Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Colly He
Contact via liyu.he@mq.edu.au
E4A 215A
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MAcc(CPA) or MAcc(Prof) or MAcc(Prof)MCom or MIntAccg or MCom or MEc or MBioBus or MBioTechMCom or MIntBus or MIntBusMIntComm or MIntBusMIntRel
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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 provides students with a graduate-level understanding of accounting as a business process of recording, measuring, classifying and reporting relevant economic, financial and other related information and transactions for use by a variety of stakeholders. Students completing the unit are expected to be able to prepare, analyse and discuss financial reports in various business contexts. Seminars cover the core aspects of the preparation and basic analysis of financial statements and the underlying policies and principles.
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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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Assessed Coursework | 10% | Twice randomly |
Online Quizzes | 20% | week 6 & week 9 |
Assignment | 20% | week 11 |
Final Examination | 50% | Examination period |
Due: Twice randomly
Weighting: 10%
Discussion questions will be posted onto the online discussion forum weekly. Students are required to participate in the forum discussion actively.
Submission
Students are required to participate in the weekly online forum discussion.
Extension
No extensions will be granted. Students who have not submitted the homework will be awarded a mark of 0 for the task, except for cases in which an application for Disruption to Studies is made and approved.
Due: week 6 & week 9
Weighting: 20%
Students are required to attempt two online quizzes. The quiz weights 10% each. Detail information about online quizzes will be released on iLearn.
Submission
Submit online at the designated times.
Extension
No extensions will be granted. Students who have not attempted the quizzes will be awarded a mark of 0 for the test, except for cases in which an application for Disruption to Studies is made and approved. Note that there will be no supplementary quiz. Students who are absent from the first online quiz will increase the weighting on the second online quiz and vice versa if an application for Disruption to Studies is made and approved. Students who miss both quizzes will shift the assessment percentage to Assessed Coursework and Assignment evenly if an application for Disruption to Studies is made and approved.
Due: week 11
Weighting: 20%
The assignment is an online accounting practice set assignment providing each student with a unique accounting scenario and therefore must be completed on an individual basis. The practice set assignment is a major learning activity, taking up to 30 study hours to complete over a number of days or weeks.
Submission
Submit online
Extension
No extensions will be granted. Students who have not submitted the practice set prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for Disruption to Studies is made and approved.
Due: Examination period
Weighting: 50%
Submission
A final examination for this unit will be held during the University Examination period. It is a 3 hour exam. More information will be released in the revision lecture in week 13.
The University Examination period in Session 1 2016 is from 14 June to 1 July.
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://students.mq.edu.au/student_admin/exams/
Grade
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
All final grades in the Department of Accounting and Corporate Governance are determined by a grading committee and are not the sole responsibility of the Unit Coordinator. Students will be awarded one of these grades plus a Standardised Numerical Grade (SNG). The SNG is not necessarily a summation of the individual assessment components. The final grade and SNG that are awarded reflect the corresponding grade descriptor in the Grading Policy.
In addition, there is a requirement to pass the final examination to be awarded a final grade of a Pass or a higher grade.
Extension
The only exception to not sitting an examination at the designated time is because of documented illness or unavoidable disruption. In these circumstances you may wish to consider applying for Disruption to Studies. If a Supplementary Examination is granted as a result of the Disruption to Studies process the examination will be scheduled after the conclusion of the official examination period. Please note that the supplementary examination will be of similar format as the final examination. The Macquarie university examination policy details the principles and conduct of examinations at the University. The policy is available at: http://www.mq.edu.au/policy/docs/examination/policy.html
Supplementary examination information for session 1 2016 is available at: http://www.businessandeconomics.mq.edu.au/current_students/undergraduate/how_do_i/disruption_to_studies
The supplementary exam will be held in July, 2016 (TBC).
Classes
The unit is a online unit. Learning materials will be uploaded to iLearn every week. You will be able to download lectures, register for discussion forums and complete your course activities ALL online.
Students are expected to spend 150 hours working on this unit. As a guide a student should spend these approximate amounts of time on each of the following activities:
Expectations and Workload
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Activities |
Hours |
1 |
Weekly Seminars/Lectures/Tutorials |
39 |
2 |
Assessment Task 1 (Assessed Coursework – weighting: 10%) |
36 |
3 |
Assessment Task 2 (Assignment – weighting: 20%) |
30 |
4 |
Assessment Task 3 (In-class tests – weighting: 20%) |
2 |
5 |
Assessment Task 4 (Final examination – weighting: 50%) |
3 |
6 |
Readings/self-study/ tests and exam preparation |
40 |
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TOTAL |
150 |
Consultation
Face-to-face consultations are available every week starting from week 3. Timetable will be provided on iLearn.
