Accounting Reports and Analysis (ACCT10001)

Undergraduate level 1Points: 12.5On Campus (Parkville)

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Overview

Availability(Quotas apply)
Semester 1
Semester 2
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This subject introduces students to the nature of accounting and its role in both financial markets and within organisations. Topics covered provide an overview of key financial and management accounting concepts and include: the constituent elements of financial statements; recognition, measurement and disclosure issues in the preparation of financial statements; accounting policy choices available to managers for key assets and incentives associated with policy choices; the analysis and interpretation of financial statement data; the use of accounting information within organisations to support managerial planning, control and decision making. The coverage and treatment of material in this course is specifically designed to meet the needs of undergraduate students from all disciplines. The focus is on the informed use of accounting information rather than the preparation of accounts.

Intended learning outcomes

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

  • Explain the nature and purpose of accounting within financial markets and business organisations;
  • Identify and explain different business structures and their external financial reporting requirements;
  • Define and describe the major categories of assets, liabilities, equity, income, expenses and cash flow activities;
  • Discuss recognition, measurement and disclosure issues pertaining to various line items in financial statements;
  • Analyse and interpret major financial statements and the accounting policy choices that influence their preparation;
  • Analyse cost and revenue information for internal planning and decision making;
  • Explain the concepts of corporate governance, ethics and 'good governance' and its influence on accounting;
  • Critically evaluate the strengths and weaknesses of accounting information relative to the purposes it serves; and
  • Explain and apply the nature and purpose of budgeting and cost-volume-profit analysis as tools for internal decision making .

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

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

Last updated: 20 March 2025

Eligibility and requirements

Prerequisites

None

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: 20 March 2025

Assessment

DescriptionTimingPercentage

Individual practical exercises

  • 400 words (equivalent)
First half of the teaching period10%

Group report, due towards the end of the semester

  • 400 words (each)
Second half of the teaching period10%

Tutorial work, ongoing throughout the semester

Throughout the semester10%

End-of-semester Examination

  • 3 hours
During the examination period70%

Last updated: 20 March 2025

Quotas apply to this subject

Dates & times

  • Semester 1
    Principal coordinatorStefan Schantl
    Mode of deliveryOn Campus (Parkville)
    Contact hoursOne 90-minute lecture and one 90-minute tutorial per week
    Total time commitment170 hours
    Teaching period 3 March 2025 to 1 June 2025
    Last self-enrol date14 March 2025
    Census date31 March 2025
    Last date to withdraw without fail 9 May 2025
    Assessment period ends27 June 2025

    Semester 1 contact information

    ara-enquiries@unimelb.edu.au

  • Semester 2
    Principal coordinatorStefan Schantl
    Mode of deliveryOn Campus (Parkville)
    Contact hoursOne 90-minute lecture and one 90-minute tutorial per week
    Total time commitment170 hours
    Teaching period28 July 2025 to 26 October 2025
    Last self-enrol date 8 August 2025
    Census date 1 September 2025
    Last date to withdraw without fail26 September 2025
    Assessment period ends21 November 2025

    Semester 2 contact information

    ara-enquiries@unimelb.edu.au

Time commitment details

170 Hours

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.

Additional delivery details

Please note that this subject has an enrolment quota in Semester 1 and Semester 2:

  • 1900 places only.
  • Initial self-enrolment will be provisional, places will not be guaranteed until the selection process has been run.
  • Students will be selected into the subject on a first-come, first-served basis with preference given to students undertaking the subject as a compulsory subject in their degree or a core subject in their major.
  • Students taking the subject as breadth may be withdrawn and should consider enrolling in the subject in a subsequent study period. 

 

Last updated: 20 March 2025

Further information

Last updated: 20 March 2025