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Financial Accounting
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BUACC5934 - Financial Accounting
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20260200
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3.2
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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/buacc5934">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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<p>Financial Accounting (BUACC5934) is concerned with developing students' appreciation of the role that theory and practice has played in the development of financial reporting and examines contemporary issues, including measurement, the conceptual framework, specific accounting standards, and environmental and social accounting. The unit is designed to develop students' analytical and appreciative skills and provide students with the opportunity to further develop their mastery of technical and critical thinking skills; information literacy in financial accounting; and develop an international awareness of financial accounting issues.</p>
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<p>•Overview and analysis of definition, recognition and measurement issues in financial accounting<br>
•Explain and relate theories of financial accounting regulation<br>
•Interpretation, application and evaluation of selected International and Australian financial reporting regulations, including accounting standards governing a number of topics such as accounting for leasing, employee benefits and financial instruments<br>
•Enhancement of professional and ethical understanding through accounting for corporate social responsibilities</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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Semester
Semester
0200
Year
Year
2027
Current Year
2026
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BUACC5934 - Financial Accounting
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BUACC5934 - Financial Accounting
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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>Financial Accounting (BUACC5934) is concerned with developing students' appreciation of the role that theory and practice has played in the development of financial reporting and examines contemporary issues, including measurement, the conceptual framework, specific accounting standards, and environmental and social accounting. The unit is designed to develop students' analytical and appreciative skills and provide students with the opportunity to further develop their mastery of technical and critical thinking skills; information literacy in financial accounting; and develop an international awareness of financial accounting issues.</p>
Unit content
<p>•Overview and analysis of definition, recognition and measurement issues in financial accounting<br> •Explain and relate theories of financial accounting regulation<br> •Interpretation, application and evaluation of selected International and Australian financial reporting regulations, including accounting standards governing a number of topics such as accounting for leasing, employee benefits and financial instruments<br> •Enhancement of professional and ethical understanding through accounting for corporate social responsibilities</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/buacc5934">View unit fees</a>
Requisites
Prerequisite
<p>must have completed all of "<a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC5930" target="_blank">BUACC5930</a>" / "<a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC5932" target="_blank">BUACC5932</a>"</p>
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>Explain the foundations and the concepts associated with financial accounting</p>
K2
<p>Analyse recent developments in financial reporting standard setting</p>
K3
<p>Relate financial accounting theory and concepts to financial reporting practice</p>
K4
<p>Contrast the application of concepts and practice in specific circumstances</p>
S1
<p>Develop cognitive and technical ability in the application of financial accounting theory and concepts to financial accounting practice</p>
S2
<p>Enhance creative and communicative skills to explain complex financial accounting concepts and practice</p>
S3
<p>Critically reflect on the limitations of financial accounting theory, concepts and practice</p>
A1
<p>Make informed and autonomous decisions in complex financial accounting settings</p>
A2
<p>Exercise personal accountability and professionalism with regard to financial accounting situations</p>
A3
<p>Critique the global nature and context of financial reporting</p>
A4
<p>Plan and execute a research project in financial accounting evaluating complex situations</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, 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>Oral Presentation and / or Written Research Assignment</p>
<p>20-40%</p>
K2, K3, K4, S2, S3, A2, A3, A4
3
<p>Comprehensive review of all topics, based on class activities, reading, and preparation of responses to set questions.</p>
<p>Exam</p>
<p>50-70%</p>
K1, K2, K3, K4, S1, 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>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buacc5934">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BUACC5934 - U3.2