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Financial Accounting Theory (ACCT30001)
Undergraduate level 3Points: 12.5Dual-Delivery (Parkville)
Please refer to the return to campus page for more information on these delivery modes and students who can enrol in each mode based on their location.
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
Overview
Availability | Semester 1 - Dual-Delivery Semester 2 - Dual-Delivery |
---|---|
Fees | Look up fees |
The subject is a financial statement theory and analysis subject that is designed to teach the underlying concepts and applied contemporary techniques that enable the use of financial reports for performance analysis and valuation. We also consider the use of financial reports for contracting with executives and lenders and if there is a need for regulation.
The objective of this course is to equip students with tools and techniques to be able to (a) understand and assess the quality of financial reports and identify significant accounting issues (b) use financial reports to assess the level and drivers of firm performance and (c) value companies. Students will learn that the quality of information provided in financial reports can vary significantly and can have a significant impact on how it should be used for analysis and valuation. The applied concepts taught will be useful to students in practice both as preparers and users.
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
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High level of development: oral communication; written communication; problem solving; application of theory to practice; interpretation and analysis; critical thinking.
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Moderate level of development: statistical reasoning; receptiveness to alternative ideas.
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Some level of development: collaborative learning; team work; use of computer software; synthesis of data and other information.
Last updated: 11 April 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACCT20002 | Intermediate Financial Accounting |
Semester 2 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 1 (Dual-Delivery - Parkville)
|
12.5 |
AND
One of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE10002 | Principles of Finance |
Semester 2 (Dual-Delivery - Parkville)
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Online)
|
12.5 |
FNCE20001 Business Finance
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: 11 April 2024
Assessment
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: 11 April 2024
Dates & times
- Semester 1
Coordinator Matthew Pinnuck Mode of delivery Dual-Delivery (Parkville) Contact hours One 90-minute lecture and one 90-minute tutorial per week Total time commitment 170 hours Teaching period 1 March 2021 to 30 May 2021 Last self-enrol date 12 March 2021 Census date 31 March 2021 Last date to withdraw without fail 7 May 2021 Assessment period ends 25 June 2021 Semester 1 contact information
Matt Pinnuck mpinnuck@unimelb.edu.au
- Semester 2
Coordinator Bo Qin Mode of delivery Dual-Delivery (Parkville) Contact hours One 90-minute lecture and one 90-minute tutorial per week. Total time commitment 170 hours Teaching period 26 July 2021 to 24 October 2021 Last self-enrol date 6 August 2021 Census date 31 August 2021 Last date to withdraw without fail 24 September 2021 Assessment period ends 19 November 2021 Semester 2 contact information
Bo Qin b.qin@unimelb.edu.au
Time commitment details
170 hours
Last updated: 11 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 (Production)
- 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: 11 April 2024