MAA716 - Financial Accounting

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne), Online
Trimester 2: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Sutha Kanapathippillai
Trimester 2: Sutha Kanapathippillai
Prerequisite:

MPA701

Prerequisite for M701, M731, M751 students: MBA702/MBR702 or MBA711/MBR711 or MPA702 or MPA751/MPR751/MPT751

Corequisite:Nil
Incompatible with: MAA702, MAA718, MAA777
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 (recordings provided) each week

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

1 x 2 hour online seminar (recordings provided) in weeks 2, 4, 6, 8 and 10

Content

This unit builds on introductory accounting that was developed in MPA701 Accounting. The focus of this unit is on gaining an understanding of the regulatory and conceptual frameworks which underpin accounting for corporate entities. Understanding these frameworks and accounting standards ensures that the logic behind existing accounting rules and possible alternative approaches can be understood leading to a deeper understanding of what accounting is trying to achieve.

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

Explain, discuss and integrate the technical and theoretical knowledge about the regulatory environment relating to Australian corporate accounting and reporting; and apply the relevant concepts to "real" situations.

GLO1: Discipline-specific knowledge and capabilities
GLO2: Communication

ULO2

Identify, discuss, evaluate and apply the relevant accounting standards relating to definition, recognition, measurement and disclosure requirements of accounting elements, assets, liabilities, equity, income and expenses. 

GLO1: Discipline-specific knowledge and capabilities
GLO2: Communication

ULO3

Explain, discuss and evaluate the issues involved in accounting for investment in subsidiaries; and apply this knowledge in preparing group accounts.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving

ULO4

Apply the appropriate technical and theoretical knowledge in preparing consolidated financial statements by making reference to relevant accounting standards.

GLO1: Discipline-specific knowledge and capabilities
GLO2: Communication
GLO4: Critical thinking
GLO5: Problem solving

Assessment

Assessment description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Case Study:

Part A: (Individual) Report (Research)
Part B: (Individual) Data Analysis

Part A: 1000 words
Part B: 500 words + worksheet

Part A: 10%
Part B: 10%

Week 6

Assessment 2: (Individual) Case Study Data Analysis

1500 words + worksheet 20% Week 11
Examination - Specified Resources 2 hours 60% 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: achieve at least 50% of the marks available on the examination to evidence a minimum proficiency in the aligned 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: MAA716 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

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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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