Students

ACCG1000 – Accounting for Decision Making

2024 – Session 1, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Carmel Emanuel
carmel.emanuel@mq.edu.au
Contact via 9850 8525
4ER Room 349
Unit Moderator
Rebecca Bachmann
rebecca.bachmann@mq.edu.au
Contact via 9850 6833
4ER Room 343
Credit points Credit points
10
Prerequisites Prerequisites
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description
This unit focuses on the role of accounting and the accounting profession on decision-making within both a business environment and society.
By exploring and discovering diverse accountability frameworks, students will learn to appreciate the role accounting plays. The unit aims to introduce basic accounting 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.
Students will develop skills in using accounting software currently used by businesses for reporting purposes. Students will also be given the opportunity to develop skills in resolving conflict and ethical dilemmas.

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: Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management so as to develop skills in resolving conflict and ethical dilemma.
  • ULO2: Describe the business environment of the accounting profession.
  • ULO3: Develop competences in key technical aspects in accounting practice and be able to process and interpret basic accounting information.
  • ULO4: Evaluate the traditional aspects of accounting for business decision-making.

General Assessment Information

Active Engagement during weekly workshops (expectations, logistics and special consideration)

Weekly workshop participation is expected throughout the session. Students are expected to attend all workshops and participate in activities. Student performance in these activities will be assessed during weekly workshops from weeks 3 to 12.  Although weekly participation is only marked from week 3 to 12, participation in all workshops will enhance your chances of successfully completing this unit.  Workshops are where we engage with the unit material via active learning, as well as preparation and revision for other unit assessments. There is a positive correlation between workshop participation and unit success.

In cases of misadventure, students should submit a Special Consideration application for missing a workshop. If you have a serious commitment that will arise during the session that could result in you missing one workshop as a one-off event, please contact the Unit Convenors to find an alternative arrangement - you can do this without submitting a Special Consideration case.

Late Submission of Assessments Penalty

Unless an application for Special Consideration has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern. 

For any late submissions of time-sensitive tasks, such as scheduled tests, exams, performance assessments, and/or scheduled assessments students need to submit an application for Special Consideration.

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. Students can apply for special consideration via AskMQ.

Assessment Tasks

Name Weighting Hurdle Due
Workshop Participation 30% No Throughout the session from Weeks 3 to 12
Ethics Research Essay 10% No Week 6 Thursday 28th March 2024 at 11.55pm
Accounting Software Assessment 20% No Week 11 Friday 17th May at 11.55pm
Final Examination 40% No During University Examination Period

Workshop Participation

Assessment Type 1: Participatory task
Indicative Time on Task 2: 25 hours
Due: Throughout the session from Weeks 3 to 12
Weighting: 30%

Weekly workshop participation is expected throughout the session. Students are expected to attend all workshops. There are 12 weekly workshops. Each week students will be required to actively contribute to class discussion and complete various in-class activities which are submitted for marking at the completion of the workshop. In cases of misadventure, students should submit a Special Consideration application for missing a workshop.


On successful completion you will be able to:
  • Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management so as to develop skills in resolving conflict and ethical dilemma.
  • Describe the business environment of the accounting profession.
  • Develop competences in key technical aspects in accounting practice and be able to process and interpret basic accounting information.
  • Evaluate the traditional aspects of accounting for business decision-making.

Ethics Research Essay

Assessment Type 1: Essay
Indicative Time on Task 2: 20 hours
Due: Week 6 Thursday 28th March 2024 at 11.55pm
Weighting: 10%

 

The research essay requires students to undertake research, understand and reflect on ethical behaviour in business.

 
On successful completion you will be able to:
  • Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management so as to develop skills in resolving conflict and ethical dilemma.

Accounting Software Assessment

Assessment Type 1: Problem set
Indicative Time on Task 2: 20 hours
Due: Week 11 Friday 17th May at 11.55pm
Weighting: 20%

During the session, students are required to undertake an accounting task using an online accounting software program. This assignment enables students to learn how a computer-based accounting software package can be used to prepare a set of financial statements.
On successful completion you will be able to:
  • Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management so as to develop skills in resolving conflict and ethical dilemma.
  • Develop competences in key technical aspects in accounting practice and be able to process and interpret basic accounting information.

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: During University Examination Period
Weighting: 40%

The final examination will be two-hours plus ten-minutes reading time held during the University Examination period.
On successful completion you will be able to:
  • Examine the role of Accounting in a contemporary social context with a focus on business ethics and responsible management so as to develop skills in resolving conflict and ethical dilemma.
  • Describe the business environment of the accounting profession.
  • Develop competences in key technical aspects in accounting practice and be able to process and interpret basic accounting information.
  • Evaluate the traditional aspects of accounting for business decision-making.

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

Please refer to ilearn for details.

Unit Schedule

Study Schedule and Weekly Readings

Lecture Week

Lecture Topics

Weekly readings*

1

Introduction to the Unit

Accounting, Accountability and Society

Forms of Business Organisations

Careers in Accounting

 

Chapter 1 pp. 1-10 and 12-15 only.

2

Business Ethics:

What is it and why is it important?

Role of Ethics in Accounting

Code of Ethics for Professional Accountants

 

Reading materials provided on ilearn via Leganto

3

Financial Accounting for Business:

Transaction Analysis

Elements of Financial Statements

Accounting Concepts and Principles

Chapter 2 pp. 77-89 and Chapter 1 pp.  35-38

4

Financial Accounting for Business:

Preparing General Journal Entries

Chapter 2 pp. 90-94

5

Financial Accounting for Business:

The General Ledger 

Posting General Journal Entries

Preparing a Trial Balance

Chapter 2 pp. 94-113

6

Financial Accounting for Business:

Preparing Adjusting Journal Entries

Chapter 3 pp. 133-156

7

Financial Accounting for Business:

The Closing Process

Preparing Closing Journal Entries

Chapter 3 pp. 157-161

8

Financial Accounting for Business:

Preparing Financial Statements

Chapter 1 pp. 16-28

Mid-Session Break: Monday 15th April to Friday  26th April 2024

9

Financial Accounting for Business:

Interpreting Financial Statements

Chapter 1 pp. 39-46 and 48-54

10

Introduction to Management Accounting

Chapter 14 pp. 738-744

 

11

Management Accounting:

Cost-Volume-Profit Analysis

Chapter 16 pp. 839-842 and 848-857

12

Sustainability Reporting:

What it is and why it is important?

Role of accountants

Disclosure and reporting requirements

 

Reading materials provided on ilearn via Leganto

13

Revision Week

 

   

   * Weekly readings refer to chapters in the prescribed textbook unless otherwise indicated.

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 connect.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 the Service Connect Portal, 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

Macquarie Business School Bachelor degrees have undergone an extensive internal and external review during 2022 and 2023. For 2024, we have refreshed this unit in line with the recommendations of the review panels which included senior academics from other universities, Macquarie University alumni, and industry experts.

 

Unit information based on version 2024.04 of the Handbook