Coronavirus (COVID-19) Update
Due to the Coronavirus (COVID-19) pandemic, any references to assessment tasks and on-campus delivery may no longer be up-to-date on this page.
Students should consult iLearn for revised unit information.
Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students
Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor and Lecture
Nuraddeen Nuhu
Contact via accg1001@mq.edu.au
4ER 343
Consultation hours will be announced on iLearn
Moderator
Parmod Chand
Contact via accg1001@mq.edu.au
4ER 214
Rahat Munir
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---|---|
Credit points |
Credit points
10
|
Prerequisites |
Prerequisites
ACCG100 or ACCG106 or ACCG1000
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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 link between accounting and governance is discussed through the concepts of measurement, valuation, conceptual framework, reporting and communication of financial and non-financial information. The unit also acquaints students with how to apply computerised accounting software to record financial transactions and adjust accounting entries, and to prepare bank reconciliation and financial statements. On the completion of this unit, students are expected to understand the role of accounting in discharging accountability, provide accounting treatment for assets, liabilities and equity, analyse and interpret financial statements, and understand the regulatory accounting environment. Critical, analytical and integrative thinking, problem solving, communication and teamwork skills are developed through treatments of accounting transactions and events, and the completion of a business report and group project. |
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:
Coronavirus (COVID-19) Update
Assessment details are no longer provided here as a result of changes due to the Coronavirus (COVID-19) pandemic.
Students should consult iLearn for revised unit information.
Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students
1. Assessed Coursework
Due: Weekly (Weeks 2 - 13)
Weighting: 8%
Students are expected to arrive at their registered tutorial class on time and to remain for its entire duration, for all 13 weeks, so as to benefit from the learning program designed. Students are to come to class prepared with a written, individual and genuine attempt at the weekly assigned tutorial homework questions (which will be made available on iLearn by Week 1) and engage in class discussion each week.
Independent work on tutorial homework questions is fundamental to the learning process and, therefore, achieving learning outcomes in this unit. You are expected to make a substantive attempt at ALL the assigned tutorial homework questions before each class and bring your completed homework to the class each week, from Week 2 to 13, except for Week 7 (no tutorial due to MYOB workshops) and Week 8 (there will be Class Test instead). The homework will be marked based on completeness and correctness.
Criteria and standards
Detailed marking rubrics for weekly homework will be released on iLearn by Week 1. Your tutor will provide feedback when returning the marked homework.
Submission
In your registered tutorial class only. FOUR times throughout the session, your tutor (at their discretion) will randomly collect weekly homework (hard copy) for marking. Each submission will be awarded a maximum of 2 marks (detailed marking rubrics will be available on iLearn by Week 1). The first homework will be collected and marked by week four, so as to serve as an early diagnostic to allow the teaching staff to understand how students are handling the content and issues in the unit.
Extension and penalties
No extensions will be granted. Students who fail to submit their work during class time in the registered tutorial will be awarded a mark of ZERO for the submission missed, unless Special Consideration is applied for and approved.
Important Note: Tutorials start in Week 1 and tutorial registration will be finalised on the Friday of Week 1 (28 February 2020).
2. Class Test
Due: Week 8
Weighting: 17%
The class test will be held in Week 8 in your registered tutorial class, under closed-book examination conditions.
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.
Criteria and standards
The class test will be marked based on the appropriate applications of knowledge and skills to the test questions, which might be including multiple choices, short answer, discussion, and practical questions. Feedback on the test will be given in the lecture and tutorials, and the answers to the test questions will be provided on iLearn, after Week 8.
Submission
You MUST attend your registered tutorial class in Week 8 to sit for the class test.
Extension and penalties
No extension will be granted. Students who do not sit for the class test in their registered tutorial will be awarded a mark of ZERO for the test, except for cases in which an application for Special Consideration is approved.
3. Assignment
Due: 3pm Monday Week 10
Weighting: 20%
(1) Group component (10%)
The group component will assess students’ skills in using MYOB computerised accounting software while working in a group.
(2) Individual component (10%)
The individual component will allow students to demonstrate communication, research and problem-solving skills
Criteria and standards
The assignments will be marked on the basis of the marking rubrics, which will be provided on iLearn. The feedback for each assignment will be provided by the tutors via iLearn (for individual component) and in hardcopy (for group component).
