Students
ACCG1000 – Accounting in Society
2020 – Session 3, Special circumstance
Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.
To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
General Information
Download as PDF
| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor/ Lecturer
Leisa Henness
Consultation hours to be advised via ilearn
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|---|---|
| Credit points |
Credit points
10
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| Prerequisites |
Prerequisites
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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 and the accounting profession in society. By exploring and discovering diverse accountability frameworks, students will learn to appreciate the role accounting plays. The unit aims to introduce basic accounting language, concepts and methods. Students will be provided with an opportunity to discuss evolving means of information preparation, with an emphasis on understanding how such information assists users when making important business decisions. The role of accounting stewardship is explored, developing students’ awareness of social, environmental and ethical concerns in an attempt to develop well rounded business professionals.
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Important Academic Dates
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
Learning Outcomes
On successful completion of this unit, you will be able to:
- ULO1: Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management.
- ULO2: Describe the business environment of the accounting profession.
- ULO3: Develop competences in key technical aspects in accounting practice and be able to process and interpret basic accounting information.
- ULO4: Evaluate the traditional aspects of accounting for business decision-making.
- ULO5: Research and communicate ethical issues in business.
Assessment Tasks
| Name | Weighting | Hurdle | Due |
|---|---|---|---|
| Case Study | 10% | No | Friday 18th December, 5pm (submit via ilearn) |
| Online Quiz | 25% | No | Tuesday 5th January (window to be notified via ilearn) |
| Interactive Assignment | 10% | No | Monday 11th January, 5pm (submit via ilearn) |
| Final Examination | 55% | No | Examination Period (18-22 January 2021) |
Case Study
Assessment Type 1: Report
Indicative Time on Task 2: 14 hours
Due: Friday 18th December, 5pm (submit via ilearn)
Weighting: 10%
The case study is a 1,000-word research essay that encourages students to explore ethical issues in business, using materials outside the assigned text.
On successful completion you will be able to:
- Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management.
- Research and communicate ethical issues in business.
Online Quiz
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 30 hours
Due: Tuesday 5th January (window to be notified via ilearn)
Weighting: 25%
Students are required to attempt an online test (quiz) through iLearn. The purpose of the online test is to provide students with feedback on their learning of the 'Financial Accounting for Business' topics.
On successful completion you will be able to:
- Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management.
- Describe the business environment of the accounting profession.
- Develop competences in key technical aspects in accounting practice and be able to process and interpret basic accounting information.
Interactive Assignment
Assessment Type 1: Participatory task
Indicative Time on Task 2: 14 hours
Due: Monday 11th January, 5pm (submit via ilearn)
Weighting: 10%
During the session, students will be required to undertake an interactive assignment task guided by learning materials provided. The interactive assignment is progressive in nature and the stipulated tasks are to be completed on a weekly basis.
On successful completion you will be able to:
- Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management.
- Develop competences in key technical aspects in accounting practice and be able to process and interpret basic accounting information.
Final Examination
Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: Examination Period (18-22 January 2021)
Weighting: 55%
A two-hour online examination (open book) will be held during the University Examination period.
On successful completion you will be able to:
- Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management.
- Describe the business environment of the accounting profession.
- Develop competences in key technical aspects in accounting practice and be able to process and interpret basic accounting information.
- Evaluate the traditional aspects of accounting for business decision-making.
1 If you need help with your assignment, please contact:
- the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
- the Writing Centre for academic skills support.
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Delivery and Resources
Classes
ACCG1000 will be delivered through a series of 13 Online Lectures (2 hours) which are followed by a 1 hour tutorial. Please check unit schedule for scheduled sessions. All lectures and tutorials will be conducted via live zoom sessions. Attendance will be recorded at these sessions and student participation is strongly encouraged.
Please ensure you actively check iLearn prior to your sessions for latest updates.
Lectures
Recordings of lectures will be made available the same evening after the live zoom session
Tutorials
Tutorials begin on Wednesday, 2nd December in the first week and all subsequent tutorials will be based upon previous lecture topic. ie the first tutorial on Wednesday will be on Lecture No 1. Tutorials are scheduled on the same day as lectures .Students are expected to attempt tutorial exercises prior to attending weekly tutorials and actively participate in the tutorial sessions.
Prescribed text and recommended materials
Prescribed text for this unit:
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Carlon, S., McAlpine-Mladenovic, R., Palm, C., Mitrione, L., Kirk, N. and Wong, L. (2016) 'Financial Accounting: Reporting, Analysis and Decision Making (6th edition)', Wiley, QLD, Australia.
This text will be used in both ACCG1000 and ACCG1001. Students can purchase this text either at the Co-op, Macquarie University, or online at https://www.wileydirect.com.au/buy/financial-accounting-reporting-analysis-and-decision-making-6th-edition/
This text is available in both hard copy and E-Text formats.
Students will also be required to source other online material including:
- Chwastiak, M. and Young, J. (2003) "Silences in Annual Reports." Critical Perspectives on Accounting, vol.14, no.5, pp.533-552.
- Evans, E., Burritt, R. and Guthrie, J. (2015) "Future Proofing the Profession: Preparing Business Leaders and Finance Professionals for 2025." The Institute of Chartered Accountants, Sydney, Australia.
- Evans, E., Burritt, R. and Guthrie, J. (2011) "Bridging the gap between academic accounting research and professional practice." The Institute of Chartered Accountants, Sydney, Australia.
- Hines, R. (1988) "Financial accounting: in communicating reality, we construct reality." Accounting, organizations and society, vol.13, no.3, pp.251-261.
- International Accounting Education Standards Board (IAESB) @ http://www.iaesb.org/
- United Nations Global Compact @ https://www.unglobalcompact.org/
Other required material will be available to students throughout the session via iLearn.
Unit Schedule
Unit Schedule -Session 3 2020
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Lecture |
Topic |
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1 Monday 30 November |
Accounting, accountability and society Accounting for organisations Careers in accounting |
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2 Wednesday 2 December |
Ethics: What is it and why it is important? Role of ethics in accounting Code of ethics for professional accountants |
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3 Friday 4th December |
Financial accounting for business: double-entry accounting |
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4 Monday 7th December |
Financial accounting for business: preparing general journals |
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5 Wednesday 9th December |
Financial accounting for business: posting and trial balance |
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6 Fri 11th December |
Financial accounting for business: adjusting entries |
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7 Monday 14th December |
Financial accounting for business: closing entries |
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8 Wednesday 16th December |
Financial accounting for business: preparing and interpreting financial statements - 1 |
| Session break 19th December 2020 - 3rd January 2021 | |
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9 Monday 4th January |
Financial accounting for business: preparing and interpreting financial statements - 2 |
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10 Wednesday 6th January |
Management accounting: introduction |
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11 Friday 8th January |
Management accounting: cost volume profit analysis |
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12 Monday 11th January |
Sustainability: What it is and why it is important? Role of accountants Disclosure and reporting requirements |
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13 Wednesday 13th January |
Revision |
| Final Examination Period: 18th January - 22nd January 2021 |
Policies and Procedures
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:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Grade Appeal Policy
- Complaint Management Procedure for Students and Members of the Public
- Special Consideration Policy (Note: The Special Consideration Policy is effective from 4 December 2017 and replaces the Disruption to Studies Policy.)
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).
Student Code of Conduct
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
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
Student Support
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
Student Services and Support
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Student Enquiries
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
IT Help
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.
Changes from Previous Offering
None