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Financial Accounting Theory (ACCT30001)
Undergraduate level 3Points: 12.5Dual-Delivery (Parkville)
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
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
Matt Pinnuck: mpinnuck@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
-
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 |
Summer Term (Online)
Semester 2 (Dual-Delivery - Parkville)
Semester 1 (Dual-Delivery - Parkville)
|
12.5 |
AND
One of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE10002 | Principles of Finance |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (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 28 February 2022 to 29 May 2022 Last self-enrol date 11 March 2022 Census date 31 March 2022 Last date to withdraw without fail 6 May 2022 Assessment period ends 24 June 2022 Semester 1 contact information
Matt Pinnuck: mpinnuck@unimelb.edu.au
- Semester 2
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 25 July 2022 to 23 October 2022 Last self-enrol date 5 August 2022 Census date 31 August 2022 Last date to withdraw without fail 23 September 2022 Assessment period ends 18 November 2022 Semester 2 contact information
Matt Pinnuck: mpinnuck@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