Financial Accounting and Theory
Duration
- One Semester or equivalent
Contact hours
- 36
2020 teaching periods
Hawthorn
| Higher Ed. Semester 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: |
Prerequisites
Concurrent pre-requisites:
Indicates a unit can be either completed proir or at the same time
Aims and objectives
This unit develops students’ knowledge of the theoretical and technical underpinnings of current financial and non-financial reporting practices and market reactions to financial and non-financial information.
Unit Learning Outcomes
Students who successfully complete this Unit should be able to:
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Online Mode (SOL):
Student workload:
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Scheduled hours: Workshop/Class (12 x 3 hours)
Engaging with online content and discussions
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
1. Assignment 1 (Individual) 40-60%
2. Final Examination (Individual) 40- 60%
2. Final Examination (Individual) 40- 60%
General skills outcomes
During this unit, students will receive feedback on the following key generic skills:
• Teamwork skills
• Problem solving skills
• Qualitative and quantitative research skills
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
• Teamwork skills
• Problem solving skills
• Qualitative and quantitative research skills
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
Content
• Conceptual frameworks for financial and non-financial reporting
• Presentation of Financial Statement and Disclosures
• Measurement models in accounting
• Accounting for revenue, provisions and contingencies
• Accounting for assets
• Positive Accounting Theory
• Accounting for income tax
• Accounting for business combinations
• Preparation of consolidated financial statements
Study resources
- Reading materials and references.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.
References
Loftus, J., Leo, k., Daniliuc, S., Boys, N., Luke, B., Ang, H. and Byrnes., K (2018), Financial Reporting (second Edition), John Wiley & Sons Australia, Milton