Unit convenor and teaching staff |
Unit convenor and teaching staff
Course Coordinator
Damian Bridge
Contact via Via ILearn
TBA
Moderator
Rahat Munir
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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 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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Individual Assignment | 20% | No | 2 November 2019 |
Syndicate Project | 30% | No | Wednesday 5pm. 20 November 2019 |
Final Examination | 50% | No | Exam week: 25 - 30 Nov. 2019 |
Due: 2 November 2019
Weighting: 20%
Individual Assignment
This assignment is composed of two parts.
Part 1 (10%)
In the first part of the assignment you will be required, in separate groups, to participate in a weekly discussion. The facilitator will ask a specific question each week, based on a set of published financial statements. You are required to reply to the question posed (100 words minimum) as well as reply to two other students' posts (50 words minimum). This will be completed between weeks 2 and 5.
You will be required to write an assessments of the posts that you have made. You will need to classify the posts on the grounds and claims for your assertions. These grounds will be either classified as evidence in literature, anecdotal evidence or reasoning. These claims will either be classified as policy, judgement/value or fact. Finally, you will have to evaluate what you learnt from the discussion process.
Part 2 (10%)
In this part of the assignment you will be required to evaluate the quality of financial data presented by a listed entity. What can you learn from analysing the annual report of this company that you did not know otherwise.
Required:
A coherent report of no more than 1500 words +/- 10%. You will need to allocate adequate space for each section as you deem appropriate.
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.
By the end of this project, students will have achieved the following learning outcomes:
Due: Wednesday 5pm. 20 November 2019
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 company you analyse should be listed on the ASX while the competitor may be local or overseas e.g. JB Hi Fi and Best Buy. 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 in total [NB: Suggested is 4,250 for the group report, and 750 for the individual report (see below).]. The report is to be submitted electronically via iLearn. Feedback will be provided within two weeks of submission.
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. As above, it is expected that the individual report limit would be 750 words. The report is 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: 25 - 30 Nov. 2019
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
Monday 6pm - 10pm (Starts: 16 September 2019)
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 |
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) 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 or if you are a Global MBA student contact globalmba.support@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.
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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:
Our postgraduates will be able to communicate effectively and convey their views to different social, cultural, and professional audiences. They will be able to use a variety of technologically supported media to communicate with empathy using a range of written, spoken or visual formats.
This graduate capability is supported by:
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This graduate capability is supported by:
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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
These unit materials and the content of this unit are provided for educational purposes only and no decision should be made based on the material without obtaining independent professional advice relating to the particular circumstances involved.