MAA261 - Financial Accounting

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Online
Trimester 2: Burwood (Melbourne), Online
Trimester 3: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Previously coded as:MAA203
Unit Chair:Trimester 1: Eka Tan
Trimester 2: Egor Evdokimov
Trimester 3: Cecilia Hu
Cohort rule:Nil
Prerequisite:

MAA103

Corequisite:Nil
Incompatible with: MAA203
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

This will include educator guided online learning activities within the unit site.

Educator-facilitated (scheduled) learning activities - on-campus unit enrolment:

1 x 3 hour on-campus seminar each week.

Educator-facilitated (scheduled) learning activities - online unit enrolment:

1 x 3 hour online seminar (recordings provided) each week.

Content

This unit builds on introductory accounting knowledge and is designed to give students a detailed understanding of financial reporting concepts. Students should have a sound knowledge of the recording process before undertaking this unit. In this unit students will learn how to evaluate and apply key accounting standards in the preparation of financial reports. In particular you will learn the importance of financial information in supporting effective business decisions. The skills gained in the unit will be able to be used in numerous business situations.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Apply International Financial Reporting Standards (IFRSs) or equivalent Australian accounting standards (AASB) to record transactions and other events, and prepare general purpose financial statements and related disclosures.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

ULO2

Exercise professional judgement to analyse and solve complex financial reporting problems with appropriate accounting policies.

GLO1: Discipline-specific knowledge and capabilities
GLO5: Problem solving

ULO3

Critically analyse and interpret the information in the financial statements and disclosures.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

ULO4

Record business transactions and prepare financial statements using accounting software.

GLO1: Discipline-specific knowledge and capabilities
GLO3: Digital Literacy

ULO5

Evidence and reflect on teamwork when resolving complex accounting issues.

GLO7: Teamwork

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week

Assessment 1: (Individual) Case Study 
Xero (Cloud) Accounting

 

15% Week 4

Assessment 2: (Individual) Case Study Manual processing

 

15% Week 5

Assessment 3: 

Part A: (Group of 4) Case Study (Report)
Part B: (Individual) Written Reflection (self)

Part A: 1000 words
Part B: 1000 words

Part A: 10%
Part B: 10% 

Week 9
Examination - Specified Resources 2 hours 50% End-of-unit assessment period 

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirement: Submit Assessment 1 (computerised accounting) to evidence digital literacy and achieve at least 50% of the marks available on the examination to evidence a minimum proficiency in the aligned accounting discipline learning outcomes included in this unit. 

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAA261 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

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