Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convener
Peipei Pan
Contact via Email
Room 328, Level 3, 4ER Building, 4 Eastern Road
TBA
Moderator
Jessica Chen
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
Admission to MAccg or MAccLead or MBioBus or MCom or MIntBus or GradCertForAccg or GradDipForAccg or MForAccgFinCri or MProfAcc or MProfAccgLead or MBusAnalytics
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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 provides students with a graduate-level understanding of accounting as a business process of recording, measuring, classifying and reporting economic, financial and other related information and transactions for use by a variety of stakeholders. Students completing this unit are expected to be able to prepare, analyse and discuss financial reports in various business contexts. Classes cover the core aspects of the preparation and basic analysis of financial statements and the underlying accounting policies and principles. |
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:
Online Quiz/Test
Virtual experience program
Xero assignment
Final Exam
Name | Weighting | Hurdle | Due |
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Class Tests x2 | 30% | No | Week 4, Week 10 |
Virtual experience program | 5% | No | Week 6 |
Xero assignment | 15% | No | Week 8 |
Final examination | 50% | No | Exam period |
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 7 hours
Due: Week 4, Week 10
Weighting: 30%
Students are required to attempt one (1) multiple-choice quiz (worth 10%) and one (1) class test comprising of short answer questions (worth 20%). The quiz will be held at the beginning of the session and serve as an early diagnostic indicator of student performance. The class test will be held closer to the end of the session and serves to help students measure and monitor their progress, in preparation for the final exam.
Assessment Type 1: Participatory task
Indicative Time on Task 2: 5 hours
Due: Week 6
Weighting: 5%
The virtual experience program is designed to develop students' work-readiness skills that enable students to transition effectively into the world of work. Students are required to write FIVE (5) journal entries at different stages of the virtual experience program to reflect on their experience in the program.
Assessment Type 1: Practice-based task
Indicative Time on Task 2: 24 hours
Due: Week 8
Weighting: 15%
This assignment is designed to prepare students with the accounting software skills they need to work in a modern day practice. Through the completion of an accounting cycle for a fictional business, students will gain experience in the practical and technical skills essential to accounting.
Assessment Type 1: Examination
Indicative Time on Task 2: 15 hours
Due: Exam period
Weighting: 50%
A 2-hour online final examination will be held during the University Examination period. Students are expected to access the exam online at the time designated in the University Examination Timetable.
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
Required Text:
Classes:
Week |
Topic |
Assessment Due |
1 |
An overview of accounting, the role of ethics and sustainability in accounting, and conceptual framework
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2 |
The recording process |
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3 |
Accrual accounting concepts |
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4 |
Closing entries and preparing financial statements |
Online Quiz |
5 |
Account receivables |
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6 |
Internal control and reconciliations |
Reflection on the virtual experience program |
7 | Inventories (AASB102) | |
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Mid-Session Break (11 April-24 April) |
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8 |
Non-current assets |
Xero Assignment |
9 |
Liabilities and equity |
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10 |
Financial ratio analysis and working capital management |
Online Test |
11 |
Statement of cash flows |
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12 |
CVP analysis |
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13 |
Review Week |
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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.
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.
Date | Description |
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10/02/2022 | The prescribed textbook link has been updated. |
Unit information based on version 2022.03 of the Handbook