Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
Kym Butcher
Contact via accg611@mq.edu.au
E4A 243
To be advised via consultation schedule in Week 2
Moderator
Rajni Mala
Contact via Email
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MAccg(Adv) or MAccg or MAcc(CPA) or MAcc(Prof) or MAcc(Prof)MCom or MBioBus or MIntAccg or MCom 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:
What is required to pass the Unit?
To achieve a passing grade for the unit students MUST obtain an overall mark greater than 50%.
Name | Weighting | Hurdle | Due |
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Assessed coursework | 25% | No | Weeks 2, 3, 7, 9, 12 |
Class Tests | 20% | No | Weeks 4 and10 |
Final examination | 55% | No | University examination period |
Due: Weeks 2, 3, 7, 9, 12
Weighting: 25%
Participation in Discussion Forum (25%)
Students will form respond to a discussion forum in Weeks 2, 3, 7, 9 & 12. The discussion question(s) will be based on assigned homework. Each response will be marked out of five.
Submission
Submission is only possible online.
Extensions and penalties
No extensions will be granted. Students who do participate in the discussion forum will be awarded a mark of 0 for the task. This penalty does not apply in cases for which an application for Disruption to Studies is made and approved.
Due: Weeks 4 and10
Weighting: 20%
Students are required to attempt two class tests.
The first test will be a 30 minute online multiple choice test at the end of Week 4. The test is weighted 10% and will serve as a diagnostic indicator of student performance.
The second class test will be an online test at the end of Week 10. The test will be weighted 10% and be of one hour duration.
Detailed information about the class tests will be released on iLearn.
Submission
Both tests will be online thus must be completed online.
Extensions and penalties
No extensions will be granted. Students who have not attempted the class tests will be awarded a mark of 0 for the test. This penalty does not apply for cases in which an application for Disruption to Studies is made and approved. Note that there will be no supplementary tests. Students who are absent from the first class test will increase the weighting on the second or third test and vice versa if an application for Disruption to Studies is made and approved. Students who miss all tests will shift the assessment percentage to the Assignment if an application for Disruption to Studies is made and approved.
Due: University examination period
Weighting: 55%
Submission
A 2 hour final examination for this unit will be held during the University Examination period. Detailed information will be available on ilearn prior to the Week 13 seminar.
The University Examination period in Session 1 2017 is Monday 12 June through Friday 30 June.
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 examination: 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.
Students will be awarded one of these grades. 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. The final grade awarded reflects the corresponding grade descriptor in the Grading Policy.
Extensions and penalties
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
Classes
The material for each week will be available online by Friday of each teaching week.
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
Activity No. |
Activity Description |
Hours |
1 |
Reviewing online material for each week |
40 |
2 |
Assessment Task 1 (Assessed Coursework – weighting 25%) |
5 |
3 |
Assessment Task 2 (In-class tests - weighting: 20%) |
2 |
4 |
Assessment Task 3 (Final examination – weighting: 55%) |
2 |
5 |
Readings/self-study/tests and exam preparation |
101 |
Consultation
Consultation is available every week starting from Week 2. The consultation schedule will be provided on ilearn.
Required Textbook and Recommended Texts and/or Materials
Carlon, S., McAlpine-Mladenovic, R., Palm, C., Mitrione, L., Kirk, N. and Wong, L. (2016). Financial Accounting: Reporting, Analysis and Decision Making, Wiley, QLD, Australia.
The prescribed textbook (with Wiley Plus) can be purchased directly from the Co-op Bookshop on campus or online via the following link: http://www.wileydirect.com.au/buy/financial-accounting-5th-edition/. In addition, copies of the textbook are available in the reserve section of the library. Note that WileyPlus is not a required learning material in ACCG611 yet can be used as a revision tool.
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 learning materials on the unit ilearn webpage via the internet and complete the online class tests.
Seminar Week |
Week Commencing |
Topic
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Text Reference (Carlon et al. (2015)) |
Assessment/Activities |
1 |
Monday 27 February |
An overview of accounting |
Chapter 1 (pgs 4-19 & 40-43) |
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2 |
Monday 6 March |
The role of sustainability & ethics in accounting |
TBA |
Discussion Forum |
3 |
Monday 13 March |
Financial accounting for business: accounting cycle and double-entry accounting |
Chapter 2 (pgs. 92-109) & Chapter 3 (pgs. 154-155) |
Discussion Forum |
4 |
Monday 20 March |
Financial accounting for business: recording transactions |
Chapter 2 (pg. 110-124) |
Class test 1 (diagnostic online test) |
5 |
Monday 27 March |
Financial accounting for business: adjusting entries 1 |
Chapter 3 – (up to pg. 178) |
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6 |
Monday 3 April |
Financial accounting for business: adjusting entries 2 |
Chapter 3 – (up to pg. 178) |
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7 |
Monday 10 April |
Financial accounting for business: closing entries & preparing financial statements |
Chapter 1 (pg. 20-29) & Chapter 3 (pgs. 179-183) |
Discussion Forum |
8 |
Monday 1 May |
Financial accounting for business: worksheets and ratio analysis |
Chapter 3 (pg. 187-188) &
Chapter 12 (pgs. 731-743) |
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9 |
Monday 8 May |
Financial accounting for business: accounting for inventory |
Chapter 5 |
Discussion Forum |
10 |
Monday 15 May |
Internal control and cash management |
Chapter 6 (up to pg. 338) & Chapter 7 (pg. 406-421) |
Class test 2 (online) |
11 |
Monday 22 May |
Introduction to management accounting and budgeting |
TBA |
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12 |
Monday 29 May |
Cost volume profit analysis |
TBA |
Discussion Forum |
13 |
Monday 5 June |
Revision |
NA |
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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.
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 the ability of students to research and locate information within the 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.
Date | Description |
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14/02/2017 | Changes in content in the Unit Schedule. |
29/01/2017 | Change in the final exam to a non-hurdle assessment. |