Unit convenor and teaching staff |
Unit convenor and teaching staff
Colly He
Cissy Zhan
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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. |
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:
Please see the details below.
Late submission policy
Late assessment submissions must be submitted through the appropriate submission link on iLearn. No extensions will be granted unless an application for Special Consideration is made and approved. There will be a deduction of 5% of the total possible mark for each day that the submission is late up until the 7th day including weekends. After the 7th day, a grade of '0' will be awarded even if the assessment is submitted. Late submissions will not be accepted after solutions have been discussed and/or made available.
Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time of an assessment.
Name | Weighting | Hurdle | Due |
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Case Study | 10% | No | Friday 23 December 2022 |
Xero Assignment | 15% | No | starts from 23 December 2022, due Monday 9 January 2023 |
Online Quiz 2 | 15% | No | Tuesday 03 January 2023 |
In Tutorial Quizzes | 10% | No | Randomly from 3 - 13 January 2023 in tutorials |
Final Examination | 50% | No | University Examination Period |
Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: Friday 23 December 2022
Weighting: 10%
The case study is a 1000-word research essay that encourages students to explore ethical issues in business, using materials outside the assigned text.
Assessment Type 1: Participatory task
Indicative Time on Task 2: 20 hours
Due: starts from 23 December 2022, due Monday 9 January 2023
Weighting: 15%
During the session, students are required to undertake an accounting task using online accounting software, Xero. The Xero assignment is progressive in nature, and students are required to complete the stipulated tasks of this assignment on a weekly basis.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Tuesday 03 January 2023
Weighting: 15%
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.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Randomly from 3 - 13 January 2023 in tutorials
Weighting: 10%
During the session, there will be 3 quizzes held during your tutorials in Weeks 7 to 12. Marks for the best 2 out of 3 quizzes will count towards the overall mark for this assessment. The quizzes will be held randomly for each tutorial group, and the students will not be advised which week they will have the quiz. More details regarding the content of the quizzes will be provided on iLearn.
Assessment Type 1: Examination
Indicative Time on Task 2: 30 hours
Due: University Examination Period
Weighting: 50%
A two-hour online examination (open book) will be held during the University Examination period.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Prescribed textbook and recommended materials
Carlon, S., McAlpine-Mladenovic, Lee, C., Mitrione, L., Kirk, N. and Wong, L. (2022) 'Accounting: Reporting, Analysis and Decision Making', (7th edition) Wiley, QLD, Australia.
Technology used and required
Unit iLearn WebPage
Learning and Teaching Activities
Lectures
A recording of the live lecture will be uploaded on iLearn after the class. Each lecture will provide an explanation of the learning concepts as well as practical explanations and examples to supplement the concept materials. 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 live or recorded lecture. Lecture slides, in pdf format, will be available on the ACCG1000 iLearn web page.
Tutorials
The tutorial classes will be for a duration of 1 hour and commence in Week 2. The tutorials will involve the tutors and the students working through pre-set tutorial questions as well as in-class tutorial activities. The weekly tutorials are based upon the previous week's lecture topic. Attendance will be taken at tutorials and student participation is strongly encouraged. Students must register for a tutorial and attend the same tutorial each week. 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 listen to the weekly 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 ACCG1000 iLearn web page at the end of each week.
Unit Schedule
Please note that an intensive teaching mode is adopted in Session 3. Instead of having only one lecture each week throughout 13 weeks in a normal session, we will have THREE lectures each week over five weeks in Session 3. For instance, lectures in weeks 1, 2, and 3 in a normal session will be delivered on the 6th, 7th, and 9th of December 2022 in Session 3.
Lecture Week |
Lecture Topics |
Weekly Readings* |
1 (13 Dec 22) |
Accounting, accountability and society Accounting for organisations Careers in accounting
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Chapter 1 pp. 1-15 |
2 (14 Dec 22) |
Ethics: What is it and why it is important? Role of ethics in accounting Code of ethics for professional accountants
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Reading materials provided on ilearn via Leganto |
3 (16 Dec 22) |
Financial Accounting for Business: Double-Entry Accounting
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Chapter 2 pp. 77-89 and Chapter 1 pp. 35-38 |
4 (20 Dec 22) |
Financial Accounting for Business: Preparing General Journals
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Chapter 2 pp. 90-94 |
5 (21 Dec 22) |
Financial Accounting for Business: Posting and Trial Balance
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Chapter 2 pp. 94-113 |
6 (23 Dec 22) |
Financial Accounting for Business: Adjusting Entries
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Chapter 3 pp.133-156 & 161-165
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7 (3 Jan 23) |
Financial Accounting for Business: Closing Entries
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Chapter 3 pp.156-161 |
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Mid-Session Recess: 19 December to 30 December 2022
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8 (4 Jan 23) |
Financial Accounting for Business: Preparing and Interpreting Financial Statements 1
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Chapter 1 pp. 16-31 |
9 (6 Jan 23) |
Financial Accounting for Business: Preparing and Interpreting Financial Statements 2
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Chapter 1 pp.39-46 & 48-54 |
10 (10 Jan 23) |
Management Accounting: Introduction
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Chapter 14 pp. 738-744 |
11 (11 Jan 23) |
Management Accounting: Cost Volume Profit Analysis
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Chapter 16 pp.839-842 & pp. 848-857 |
12 (13 Jan 23) |
Sustainability: What it is and why it is important? Role of accountants Disclosure and reporting requirements
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Reading materials provided on ilearn via Leganto |
13 (17 Jan 23) |
Revision
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* Weekly readings refer to chapters in the prescribed textbook unless otherwise indicated.
Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.
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 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
At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.
The Library provides online and face to face support to help you find and use relevant information resources.
Macquarie University offers a range of Student Support Services including:
Got a question? Ask us via AskMQ, or contact Service Connect.
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Unit information based on version 2022.05 of the Handbook