Accounting Reports and Analysis
University of Melbourne
Area of Study
Accounting, Finance, Financial Management
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Host University Units12.5
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
This subject introduces students to the nature of accounting and its role in both financial markets and within organisations. Topics covered provide an overview of key financial and management accounting concepts and include: the constituent elements of financial statements; recognition, measurement and disclosure issues in the preparation of financial statements; accounting policy choices available to managers for key assets and incentives associated with policy choices; the analysis and interpretation of financial statement data; the use of accounting information within organisations to support managerial planning, control and decision making. The coverage and treatment of material in this course is specifically designed to meet the needs of undergraduate students from all disciplines. The focus is on the informed use of accounting information rather than the preparation of accounts.
Intended learning outcomes
-Explain the nature and purpose of accounting within financial markets and business organisations;
-Identify and explain different business structures and their external financial reporting requirements;
-Define and describe the major categories of assets, liabilities, equity, income, expenses and cash flow activities;
-Discuss recognition, measurement and disclosure issues pertaining to various line items in financial statements
-Analyse and interpret major financial statements and the accounting policy choices that influence their preparation;
-Analyse cost and revenue information for internal planning and decision making;
-Explain the concepts of corporate governance, ethics and ‘good governance’ and its influence on accounting;
-Critically evaluate the strengths and weaknesses of accounting information relative to the purposes it serves.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.