Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Fareeza Khan
Contact via fareeza.khan@mq.edu.au
Moderator
Amy Tung
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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 | 25% | Random collection |
2. Assignments | 20% | various weeks |
3. Final Examination | 55% | Formal Examination Period |
Due: Random collection
Weighting: 25%
a) Five random homework collection (10%)
b) In-class participation (15%)
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 submit an additional 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: 20%
(a) Two MYOB activities worth 15%
(b) Reflective Learning Report (850 - 1000 words) worth 5%
Please refer to assessment guide for furhther 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.
Due: Formal Examination Period
Weighting: 55%
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.
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
Required and recommended texts and/or Materials
John Wiley and Sons, Sydney, Australia.
Technology Used and Required
Changes since the last offering of this unit
*The delivery of this unit is consistent with the last offering
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 1. 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 consultations and accounting support provided.
Week & Lecture |
Lecture Week Commencing |
Topic | Text Topic Number |
1 | 10th November |
Revision of Important Financial Accounting Concepts |
(HEM) Chapters 4,5,18,19 &20 |
2 | 17th November | Accounting Regulation and Conceptual Framework |
(HEM) Chapter 17 |
3 | 24th November |
Accounting for GST (MYOB lecture 1 on Saturday 29th November) |
(HEM) Chapter 3 Appendix |
4 | 1st December |
Non - Current assets
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(HEM) Chapter 21 |
5 | 8th December |
Accounting for Liabilities (MYOB lecture 2 on Saturday 13th December) |
(HEM) Chapter 22 |
6 | 15th December |
Equity in Business - Partnerships (MYOB Assignment 1 due by 6.00 p.m. Friday 19th December) |
(HEM) Chapter 15 |
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7 | 22nd December |
Equity in Business - Companies (Part 1) |
(HEM) Chapter 16 |
8 | 5th January |
Equity in Business - Companies (Part 2)
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(HEM) Chapter 26 |
9 | 12th January |
Financial Statement Analysis (MYOB lab Exam on Saturday the 17th January) |
(HEM) Chapter 25 |
10 | 19th January | Introduction to Management Accounting |
(HEM) Chapter 8 |
11 | 26th January |
Cost-volume-profit analysis (Reflective learning report due by 6 p. m. Friday, 30th Janaury) |
(HEM) Chapter 11 |
12 | 2nd February | Budgeting |
(HEM) Chapter 12 |
13 | 9th February |
Revision |
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Lecturer: Fareeza Khan |
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
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
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
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.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
The nature of scholarly endeavour, dependent as it is on the work of others, binds all members of the University community to abide by the principles of academic honesty. Its fundamental principle is that all staff and students act with integrity in the creation, development, application and use of ideas and information. This means that:
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Grade descriptors and other information concerning grading are contained in the Macquarie University Grading Policy which is available at:
http://www.mq.edu.au/policy/docs/grading/policy.html
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http://www.city.mq.edu.au/new_and_current_students/appeals/
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We want our graduates to have emotional intelligence and sound interpersonal skills and to demonstrate discernment and common sense in their professional and personal judgement. They will exercise initiative as needed. They will be capable of risk assessment, and be able to handle ambiguity and complexity, enabling them to be adaptable in diverse and changing environments.
This graduate capability is supported by:
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This graduate capability is supported by:
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This graduate capability is supported by:
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This graduate capability is supported by: