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Intermediate Financial Accounting (ACCT20002)

Undergraduate level 2Points: 12.5Online and Dual-Delivery (Parkville)

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Overview

Availability
Summer Term - Online
Semester 1 - Dual-Delivery
Semester 2 - Dual-Delivery
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This subject focuses on more advanced external financial reporting obligations applicable to entities within the framework of the Australian reporting environment. In particular, it examines key technical Accounting Standards integral to the preparation of general purpose financial statements by reporting entities. It also considers the theories that help explain why financial accounting exists as well as what motivates and affects the judgements of managers when making financial accounting reporting decisions. Finally, it critically reviews important contemporary accounting issues affecting the business community under consideration by accounting standard setters.

Intended learning outcomes

Upon successful completion of this subject, students should be able to:

  • Identify and explain the theories that explain why financial accounting exists and the accounting choices made by managers
  • Record and disclose transactions and events applying the provisions of key Accounting Standards
  • Critically evaluate how well these standards appropriately incorporate the principles as outlined in the Conceptual Framework
  • Identify and explain contemporary financial accounting reporting issues affecting the business community and being considered by standard setters
  • Identify and explain financial reporting disclosure and presentation issues as part of an annual report
  • Explain the implications for financial reporting arising from alternative accounting policy choice decisions faced by management

Generic skills

  • High level of development: application of theory to practice; evaluation of data and other information
  • Moderate level of development: critical thinking; written communication; problem solving; interpretation and analysis; receptiveness to alternative ideas; synthesis of data and other information
  • Some level of development: oral communication; collaborative learning; team work

Last updated: 7 September 2023

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
ACCT10002 Introductory Financial Accounting
Semester 2 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 1 (Dual-Delivery - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

None

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

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: 7 September 2023

Assessment

DescriptionTimingPercentage

Mid-semester test

  • 1 hours
Mid semester20%

Tutorial assessment

10%

End-of-semester examination

  • 3 hours
During the examination period70%

Last updated: 7 September 2023

Dates & times

  • Summer Term - Online
    Principal coordinatorLike Jiang
    Mode of deliveryOnline
    Contact hoursTwo 2-hour lectures and two 1-hour tutorials per week for six weeks
    Total time commitment170 hours
    Teaching period 4 January 2022 to 11 February 2022
    Last self-enrol date10 January 2022
    Census date21 January 2022
    Last date to withdraw without fail 4 February 2022
    Assessment period ends26 February 2022

    Summer Term contact information

    Like Jiang: like.jiang@unimelb.edu.au

  • Semester 1 - Dual-Delivery
    Principal coordinatorLike Jiang
    Mode of deliveryDual-Delivery (Parkville)
    Contact hours One 2-hour lecture and one 1-hour tutorial per week
    Total time commitment170 hours
    Teaching period28 February 2022 to 29 May 2022
    Last self-enrol date11 March 2022
    Census date31 March 2022
    Last date to withdraw without fail 6 May 2022
    Assessment period ends24 June 2022

    Semester 1 contact information

    Like Jiang: like.jiang@unimelb.edu.au

  • Semester 2 - Dual-Delivery
    Principal coordinatorLike Jiang
    Mode of deliveryDual-Delivery (Parkville)
    Contact hours One 2-hour lecture and one 1-hour tutorial per week
    Total time commitment170 hours
    Teaching period25 July 2022 to 23 October 2022
    Last self-enrol date 5 August 2022
    Census date31 August 2022
    Last date to withdraw without fail23 September 2022
    Assessment period ends18 November 2022

    Semester 2 contact information

    Like Jiang: like.jiang@unimelb.edu.au

Last updated: 7 September 2023

Further information

Last updated: 7 September 2023