Students

ACCG1001 – Accounting and Governance

2021 – Session 2, Special circumstances

Session 2 Learning and Teaching Update

The decision has been made to conduct study online for the remainder of Session 2 for all units WITHOUT mandatory on-campus learning activities. Exams for Session 2 will also be online where possible to do so.

This is due to the extension of the lockdown orders and to provide certainty around arrangements for the remainder of Session 2. We hope to return to campus beyond Session 2 as soon as it is safe and appropriate to do so.

Some classes/teaching activities cannot be moved online and must be taught on campus. You should already know if you are in one of these classes/teaching activities and your unit convenor will provide you with more information via iLearn. If you want to confirm, see the list of units with mandatory on-campus classes/teaching activities.

Visit the MQ COVID-19 information page for more detail.

General Information

Download as PDF
Unit convenor and teaching staff Unit convenor and teaching staff
Carmel Emanuel
Administrator
Charmaine D'Souza
Unit Moderator
Peipei Pan
Credit points Credit points
10
Prerequisites Prerequisites
ACCG100 or ACCG106 or ACCG1000
Corequisites Corequisites
Co-badged status Co-badged status
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.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://students.mq.edu.au/important-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Identity and describe the role of accounting in organisational governance and stewardship, and in discharging accountability to stakeholders.
  • ULO2: Apply skills in processing accounting information and explain classifications and/or treatments to essential accounting processes.
  • ULO3: Analyse financial statements and integrate knowledge and skills to solve business problems.
  • ULO4: Explain the regulatory accounting environment and its impact for the accounting profession.
  • ULO5: Prepare financial statements, and provide advice on routine accounting issues from appropriate regulatory and/or governance perspectives.

Assessment Tasks

Name Weighting Hurdle Due
Online Class Test 25% No Week 7 Friday 10th September, 2021
Assignment 20% No Week 10 Friday 15th October, 2021 at 11.59pm
Final Examination 55% No University Exam Period

Online Class Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Week 7 Friday 10th September, 2021
Weighting: 25%

 

The online test is designed to give feedback to students’ understanding of key topics and concepts covered, and to identify any particular learning challenges or areas of difficulty prior to final examination.

 


On successful completion you will be able to:
  • Identity and describe the role of accounting in organisational governance and stewardship, and in discharging accountability to stakeholders.
  • Apply skills in processing accounting information and explain classifications and/or treatments to essential accounting processes.
  • Explain the regulatory accounting environment and its impact for the accounting profession.

Assignment

Assessment Type 1: Practice-based task
Indicative Time on Task 2: 22 hours
Due: Week 10 Friday 15th October, 2021 at 11.59pm
Weighting: 20%

 

Individual component (20%). The individual component will require students to apply theories, frameworks and concepts to workplace scenarios through the completion of a business report.

 


On successful completion you will be able to:
  • Identity and describe the role of accounting in organisational governance and stewardship, and in discharging accountability to stakeholders.
  • Apply skills in processing accounting information and explain classifications and/or treatments to essential accounting processes.
  • Analyse financial statements and integrate knowledge and skills to solve business problems.
  • Prepare financial statements, and provide advice on routine accounting issues from appropriate regulatory and/or governance perspectives.

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 30 hours
Due: University Exam Period
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:
  • Identity and describe the role of accounting in organisational governance and stewardship, and in discharging accountability to stakeholders.
  • Apply skills in processing accounting information and explain classifications and/or treatments to essential accounting processes.
  • Analyse financial statements and integrate knowledge and skills to solve business problems.
  • Explain the regulatory accounting environment and its impact for the accounting profession.
  • Prepare financial statements, and provide advice on routine accounting issues from appropriate regulatory and/or governance perspectives.

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 Learning Skills Unit 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

Prescribed textbook and recommended materials

Carlon, S., McAlpine-Mladenovic, Lee, C., Mitrione, L., Kirk, N. and Wong, L. (2019) 'Financial Accounting: Reporting, Analysis and Decision Making', Wiley, QLD, Australia.

