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2021 unit information
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Last updated: 4 June 2021
MAA103
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
1 x 2 hour class, 1 x 1 hour seminar per week
Online independent and collaborative learning including weekly online seminars of 1 hour duration
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.
Comprehend accounting as a language of business.
GLO1: Discipline-specific knowledge and capabilitiesGLO3: Digital literacyGLO6: Self-ManagementGLO7: Teamwork
ULO2
Understand the nature of the accounting information systems; record transactions in journals and ledgers; incorporate end of the year adjustments; and prepare financial statements of small and medium scale business organisations.
GLO1: Discipline-specific knowledge and capabilitiesGLO3: Digital literacy
ULO3
Record business transactions and prepare financial statements using an accounting software (XERO), in small and medium scale business organisations.
GLO1: Discipline-specific knowledge and capabilitiesGLO3: Digital Literacy
ULO4
Evaluate the treatment of items in the financial statements and appreciate the impact of accounting standards on business organisations.
GLO1: Discipline-specific knowledge and capabilitiesGLO6: Self-managementGLO7: Teamwork
ULO5
Apply related accounting concepts, assumptions and principles and prepare accounts of businesses in the forms of a 'sole owner' and ‘limited liability companies’.
GLO1: Discipline-specific knowledge and capabilities
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment 1: Case study (Individual) Practical assignment comprising:Part A: Manual ProcessingPart B: Xero(cloud) accounting
equivalent to 3,000 words
30%
Part A:20%Part B: 10%
Assessment 2: (Group of 4) Case study
Part A Written analysis and interpretation of accounting issues or systems using appropriate technology tools. (1,000 words) 10%Part B Reflection of self-management and teamwork 10% (1,000 words)
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: achieve at least 50% of the marks available on the examination and submit all assessments.
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.
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