Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor and Lecturer
Rajni Mala
Contact via 9850 8530
E4A 314
Wednesday 10am - 11.30am
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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 | 10% | Random collection |
2. Class Test | 15% | In Tutorials |
3. Assignments | 20% | various weeks |
4. Final Examination | 55% | Formal Examination Period |
Due: Random collection
Weighting: 10%
Five random homework collection (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 submit an additional tutorial homework. Each students is only granted allowance for missing one tutorial homework due to misadventure or sickness.
Penalties:
ZERO will be assigned for non-submission of homework unless the allowance is given.
Due: In Tutorials
Weighting: 15%
Throughout the session there will be four in-class tests of 5% each and the best 3 tests will be counted towards the course work. The first test will act as an early diagnostic assessment, the results of which will be indicative of your application to achieving the learning outcomes of the unit. Students who achieve poor results in this test must consult teaching staff regarding strategies for improving their performance. The purpose is to give you a focus for your study and to give you timely feedback on your performance.
All tests will be for 45 minutes; the questions will be closed book, answered under examinations conditions and of examination standard. Your tutor will mark the tests in the same way as an examination question and give you detailed feedback on your performance. Further details about the tests will be announced in due course on the ACCG101 iLearn webpage.
You must sit for the test in your assigned tutorial and there is no supplementary test if you are absent as only 3 of the 4 tests will be counted.
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 further information.
Extension:
No extension will be granted, except for cases in which an application for disruption to studies is received (with any supporting documentations) within the specified time frame as per the university policy.
Penalties:
A mark of ZERO will be assigned for late or non-submission, unless a disruption to studies 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 on http://www.timetables.mq.edu.au/exam
If a Supplementary Examination is granted as a result of the Disruption to Studies, 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:
Irrespective of the total marks scored in the unit, students MUST PASS THE FINAL EXAMINATION and achieve an overall pass mark to gain a passing grade in this unit.
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
Changes since the last offering of this unit
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 lecture 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 from December 10. 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 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 prepare you for the types of questions in the final examination. It is suggested you bring your textbook to class. Selected solutions to tutorial questions will be available on the unit web page. You are expected to study the solutions provided 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.
Lecture |
Lecture Commencing |
Topic | Text Topic Number |
1 | 9 December |
Revision of Important Financial Accounting Concepts |
(HEM) Chapters 4,5,18,19 &20 |
2 | 10 December | Accounting Regulation and Conceptual Framework |
(HEM) Chapter 17 |
3 | 12 December |
Accounting for GST (MYOB lecture 1 on Saturday 13 December) |
(HEM) Chapter 3 Appendix |
4 | 16 December |
Non-current assets |
(HEM) Chapter 21 |
5 | 17 December |
Accounting for Liabilities
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(HEM) Chapter 22 |
X-Mas Break | |||
6 | 6 January |
Equity in Business - Partnerships
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(HEM) Chapter 15 |
7 | 7 January |
Equity in Business - Companies (Part 1) |
(HEM) Chapter 16 |
8 | 9 January |
Equity in Business - Companies (Part 2) (MYOB Lecture 2 on 10 January) |
(HEM) Chapter 16 |
9 | 13 January |
Financial Statement Analysis
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(HEM) Chapter 25 |
10 | 14 January |
Introduction to Management Accounting (MYOB Lab exam 1 on Thursday 15 January) |
(HEM) Chapter 8 |
11 | 16 January |
Cost-volume-profit analysis
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(HEM) Chapter 11 |
12 | 20 January | Budgeting |
(HEM) Chapter 12 |
13 | 21 January |
Revision (MYOB Lab exam 2 on Thursday 22 January) (Reflective learning report due by 6pm Friday 23 January)
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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:
Further information on the academic honesty can be found in the Macquarie University Academic Honesty Policy at http://www.mq.edu.au/policy/docs/academic_honesty/policy.html
Macquarie University uses the following grades in coursework units of study:
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
If, at the conclusion of the unit, you have performed below expectations, and are considering lodging an appeal of grade and/or viewing your final exam script please refer to the following website which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes a valid grounds for appeal before appealing your grade.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/.
When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.
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:
Our graduates will have enquiring minds and a literate curiosity which will lead them to pursue knowledge for its own sake. They will continue to pursue learning in their careers and as they participate in the world. They will be capable of reflecting on their experiences and relationships with others and the environment, learning from them, and growing - personally, professionally and socially.
This graduate capability is supported by:
Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.
This graduate capability is supported by:
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
Our graduates should be capable of researching; of analysing, and interpreting and assessing data and information in various forms; of drawing connections across fields of knowledge; and they should be able to relate their knowledge to complex situations at work or in the world, in order to diagnose and solve problems. We want them to have the confidence to take the initiative in doing so, within an awareness of their own limitations.
This graduate capability is supported by: