Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Colly He
Contact via liyu.he@mq.edu.au
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MAcc(CPA) or MAcc(Prof) or MCom or MEc or MIntBus or MAcc(Prof)MCom or MBioTechMCom 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 to record, measure, classify and report 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 analyses 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% | Weekly |
Quizzes | 20% | Weeks 5 & 9 |
Assignment | 20% | 23 May 2014 |
Final Examination | 50% | Examination period |
Due: Weekly
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 task prior to the deadline will be awarded a mark of ZERO for the task, except for cases in which an aplication for special soncideration is made and approved.
Penalties
A mark of ZERO will be awarded to students who are absent from the discussion.
Due: Weeks 5 & 9
Weighting: 20%
Students are required to attempt two online quizzes. The quizzes weight 10% each. Note that there will be no supplementary online quizzes. Absence from online quizzes will, upon receipt of adequate documentation of misadventure or illness, increase the weighting on the final examination accordingly.
Submission
Submit online
Extension
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of ZERO for the task, except for cases in which an aplication for special soncideration is made and approved.
Penalties
A mark of ZERO will be awarded to students who are absent from the online quizzes.
Due: 23 May 2014
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 20 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 task prior to the deadline will be awarded a mark of ZERO for the task, except for cases in which an aplication for special soncideration is made and approved.
Penalties
Zero for non-submission
Due: Examination period
Weighting: 50%
Submission
Online final exam for this unit will be held during the University Examination period.
The University Examination period in Session 1 2014 is from 16 June to 4 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.
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 Special Consideration. The University’s policy on special consideration process is available at:
http://www.mq.edu.au/policy/docs/special_consideration/policy.html
However, special consideration will only be approved to students who have satisfactory performance in this unit. Satisfactory performance means that students must achieve at least 40% in their coursework prior to the final examination and must have attended at least 9 out of the 12 formal classes. If the criterion is not met in an application for special consideration, it will be rejected as 'Invalid'.
If a Supplementary Examination is granted as a result of the Special Consideration 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.htm
Supplementary examination information for session 1 2014 is available at:
The supplemantary exam will be held in mid July, 2014 (TBC).
Penalties
A 'Fail' grade is awarded to students who are absent from the final exam.
Classes
This unit is a online unit. Learning materials will be uploaded to iLearn one week ahead. You will be able to download lectures, register for discussion forums and complete your course activities ALL online.
A statement that: The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/
Consultation
Online consultation is available every week starting from week 3. Detail information is provided on iLearn.
Required and Recommended Texts and/or Materials
Textbook
Hoggett J., Edwards, L., Medlin, J. and Tilling, M. (2012), Accounting, 8th 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.
(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/class/cls377663/
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)
Teaching and Learning Activities
The purpose of the face-to-face class is to provide students with an overview of the main concepts and techniques. Each class should give students a framework to use when solving problems in the particular topic for that week.
Students are expected to read the prescribed readings materials and attempt all assignment questions and exercises prior to attending the relevant class. Students are expected to come to class ready to discuss their answers and may be called upon to present their answers to the class. All students are expected to contribute to class discussions and are encouraged to raise any questions which they have about the weekly topics during class.
On average the unit will require students to complete between 8 and 10 hours of private study per week.
At the end of each week (Friday p.m.), copies of the textbook solutions to the relevant weekly assignment will be posted on unit iLearn. While your understanding of the topic material is fresh you should review the model solutions for each weekly assignment. Check your answers against the model solutions and learn from your mistakes.
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 |
3 Mar |
Introduction to Accounting |
1 2 (pp 28-40) |
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2 |
10 Mar |
Recording Transactions |
2 (pp 41-45) 3 |
Ch1: DQ 1, 2 Ch2: DQ 3, 5, 7 Ex 2.7 Pro 2.5 |
3 |
17 Mar (Assignment access available) |
Adjusting Entries & Preparing Financial Statements |
4 (pp 122-147) |
Ch3: DQ 6 Ex 3.2, 3.10 Pro 3.5 3.13 (part A, B & C) |
4 |
24 Mar |
Completing the Accounting Cycle |
4 (pp 148-155) 5 |
Ch 4: DQ 3, 9 Ex 4.2, 4.4 Pro 4.4, 4.10 |
5 |
31 Mar Quiz 1 |
Accounting System (Not Including QuickBooks & MYOB) |
7 |
Ch 4: Pro 4.7 Ch 5: DQ 6 Ex 5.5 Pro 5.6, 5.9
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6 |
6 Apr |
Accounting for Retailing |
6 |
Ch 7: DQ 3 Ex 7.7(part A), 7.8, 7.12 Pro 7.8 (part A) |
Mid-semester Break 14 Apr – 25 Apr |
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7 |
28 Apr |
Accounting for Inventory |
19 |
Ch 6: DQ 6, 10 Ex 6.3, 6.5, 6.10, 6.11 Pro 6.5 (Part B,C,D) |
8 |
5 May |
Cash Management and Control |
10 |
Ch 19: DQ 5, 10 Ex 19.5, 19.6 Pro: 19.5, 19.7 |
9 |
12 May Quiz 2 |
Accounting for Receivables |
18 (pp 748-763) |
Ch 10: DQ 6 Ex 10.8, 10.10 Pro 10.9 |
10 |
19 May (Assignment submission by 11:59pm 23 May) |
Accounting for Depreciation |
20 21 (pp 874-878) |
Ch 18: DQ 2, 8 Ex 18.3 Pro 18.7, 18.8 |
11 |
26 May |
Accounting for Partnership |
15 Additional reading materials released on iLearn |
Ch 20: DQ 7, 8 Ex 20.5, 20.11 Pro 20.8 Ch 21: Ex 21.3 |
12 |
2 Jun |
Revision |
Ch 15: DQ 1, 9 Ex 15.2, Pro 15.6, 15.8 Additional reading materials Ch 13: Pro 13.4, 13.5 |
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13 |
10 Jun |
No Class |
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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/
Grades
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
In addition, there is a requirement to pass the final examination to be awarded a final grade of a Pass or a higher grade.
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.
http://www.businessandeconomics.mq.edu.au/new_and_current_students/undergraduate_current_students/how_do_i/grade_appeals/
The University is committed to equity and fairness in all aspects of its learning and teaching. In stating this commitment, the University recognises that there may be circumstances where a student is prevented by unavoidable disruption from performing in accordance with their ability. A special consideration policy exists to support students who experience serious and unavoidable disruption such that they do not reach their usual demonstrated performance level. The policy is available at:
http://www.mq.edu.au/policy/docs/special_consideration/policy.html
However, special consideration will only be approved to students who have satisfactory performance in this unit. Satisfactory performance means that students must achieve at least 40% in their coursework. If the criterion is not met in an application for special consideration subsequently, it will be rejected as ‘Invalid’.
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 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 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:
The findings of research studies in relation to some topics will be discussed briefly during the session. Students are encouraged to use library resources to go beyond the prescribed text in understanding the concepts taught in this unit and to complete their assessment tasks.
Date | Description |
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16/01/2014 | The Prerequisites was updated. |