Submission
The assignment, both the group and individual components, is due by 3pm on Monday, 11 May 2020 (Week 10).
Further information about each assignment component, marking rubrics and submission details will be available on iLearn.
Late Submission
Late assessment must also be submitted through Turnitin. 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 incurs a 20% penalty). Late submissions will not be accepted after solutions have been discussed and/or made available. This penalty does not apply for cases in which an application for Special Consideration is made and approved. Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time.
4. Final Examination
Due: University Examination Period
Weighting: 55%
A two-hour closed-book final examination will be held during the University Examination Period. All topics covered in this unit are examinable. Detailed information about this final exam will be released on iLearn by Week 12.
The purpose of the final examination is to provide assurance that: (i) learning acquired throughout this unit belongs to the student and; (ii) the student has attained the knowledge and skills tested in the exam.
Criteria and standards
The final examination will be marked based on the appropriate applications of knowledge and skills based on various types of questions.
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 for the final examination, except for cases in which a Special Consideration Notification is made and approved.
If a Supplementary Examination is granted as a result of the Special Consideration process, the 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 Special Consideration 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 Special Consideration Notification and must submit themselves to partake in the Supplementary Examination.
Students are advised to familiarise themselves with the University’s Special Consideration Policy available at https://staff.mq.edu.au/work/strategy-planning-and-governance/universitypolicies-and-procedures/policies/special-consideration
Coronavirus (COVID-19) Update
Any references to on-campus delivery below may no longer be relevant due to COVID-19.
Please check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status
Carlon, S., McAlpine-Mladenovic, Lee, C., Mitrione, L., Kirk, N. and Wong, L. (2019) 'Financial Accounting: Reporting, Analysis and Decision Making', Wiley, QLD, Australia.
Recommended additional materials:
In the lecture, you will be given practical explanations and examples to supplement the text materials. You are expected to read both the relevant textbook chapter(s) listed in the Unit Schedule and any supplementary materials specified on iLearn 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 these lecture slides to each class and make any additional notes that you think are important.
Tutorial classes commence in Week 1. The purpose of tutorials (especially from Week 2 to 13) is to provide an interactive learning environment in which to apply and practice the content covered in lectures. You are required to prepare for the weekly tutorial homework questions before attending your registered tutorial class.
The suggested solutions to tutorial homework questions will be made available on the unit web page by the end of each week. You are expected to self-assess your own homework attempt against the suggested solutions. If you are experiencing difficulties, you are strongly advised to attend staff consultations and PAL sessions.
This unit includes a KickStart package, designed to help you get a head start on 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 includes resource videos, links, and quizzes (not counting toward your final grade).
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.
Coronavirus (COVID-19) Update
The unit schedule/topics and any references to on-campus delivery below may no longer be relevant due to COVID-19. Please consult iLearn for latest details, and check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status
Week |
Commencing |
Lecture topic |
Readings: Carlon et al. (2019) or additional materials |
1 |
24 Feb |
Introduction: accounting and governance |
See iLearn for additional material: Solomon (2013) Chapter 1 |
2 |
2 Mar |
Internal control and cash management |
Chapters 6 and 7 (p.427-442) |
3 |
9 Mar |
Accounting for receivables |
Chapter 7 (p.449-456) |
4 |
16 Mar |
Accounting for inventory I |
Chapters 4 & 5 |
5 |
23 Mar |
Accounting for inventory II and GST implications |
Chapters 4 & 5 |
6 |
30 Mar |
MYOB |
See iLearn for additional material from the MYOB lecturer |
7 |
6 Apr |
Professional communication |
See iLearn for additional material from Performance Education |
Mid-Session Break: 13th April – 24th April 2020 |
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8 |
27 Apr |
Accounting regulation and conceptual framework |
Chapter 13 |
9 |
4 May |
Accounting for non-current assets |
Chapter 8 |
10 |
11 May |
Accounting for liabilities and equity |
Chapters 9 and 10 |
11 |
18 May |
Financial statement analysis |
Chapter 12 |
12 |
25 May |
Accounting for partnerships |
See iLearn for additional material: Hoggett et al. (2015) Chapter 15 |
13 |
1 Jun |
Revision and discussion of final exam |
|
Final Examination Period: 8 June – 26 June 2019 |
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:
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
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