Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Thomas Kern
Contact via accg224@mq.edu.au
E4A 313
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Philip Sinnadurai
Contact via accg224@mq.edu.au
E4A 213
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Elodie Auguste
Contact via accg224@mq.edu.au
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Abhya Chand
Contact via accg224@mq.edu.au
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Mohamed Haniffa
Contact via accg224@mq.edu.au
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Sangeeta Kumar
Contact via accg224@mq.edu.au
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Andrew Medlen
Contact via accg224@mq.edu.au
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Nick Melia
Contact via accg224@mq.edu.au
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Dharmendra Prasad
Contact via accg224@mq.edu.au
For consultation hours see ACCG224 Timetable on iLearn
Tutor
Ming Wu
Contact via accg224@mq.edu.au
For consultation hours see ACCG224 Timetable on iLearn
Teaching Assistant
Claudia Chau
Contact via accg224@mq.edu.au
E4B 350B
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
ACCG101
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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 provide students with an intermediate level of coverage of the principles and concepts relating to financial accounting. The unit builds on ACCG100 and ACCG101, exploring financial accounting issues in greater depth and challenging students to question the foundations of financial accounting. Topics include conceptual foundations of accounting, measurement of assets and liabilities, and financial statements. The unit considers the justification for the regulation of accounting practice, the need for on-going critical review of accounting regulation, and consequent changes. The unit will expose students to the current state of financial reporting practices and offer explanations as to why regulators have seen fit to establish such practices. Students are expected to demonstrate competency in applying financial reporting practices. They are also encouraged to consider how financial reporting practices may continue to evolve. This unit develops graduate capabilities centred upon effective communication and higher order analysis and critical thinking using a range of academic and professional research.
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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:
To be eligible for special consideration regarding any of the assessment tasks below, you must notify the University of a serious and unavoidable disruption of your studies within five (5) working days of the commencement of the disruption (Disruption to Studies notification). All Disruption to Studies notifications are to be made online via the University’s Ask MQ system. You are required to follow the Disruption to Studies Policy and all related documents.
For other important policies and procedure concerning the assessment tasks see below 'Policies and Procedures'.
Name | Weighting | Due |
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Class Participation | 15% | Weeks 3-8 and 11-13 |
Online Quizzes | 15% | Weeks 4, 7 and 11 |
Report & Presentation | 20% | 17/4 (Report) + 1/5 (Present.) |
Final Examination | 50% | University Examination Period |
Due: Weeks 3-8 and 11-13
Weighting: 15%
During the session, you are required to actively participate in every tutorial class which start in week 2 by having thoroughly prepared the pre-set homework questions, attending the classes on time, showing engagement and professional behaviour throughout the classes, voluntarily presenting your homework to the class and responding to the tutor’s or other students’ questions and contributions, and discussing issues beyond the pre-set tutorial questions.
From week 3 on, your tutor will assess your participation during each class. A maximum of 5 marks will be awarded three times based on your overall performance during the preceding three weeks (end of week 5 for weeks 3, 4 and 5; end of week 8 for weeks 6, 7 and 8; and end of week 13 for weeks 11, 12 and 13). To determine the marks to be awarded, your tutor will apply assessment rubrics which are available on the ACCG224 iLearn webpage. The resulting total maximum of 15 marks (= 3 x 5) represents 15% of your final course grade.
If you miss more than one out of the three classes per assessment cycle you will be awarded zero marks for the respective cycle. In the case of an absence, you can apply for special consideration (for the required procedure see above 'General assessment information'). If your absence is assessed as due to serious and unavoidable disruption, your tutor will apply the aforementioned rubrics to your performance in the remaining classes. If you missed all three classes of an assessment cycle, applied for special consideration and all three absences are assessed as due to serious and unavoidable disruption, you will be granted an oral examination conducted by the Unit Convenor to assess your ability to participate in the missed classes based on the aforementioned rubrics.
Due: Weeks 4, 7 and 11
Weighting: 15%
Throughout the session there will be three online quizzes to assess your learning progress toward the final examination. The first quiz 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. If you achieve a poor result in this quiz you must consult teaching staff regarding strategies for improving your learning. The purpose is to give you a focus for your study and to give you timely feedback on your performance.
