Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Jessica Chen
Contact via accg101@mq.edu.au
E4A 207
Detailed consultation hours will be announced on iLearn in Week 1.
Rahat Munir
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
ACCG100 or ACCG106
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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 focuses on the role of accounting in governance and accountability. The unit aims to create awareness amongst students concerning the regulatory framework and related factors that impact on accounting professionals. The link between accounting and governance is discussed through the concepts of measurement, valuation, conceptual framework, reporting and communication of financial and non-financial information. Students are introduced to ideas of entrepreneurship, objectivity, and professional attributes with emphasis on understanding the relationships between managers, shareholders, boards, and other key stakeholders. The unit develops graduate capabilities centred upon discipline specific knowledge and their application to problem solving, with one particular learning outcome being the demonstration of working in teams effectively.
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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
Activities | Hours | |
1 | Readings/self-study | 48 |
2 | Weekly Lectures/Tutorials | 38 |
3 | Class test preparation | 15 |
4 | Assignment | 25 |
5 | Tutorial preparation (weekly homework) | 24 |
TOTAL | 150 |
Name | Weighting | Hurdle | Due |
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1. Tutorial Participation | 16% | No | Ongoing |
2. Class Test | 14% | No | Week 8 |
3. Assignment | 20% | No | Week 10 Monday 3pm |
4. Final Examination | 50% | No | Formal Examination Period |
Due: Ongoing
Weighting: 16%
Please note that tutorials start in Week 1 and tutorial registration will be finalized on 3 March 2017 (i.e., Week 1 Friday). Your tutor will assess your participation in tutorials held from Week 2 to 13, except for Week 7 (no tutorial due to MYOB workshops) and Week 8 (participation is not assessed due to the Class Test). For each of the 10 weeks' tutorials, you will be given a mark out of 2 for participation. The 2 marks are allocated for:
a) Tutorial preparation (1 mark)
Tutorial preparation is assessed based on your attempts (i.e., completeness) at the set weekly tutorial questions. Your tutor will sight your homework at the beginning of the tutorial.
b) Tutorial engagement (1 mark)
Tutorial engagement is assessed based on how actively students engage in the tutorial by, for example, asking relevant questions, answering tutors/peers' questions, participating in group discussion, in-class presentation, etc.
The best 8 out of 10 weeks' participation marks will count. Detailed marking rubrics will be released on iLearn in Week 1.
Submission
In your registered tutorial class. You have to attend your registered tutorial class for participation marks.
Extension
No extension will be granted. The best 8 out of 10 weeks' tutorial participation marks will count.
Penalties
Students that miss more than 2 of the 10 tutorials due to serious and unavoidable disruptions will be given special consideration. In those cases, an application for Disruption to Studies has to be submitted and approved.
Due: Week 8
Weighting: 14%
The class test will be held in Week 8 in your registered tutorial class. The test is designed to provide timely feedback and identify any particular learning challenges or areas of difficulty prior to the final examination. Information about the test will be announced on iLearn by Week 7. The test will be conducted under closed-book examination conditions. You have to sit the test in your registered class.
Submission
In your registered tutorial class in Week 8.
Extension
No extension will be granted. A mark of ZERO will be awarded if students miss the test, unless a Disruption to Studies application is submitted and approved, in which case a supplementary test will be granted.
Penalties
A mark of ZERO will be awarded if students miss the test, unless a Disruption to Studies application is submitted and approved, in which case a supplementary test will be granted.
Due: Week 10 Monday 3pm
Weighting: 20%
The assignment relates to MYOB and has two components:
(a) Individual component (15%)
The individual component will assess students' skills in using MYOB, computerised accounting software (which is taught in Week 6).
(a) Group component (5%)
The group component will allow students to demonstrate communication, teamwork, and problem-solving skills.
The assignment (with both the group and individual components) is due at 3pm on 15 May 2016 (Week 10 Monday). Please check iLearn for further information about the assignment, which will be available by Week 6.
Extension
No extension will be granted. There will be a deduction of 10% of the total available marks made from the total awarded marks 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 submitted within a reasonable time frame and approved. No submission will be accepted after solutions have been posted.
Penalties
A mark of ZERO will be given for non-submission of the assignment. Late submission will be penalised, as detailed above.
