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HE Unit Template
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Accounting Concepts and Practices
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BUACC5930 - Accounting Concepts and Practices
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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/buacc5930">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 is a foundation unit in financial accounting. The initial focus of the unit is on completing the accounting cycle for a sole trader; beginning with recording transactions, proceeding to the end of period adjustments, and concluding with financial statement analysis. The unit subsequently examines the accounting process for partnerships and companies. Students are introduced to the conceptual framework for financial reporting, corporate social responsibility and sustainability reporting. 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 nature and function of accounting<br>
•Double entry accounting<br>
•Preparation and analysis of financial reports<br>
•The regulatory and conceptual frameworks of accounting<br>
•Criticisms of conventional accounting practice and proposals for reform<br>
•Introduction to corporate social responsibility and sustainability reporting.<br>
•Ethics and accounting practice</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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2027
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2026
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BUACC5930 - Accounting Concepts and Practices
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BUACC5930 - Accounting Concepts and Practices
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2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
Parent Region
Overview
Unit description
<p>This is a foundation unit in financial accounting. The initial focus of the unit is on completing the accounting cycle for a sole trader; beginning with recording transactions, proceeding to the end of period adjustments, and concluding with financial statement analysis. The unit subsequently examines the accounting process for partnerships and companies. Students are introduced to the conceptual framework for financial reporting, corporate social responsibility and sustainability reporting. Each topic is introduced by a critical review of key theoretical concepts that are then applied to practical settings.</p>
Unit content
<p>•The nature and function of accounting<br> •Double entry accounting<br> •Preparation and analysis of financial reports<br> •The regulatory and conceptual frameworks of accounting<br> •Criticisms of conventional accounting practice and proposals for reform<br> •Introduction to corporate social responsibility and sustainability reporting.<br> •Ethics and accounting practice</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> <p><strong>Summer Semester</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/buacc5930">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>Describe the nature, purpose and function of accounting</p>
K2
<p>Demonstrate the way in which accounting transactions are recognised, measured, recorded and reported for different forms of business organisations</p>
K3
<p>Evaluate conventional accounting practice and recognise alternative accounting systems</p>
K4
<p>Explain the regulatory and conceptual frameworks applicable to accounting</p>
K5
<p>Explain the importance of corporate social responsibility and sustainability reporting.</p>
S1
<p>Record transactions in double entry format</p>
S2
<p>Prepare financial reports</p>
S3
<p>Analyse and use financial reports to make informed decisions</p>
A1
<p>Adapt and apply financial accounting principles in preparing financial reports</p>
A2
<p>Apply accounting information to make informed decisions.</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.</p>
<p>Test</p>
<p>10-20%</p>
K1, K2, K3, S1, A1
2
<p>Group case study and/or essay requiring research and the preparation of calculations and/or written responses.</p>
<p>Presentation and / or Written Assignment</p>
<p>20-40%</p>
K1, K3, K4, K5, S2, S3, A1, A2
3
<p>Examination</p>
<p>Exam</p>
<p>40-60%</p>
K1, K2, K3, K4, K5, S1, S2, S3, A1, A2
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> <p><strong>Summer Semester</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/buacc5930">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BUACC5930 - U3.3