All quizzes will comprise of multiple-choice questions of final examination standard. They will be open for seven days of the respective week to be sat online at your convenience during this period. For each quiz, you will have two attempts. If you start a new attempt you need to answer all questions again which may not necessarily be the same questions. The highest grade of your attempts will count toward your final grade. Once you have started answering, you will be allowed 30 minutes to complete the quiz. Unanswered questions will earn zero marks.
It is your responsibility to ensure that you have a stable and reliable internet connection when you start the online quiz. Once started, the timer countdown is not paused when you leave the quiz or you lose your internet connection. You may wish to rather use a desktop computer with a wired internet connection (LAN). It is also your responsibility to ensure that you submitted your saved answers before the due date. Further technical details and instructions are available on the ACCG224 iLearn webpage.
Due to the nature of this assessment, any application to be considered for special consideration requires a serious and unavoidable disruption of at least three days (for the required procedure see above 'General assessment information'). If you don't complete the quiz until the last couple of days any disruption is entirely at your risk. In the case of a successful application you will be granted an oral examination conducted by the Unit Convenor on the topics that were assessed in the missed online quiz.
Due: 17/4 (Report) + 1/5 (Present.)
Weighting: 20%
You are required to write an individual 1,000 words technical report based on a provided case (counting 10% toward your final course grade) and present your findings in your assigned tutorial class (counting 10% toward your final course grade). The topic, detailed instructions and assessment criteria will be released end of week 5 on the ACCG224 iLearn webpage and will be further explained in the lectures in week 6.
You need to submit your report and the presentation before the respective due dates electronically through the ACCG224 iLearn webpage. It is your responsibility to make yourself familiar with the online submission procedure and to start this procedure early enough to complete it before the respective due dates. It is highly recommended to allow at least 6 hours for the submission procedure in case you experience any technical issues. Assignments will be checked for plagiarism or 'copying' (within and across tutorial classes) through Turnitin. Guilty parties (being the person/s who copied and the person/s who allowed the copying) will be subject to a procedure as outlined in the University's Academic Honesty Procedure. To avoid penalties like a fail for the whole unit (see for all potential penalties: Academic Dishonesty - Schedule of Penalties) make yourself familiar with the University's Academic Honesty Policy.
No extensions will be granted. It is your responsibility to ensure prior to the deadline that the submitted files are accessible and legible. If you have not submitted permissible, accessible and legible files of your report and the presentation to the relevant systems prior to the respective due dates you will be awarded zero marks for both parts of this assessment task, except for cases in which an application for special consideration is made and approved (see above 'General assessment information'). Due to the nature of this assessment, any application to be considered for special consideration requires a serious and unavoidable disruption of at least three days. If you leave major parts of this task for the last couple of days any disruption is entirely at your risk. The only possible outcome of a successful application is an extension of the deadline by the number of days for which your disruption was assessed as serious and unavoidable. Both parts of the assignment are inseparably linked. This means that you are not able to earn marks on your presentation if you did not submit the report on time and vice versa.
In order to present your report findings, you are required to give an individual 7 minutes presentation (5 minutes for your presentation and 2 minutes for questions) in your assigned tutorial class in either week 9 or 10. With the questions, your tutor will also assess whether the report is your own work. If this is doubtful, you may be subject to a procedure as outlined in the University's Academic Honesty Procedure. Your tutor will announce the date of your presentation. If you miss your assigned date of presentation you will be awarded zero marks zero marks for both parts of this assessment task. This does not apply for cases in which an application for special consideration is made and approved (see above 'General assessment information'). The only possible outcome of a successful application in the case of a missed presentation date is that you can present your report findings in your assigned tutorial class in week 13. No further consideration will be granted.
Due: University Examination Period
Weighting: 50%
For this assessment task, there will be a closed-book examination of 3 hours duration (plus 10 minutes reading time) to be sat during the end-of-session examination period. The paper will contain both calculative and theory questions, based on the learning objectives of the unit. It will be marked out of a maximum of 180 marks (representing the available time of 180 minutes) according to the final examination structure which will be disclosed together with more details in the lectures and on the ACCG224 iLearn webpage in week 12.
