Handbook

ACCT10001 Accounting Reports and Analysis

Credit Points: 12.5
Level: 1 (Undergraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2017:

Summer Term, Parkville - Taught on campus.Show/hide details
Pre-teaching Period Start not applicable
Teaching Period 03-Jan-2017 to 17-Feb-2017
Assessment Period End 25-Feb-2017
Last date to Self-Enrol 12-Jan-2017
Census Date 13-Jan-2017
Last date to Withdraw without fail 10-Feb-2017

Semester 1, Parkville - Taught on campus.Show/hide details
Pre-teaching Period Start not applicable
Teaching Period 27-Feb-2017 to 28-May-2017
Assessment Period End 23-Jun-2017
Last date to Self-Enrol 10-Mar-2017
Census Date 31-Mar-2017
Last date to Withdraw without fail 05-May-2017

Semester 2, Parkville - Taught on campus.Show/hide details
Pre-teaching Period Start not applicable
Teaching Period 24-Jul-2017 to 22-Oct-2017
Assessment Period End 17-Nov-2017
Last date to Self-Enrol 04-Aug-2017
Census Date 31-Aug-2017
Last date to Withdraw without fail 22-Sep-2017

Please note that the Semester 1 offering of this subject has an enrolment quota:

  • 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  • Students taking the subject as breadth may be withdrawn and should consider enrolling in the subject for Semester 2 instead.



Timetable can be viewed here.
For information about these dates, click here.
Time Commitment: Contact Hours: Semester 1 and Semester 2: one 2-hour lecture and one 1-hour tutorial per week; Summer semester: two 2-hour lectures and two 1-hour tutorials per week for 6 weeks
Total Time Commitment:

170 Hours

Prerequisites: None
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Coordinator

Dr Phill Cobbin, Mr Noel Boys

Contact

Summer: pecobbin@unimelb.edu.au

Semester 1 & 2: nboys@unimelb.edu.au

Subject Overview:

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.

Learning Outcomes:
  • 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.
Assessment:
  • 3 hour end of semester examination (70%)
  • Individual practical exercises equivalent to 400 words, due during the first half of the semester (10%)
  • Group report equivalent to 400 words per student, due towards the end of the semester (10%)
  • Tutorial work, ongoing throughout the semester (10%)
  • To pass this subject students must pass the end of semester examination.
Prescribed Texts:

You will be advised of prescribed texts by your lecturer.

Recommended Texts:

You will be advised of prescribed texts by your lecturer.

Breadth Options:

This subject potentially can be taken as a breadth subject component for the following courses:

You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:
  • High level of development: collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis.
  • Moderate level of development: oral communication; written communication: critical thinking; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.
  • Some level of development: statistical reasoning; synthesis of data and other information.
Related Course(s): Bachelor of Environments
Related Majors/Minors/Specialisations: Construction major
Related Breadth Track(s): Forensic Accounting

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