MAA261 - Financial Accounting


2022 unit information

Enrolment modes: Trimester 1: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Cloud (online)
Trimester 2: Burwood (Melbourne), Cloud (online)
Trimester 3: Burwood (Melbourne), Cloud (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 2 hour class, 1 x 1 hour seminar per week

Scheduled learning activities - cloud (online)

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.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination and submit all assessments.


Unit Fee Information

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