TextbookRequired and Recommended Texts and/or Materials
Hoggett J., Edwards, L., Medlin, J. and Tilling, M. (2015), Accounting, 9th edition, John Wiley and Sons Australia
The prescribed textbook can be purchased from the Co-op Bookshop on campus. In addition, copies of the textbook are available in the reserve section of the library.
There are two purchase options:
(1) Binder Ready Version (BRV)
The BRV format means that they are loose-leaf pages of the text book and not bound into a book. The advantage is that students only carry with the chapters they require at a time and can add in other notes to their folders.
Online purchase http://www.wileydirect.com.au/buy/accounting-9th-edition/
(2) The BRV + WileyPLUS
Note that WileyPlus is not a required learning material in ACCG 611. Yet, it is possible for students to use WileyPlus on their own as a revision tool. Students who purchase WileyPLUS can use the following link to access http://wpadmin.wileyplus.com/edugen/secure/student/index-mwp.uni
Please note that E-book is not allowed in ACCG 611.
Online practice set assignment
Technology boutique practice set assignment (provided by Perdisco)
Unit Web Page
Course materials are available on the learning management system (iLearn)
Technology Used and Required
In this unit, students require computer technology sufficient to regularly access the unit iLearn webpage via the internet and to complete the online practice set.
Unit Schedule
Week |
Commencing |
Lecture Topic |
Textbook Chapter |
Homework questions to be completed |
1 |
29 Feb |
Introduction to Accounting |
1 2 (pp 28-47) |
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2 |
7 Mar |
Recording Transactions |
2 (pp 48-52) 3 |
Ch1: DQ 7, Ch2: DQ 5, 6, Ex 2.6 Pro 2.3, 2.5 |
3 |
14 Mar |
Adjusting Entries & Preparing Financial Statements |
4 (pp 128-153) |
Ch2: Ex 2.8, 2.11 Ch3: Ex 3.12 Pro 3.5, 3.10 (part A) |
4 |
21 Mar (commence your online practice set) |
Completing the Accounting Cycle |
4 (pp 154-161) 5 |
Ch 4: DQ 6, 9 Ex 4.2, 4.5 Pro 4.6, 4.14 |
5 |
29 Mar
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Accounting System (Not Including QuickBooks & MYOB) |
7 |
Ch 4: Pro 4.7 Ch 5: DQ 4, 6 Ex 5.2, 5.3 Pro 5.6, 5.9 |
6 |
4 Apr Quiz 1 |
Accounting for Retailing |
6 |
Ch 7: DQ 6 Ex 7.2, 7.12 Pro 7.13 Decision Analysis |
Mid-session Break 11 April – 22 April 2016 |
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7 |
26 Apr |
Accounting for Inventory |
19 |
Ch 6: DQ 3, 8 Ex 6.8, 6.15 Pro 6.4 (Part B,C,D), Pro 6.5 (Part B,C,D) |
8 |
2 May |
Cash Management and Control |
10 |
Ch 19: DQ 5, 8 Ex 19.3, 19.6 Pro: 19.7, 19.11 Decision Analysis (FIFO and Moving average only) |
9 |
9 May Quiz 2 |
Accounting for Receivables |
18 (pp 766-779) |
Ch 10: DQ 5 Ex 10.8, 10.10 Pro 10.3, 10.8, 10.9 |
10 |
16 May |
Accounting for Depreciation |
20 21 (pp 882-894) |
Ch 18: DQ 2, 6 Ex 18.2, 18.4, 18.5 Pro 18.4, 18.6 |
11 |
23 May (Practice set submission by 11:59pm, 27 May) |
Accounting for Partnership |
15 Additional reading materials released on iLearn |
Ch 20: DQ 7 Ex 20.4, 20.8 Pro 20.2, 20.6 Ch 21: Ex 21.2 Pro 21.4
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12 |
30 May |
Revision I |
Ch 15: DQ 2, 8 Ex 15.2, 15.9 Pro 15.6, 15.9, 15.12 Additional reading materials: Pro 13.4, 13.5 |
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13 |
6 Jun |
Revision II |
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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
New Assessment Policy in effect from Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy_2016.html. For more information visit http://students.mq.edu.au/events/2016/07/19/new_assessment_policy_in_place_from_session_2/
Assessment Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.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.
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://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources 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 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:
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 accounting discipline. 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 chapter/module/text containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.