Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Peipei Pan
Contact via peipei.pan@mq.edu.au
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
ACCG100(P) or ACCG105(P)
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit aims to build on the principles and concepts of financial accounting established in ACCG100. Topics include an examination of the regulatory framework of financial accounting including the definition, recognition and measurement of assets, liabilities, income and expenses. Aspects of investor decision making are covered, including financial statement analysis. In addition, the unit introduces students to aspects of management accounting including cost-volume-profit analysis, job costing and concepts relating to budgeting. The unit develops graduate capabilities centred on effective oral and written communication skills, and analytical and critical thinking skills.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Due |
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1. Assessed Coursework | 15% | Random collection |
2. Assignments | 35% | various weeks |
3. Final Examination | 50% | Formal Examination Period |
Due: Random collection
Weighting: 15%
a) Five random homework collection (5%)
b) In-class participation (10%)
Please refer to assessment guide for further information.
Submission:
In your designated tutorials.
Extension:
Students absent from classes for medical reasons, upon presentation of medical certificate will be granted an allowance to submt an assitional tutorial homework. Each students is only granted allowance for missing one tutorial homework due to misadventure or sickness. No supplementary assessment on in-class participation will be provided.
Penalties:
ZERO will be assigned for non-submission of homework unless the allowance is given. Regarding in-class participation, medical certificate must be submitted within a reasonable timeframe, and approved in which case the weighting of the final exam will be adjusted to include the marks for this assessment. Otherwise a mark of ZERO will be assigned.
Due: various weeks
Weighting: 35%
(a) Two MYOB activities worth 20%
(b) Personal resume worth 5%
(c) Reflective Learning Report (850 - 1000 words) worth 10%
Please refer to assessment guide for further information.
Extension:
No extension will be granted, except for cases in which an application for special consideration is received (with any supporting documentations) within a reasonable timeframe and approved by the UC.
Penalties:
A mark of ZERO will be assigned for late or non-submission, unless a special consideration application is submitted and approved. In the case of special consideration being granted the marks will be allocated to the final exam.
Due: Formal Examination Period
Weighting: 50%
A final examination is included as an assessment task for this unit to provide assurance that:
i)the product belongs to the student and
ii)the student has attained the knowledge and skills tested in the exam.
A three hour final examination plus 10 minutes reading time for this unit will be held during the university examination period. All topics covered in the unit are examinable.
You are expected to present yourself for examination at the time and place designated in the university examination timetable. The timetable will be available in draft form approximately eight weeks before the commencement of the examinations and in final form approximately four weeks before the commencement of the examinations. http://www.timetables.mq.edu.au/exam
If a Supplementary Examination is granted as a result of the Special Consideration process the examination will be scheduled as per the Supplementary Examination timetable of the Faculty. Please note that the supplementary examination will be of the similar format as the final examination.
What is required to complete the unit satisfactorily:
1) Satisfactory completion of all assessment tasks
2) To pass this unit a student’s overall performance must be satisfactory, and additionally he/she MUST PASS the final examination.
Classes
http:www.timetables.mq.edu.au/
Prizes
More information can be found on the following web page:
http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships
Required and recommended texts and/or Materials
John Wiley and Sons, Sydney, Australia.
Technology Used and Required
Unit Web Page
Learning and Teaching Activities
In the lecture, you will be given practical explanations and examples to supplement the text materials. For every week, you are expected to read both the textbook chapter(s) highlighted in the Unit Schedule and any supplementary materials specified on the unit web page. You are also expected to read the relevant text chapters and supplementary materials before attending the lecture. Lecture slides in pdf format will be available on the unit web page on a weekly basis. It is suggested that you bring a copy of the lecture slides to each class and make any additional notes you think are important.
Tutorials will commence in week 2. The purpose of tutorials is to provide an interactive learning environment in which students will practise the materials covered in lectures. You are required to prepare the weekly tutorial questions before attending the tutorial. These will assist you for the in-class handouts that will count towards your final assessment as well as prpeare you for the types of questions in the final examination. It is suggested you bring your tetxbook to class. Selected solutions to tutorial questions will be available on the unit web page on a weekly basis. You are expected to study the solutions prvided and compare them with your own attempts. If you are experiencing difficulties then it is suggested you attend PAL sessions or consultations provided for this unit.
Week & Lecture |
Lecture Week Commencing |
Topic | Text Topic Number |
1 | 3rd March |
Revision of Important Financial Accounting Concepts |
(HEM) Chapters 4,5,18,19 &20 |
2 | 10th March | Accounting Regulation and Conceptual Framework |
(HEM) Chapter 17 |
3 | 17th March |
Non-current assets (MYOB lecture 1 on 22nd March) |
(HEM) Chapter 21 |
4 | 24th March | Accounting for Liabilities |
(HEM) Chapter 22 |
5 | 31st March |
Equity in Business - Partnerhsips (MYOB assignment 1 due by 6 p.m Friday 4th April) |
(HEM) Chapter 15 |
6 | 7th April |
Equity in Business - Companies (Part 1) (MYOB lecture 2 on 12th April) |
(HEM) Chapter 16 |
14th-27th April |
Mid-semester break no classes |
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7 | 28th April |
Equity in Business - Companies (Part 2) (MYOB lab exam on 3rd May) |
(HEM) Chapter 16 |
8 | 5th May |
Financial Statement Analysis (Resume assignment due by 6 p. m. Friday 9th May) |
(HEM) Chapter 25 |
9 | 12th May | Accounting for GST |
(HEM) Chapter 3 Appendix |
10 | 19th May | Introduction to Management Accounting |
(HEM) Chapter 8 |
11 | 26th May |
Cost-volume-profit analysis (Reflective learning report due by 6 p. m. Friday, 30th May) |
(HEM) Chapter 11 |
12 | 2nd June | Budgeting |
(HEM) Chapter 12 |
13 | 8th June |
Revision (No class on 9th June, Monday classes have been rescheduled on 8th June) |
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Lecturer: Peipei Pan |
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Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
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Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
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