Due: Formal Examination Period
Weighting: 50%
A final examination is included as an assessment task for this unit to provide assurance that:
i) the product belongs to the student, and
ii) the student has attained the knowledge and skills tested in the exam.
A 2-hour closed-book final examination for this unit will be held during the university examination period. All topics covered in the unit are examinable. Detailed information will be released on iLearn by Week 11.
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://www.timetables.mq.edu.au/exam
If a Supplementary Examination is granted as a result of the disruption to studies process, the examination will be scheduled as per the Supplementary Examination timetable of the Faculty.
Classes
http:www.timetables.mq.edu.au/
Prizes
http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships
Required and recommended texts and/or Materials
Carlon et al., 2016, Financial Accounting: Reporting, Analysis and Decision Making, 5th Edition, John Wiley & Sons Australia.
Technology Used and Required
Unit Web Page
Learning and Teaching Activities
In the lecture, you will be given practical explanations and examples to supplement the text materials. Every week, you are expected to read both the textbook chapter(s) listed in the Unit Schedule and any supplementary materials specified on iLearn. You are also expected to read the relevant text chapters and supplementary materials before attending the lecture. Lecture slides in pdf format will be available on the unit web page on a weekly basis. It is suggested that you bring a copy of the lecture slides to each class and make any additional notes you think are important.
In Session 1 2017, tutorials commence in Week 1. The purpose of tutorials (especially from Week 2 to 13) is to provide an interactive learning environment in which students will practise the materials covered in lectures. You are required to prepare the weekly tutorial questions before attending the tutorial. Your weekly homework will be checked by your tutor at the beginning of each tutorial (as mentioned in the Assessment Task section). Solutions to tutorial questions will be available on the unit web page by the end of each week. You are expected to study the solutions provided and compare them with your own attempts. If you are experiencing difficulties, it is suggested you attend the PAL sessions or staff consultations.
KickStart
This unit includes a KickStart package, designed to help you get a head start with your studies. Being well prepared can be the key to success, so be sure to take advantage of KickStart and make it work for you.
What is it?
KickStart is a package of resources and activities in iLearn that is specific to studying this unit. Your package may include welcome videos from the Unit Convenor, quizzes (not counting toward your final grade), insights from industry experts and tips from previous students on how to succeed in the unit.
When is it available?
It is available on iLearn in the KickStart package.
Please note that the activities in the KickStart package do not count towards the final grade of the unit.
Week |
Commencing |
Lecture topic |
Readings: Carlon et al. (2016) or additional material |
1 |
27 Feb |
Introduction: accounting and governance |
See iLearn for additional material: Solomon (2013) Chapter 1 |
2 |
6 Mar |
Internal control and cash management |
Chapters 6 and 7 (p.406-421) |
3 |
13 Mar |
Accounting for receivables |
Chapter 7 (p.428-435) |
4 |
20 Mar |
Accounting for inventory I |
Chapters 4 & 5 |
5 |
27 Mar |
Accounting for inventory II and GST implications |
Chapters 4 & 5 |
6 |
3 Apr |
MYOB |
See iLearn for additional material (from the MYOB lecturer) |
7 |
10 Apr |
Professional communication |
See iLearn for additional material (from Performance Education) |
Mid-session break (17 – 28 April) |
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8 |
1 May |
Accounting regulation and conceptual framework |
Chapter 13 |
9 |
8 May |
Accounting for non-current assets |
Chapter 8 |
10 |
15 May |
Accounting for liabilities and equity |
Chapters 9 and 10 |
11 |
22 May |
Financial statement analysis |
Chapter 12 |
12 |
29 May |
Accounting for partnerships |
See iLearn for additional material: Hoggett et al. (2015) Chapter 15 |
13 |
5 June |
Revision and discussion of final exam |
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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_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.
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 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 ground 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://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 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:
The assessment structure and the sequence of the lecture topics have been changed. Please refer to the relevant sections (that is, Assessment Tasks and Unit Schedule) for details. Also, the duration of the final exam in Session 1 2017 is two hours (plus 10 minutes' reading time).
This unit provides students with the opportunities of engaging the current accounting research. Selected research findings are embedded in the discussion of relevant lecture topics (e.g., role of accounting in governance).
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.