Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit coordinator and lecturer
Samantha Sin
Contact via accg106@mq.edu.au
E4A 344
See roster in iLearn
Administrator
Ying Lu
Contact via accg106@mq.edu.au
E4A Level 3
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
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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 equips students to understand accounting as a useful tool for management decision making. Students develop an understanding of the principles of financial and management accounting from a user perspective. Topics include: the environment of accounting; recording business transactions; information on the income statement and balance sheet; analysis and interpretation of financial reports; budgeting; cost-volume-profit analysis; and financing a business. By the end of the unit students are able to explain the usefulness of financial and management accounting information and describe different types of accounting information for both internal and external users. Students develop graduate capabilities in a range of areas including critical analysis of accounting information, problem solving skills and written and oral communication 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:
Assessment tasks, self-study, reflection and revision |
Guide for hours to be spent (note that students may vary from the guide) |
Lectures and tutorials |
38 |
Homework |
24 |
Oral presentation |
10 |
Assignment |
25 |
Continuous self-study, reflection, revision and final exam preparation |
53 |
Total number of hours |
150 |
Name | Weighting | Due |
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Assessed Coursework | 10% | In tutorials |
Final Examination | 50% | University exam period |
Assignment | 30% | In Week 11 tutorials |
Oral presentation | 10% | as rostered in tutorials |
Due: In tutorials
Weighting: 10%
Weekly homework will only be collected in registered tutorials. Emailed homework will not be collected.
Each submission is worth 1 mark, the best 10 contribute to the 10%.
No extensions will be granted. Students who have not submitted in the respective tutorial will be awarded a mark of 0 for the homework, except for cases in which an application for Disruption to Studies is made and approved.
There will be no classes on Monday, October 5, 2015, Labour Day, public holiday. Students enrolled in Monday’s tutorial should attend another tutorial class that is available. Homework will be collected in the following week's tutorial in the registered class.
Due: University exam period
Weighting: 50%
This is a closed book exam. All topics covered in the session are examinable.
Further information and revision materials will be available in iLearn.
University rules and criteria for Disruption to Studies apply. The outcome of an approval for Disruption to Studies is a supplementary exam. The supplementary exam will be held in the scheduled period for FBE supplementary exams. Approved students must be available to sit for the supplementary exam in this period.
Due: In Week 11 tutorials
Weighting: 30%
This is a group assignment. A group mark will be given to each group based on the group's submission. There is a requirement to document the workload and contribution of each group member. Students are required to sign a document specifying individual member contribution towards the assignment. The unit coordinator reserves the right to moderate the marks of individual group members.
The assignment package will be available in iLearn in Week 4.
Due date: In Week 11 in the registered tutorial of the groups.
Penalty: Late submission will attract a deduction of 20% of the available mark per calendar day after the date of submission. Submission more than 5 days after the due date will result in a mark of zero.
There will be no extension for the due date unless approval for Disruptions to Study has been granted.
Due: as rostered in tutorials
Weighting: 10%
Students will present in groups in their registered tutorials.
However, students will be assessed individually and an individual mark will be given to each presenter.
Further details will be available in iLearn in Week 4.
University rules and criteria for Disruption to Studies apply. Outcome of approval is oral presentation at another date.
Students have the choice of one of the following purchasing options for the recommended textbook:
1) Accounting: Information for Business Decisions. Authors: Cunningham, Nikolai, Bazley, Kavanagh, Slaughter and Simmo. Second Edition. Publisher: Cengage.
2) E-Book version in full or by the chapter is also available.
The textbook is available for purchase from the Macquarie University Co-op Bookshop and is also available in the Closed Reserve section at the library.
• Prizes for this unit (if applicable). http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships
Students need to have access to the internet to use publisher's online support study resources.
Weekly Topics & Homework Schedule
Lecture Week |
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Questions and exercises are found at the end of each chapter in the textbook |
Completed homework due and to be handed in to your tutor in the tutorial week as indicated below. |
Week 1 |
Chapter 1: Introduction to business accounting and the role of professional skills |
1.3, 1.5, 1.9, 1.10, 1.13, 1.25, 1.28, 1.30, 1.31and 1.37.
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Week 2 |
Week 2 |
Chapter 2: Developing a business plan: Cost-volume-profit analysis |
2.3, 2.4, 2.9, 2.10 to 2.13, 2.22, 2.25, 2.30 and 2.42. |
Week 3
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Week 3 |
Chapter 3: Developing a business plan: Budgeting |
3.2, 3.3, 3.7, 3.12, 3.14, 3.17, 3.26, 3.27, 3.33 and 3.36. |
Week 4 |
Week 4 |
Chapter 4: The accounting system: Concepts and applications |
4.1, 4.3, 4.4, 4.5, 4.8, 4.9, 4.10, 4.12, 4.15, 4.29, 4.34, and 4.42a & b. |
Week 5
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Week 5 |
Chapter 5: Recording, storing and reporting accounting information |
5.3, 5.6, 5.7, 5.8, 5.11, 5.16, 5.18 and Dr Decisive. |
Week 6 |
Week 6 |
Chapter 7: The income statement: content and use |
7.1, 7.2, 7.4, 7.5, 7.8, 7.9, 7.10, 7.15, 7.20, 7.23c (the trial balance will be provided in iLearn), 7.31a, 7.33, 7.35 and Dr Decisive.
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Week 7
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Week 7 |
Chapter 8: The balance sheet: Content and use |
8.1, 8.4, 8.5, 8.9, 8.11, 8.12, 8.13, 8.26, 8.27, 8.28, 8.29 and 8.34. |
Week 8
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Week 8 |
Chapter 9: The cash flow statement: Content and use |
9.1, 9.3, 9.7, 9.8, 9.23, 9.39, 9.42 and Dr Decisive. |
Week 9 |
Week 9 |
Financial Statement Analysis. Pages 291 – 294. Pages 336 – 348 Pages 392 – 394 of the textbook |
Chapter 7:7.30 b&c, 7.33b, 7.42, Chapter 8: 8.36, 8.37, 8.38, Dr Decisive Chapter 9: 9.32 |
Week 10 |
Week 10 |
Chapter 10: Sustainable business |
10.1, 10.2, 10.10, 10.14, 10.21, 10.23, 10.25 and Dr Decisive. |
Week 11
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Week 11 |
Chapter 12: Capital investment |
12.1 to 12.4, 12.8, 12.15, 12.19, 12.23, 12.28 and 12.32. |
Week 12
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Week 12 |
Chapter 11: short term planning decisions |
11.1, 11.2, 11.3, 11.6, 11.11, 11.12 and Dr Decisive. |
Week13 |
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 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.
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:
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:
We want our graduates to be aware of and have respect for self and others; to be able to work with others as a leader and a team player; to have a sense of connectedness with others and country; and to have a sense of mutual obligation. Our graduates should be informed and active participants in moving society towards sustainability.
This graduate capability is supported by:
This unit addresses global and sustainability issues in direct areas of study through learning materials, assessments and opportunities for academic discussion and debate. We promote sustainability by developing ability in students to research and locate information within the accounting discipline. We aim to provide students with opportunities to develop skills which will benefit them throughout their career.
The 30% written assignment assessment task titled “sourcing sustainable finance in a globally competitive market” provides invaluable learning experiences relating to these issues and concerns.