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HE Unit Template
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Accounting and Finance
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BUACC5901 - Accounting and Finance
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20260200
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Course
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3.3
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2026-09-10
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Postgraduate - Coursework
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15
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.125
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080101
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Accounting
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080101 - Accounting
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<a href="http://www.federation.edu.au/locate/unit/buacc5901">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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9
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Masters Degree
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Introductory
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0
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<p>This unit develops students understanding of the nature and purpose of accounting, and the environment within which accounting information is prepared and used. Practical and theoretical exercises are used to master the principles to determine when an accounting event is recognised, and the system of recording that is used. The unit covers the ethical responsibility of preparers and auditors of financial statements, and how market-based economic systems rely on having financial reports that are true and fair. The forces that have led to increasing internationalisation of accounting regulation are examined. The use of accounting information for internal financial management is examined through a consideration of topics such as cost-volume-profit analysis, capital project evaluation, and alternative debt/equity financing strategies. Budgets are studied as a means for planning and controlling business activity. Each topic is introduced by a critical review of key theoretical concepts that are then applied to practical settings.</p>
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<p>•The structures available for business organisations<br>
•Ethics and corporate governance<br>
•Financial accounting. Topics include recording transactions, issues of measurement, the Balance Sheet, the Income Statement, and the Statement of Cash Flows<br>
•Analysis of financial statements<br>
•Management accounting. Topics include budgeting, cost-volume-profit analysis, investment analysis, and financing decisions</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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Year
2027
Current Year
2026
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BUACC5901 - Accounting and Finance
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BUACC5901 - Accounting and Finance
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Semester
Semester 1
Semester 2
Summer Semester
Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
Parent Region
Overview
Unit description
<p>This unit develops students understanding of the nature and purpose of accounting, and the environment within which accounting information is prepared and used. Practical and theoretical exercises are used to master the principles to determine when an accounting event is recognised, and the system of recording that is used. The unit covers the ethical responsibility of preparers and auditors of financial statements, and how market-based economic systems rely on having financial reports that are true and fair. The forces that have led to increasing internationalisation of accounting regulation are examined. The use of accounting information for internal financial management is examined through a consideration of topics such as cost-volume-profit analysis, capital project evaluation, and alternative debt/equity financing strategies. Budgets are studied as a means for planning and controlling business activity. Each topic is introduced by a critical review of key theoretical concepts that are then applied to practical settings.</p>
Unit content
<p>•The structures available for business organisations<br> •Ethics and corporate governance<br> •Financial accounting. Topics include recording transactions, issues of measurement, the Balance Sheet, the Income Statement, and the Statement of Cash Flows<br> •Analysis of financial statements<br> •Management accounting. Topics include budgeting, cost-volume-profit analysis, investment analysis, and financing decisions</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
080101 - Accounting
Offering:
<p><strong>Semester 1</strong><p>Melbourne City Campus (On Campus)</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buacc5901">View unit fees</a>
Requisites
Prerequisite
None
Corequisite
None
Exclusion
None
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Identify the issues and consequences in determining the structure within which to operate a business or other organisation, and the agency relationship existing between the managers and owners of a company</p>
K2
<p>Comprehend basic ethical frameworks, and the practical importance of ethics and corporate governance in accounting and in business, and how accounting regulation is being increasingly internationalised</p>
K3
<p>Identify the fundamental principles applied in identifying, measuring and recording financial transactions, and the structure of the General Purpose Financial Reports</p>
K4
<p>Comprehend the wealth of information available in General Purpose Financial Reports and recognise the element of subjectivity involved in processing transactions upon which these reports are based</p>
K5
<p>Evaluate a range of investment analysis techniques, financing decisions, budgeting, and cost-volume-profit analysis</p>
S1
<p>Analyse a business context and use the information obtained to make an informed decision as to the most suitable structure within which to operate</p>
S2
<p>Analyse business events to determine whether a transaction has occurred, its timing, the accounting elements that have been affected, and resolve any measurement issues that arise</p>
S3
<p>Reflect critically on the role of accounting and finance within organisations</p>
A1
<p>Identify the limitations that exist relating to financial accounting and management accounting information</p>
A2
<p>Formulate information from diverse sources into a structure so that it might be analysed and recommendations made based on the application of accounting and finance knowledge and skills</p>
A3
<p>Undertake a critical and systematic evaluation of the efficiency, liquidity, capital structure, and investment performance of a publicly listed company, and communicate the findings in a way that can be understood by a non-specialist audience</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Review of selected topics, based on class activities, reading, and preparation of responses to set questions. The task will require students to observe, reflect and critically analyse a situation with the application of theory.</p>
<p>Written Task or Presentation</p>
<p>10 - 20%</p>
K1, K2, K3, K4, S1, S2, A1
2
<p>Group case study and/or essay requiring research and the preparation of calculations and/or written responses.</p>
<p>Written Task or Presentation</p>
<p>20-40%</p>
K3, K4, S1, S3, A1, A2, A3
3
<p>Comprehensive review of all topics, based on class activities, reading, and preparation of responses to set questions.</p>
<p>Examination or Oral or written Assignment</p>
<p>40 - 50%</p>
K1, K2, K3, K4, K5, S1, S2, S3, A1, A2, A3
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
080101 - Accounting
Offering:
<p><strong>Semester 1</strong><p>Melbourne City Campus (On Campus)</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buacc5901">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BUACC5901 - U3.3