Students

ACCG3015 – Accountants in the Profession

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

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convener
Professor Rahat Munir
Contact via via email
Teaching Administrator
Ying Lu
Contact via via email
Credit points Credit points
10
Prerequisites Prerequisites
160cp including ACCG200 or ACCG2000 or ACCG224 or ACCG2024 or ACCG250 or ACCG2050 or ACCG2065
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This is an accounting PACE and Capstone unit. The unit integrates the materials that are covered in first- and second-year accounting and business law units, applying these materials to an environment where accounting graduates become professionals. The unit is reflective and integrative and future-focused, offering opportunities for ‘real world’ preparatory experience in the accounting profession. The class is conducted through workshops and discussions where students learn to develop personal and professional skills in sustaining a professional profile in business and the profession. It provides opportunities for students to engage with the community through panels from professional accounting bodies, community groups, NGO’s, MQ alumni, public sector and commercial organisations, and others. The unit requires students to interact with the industry partners in order to complete a major research project under the supervision of a faculty member. Students are also exposed to case studies which present realistic, complex, and contextually rich situations and involve dilemmas, conflicts, and problems accountants face in the profession, which allows to understand emergent issues for the accounting professionals.

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: Analyse the environments in which an accountant works.
  • ULO2: Integrate the interests of different stakeholders in an organisation or/and professional environment, including customers, competitors, collaborators, and other external forces.
  • ULO3: Develop personal, professional skills and group work capabilities through the identification and application of tools and strategies that take into account the opportunities and constraints of the professional environment.
  • ULO4: Formulate and communicate strategic responses to problem areas in the accounting profession.
  • ULO5: Critique the accounting profession’s contribution to society through discussion of ethical and professional conduct.

Assessment Tasks

Name Weighting Hurdle Due
Essay 30% No Please see iLearn
Reflective task 30% No Please see iLearn
Group Report and Presentation 40% No Please see iLearn

Essay

Assessment Type 1: Essay
Indicative Time on Task 2: 30 hours
Due: Please see iLearn
Weighting: 30%

Students are required to submit two 1,000-word essays. One essay will be on a presented ethical issue/dilemma and the other essay on a sustainability challenge, both relating to contemporary issues faced by the accounting profession. Both essays will require students to critique the accounting profession’s contribution to society and formulate an opinion and an informed response to these topical matters.


On successful completion you will be able to:
  • Integrate the interests of different stakeholders in an organisation or/and professional environment, including customers, competitors, collaborators, and other external forces.
  • Develop personal, professional skills and group work capabilities through the identification and application of tools and strategies that take into account the opportunities and constraints of the professional environment.
  • Formulate and communicate strategic responses to problem areas in the accounting profession.
  • Critique the accounting profession’s contribution to society through discussion of ethical and professional conduct.

Reflective task

Assessment Type 1: Reflective Writing
Indicative Time on Task 2: 12 hours
Due: Please see iLearn
Weighting: 30%

Students are required to reflect on their personal understanding of the accounting profession and submit a total of six (500-700 word each) personal reflections on the unit’s provided stimulus. The purpose of this assessment is to provide students with an opportunity to explore their experiences of learnings, events, thoughts and feelings and allow them to make sense of and form an opinion from this inquiry.


On successful completion you will be able to:
  • Analyse the environments in which an accountant works.

Group Report and Presentation

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 38 hours
Due: Please see iLearn
Weighting: 40%

Students will be required to research and identify a pressing issue/question/challenge relevant to the accounting profession, analyse and synthesise factors relevant to their identified matter and formulate a recommended response to this matter. Students will be required to present their analysis and recommendations via a 3000-3500-word group report (20%) and a 10-minute professional presentation to an industry panel and their peers (20%).


On successful completion you will be able to:
  • Analyse the environments in which an accountant works.
  • Integrate the interests of different stakeholders in an organisation or/and professional environment, including customers, competitors, collaborators, and other external forces.
  • Develop personal, professional skills and group work capabilities through the identification and application of tools and strategies that take into account the opportunities and constraints of the professional environment.
  • Critique the accounting profession’s contribution to society through discussion of ethical and professional conduct.

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

This unit is structured as a participation subject as part of the PACE program and as Capstone unit. It integrates the materials that are covered in first and second year accounting and business law units, applying this material to an environment where accounting graduates become a professional in an environment that is contemporary, global and technologically driven. 

The objectives of the unit are to consolidate and investigate the factors and contextual issues that influence the competitive business environment for an accountant.  It addresses the role of an accounting professional in the application of governance structures, accountability regimes, professional development, skill enhancements, and a continuous awareness of self-positioning and self-renewal in terms of professional and personal competency. The unit is not only reflective and integrative, but also future-focused, offering opportunities for ‘real world’ preparatory experience in the accounting profession. The class is conducted through workshops and discussions where students learn to develop personal and professional skills in sustaining a professional profile in business and the profession. 

