MPA701 - Accounting
Unit details
Year: | 2020 unit information |
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Important Update: | Classes and seminars in Trimester 3, 2020 will be online. Last updated: 5 October 2020 |
Enrolment modes: | Trimester 1: Burwood (Melbourne), Online Trimester 2: Burwood (Melbourne), Online Trimester 3: Burwood (Melbourne), Online |
Credit point(s): | 1 |
Previously coded as: | MAA701 |
EFTSL value: | 0.125 |
Unit Chair: | Trimester 1: Lyu Fan Trimester 3: Kerui Zhai Trimester 2: Lyu Fan |
Prerequisite: | Nil |
Corequisite: | Nil |
Incompatible with: | MAA717, MAA761, MAA776, MAA777, MAA778 |
Typical 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 seminar per week |
Scheduled learning activities - cloud: | Online independent and collaborative learning including 3 scheduled online workshops of 3 hours duration |
Content
This unit assumes no previous specific accounting knowledge and concentrates on financial accounting with the objective of students understanding the basic principles and procedures governing what and how information is processed. This includes an analysis of financial reporting outcomes to interpret what the outcomes reveal, together with any shortcomings of processes that may impact upon the quality of information presented. Students will make use of several software tools to facilitate learning, including a commercial accounting package, as part of the learning process.
| These are the Learning Outcomes (ULO) for this Unit | |
ULO1 | Explain the institutional and regulatory environment for general purpose financial reporting | GLO1: Discipline-specific knowledge and capabilities |
ULO2 | Evaluate the components of the conceptual framework and apply the conceptual framework to accounting decisions | GLO1: Discipline-specific knowledge and capabilities |
ULO3 | Identify economic events and account for the associated transactions manually applying the principles of accrual accounting | GLO1: Discipline-specific knowledge and capabilities GLO4: Critical thinking |
ULO4 | Evaluate the treatment of items in the financial statements and apply relevant accounting standards. | GLO1: Discipline-specific knowledge and capabilities GLO4: Critical thinking |
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment
Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
Assessment 1 (Individual) - Multiple choice quiz (online) | - | 5% | Week 5 |
Assessment 2 (Individual) - Report (Business) | 1200 words | 15% | Week 7 |
Assessment 3 (Individual) - Case study | 2000 words | 20% | Week 9 |
Examination | 2 hours | 60% | Exam 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: achieve at least 50% of the marks available on the examination
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: MPA701 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
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