BUSA90001)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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As part of the University’s response to COVID-19 and the associated Government restrictions and guidelines, most subjects will continue to be delivered online in Winter and Semester 2.
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.

Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.

Overview

Availability(Quotas apply)
March
April
June
September
FeesLook up fees

Accounting is the “language of business,” and accounting information is the basis for performance measurement, business contracting, and most operating, investing, and financing decisions that managers make. Financial accounting information affects how individuals outside a company perceive that company, and by extension, the resources available to the company to accomplish its objectives. An understanding of and the ability to use financial accounting information will be essential to your success as a professional manager. This subject is designed to provide students with foundation knowledge about external financial reporting by for-profit entities. This foundation knowledge not only provides the basis for correctly interpreting and using accounting information provided internally to managers for managerial decision making, but also provides the basis for using financial statements for more externally-focused judgments and decisions (e.g., assessing a firm’s intrinsic value or to assess a firm’s strengths and weaknesses relative to competitors).

Intended learning outcomes

On completion of this subject, students should be able to:



  • Appreciate the measurement and recognition difficulties inherent in financial reporting, as well as the role of judgment in the preparation of financial statements.
  • Explain in your own words the purpose and content of the balance sheet, income statement, comprehensive income statement, shareholder equity statement, and cash flow statement, as well as how these five financial statements fit together and how they relate to the company’s financing, investing and operating activities.
  • Read, accurately interpret, and discuss financial statements and selected notes to the financial statements.
  • Discuss fundamental accounting concepts and issues using everyday language.
  • Perform basic analysis of a company’s profitability and provide a reasoned basis for the conclusions drawn from the analysis.

Last updated: 3 November 2022

Eligibility and requirements

Prerequisites

 

 

Code Name Teaching period Credit Points
BUSA90480 Leadership
September (On Campus - Parkville)
March (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
September (On Campus - Parkville)
March (On Campus - Parkville)
 6.25

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: 3 November 2022

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

April

DescriptionTimingPercentage

Contribution to class learning

Throughout the teaching period10%

8 x individual quizzes

  • 15 minutes (each)
Throughout the teaching period20%

5 x Syndicate assignment: each is equivalent of individual 150-word assessment

  • 150 words (each)
Throughout the teaching period20%

Final examination

  • 3 hours
Hurdle requirement		End of the teaching period50%

June

DescriptionTimingPercentage

Contribution to class learning

Throughout the teaching period10%

7 x individual quizzes

  • 10 minutes (each)
Throughout the teaching period20%

6 x Syndicate assignment: each is equivalent of individual 150-word assessment

  • 150 words (each)
Throughout the teaching period20%

Final examination

  • 3 hours
Hurdle requirement		End of the teaching period50%

September

DescriptionTimingPercentage

Contribution to class learning

Throughout the teaching period10%

3 x individual assignments; staggered throughout subject

  • 200 words (each)
Throughout the teaching period10%

Syndicate assignment

  • 150 words (equivalent)
Between first and second classes10%

Syndicate presentation

  • 1000 words (equivalent)
End of the teaching period10%

Midterm test; middle of subject

  • 1.5 hours
During the teaching period20%

Final examination

  • 1.5 hours
Hurdle requirement		End of the teaching period40%

Additional details

Nam Tran: April (06/04/20 teaching start)

  • Contribution to class learning (10%)
    • Throughout subject
  • 8 x individual quizzes (20%)
    • 15 minutes each
    • Throughout subject
  • 5 x Syndicate assignment (20%)
    • each is equivalent of individual 150-word assessment
    • Throughout subject
  • Final examination (50%)
    • Hurdle requirement
    • 3 hours
    • End of subject

Hui Zhou: June (29/06/20 teaching start)

  • Contribution to class learning (10%)
    • Throughout subject
  • 7 x individual quizzes (20%)
    • 10 minutes each
    • Throughout subject
  • 6 x Syndicate assignment (20%)
    • each is equivalent of individual 150-word assessment
    • Throughout subject
  • Final examination (50%)
    • Hurdle requirement
    • 3 hours
    • End of subject

EMBA: September (21/09/20 teaching start)

  • Contribution to class learning (10%)
    • Throughout subject
  • 3 x individual assignments (10%)
    • 200 words each
    • Staggered throughout subject
  • Syndicate assignment (10%)
    • equivalent to individual 150-word assessment
    • Between first and second classes
  • Syndicate presentation (10%)
    • equivalent to individual 1,000-word assessment
    • End of subject
  • Midterm test (20%)
    • 1.5 hours
    • Middle of subject
  • Final examination (40%)
    • Hurdle requirement
    • 1.5 hours
    • End of subject

Last updated: 3 November 2022

Quotas apply to this subject

Dates & times

  • March
    Mode of deliveryOn Campus (Parkville)
    Contact hours
    Total time commitment170 hours
    Pre teaching start date23 March 2020
    Pre teaching requirementsstudents are required to complete approximately 15 hours of reading during the pre-teaching period to prepare for the subject
    Teaching period30 March 2020 to 5 June 2020
    Last self-enrol date 2 February 2020
    Census date24 April 2020
    Last date to withdraw without fail15 May 2020
    Assessment period ends12 June 2020
  • April
    Mode of deliveryOn Campus (Parkville)
    Contact hours
    Total time commitment170 hours
    Pre teaching start date30 March 2020
    Pre teaching requirementsstudents are required to complete approximately 15 hours of reading during the pre-teaching period to prepare for the subject
    Teaching period 6 April 2020 to 11 June 2020
    Last self-enrol date 2 February 2020
    Census date24 April 2020
    Last date to withdraw without fail22 May 2020
    Assessment period ends19 June 2020
  • June
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment170 hours
    Pre teaching start date22 June 2020
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period29 June 2020 to 3 September 2020
    Last self-enrol date26 April 2020
    Census date17 July 2020
    Last date to withdraw without fail14 August 2020
    Assessment period ends10 September 2020
  • September
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment170 hours
    Pre teaching start date14 September 2020
    Pre teaching requirementsstudents are required to complete approximately 15 hours of reading during the pre-teaching period to prepare for the subject
    Teaching period21 September 2020 to 26 November 2020
    Last self-enrol date19 July 2020
    Census date 9 October 2020
    Last date to withdraw without fail13 November 2020
    Assessment period ends 3 December 2020

    September contact information

    Melbourne Business School

    Degree Program Services

    Email: Programservices@mbs.edu

Additional delivery details

This subject is only available to students admitted to GD-BA, MC-BAPT, MC-BAPTME, 294PN, or permission of the MBA course coordinator

This subject has a quota of 80 students. Students will be selected on a first come, first serve basis. However if any student is approaching their completion date, they will get priority in enrolment.

This subject is equivalent to BUSA90002 in MC-BAPTME

Last updated: 3 November 2022

Further information

Last updated: 3 November 2022