Financial Accountability and Reporting
RMIT University Vietnam
Ho Chi Minh City, Vietnam
Area of Study
Taught In English
You should have a sound knowledge of both basic and analytical accounting.
Host University Units12
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4.5
Hours & Credits
Financial Accountability and Reporting is a compulsory core unit in the Bachelor of Business (Accountancy) and the Bachelor of Business (Professional Accountancy) degrees.
This course will cover the regulation of financial reporting requirements, and develop your ability to construct, analyse and interpret publicly available financial reports to make informed decisions as an accounting professional and to recognise the implications of accounting in the social and institutional context.
You will explore the key accounting standards and develop skills to interpret and review publicly available financial information such as annual reports.
The knowledge and skills gained in this course can be applied in a variety of business contexts including the preparation and interpretation of accounts and the creation of share portfolios.
Objectives/Learning Outcomes/Capability Development
On the successful completion of this program you will be able to:
- Apply your knowledge of Australian accounting standards in the preparation of corporate financial reports.
- Interpret and apply specific accounting standards to solve a range of accounting issues related to financial reports preparation.
- Critically analyse specific accounting issues related to financial accounting regulation and annual reports preparation to identify the social implications of accounting.
- Develop knowledge about the appropriate use of accounting standards to accurately apply the most appropriate treatment to different cases and circumstances.
- Communicate using appropriate expressions and accounting terms to provide sound support to your judgments about accounting and business issues.
Overview of Learning 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
Various learning resources are available online through MyRMIT StudiesBlackboard. These may include topic notes and slides, a study schedule, assessment details, links to relevant internet information, readings and communication tools to facilitate collaboration with your peers and sharing of information.
Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.
Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.
Overview of Assessment
The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:
Assessment Task 1: 20%
Linked CLOs: 1, 2, 4
Assessment Task 2: 30%
Linked CLOs: 1, 2, 3, 4, 5
Final Exam 50%
Linked CLOs: 1, 2, 3, 4, 5
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.