The unit provides opportunities for students to engage with the community through panels from professional accounting bodies, community groups, NGO’s, MQ alumni, public sector and commercial organisations, and others. The unit requires students to interact with the industry partners in order to complete a major research project under the supervision of a faculty member. The project includes topics that are valued by industry partners and are mutually beneficial to both Macquarie University students and industry partners. While the project attempts to bridge the gap between students and the accounting profession, it also provides an opportunity for students to clarify and refine their understanding of the accounting profession through discussion with industry partners and peers. Group work engages students in the challenges of interpersonal communication, task allocation, coordination and control. Cohesive and systematic presentations from a range of industry partners also provide students an opportunity to think critically about the accounting profession. Through these presentations students will gain an insight into organisations and be able to contextualise their graduate capabilities into the main project. By reflecting on industry partners’ presentations students will be able to identify what they have learned about the accounting profession and how they have learned. This will result in a greater sense of ownership which, in return, will help students to develop valuable career and leadership skills, improve their job prospects and make a difference to business and the community for which they work. Further, students are exposed to case studies which present realistic, complex, and contextually rich situations and involve dilemmas, conflicts, and/or problems accountants face in the profession, which will allow students to understand emergent issues for the accounting professionals.

The unit comprises 13 x 3 hour seminars that include lectures, presentations by industry partners, students’ presentations, discussions and a feedback session. The components of the unit are structured as follows:

Introduction/Orientation: One 3 hour seminar to provide students with strong orientation to the University expectations and academic requirements for this PACE unit and addresses pragmatic concerns (group formation, communication and other logistical requirements). The objective of this session is to make students rate themselves on a variety of key employability skills and also find evidence to support their ratings. (Skills include: Creativity and Innovation, Relationship Building, Problem Solving, Technology, Communication, Teamwork, Planning & Organising, Research).  In order to give this skills audit context within the framework of the course structure, each industry partner will discuss 3 to 5 skills they feel are essential for the accountants to possess. 

The experience: Students are required to complete a session long “Accounting Profession” project. The project expects that students identify information needs, acquire the necessary information by consulting the information provided by industry participants, interpret the information and use it as the basis for recommendations. In order to complete this project students are required to attend five 3 hour seminars presented by industry partners including: professional accounting bodies; Big4 accounting firms; Commercial, financial and manufacturing firms; NFP; public sector and SMEs. The presentations from industry partners will help students become familiar (from multiple perspectives and viewpoints) with regulatory, cultural, technological and business environment issues that affect accounting and the accounting profession.

Assessment tasks: Knowledge and understanding are assessed by a mixture of assignments and presentations. The assessments include weekly individual reflective journals, essay and a group project report with an oral presentation. Oral presentations will take place in four 4 hour seminars judged by a panel comprising industry partners and academics.

Final Wrap-up/Debrief: One 3 hour seminar to review conclusions from the projects and evaluate findings. Industry partners will provide feedback on the students’ findings. This seminar will also provide an opportunity for students to network with industry partners and discuss around a specific and current accounting themes, which will further their understanding of the actual work context of their studies and enhance their skills. This seminar will also give an opportunity to network with students who can help tackle challenging projects. Through this seminar industry partners will also gain recognition for involvement in education, collaborate with academics, develop new networks with other organisations and gain access to potential future graduates.

EXPECTATIONS AND WORKLOAD

Students are expected to spend 150 hours working on this unit. 

There is no prescribed text for this unit. Students will be provided the following supplementary reading (Web links of these readings will be uploaded on the unit web):

·         A Changing Profession? - Association of Chartered Certified Accountants

·         Developments in the global accountancy sector - Chartered Institute of Management Accountants

·         The diverse roles of professional accountants in business - International Federation of Accountants

 

REFERENCE TEXTS/MATERIALS

Other journals and publications of interest include the following:

Accounting, Auditing and Accountability Journal

Accounting, Organisation and Society

Journal of Management Accounting Research

Management Accounting Research

Higher Education Research and Development

Journal of Accounting Education

Accounting Education: An International Journal

Journal of Business Research

Harvard Business Review

Accounting Horizons

Journal of Change Management

Journal of Organisational Change

Academy of Management Journal

Managerial Auditing Journal

Other publications

Australian Financial Review

The Australian

Business Review Weekly

Financial Management Magazine (Published by CIMA UK)

INTHEBLACK (Published by CPA Australia)

Charter Magazine (Published by ICAA Australia)

TECHNOLOGY USED AND REQUIRED

The principal technology used in this unit comprises web based access to resource materials (see above) and the learning management system called ‘iLearn’. 

