MAA261 - Financial Accounting
Unit details
| Year | 2025 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 |
| EFTSL value: | 0.125 |
| Previously coded as: | MAA203 |
| Unit Chair: | Trimester 1: Eka Tan Trimester 2: Egor Evdokimov Trimester 3: Cecilia Hu |
| Cohort rule: | Nil |
| Prerequisite: | MAA103 |
| Corequisite: | Nil |
| Incompatible with: | MAA203 |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 3 hour on-campus seminar each week. |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | 1 x 3 hour online seminar (recordings provided) each week. |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
Content
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.
Learning Outcomes
| ULO | These are the Unit Learning Outcomes (ULOs) for this unit. At the completion of this unit, successful students can: | Alignment to Deakin Graduate Learning Outcomes (GLOs) |
|---|---|---|
| ULO1 | 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 capabilities |
| ULO2 | Apply appropriate accounting policies and exercise professional judgement to analyse financial reporting issues | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Critically analyse and interpret the information in the financial statements and disclosures. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Record business transactions and prepare financial statements using accounting software. | GLO1: Discipline-specific knowledge and capabilities |
| ULO5 | Evidence and reflect on teamwork when resolving complex accounting issues. | GLO7: Teamwork |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Case Study | Automatically generate financial report | 15% | Week 4 |
| Assessment 2: (Individual) Case Study Manual processing | Excel Worksheet | 15% | Week 5 |
| Assessment 3: Part A: (Group of 4) Case Study: Data Analysis with Written Report (Business) | Part A: 1000 words | Part A: 10% | Week 9 |
| Examination - Specified Resources | 2 hours | 50% | End-of-unit assessment period |
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
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.
Learning resource
The texts and reading list for MAA261 can be found via the University Library.
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.
Unit Fee Information
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.