Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
Andy Wang
Contact via a.wang@mgsm.edu.au
TBA
TBA
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MBA or MMgmt or PGDipMgt or GradDipMgt or PGCertMgt or GradCertMgt or MEngMgt or MSocEntre or GradCertSocEntre
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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 equips managers with the skills and tools to construct, analyse, interpret and act upon the accounting and financial information produced within a business. This discussion and analysis begins with the three financial statements targeted at external users: the Profit and Loss Statement, the Balance Sheet, and the Statement of Cash Flows. The unit then proceeds into the analysis, interpretation, and the use of management accounting information for the purpose of managerial decision making. Real life complexities in the decision making process are highlighted.
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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 | Hurdle | Due |
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Midterm Examination | 20% | No | 17 October 2018 |
Syndicate Project | 30% | No | 21 November 2018 |
Final Examination | 50% | No | Exam week: 26 Nov - 1 Dec 2018 |
Due: 17 October 2018
Weighting: 20%
Duration: The midterm examination is of one (1) hour plus five (5) minutes reading time.
Format: Multiple choice questions, closed book.
Due: 21 November 2018
Weighting: 30%
Syndicate Report (15%)
The syndicate report should compare and contrast the historical (for the last 5 years) and expected future performance for a company and a competitor in a similar line of business. The syndicate report should be comprised of two parts, a qualitative part and a quantitative part. These two parts do NOT need to be in their own distinctive sections, and it is up to the syndicate to structure the report in a way that makes logical sense. 5,000 word limit. To be submitted electronically via iLearn. Marking criteria will be made available in class.
Within the qualitative area, your discussion should include (but does not have to be limited to:
Within the quantitative area, the syndicate should:
Individual Report (15%)
Based on the qualitative and quantitative analysis, each member individually should make a recommendation. There are three possible recommendations you can make:
You should also comment on the relative strengths and weaknesses of your entire analysis (inclusive of the syndicate report). Your discussion should focus on what the analysis has accomplished and what are the limitations. Marking criteria will be made available in class. To be submitted electronically via iLearn.
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 special consideration is made and approved.
Learning outcomes from group project
By the end of this project, students will have achieved the following learning outcomes:
Due: Exam week: 26 Nov - 1 Dec 2018
Weighting: 50%
The final examination is of three (3) hours plus ten (10) minutes reading time.
The exam format will be open-book, and may consist of a combination of short answer, practical or essay style questions. More details on the exam will be provided in class. The final exam will cover content from:
You are expected to present yourself for examination at the time and place designated in the MGSM Examination Timetable. The timetable will be available at https://students.mgsm.edu.au/sydney-students/units/exams/
There is no required textbook for this unit. The following textbook is suggested:
Atrill, P., McLaney, E., & Harvey, D., 2018, Accounting for Non-Specialists, 7th Edition, Pearson Australia, ISBN: 978-1-4886-1258-9
MGSM iLearn
The web page for this unit can be found at: https://ilearn.mq.edu.au/login/MGSM
Weekly class - Wednesday 6pm - 10pm (Starts: 19 September 2018)
Students are required to attend all classes.
Our Unit Notes provide the key information and are written, where applicable, from the perspective of managers and executives. The textbook readings provide background/supporting material where relevant. The topics and readings are as follows:
Session |
Topic |
Primary Readings |
Optional Textbook Reading |
1 |
The Nature of Accounting |
Unit Notes – Topic 1 |
AMH (Textbook) Chapters 1 & 4 |
2 |
Balance Sheets and Profit and Loss Statements |
Unit Notes – Topic 2 |
AMH (Textbook) Chapters 2 & 3 |
3 |
Statement of Cash Flows |
Unit Notes – Topic 3 |
AMH (Textbook) Chapter 6 |
4 |
Working Capital Management |
Unit Notes – Topic 4 |
AMH (Textbook) Chapter 13 |
5 |
Financial Statement Analysis |
Unit Notes – Topic 5 |
AMH (Textbook) Chapter 8 |
6 |
Financial Statement Analysis: DuPont Model |
Unit Notes – Topic 6 |
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7 |
Financial Statement Analysis: Managing for Sustainable Growth |
Unit Notes – Topic 7 |
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8 |
Cost Behaviour and Analysis |
Unit Notes – Topic 8 |
AMH (Textbook) Chapters 9 & 10 |
9 |
Short-Term Management Planning |
Unit Notes – Topic 9 |
AMH (Textbook) Chapter 7 |
10 |
Budgeting |
Unit Notes – Topic 10 |
AMH (Textbook) Chapter 11 |
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Our postgraduates will demonstrate a high standard of discernment and common sense in their professional and personal judgment. They will have the ability to make informed choices and decisions that reflect both the nature of their professional work and their personal perspectives.
This graduate capability is supported by:
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by:
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This graduate capability is supported by:
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This graduate capability is supported by:
No changes from previous offering
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The interactive environment of the classroom is central to the MGSM experience. Students are required to attend the full duration of all classes for the units in which they are enrolled. We recognise that exceptional circumstances may occur, such as unavoidable travel on behalf of your organization or the serious illness or injury of you or a close family member.
Special consideration may be given for a maximum of 20% non-attendance for such circumstances as long as lecturers are contacted in advance, and supporting documentation provided, to request exemption from attendance. Failure to abide by these conditions may result in automatic withdrawal, with academic and/or financial penalty. The full Student Attendance Policy is published in the MGSM Student Handbook at https://students.mgsm.edu.au/handbook
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