Course Title: Financial Accounting
Part A: Course Overview
Course Title: Financial Accounting
Credit Points: 12.00
Important Information:
Please note that this course may have compulsory in-person attendance requirements for some teaching activities.
To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.
Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.
Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus
Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.
Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ACCT2228 |
City Campus |
Undergraduate |
525T Business & Enterprise |
Face-to-Face |
Sem 1 2022, Sem 2 2022, Sem 2 2023 |
ACCT2228 |
City Campus |
Undergraduate |
650T Vocational Business Education |
Face-to-Face |
Sem 1 2014, Sem 2 2014, Sem 2 2017, Sem 1 2018, Sem 2 2018, Sem 2 2019, Sem 1 2020, Sem 2 2020, Sem 1 2021, Sem 2 2021 |
Flexible Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ACCT2228 |
City Campus |
Undergraduate |
525T Business & Enterprise |
Face-to-Face |
UGRDFlex22 (ZZZZ), UGRDFlex22 (ZZZ1) |
ACCT2228 |
City Campus |
Undergraduate |
650T Vocational Business Education |
Face-to-Face |
UGRDFlex21 (ZZZZ), UGRDFlex21 (All) |
Course Coordinator: Craig Punshon
Course Coordinator Phone: Please email
Course Coordinator Email: Craig.punshon@rmit.edu.au
Course Coordinator Location: Building 80- SAB
Course Coordinator Availability: By Appointment
Pre-requisite Courses and Assumed Knowledge and Capabilities
Assumed Knowledge:
It is assumed you have an appreciation of the fundamental accounting concepts and practices which would be achieved through the completion of Accounting in Organisations and Societies.
Course Description
This course provides an introduction to the accounting requirements, concepts and principles that underlie financial accounting. You will learn to evaluate and apply accounting concepts and principles to support effective business decisions. In particular you will undertake an investigation of the accounting information system, cycle and financial statements of a particular organisation in order to come to a reasoned conclusion about the financial condition/status of the organisation.
Objectives/Learning Outcomes/Capability Development
-
On successful completion of this course you will be able to:
- Evaluate the concepts and theories that explain the production and/or usage of financial accounting reports.
- Appreciate the role of the social, environmental and regulatory environment in shaping the nature and content of financial reporting.
- Produce a range of basic financial reports in a range of contexts that comply with relevant accounting principles and standards.
- Interpret financial reports and communicate key findings to a range of stakeholders both internally and externally.
- Apply an adaptive and collaborative approach to working with others in the preparation of a Business Folio.
- Analyse, interpret and evaluate financial data and accounting information to inform economic decision making in organisations.
Overview of Learning Activities
The major learning activities in this course are:
- Lectures that cover topic learning outcomes, these will provide an overview of each topic, including the introduction of key terms and worked practical problems.
- Class exercises and relevant readings are provided in the teaching schedule. You will be completing these tasks during the class time. The classes provide you with a vehicle to be able to question the learning, collaborate with fellow students and to participate in group activities.
In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.
Overview of Learning Resources
This course is supported online by the use of the myRMIT where various materials will be supplied progressively throughout the semester - including lecture outlines, tutorial solutions and other relevant materials. You are advised to regularly check your Course site.
Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.
It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus, including the classroom and outside of class times.
Overview of Assessment
The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:
Assessment Task 1: 25%
Linked CLOs: 2, 3, 5
Assessment Task 2: 25%
Linked CLOs: 1, 3, 6
Assessment Task 3: 50%
Linked CLOs: 2, 3, 4, 5, 6
Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.