Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convener (module 1)
James Hazelton
E4A 239
For consultation hours please see iLearn
Unit Convener (module 2)
Leisa Henness
For consultation hours please see iLearn
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
(39cp at 100 level or above) including ACCG224
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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 has two components. The first introduces students to the principles, tools and techniques of acting as a trusted business advisor. This component builds on prior knowledge of internal controls, information systems, compliance and business strategy, and applies these skills in a real-world setting. The second component examines the framework and techniques that are used to prepare general purpose financial reports for companies, and in particular the techniques used to prepare the consolidated financial statements for a corporate group. This component builds on first and second year financial accounting units and provides students with the technical accounting knowledge to prepare and use company financial statements. Political and ethical issues surrounding recent financial reporting controversies are also considered. Both components of the unit develop graduate capabilities centred on higher order analysis and effective 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:
Expectations and Workload
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:
|
Activities |
Hours |
1 |
Weekly lectures/tutorials |
39 |
2 |
Assessed coursework |
36 |
3 |
Assignments, benchmarking reports |
40 |
4 |
Class test |
6 |
5 |
Final exam |
21 |
6 |
Readings/self-study |
8 |
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TOTAL |
150 |
What is required to complete the unit satisfactorily
Students must pass the overall assessment to receive a passing grade in this unit.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Assignment | 35% | No | See instructions |
Assessed Coursework | 4% | No | Weekly |
Class test | 6% | No | Week 11 tutorial |
Final examination | 55% | No | University examination period |
Due: See instructions
Weighting: 35%
There are two parts to this assessment:
1) Part 1: Business plan report (20%)
The business plan report is due at 5pm, 13 September.
2) Part 2: Benchmarking report (15%)
The benchmarking report is due at 5pm, 4 October.
Submission
Part 1 and Part 2 will both be submitted via iLearn by the due dates. Detailed submission instructions will be posted on the ACCG308 iLearn webpage.
Marking criteria
Detailed marking criteria will be posted on the ACCG308 iLearn webpage.
Preparation instructions
Detailed instructions will be posted on the ACCG308 iLearn webpage.
Extension and penalties
No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application for Disruption to Studies is made and approved.
Estimated student workload
Part 1: Students are expected to spend approximately 24 hours on this task. (Much of the material will have been prepared by completing tutorials 1-6).
Part 2: Students are expected to spend approximately 16 hours on this task.
Due: Weekly
Weighting: 4%
These are weekly written tutorial assignments based on the textbook end of chapter questions or other supplied materials. See ACCG308 iLearn webpage for further details.
The Tutor will assess three (3) out of the twelve (12) submitted weekly homework. The best two (2) out of the marked three (3) collected weekly homework will be recorded (2% x 2 = 4%).
Submission
See the ACCG308 iLearn webpage for details.
Extension and penalties
No extensions will be be granted but a successful Disruption to Studies application would mean that a later assignment would be collected instead.
Estimated student workload
Students should spend approximately 3 hours on each assignment.
Due: Week 11 tutorial
Weighting: 6%
You are required to sit a class test in your registered tutorial class in Week 11. The test will be 45 minutes in duration and will be based on material covered in Week 7 - 10. See the ACCG308 iLearn webpage for further details.
Submission
You MUST sit the class test in your registered tutorial.
Extension and penalities
No extensions will be be granted but a successful Disruption to Studies application would mean that a supplementary class test could be granted.
Estimated student workload
Students should spend approximately 6 hours on preparation for this test.
Due: University examination period
Weighting: 55%
A 2.5 hours closed-book final examination will be held during the University Examination period. ACCG308's final examination is designed to test you against the learning objectives of the unit and will cover all materials covered during Module 2 of the unit. Details regarding the form and scope of ACCG308's final examination will be provided to you during the final lecture. In the meantime you should be aware that the best preparation for the final exam is as follows:
Formal examination conditions apply e.g. Dictionaries are not permitted; Non-programmable calculators with no text retrieval capacity are allowed, etc.The purpose of the final examination is to provide assurance that: i) learning acquired through this unit belongs to the student; and ii) the student has attained the knowledge and skills tested in the exam.
Submission
You are expected to present yourself for examination at the time and place designated in the University 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. It is the student's responsibility to make sure that they have ascertained the room number for their exam before the exam day. https://iexams.mq.edu.au/timetable
You are advised that it is Macquarie University policy not to set early examinations for individuals or groups of students. All students are expected to ensure that they are available until the end of the teaching session, that is, the final day of the official examination period.
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
Extension and penalties
Students who do not sit the final examination on the scheduled date and time specified in the University examination timetable will be awarded a mark of zero (0) for the final examination, except for cases in which a Disruption to Studies Notification is made and approved. If a Supplementary Examination is granted as a result of the Disruption to Studies process, this examination will be scheduled as per the Supplementary Examination timetable of the Faculty. The Supplementary Examination will be of a similar format to the final examination. A student may withdraw their Disruption to Studies Notification up to the point where the determination of whether it is Serious and Unavoidable has been made. After this determination, the student may not withdraw the Disruption to Studies Notification and must submit themselves to partake in the Supplementary Examination.
