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2022 unit information
MAA103
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
1 x 3 hour seminar per week
Online independent and collaborative learning workshops 9 hours per trimester
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.
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 capabilitiesGLO4: Critical thinking
ULO2
Exercise professional judgement to analyse and solve complex financial reporting problems with appropriate accounting policies
GLO1: Discipline-specific knowledge and capabilitiesGLO5: Problem solving
ULO3
Critically analyse and interpret the information in the financial statements and disclosures
ULO4
Record business transactions and prepare financial statements using accounting software
GLO1: Discipline-specific knowledge and capabilitiesGLO3: Digital Literacy
ULO5
Evidence and reflect on teamwork when resolving complex accounting issues
GLO7: Teamwork
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment 1: (Individual) Case Study Xero (Cloud) Accounting
Assessment 2: (Individual) Case Study Manual processing
Assessment 3: (Individual and Group)
Part A: (Group of 4) Case Study (Report)
Part B: Written Reflection (self)
Part A: 1000 words
Part B: 1000 words
Part A: 10%
Part B: 10%
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: 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.
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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