Course search
2022 unit information
Nil
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 (Burwood (Melbourne), Warrnambool, Waterfront (Geelong) students only)
Online independent and collaborative learning including 11 scheduled online workshops of 1 hour duration
This introductory course teaches you how to use accounting information to make appropriate business decisions. You will learn to apply the fundamental concepts of double-entry accounting to record transactions, prepare financial reports, and to analyse and interpret their meaning. You will learn to use management accounting budgets and planning techniques, and will consider contemporary issues such as the role of ethics and the use of Integrated Reporting.
Explain the following in relation to financial accounting:
a) The role and purpose of accounting, accounting processes and systems across different business structures
b) The purpose of financial statements
c) The role and purpose of accounting standards
d) The regulatory environment for financial reporting
GLO1: Discipline-specific knowledge and capabilities
ULO2
Critically apply the principles and concepts underlying accounting (including the Conceptual Framework for Financial Reporting) to record different business transactions leading to the preparation of financial statements
GLO1: Discipline-specific knowledge and capabilitiesGLO4: Critical thinking
ULO3
Describe, critically analyse, and conduct cost-volume-profit analysis and budgeting in the context of operating a business
ULO4
Calculate, analyse, and critically interpret financial ratios
ULO5
Develop or use spreadsheets to record transactions and prepare reports
GLO3: Digital literacy
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment 1: (Individual) Case Study: journals and ledgers
Assessment 2: (Individual) Case Study: adjusting entries and financial statements
Assessment 3: (Individual/Group of 3) Case study: Excel spreadsheet with written report
Online Examination (Open book)
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.
The texts and reading list for the unit can be found on the University Library via the link below: MAA103 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.
Click on the fee link below which describes you:
