An introduction to financial accounting principles and practices critical for executive decision-making and the management of these organisational processes. Importantly, the approach to this subject is a focus on the use of accounting information, rather than how it is created. The overall aim is to develop financial literacy necessary for managers and executives to make informed strategic decisions.
|Academic unit:||Bond Business School|
|Subject title:||Financial Accounting and Analysis|
Delivery & attendance
|Attendance and learning activities:||Attendance at all class sessions is expected. Students are expected to notify the instructor of any absences with as much advance notice as possible.|
|Prescribed resources:|| |
|[email protected] & Email:||[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.|
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
|Restrictions: ?|| This subject is not available to|
Must be admitted into an EMBA Program.
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Demonstrate the impact of financial information on value.
- Critically analyse the impact of context on accrual decisions and the implication for the financial statements.
- Critically analyse financial performance using contemporary analysis techniques to show the impact on market value.
- Justify recommendations to the board regarding the reporting of financial performance and position, balancing contextual, contractual and governance constraints with strategic objectives.
- Demonstrate the ability to co-operate as a member and/or a leader in a team that completes a financial analysis project.
- Articulate ideas, decisions, recommendations and other information in a clear, concise professional report.
- Deliver a clear, concise, well-organised presentation to explain the results of their project and the methods and analysis used.
|Project Report §||Board submission||30%||In Consultation||4, 6, 7.|
|Project Report § ^||Financial analysis project||30%||In Consultation||3, 5, 6.|
|Project Report §||Homework problem and presentation||10%||In Consultation||2, 7.|
|Project Report||Announcement project and presentation||10%||In Consultation||1, 6, 7.|
|Presentation ^||Financial analysis project presentation||10%||In Consultation||3, 7.|
|Essay ^||Earnings management essay (board submission)||10%||In Consultation||2, 4, 6.|
- ^ Students must pass this assessment to pass the subject
- § Indicates group/teamwork-based assessment
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
|High Distinction||85-100||Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.|
|Distinction||75-84||Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.|
|Credit||65-74||Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.|
|Pass||50-64||Usually awarded to students whose performance meets the requirements set for work provided for assessment.|
|Fail||0-49||Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.|
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Students must check the [email protected] subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Policy on plagiarism
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
Additional subject information
A peer-evaluation system will be used in this subject to help determine the individual marks for all group assessments. As part of the requirements for Business School quality accreditation, the Bond Business School employs an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Introduces the role of financial information in representing the underlying business and the linkage with financial markets.
Introduces the articulation of financial statements, the processes for creating them, and the impact on markets. Also considers the importance of professional judgment in the accrual process.
Employs event study methodology to consider and test the impact of firm profit announcements on the cumulative abnormal return (value) of companies, while controlling for market and industry effects.
Examines the valuation, reporting and interpretation of current and non-current assets, including accrual decisions.
Explores the role accounting systems producing reliable financial statements and the role of governance in monitoring management’s reporting and accrual decisions.
Explores financial statement preparation with an emphasis on reporting decisions, estimates, accrual decisions, and the impact of governance and context on reporting profits and assets.
Considers the theory and practice underlying the recognition of liabilities and equity, including accrual decisions, reporting and interpretation.
Develops a process and financial model to analyse the growth, performance and value drivers of a firm using financial databases.
Examines the process of negotiating the financial statements (profit and balance sheet) within the audit committee of the board. Explores the combined impact of contextual, contractual and governance constraints, and the firm’s strategic objectives on the financial statements.