General Information
This subject provides an introduction to financial accounting principles and practices and the analysis of financial information for executives. The subject adopts a ‘user’ perspective and focuses on using information produced by the accounting system in business decision-making. As financial analysis is critical to senior management decision-making the subject represents an essential component in the curriculum of MBA students. The subject is not intended to develop accounting practitioners but rather develop financial literacy to be able to direct such practitioners and make informed strategic decisions.
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Details
Academic unit: Bond Business School Subject code: EXEC71-016 Subject title: Financial Accounting and Analysis Subject level: Postgraduate Semester/Year: September 2017 Credit points: 10.000 -
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Intensive Workload items: - Seminar: x1 (Total hours: 4) - Seminar 1 (Monday)
- Seminar: x1 (Total hours: 4) - Seminar 2 (Tuesday)
- Seminar: x1 (Total hours: 4) - Seminar 3 (Wednesday)
- Seminar: x1 (Total hours: 4) - Seminar 4 (Thursday)
- Seminar: x1 (Total hours: 4) - Seminar 5 (Friday)
- Seminar: x1 (Total hours: 4) - Seminar 6 (Saturday)
- Seminar: x1 (Total hours: 4) - Seminar 7 (Sunday)
- Seminar: x1 (Total hours: 4) - Seminar Presentation (Sunday 14th January)
- Personal Study Hours: x12 (Total hours: 72) - Study time and reviewing materials
Attendance and learning activities: Subject delivered in intensive mode (Week 11). Students need to attend all seminars to be able to complete assessment activities. -
Resources
Prescribed resources: Books
- Duncan, Keith and McNamara, Ray (2016). Accounting for Decision-Making. 8.1.1, Scottsdale, AZ BookPatch LLC, The 337
iLearn@Bond & Email: iLearn@Bond 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
| Academic unit: | Bond Business School |
|---|---|
| Subject code: | EXEC71-016 |
| Subject title: | Financial Accounting and Analysis |
| Subject level: | Postgraduate |
| Semester/Year: | September 2017 |
| Credit points: | 10.000 |
| Timetable: | https://bond.edu.au/timetable |
|---|---|
| Delivery mode: | Intensive |
| Workload items: |
|
| Attendance and learning activities: | Subject delivered in intensive mode (Week 11). Students need to attend all seminars to be able to complete assessment activities. |
| Prescribed resources: | Books
|
|---|---|
| iLearn@Bond & Email: | iLearn@Bond 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 |
Enrolment requirements
| Requisites: |
Nil |
|---|---|
| Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge. No Prior Knowledge Required Only available to EMBA students |
| Restrictions: |
Nil |
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:
- Our students will be able to interpret financial statements understand their limitations and uses, and critically analyze financial performance using contemporary analysis techniques and be able to show the impact of financial information on markets - Knowledge and Critical Thinking.
- Our students will be able to co-operate as a member and/or a leader in a functional team that completes a company financial analysis project - Leadership, Initiative and Teamwork and Communication Attributes.
- Our students will be able to coordinate the written project analysis with other group members to prepare and submit a professional report - Communications Skills (Written), Leadership, Teamwork and Initiative, and Responsibility Attributes.
- Our students will be able to undertake a verbal presentation of their work that is coordinated with other group members to explain the results of their project and the methods and analysis used - Communications Skills (Oral and Non Verbal) and Leadership, Teamwork and Initiative Attributes.
- Our students will be able to contribute to the decisions on financial accounts at the board level - Knowledge and Critical Thinking, Responsibility Attribute.
Generative Artificial Intelligence in Assessment
The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.
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Assessment details
Type Task % Timing* Outcomes assessed Essay Announcement Analysis (Individual) - Wednesday (of intensive week) 10.00% Week 11 5 Project Plan§ Homework Problem and Presentation (Group and Individual) - Friday (of intensive week) 20.00% Week 11 1 Project Report§ Board Submission (Group) and Individual Essay - Sunday (of intensive week) 30.00% Week 11 1,2,3,4,5 Project Report§ Financial Analysis Project (Group) - January Assessment Review Session 40.00% Week 11 1,2,3,4,5 - § 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.
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Assessment criteria
Assessment criteria
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. Quality assurance
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.
| Type | Task | % | Timing* | Outcomes assessed |
|---|---|---|---|---|
| Essay | Announcement Analysis (Individual) - Wednesday (of intensive week) | 10.00% | Week 11 | 5 |
| Project Plan§ | Homework Problem and Presentation (Group and Individual) - Friday (of intensive week) | 20.00% | Week 11 | 1 |
| Project Report§ | Board Submission (Group) and Individual Essay - Sunday (of intensive week) | 30.00% | Week 11 | 1,2,3,4,5 |
| Project Report§ | Financial Analysis Project (Group) - January Assessment Review Session | 40.00% | Week 11 | 1,2,3,4,5 |
- § 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.
Assessment criteria
| 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. |
Quality assurance
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.
Study Information
Submission procedures
Students must check the iLearn@Bond 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.
Academic Integrity
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.
Bond University utilises Originality Reporting software to inform academic integrity.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.
Accessibility and Inclusion Support
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
Subject curriculum
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Introduction - Financial Accounting, Decision Making and Valuation
n/a
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Financial Statements and Interrelationship
n/a
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Measurement and Reporting Process
n/a
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Workshop and Discussion
n/a
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Announcement Project Presentation
Presentation of announcement project findings by each student.
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Reporting and Analysis of Current Assets
n/a
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Accounting Systems and Governance
n/a
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Preparing Financial Statements, Quality of Earnings and Earnings Management
Presentation and discussion of take-home exercise.
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Reporting and Analysis of Liabilities and Equity
n/a
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Financial Statement Analysis – Discovering the Magic Pudding
Hands on analysis of financial statements - building your analysis template.
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Workshop – Individual Case Analysis
Workshop with each group to guide and discuss their Board presentation case topic.
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Case Presentations and Discussion
Each group to present their Board submission and class to discuss and integrate the implications of each issue.
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Major Project Presentation - January session
Each group to present their analysis and insights in the January session.