The unit introduces students to financial accounting concepts and practices required for processing transactions and producing and interpreting accounting reports within the context of accounting standards and internal and external user requirements. It develops students' professional attributes as they investigate transactions and financial reports that face contemporary businesses. The unit also critically commentates upon international financial accounting issues.

Unit details

Study level:
Credit points:
Unit code:

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Critically analyse, interpret and communicate financial information required for decision making and accountability by local and global organisations and external stakeholders;  
  2. Perform financial accounting activities using manual and digital means that exemplify ethical practices, values and dispositions in achieving mutual outcomes;  
  3. Compose creative sustainable solutions to complex financial accounting problems through analytical, communication and interpersonal skills; and  
  4. Exhibit high level personal autonomy and accountability within collaborative decision making activities in achieving ethical and socially responsible team outcomes.  


Assessment type Description Grade
Assignment Computer based assignment - Individual 20%
Report Group report and presentation 30%
Examination Final examination 50%

Required reading

Financial Accounting: Reporting, Analysis and Decision making 6th edn
Carlon et al (2019)

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.