  • Access to the textbook is essential for lecture references and for tutorial questions.  All chapter references in the unit schedule refer to the prescribed textbook unless otherwise indicated. 
  • The recommended textbook is an E-TEXT with interactive features. The E-TEXT can be purchased online at: https://www.wileydirect.com.au/buy/financial-accounting-reporting-analysis-and-decision-making-6th-edition/ or via booktopia at the beginning of the session.
  • As an alternative to the recommended E-TEXT, a hard copy of the textbook can be purchased from both sources. Limited copies of the textbook are available at the University library.

Recommended additional materials

  • Solomon, L (2019) ‘Corporate governance and accountability’, Wiley, Chichester, United Kingdom. (CHAPTER 1 only).
  • Hoggett, J. Edwards, L. Medlin, J. Chalmers, K. Hellmann, A., Beattie, C., Maxfield, J. (2015) 'Accounting' Wiley, QLD, Australia. (CHAPTER 15 only).

Technology used and required 

  • You must be familiar with the learning management system, iLearn;
  • Leganto (see ACCG1001 website) where access to the e-textbook and other recommended readings can be found;
  • You will need to conduct research and be familiar with Internet search engines and various library databases to source materials;
  • You will be required to use the MYOB software to complete the MYOB tasks

Unit Web Page

  • All course materials are available on the learning management system (iLearn). It is essential that you regularly visit the unit's web page. It is here that you will have access to the Unit Guide, announcements, supplementary reading materials, weekly lecture and tutorial materials, and staff consultation hours.
  • The web page for this unit can be found at: http://ilearn.mq.edu.au. To access the web page, you need to enter your username and password. You should contact the IT Helpdesk if you need any assistance at: https://students.mq.edu.au/support/technology/service-desk

Learning and Teaching Activities

Classes

Classes for ACCG1001 in Session 2 2021 consist of a weekly pre-recorded online lecture and a weekly face-to-face on campus tutorial or an online zoom tutorial.

The pre-recorded lectures will be uploaded on iLearn weekly. Each week's lecture will provide an explanation of that week's learning concepts as well as practical explanations and examples to supplement the concept materials. Each week you are expected to read both the relevant textbook chapter(s) listed in the unit schedule and any supplementary materials specified on iLearn in addition to watching the pre-recorded lecture. Lecture slides, in pdf format, will be available on the ACCG1001 iLearn web page on a weekly basis.

The weekly tutorial classes will be for a duration of 1.5 hours and commence in Week 2.  Students can choose to enrol in either a face-to-face on campus tutorial or an online zoom tutorial. The face-to-face or online zoom tutorials will involve the tutors and the students working through pre-set tutorial questions as well as in-class tutorial activities. Students must register for a tutorial and attend their registered tutorial.  Students are advised that any changes to tutorial classes must be made online through eStudent.

The purpose of tutorials (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 expected to watch the online lectures and attempt the weekly tutorial homework questions before attending your registered tutorial class. The suggested solutions to tutorial homework questions will be made available on the ACCG1001 iLearn web page at the end of each week.

 

Unit Schedule

Study Schedule and Weekly Readings

Week

Lecture Topics

Weekly readings

1

Introduction: accounting and governance

See iLearn for additional material: Solomon (2019) Chapter 1

2

Internal control and cash management

Chapters 6 and 7 

3

Accounting for receivables

Chapter 7 

4

Accounting for inventory I

Chapter 4 and 5 

5

Accounting for inventory II and GST implications

Chapter 4 and 5 

6

Revision for Quiz 1 and business report

See iLearn for additional material

7

MYOB

See iLearn for additional material

                                             Mid-Session Break  -  13th to 24th September, 2021

8

Accounting regulation and conceptual framework

Chapter 13

9

Accounting for non-current assets

Chapter 8 

10

Accounting for liabilities and equity

Chapters 9 and 10 

11

Financial Statement analysis

Chapter 12

12

Accounting for partnerships

See iLearn for additional material: Hoggett et al. (2015) Chapter 15

13

Final Exam Revision

 

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:

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/admin/other-resources/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 Enquiry Service

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

Equity 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.

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.