1. Handbook
  2. Subjects
  3. Financial Accounting
  4. Print

Financial Accounting (BUSA90003)

Graduate courseworkPoints: 12.5Online

You’re viewing the 2024 Handbook:
Or view archived Handbooks

Overview

Availability
May - Online
FeesLook 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 an organisation perceive that organisation, and by extension, the resources available to the organisation to accomplish its objectives. An understanding of and the ability to use accounting information will be essential to students' success as a manager. This subject provides students with foundational knowledge about external financial reporting by for-profit organisations. This foundational knowledge not only forms 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 an organisation’s intrinsic value or to assess an organisation’s strengths and weaknesses relative to competitors).

Intended learning outcomes

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

  • Read and interpret a company's financial statements.
  • Analyse a company's financial statements and draw relevant inferences from the analysis to assist in making decisions
  • Discuss fundamental accounting concepts and issues using everyday language.
  • Appreciate the measurement and recognition difficulties inherent in financial reporting, as well as the role of judgment in the preparation and interpretation of financial statements.

Last updated: 31 January 2024

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
No longer available
BUSA90552 Business Essentials
September (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
Summer Term (Online)
July (On Campus - Parkville)
 12.5

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: 31 January 2024

Assessment

DescriptionTimingPercentage

Contribution to class learning

Throughout the teaching period10%

Individual quizzes x 5

  • 2500 words (equivalent)
From Week 1 to Week 550%

Individual assessment

  • 2500 words
Hurdle requirement: Students are required to pass this individual assessment to pass the subject. 		End of the teaching period40%

Last updated: 31 January 2024

Dates & times

  • May - Online
    Mode of deliveryOnline
    Contact hours
    Total time commitment170 hours
    Teaching period13 May 2024 to 21 June 2024
    Last self-enrol date13 May 2024
    Census date23 May 2024
    Last date to withdraw without fail 7 June 2024
    Assessment period ends28 June 2024

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