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Financial Accounting (BUSA90003)
Graduate courseworkPoints: 12.5Online
To learn more, visit 2023 Course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Overview
Availability | August - Online |
---|---|
Fees | Look 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: 31 January 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
BUSA90552 | Business Essentials |
October (Online)
August (Online)
September (On Campus - Parkville)
July (Online)
July (On Campus - Parkville)
|
12.5 |
Corequisites
Non-allowed subjects
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Contribution to class learning | Throughout the teaching period | 10% |
8 x individual quizzes
| Throughout the teaching period | 20% |
5 x Syndicate assignment, each is equivalent of individual 150-word assessment
| Throughout the teaching period | 20% |
End-of-semester examination
| During the examination period | 50% |
Contribution to class learning | Throughout the teaching period | 10% |
7 x individual quizzes
| Throughout the teaching period | 20% |
6 x Syndicate assignment, each is equivalent of individual 150-word assessment
| Throughout the teaching period | 20% |
End-of-semester examination
| During the examination period | 50% |
Additional details
- Nam Tran (first four assessment items)
- Hui Zhou (second four assessment items)
Last updated: 31 January 2024
Dates & times
- August - Online
Mode of delivery Online Contact hours Total time commitment 170 hours Teaching period 28 August 2023 to 6 October 2023 Last self-enrol date 28 August 2023 Census date 7 September 2023 Last date to withdraw without fail 22 September 2023 Assessment period ends 13 October 2023
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- 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: 31 January 2024