Students

ACCG8150 – Contemporary Accounting Practice

2022 – Session 1, In person/Online-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Convenor
Andreas Hellmann
accg8150@mq.edu.au
Building 4ER, Room 310
For consultation hours please see iLearn
Lecturer
Johannes Dumay
accg8150@mq.edu.au
For consultation hours please see iLearn
Moderator
Dale Tweedie
dale.tweedie@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
40cp in ACCG or ACST or AFIN or BUS or ECON or MGMT or MKTG units at 8000 level
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit aims to consolidate learning across postgraduate studies in accounting, preparing students for employment in complex business environments. Leadership and entrepreneurship are discussed as well as the importance of risk management in business decision making. Using real life case studies, reviews of industry reports and research as well as presentations by industry leaders and student alumni, this unit develops the knowledge and skills necessary to work as a professional accountant. This unit requires students to think critically, ethically and strategically in solving business problems whilst integrating technical knowledge and professional skills.

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: Integrate and synthesise knowledge and skills relating to the core disciplines of professional accounting (and critically analyse the application and impact of these concepts, theories and methods to contemporary accounting challenges).
  • ULO2: Identify and reflect on knowledge and skills obtained by completing a postgraduate accounting qualification and evaluate how these have helped prepare for a transition to employment as an accountant.
  • ULO3: Critically evaluate the relationship between accounting and technology, including how accounting and business strategies determine information systems decisions.
  • ULO4: Apply professionally critical judgement and problem-solving capabilities to recommend justified solutions.
  • ULO5: Form and articulate an opinion on emerging social, environmental, ethical, regulatory, political and technological aspects relevant to an accounting practitioner.
  • ULO6: Explain the components of an organisation’s governance framework, internal control procedures, and risk management framework.

General Assessment Information

Late submissions of assessments

Unless a Special Consideration request has been submitted and approved, no extensions will be granted. There will be a deduction of 10% of the total available assessment-task marks made from the total awarded mark for each 24-hour period or part thereof that the submission is late. Late submissions will only be accepted up to 96 hours after the due date and time.

No late submissions will be accepted for timed assessments – e.g., quizzes, online tests.

 

Special Consideration

To request an extension on the due date/time for a timed or non-timed assessment task, you must submit a Special Consideration application. An application for Special Consideration does not guarantee approval.

The approved extension date for a student becomes the new due date for that student. The late submission penalties above then apply as of the new due date.

Assessment Tasks

Name Weighting Hurdle Due
Career Planning 35% No 25/03/2022
Sustainability Report 30% No 29/04/2022
Risk Management and Information Systems 35% No 03/06/2022

Career Planning

Assessment Type 1: Plan
Indicative Time on Task 2: 20 hours
Due: 25/03/2022
Weighting: 35%

 

Students are required to write a critical reflection describing their plan(s) for their future career, articulating how their future plans follow the employment trends in the changing world, identifying and recognising knowledge and skills gained and evaluating how these knowledge and skills will assist them to achieve their career goals.

 
On successful completion you will be able to:
  • Integrate and synthesise knowledge and skills relating to the core disciplines of professional accounting (and critically analyse the application and impact of these concepts, theories and methods to contemporary accounting challenges).
  • Identify and reflect on knowledge and skills obtained by completing a postgraduate accounting qualification and evaluate how these have helped prepare for a transition to employment as an accountant.
  • Critically evaluate the relationship between accounting and technology, including how accounting and business strategies determine information systems decisions.
  • Form and articulate an opinion on emerging social, environmental, ethical, regulatory, political and technological aspects relevant to an accounting practitioner.

Sustainability Report

Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: 29/04/2022
Weighting: 30%

Students are required to analyse the sustainability report of a listed company that adopted the Global Reporting Initiative standards. Drawing on publications in leading academic and professional journals, students are required to identify adopted impression management strategies and develop specific recommendations on how to improve corporate communication.
On successful completion you will be able to:
  • Integrate and synthesise knowledge and skills relating to the core disciplines of professional accounting (and critically analyse the application and impact of these concepts, theories and methods to contemporary accounting challenges).
  • Apply professionally critical judgement and problem-solving capabilities to recommend justified solutions.
  • Form and articulate an opinion on emerging social, environmental, ethical, regulatory, political and technological aspects relevant to an accounting practitioner.

Risk Management and Information Systems

Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: 03/06/2022
Weighting: 35%

Students are required to research issues related to the recent Wirecard AG collapse in the context of risk management. Students are required to identify and analyse the main features of the fraud and suggest risk management strategies to avoid such frauds in the future. It is essential that students refer to the latest available technology to support their analysis and recommendations.
On successful completion you will be able to:
  • Integrate and synthesise knowledge and skills relating to the core disciplines of professional accounting (and critically analyse the application and impact of these concepts, theories and methods to contemporary accounting challenges).
  • Identify and reflect on knowledge and skills obtained by completing a postgraduate accounting qualification and evaluate how these have helped prepare for a transition to employment as an accountant.
  • Critically evaluate the relationship between accounting and technology, including how accounting and business strategies determine information systems decisions.
  • Apply professionally critical judgement and problem-solving capabilities to recommend justified solutions.
  • Form and articulate an opinion on emerging social, environmental, ethical, regulatory, political and technological aspects relevant to an accounting practitioner.
  • Explain the components of an organisation’s governance framework, internal control procedures, and risk management framework.

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

  • The timetable for classes can be found on the University website at: http://www.timetables.mq.edu.au
  • Attendance at seminars is strongly encouraged. Records of attendance are taken at some classes.
  • Students are required to get involved in seminar discussions and debate.

Students workload

  • 150 hours

Required and Recommended Texts and/or Materials

  • There is no required textbook for ACCG8150. Required reading and learning materials will be specified on iLearn.
  • You must read the relevant materials before coming to class and completing the assessment tasks.
  • You are required to undertake your own further research. Direction will be provided by the unit convenor on additional research materials.

Unit Website

  • You are required to access a computer and the internet at various times in completing this unit, to download course materials on the learning management system (iLearn) and to complete assessment tasks.

Unit Schedule

Week  

Seminar 

1 

Future of the accounting profession and reflective practice 

2 

International accounting in a globalized world 

3 

Factors influencing professional judgments 

4 

Current issues in sustainability reporting 

5 

Sustainability reporting in the context of impression management 

6 

Accounting scandals, fraud, ethics and the accounting profession 

7 

Behavioural auditing and computer-assisted audit tools 

8 

Governance and risk management framework 

9 

Information systems decisions and processes 

10 

Information systems planning and development: Cyber security 

11 

Current and future trends in information system: Big data and blockchain 

12 

Leveraging Artificial Intelligence in accounting 

13 

Understanding the importance and limitations of emerging issues in contemporary accounting practice 

Policies and Procedures

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.

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

Academic Integrity

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.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

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. 

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via AskMQ, or contact Service Connect.

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

  • Learning objectives
  • Seminar topics, content and materials 
  • Assessment topics 

Unit information based on version 2022.04 of the Handbook