Irrespective of the total marks scored in the unit, you MUST PASS THE FINAL EXAMINATION and achieve an overall pass mark to gain a passing grade in this unit.
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.
The only exception to not sitting an examination at the designated time is because of serious and unavoidable disruption. In these circumstances you may wish to consider applying for special consideration (see above 'General assessment information'). The only possible outcome of such an application is a supplementary examination of a similar format as the final examination to take place during a period specified by the Faculty (see Supplementary Examination Timetable of the Faculty).
The Macquarie University Final Examination Policy details the principles and conduct of examinations at the University. The policy and all related documents are available here.
Classes in ACCG224 are composed of lectures and tutorials. The structure of the unit is a weekly two-hour lecture and a weekly two-hour small group tutorial. The timetable for classes can be found here.
The unit's learning outcomes can only be achieved through self-study and independent learning supported by attending lectures and tutorials. The lectures provide a general overview of the topics highlighting a number of concepts and techniques. The tutorials complement lectures by providing opportunities to further explore all relevant concepts and techniques. Both lectures and tutorials will only support your learning if you prepare them thoroughly by doing the recommended readings and the pre-set tutorial questions as outlined in the Unit Schedule (available on the ACCG224 iLearn webpage) beforehand.
You are expected to attend the two-hour lecture every week. Lecture slides will be available prior to the lectures on the ACCG224 iLearn webpage.
You must register for a tutorial. There will be a two-hour tutorial each week from weeks 2 to 13. You must finalise your tutorial enrolment by end of week 2 after which changes are no longer possible.
Required text (referred to as ACCG224 textbook): Intermediate Financial Accounting - Macquarie Custom Publication - ACCG224. John Wiley & Sons Australia Ltd, 2015. ISBN 9781119922063. Please note that you will not able to use previous editions (second hand copies) because the majority of chapters has been replaced by excerpts from other or updated textbooks.
The required ACCG224 textbook can be purchased from the Macquarie University Co-op Bookshop in hardcopy format, or downloaded as electronic version from the publisher's webpage at a discounted rate here. More information is available on the ACCG224 iLearn webpage.
All other course materials are available on the ACCG224 iLearn webpage.
Please see here for prizes being awarded for proficiency in ACCG224.
A detailed Unit Schedule (including tutorial classes and other important dates) is available on the ACCG224 iLearn webpage.
WEEK |
TOPIC |
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1 |
Introduction to the Regulatory Environment |
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2 |
Conceptual Framework (CF) |
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3 |
Accounting for Income Tax |
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4 |
Accounting for Property, Plant and Equipment |
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5 |
Accounting for Intangibles |
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6 |
Accounting for Impairment |
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7 |
Accounting for Leases |
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8 |
Revenue Recognition and Statement of Comprehensive Income |
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9 |
Statement of Financial Position, Statement of Changes in Equity and Disclosures |
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10 |
Statement of Cash Flows - Overview and Direct Method |
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11 |
Statement of Cash Flows - Indirect Method, Notes and Limitations |
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12 |
Alternative Reporting Frameworks |
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13 |
Revision |
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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/
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
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 webpage which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes valid grounds for appeal before appealing your grade.
http://www.businessandeconomics.mq.edu.au/current_students/undergraduate/how_do_i/grade_appeals
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.
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:
We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.
This graduate capability is supported by:
Compared with S2 2014, the following assessment tasks and their weightings have been changed.
This unit addresses global and sustainability issues as direct areas of study and as necessary implications arising from the materials, assessment and academic discussion and debate in classes/seminars. We promote sustainability by developing ability in students to research and locate information within the accounting discipline. ACCG224 addresses global and sustainability issues in particular by contrasting the current financial reporting framework with alternative reporting frameworks such as the Global Reporting Initiative (GRI) Guidelines and the Integrated Reporting <IR> Framework. We aim to provide students with an opportunity to obtain skills which will benefit them throughout their career.
The unit materials have a reference list at the end of each textbook chapter containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.
Date | Description |
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20/02/2015 | Update of teaching staff details only. |