MAA261 - Financial Accounting


2023 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
Previously coded as: MAA203
EFTSL value: 0.125
Cohort rule: Nil


Corequisite: Nil
Incompatible with: MAA102, MAA203
Study commitment

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

Scheduled learning activities - campus

1 x 3 hour on-campus seminar per week

Scheduled learning activities - online

1 x 3 hour online seminar per week 


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.

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. 

Unit Fee Information

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