Regular access to iLearn is strongly encouraged so that you have access to:

o   Resources developed for each class

o   Additional recommended reading and research resources

o   Additional information regarding assessment items that may be required

o   Any new information that may arise in relation to contingencies – including in relation to any changes in dates, timetables or class details

o   iLearn communication and discussion tools as an effective means to enhance learning for all students and staff.

UNIT WEB PAGE

The unit’s logon iLearn address is: http://ilearn.mq.edu.au

To log on, students must first obtain a log on password from IT services or the library then click through to ACCG315. Students are required to check this site each week for lectures/industry partners slides (available for downloading and printing).  In addition, other notes will be posted on the site from time to time.  It is incumbent upon each student to regularly check iLearn (i.e. at least once a week).

PREPARATION FOR SEMINARS

It is essential that you prepare for each seminar by reading all materials and references carefully.  This will include working through the relevant presentation notes of the industry partner carefully, noting any issues which you might like to discuss in-class and, of course, contributing to in-class discussions and overall ‘group learning’.

You may download additional relevant class materials required each week from iLearn – login at https://ilearn.mq.edu.au/login/MQ/.   Additional class materials will be placed on iLearn prior to class time.  It is your responsibility to ensure that you access and have copies of relevant material prior to classes. You should allow time for thorough reading of all materials before each class.

Unit Schedule

Week

Seminar topics

Industry participants/Time

Week  1

27/07/2021

 

6pm-9pm (Tuesday)

 

Unit Overview and Assessments by Professor Rahat Munir

  • Defining the Group Project scope and research questions.

 

 

 

 

 

Session 1:

Personal Branding and Networking with Impact

 

Group Agreement & Formation/Self and Peer Assessment Forms available on iLearn.

The Group Agreement & Formation will be collected back from students in week 2/3 (via email) as advised by the UC.

 

 

 

CAANZ - Anthony Matis, GM

Week  2

03/08/2021

 

6pm-9pm (Tuesday)

Session 2:

Employability Insights hosted exclusively by Chartered Accountants ANZ

 

 

 

CAANZ - Anthony Matis, GM

 

 

 

 

Week  3

10/08/2021

 

6pm-9pm (Tuesday)

Session 3:

Professional Accounting Bodies

 

Chartered Accountants ANZ  Presentation

 

Corporate accounting and business advisory services

 

 

 

 

CAANZ - Anthony Matis & Ellie Orme

 

 

RSM - Anthony Smith, Managing Partner

 

 

 

 

 

Week  4

17/08/2021

 

6pm-9pm (Tuesday)

Session 4:

Accounting, Audit and Taxation

 

 

 

 

Session 5:

Forensic accounting and other services organisations

 

 

 

 

Ernst & Young – Gamini Martinus, Partner

Deloitte – Graeme Smith, Partner

 

 

 

William Buck - Sean Wengel, Director

 

 

 

 

Week  5

24/08/2021

 

6pm-9pm (Tuesday)

Session 6:

Accountants and the NFP sector

 

 

Professional Accounting Bodies

 

Making LinkedIn work for you and your career

 

The Whiddon Group – Chris Mamarelis, CEO

 

CPA Australia – Michelle Caruso, GM

 

James Evangelidis

Week 6

31/08/2021

6pm-9pm (Tuesday)

Session 7:

Why Blockchain matters for Accountants?

 

 

Accountants in the SMEs

 

 

Employability – CPA Australia Perspective

 

James Evangelidis

 

 

 

Business Depot – James Solomons, Director

 

Michelle Caruso - GM/Karen Hellwing - EGM

Week 7

07/09/2021

6pm-9pm

 (Tuesday)

Session 8:

Data Analytics & Accounting

 

 

Other Accounting Services

 

 

Presenting to business audiences so you stand out (both online and in person)

 

Deloitte – Slav Tabachnik, Partner

 

 

KPMG - Robyn Duggan, Partner

 

 

James Evangelidis

Week 8

28/09/2021

 (Tuesday)

No class – Prepare presentations starting from week 9

 

Week 9

05/10/2021

5pm-9pm (Tuesday)

 

Project Presentation Session 1

 

Judging Panel

Week 10

12/10/2021

5pm-9pm (Tuesday)

 

Project Presentation Session 2

 

Judging Panel

 

 

Week 11

19/10/2021

5pm-9pm (Tuesday)

 

Project Presentation Session 3

 

Judging Panel

 

 

Week 12

26/10/2021

5pm-9pm (Tuesday)

 

 

Project Presentation Session 4

Judging Panel

Week 13

02/11/2021 (Tuesday)

 

Conclusion and reflection

 

 

 

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.