Students are advised to familiarise themselves with the University’s Disruption to Studies Policy available at http://mq.edu.au/policy/docs/disruption_studies/policy.html.
Estimated student workload
Students should spend approximately 21 hours on preparation for this final exam.
Name James Hazelton Unit Convener & Lecturer (Module 1)
Leisa Henness Unit Convener & Lecturer (Module 2)
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Email address accg308@mq.edu.au
accg308@mq.edu.au |
Please use email as the first form of contact. Teaching staff will receive correspondence only if sent to the unit email account above.
The consultation timetable will be made available on the unit’s website in Week 2. Staff members are available for two hours per week for consultation starting from Week 3.
You are encouraged to seek help at a time that is convenient to you from a staff member teaching on this unit during their regular consultation hours. In special circumstances, an appointment may be made outside regular consultation hours. Staff will not conduct any consultations by email. You may, however, phone staff during their consultation hours.
In order to gain access to staff located at levels 2 and 3 of building E4A during their consultation hours, please ring the staff member from the phones available in the lobby (phone numbers of relevant staff members will be provided on iLearn and are available next to the phones).
Students experiencing significant difficulties with any topic in the unit must seek assistance immediately.
Day |
Time |
Room |
Monday |
8 - 10 am |
W6D Lotus Theatre |
Monday |
6 - 8 pm |
C5C Collaborative Forum |
ACCG308 also requires students to attend a weekly small group tutorial of one-hour duration. The maximum number of students in each group is thirty.
Tutors will record attendance each week. You must attend at least 9 of the 12 tutorials in order to complete satisfactory coursework requirements for this unit. For this purpose we do not accept medical certificates for missed tutorials; it is up to you to organise yourself to come to at least nine tutorials.
Tutorials begin in Week 2.
Tutorial places have been allocated by the University's on-line enrolment system. Most tutorials are already full. If you do not already have a tutorial time, then you must enrol on-line as soon as possible.
Due to the large number of students enrolled in ACCG308, changes to tutorial times are managed by the on-line enrolment system. It is not necessary to contact members of staff about tutorial changes. On-line enrolment changes will be shut down at the end of Week 2 so all changes must be made by then.
You can only attend and sit for the class test or hand up tutorial homework in your registered tutorial.
The Association of Chartered Certified Accountants Prize is awarded to the best student in the unit ACCG308 Corporate Accounting and Reporting.
Module 1 (Business planning and advisory)
Rogoff, E., (2007) Bankable Business Plans (2nd Edition), Rowhouse Publishing, New York. Available on Kindle from amazon.com
Note that this is quite an old text but is excellent in the way it simply and logically sets out the key elements of a business plan. For a more up-to-date discussion on business planning and marketing in the digital era, the following additional text is highly recommended:
Kawasaki (2015) The Art of the Start 2.0: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything, Penguin, New York.
Module 2 (Corporate accounting)
Jubb, P.B., Haswell, S.M. and I.A. Langfield-Smith, Company Accounting, 5th Edition 2010, Cengage, Melbourne.
The text can be purchased from the Macquarie University Co-op Bookshop.
This text is used extensively for both lecture references and for tutorial work. Ideally students should have a copy of this text that they can access at all times. Copies of this text are available on Library Reserve.
You will need basic computer skills to use Macquarie University’s iLearn teaching facility (refer to the detail contained below in Unit Web Page). You will need to download documents supplied in pdf format.
ACCG308 lecture handouts, notices and homework solutions will be available in full from the unit’s web page. You can access the web page on campus, at work or at home, where you can login to “iLearn” https://ilearn.mq.edu.au/login/MQ/. Please check the web site on a regular basis for notices, updates, etc.
Lectures for Weeks 7-12 will be audio recorded on ‘iLecture’ and made available on iLearn by the end of the week. 'Virtual tutorials', which provide detailed explanations for some self-study homework questions, are also made available for some topics.
Week |
Discipline Specific Related Content |
1 |
Introduction to business plans and consulting |
2 |
Market research and strategy |
3 |
Sales and marketing strategy |
4 |
Operational strategy |
5 |
Financing and financial plans |
6 |
Business plan writing and consulting |
7 |
Business combination |
8 |
Purchase consolidation 1 |
9 |
Purchase consolidation 2 |
10 |
Intra-group transaction |
11 |
Direct non-controlling interest |
12 |
Equity accounting |
13 |
Revision session for consolidation |
Final Examination Period: 13 November – 1 December 2017 |
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_2016.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 (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
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.
Our graduates will also be capable of creative thinking and of creating knowledge. They will be imaginative and open to experience and capable of innovation at work and in the community. We want them to be engaged in applying their critical, creative thinking.
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 has a new module, "Business Advisory"
This unit supports the development of program learning outcomes (PLO) for degree(s) delivered by the Faculty of Business and Economics. PLOs describe the educational outcomes of a degree and what you should be able to know, understand and do by the end of your degree.
Unit learning outcomes 2, 3, 4 & 5 and the Assignment and Final Exam assessments contribute to the following PLOs:
PLO1 Discipline Specific Knowledge and Skills
PLO2 Critical Thinking