Students

ACCG1000 – Accounting for Decision Making

2026 – Session 2, Online-scheduled-In person assessment, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor & Lecturer
Carmel Emanuel
carmel.emanuel@mq.edu.au
Contact via email
Level 3, 4 Eastern Road Room 340
Unit Moderator
Rajni Mala
rajni.mala@mq.edu.au
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 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 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

Late Submission of Assessment Penalties

If you submit your assessment late, 5% of the total possible mark will be deducted for each day (including weekends), up to 7 days. Submissions more than 7 days late will receive a mark of 0.

Example 1 (out of 100):

If you score 85/100 but submit 20 hours late, you will lose 5 marks and receive 80/100.

Example 2 (out of 30):

If you score 27/30 but submit 20 hours late, you will lose 1.5 marks and receive 25.5/30.

Extensions

Automatic short extension: Some assessments are eligible for automatic short extension. You can only apply for an automatic short extension before the due date.

Special Consideration: If you need more time due to serious issues and for any assessments that are not eligible for Short Extension, you must apply for Special Consideration. Need help? Review the Special Consideration page for further details.

Assessment Tasks

Name Weighting Hurdle Due Groupwork/Individual Short Extension AI Approach
Skills development: Accounting, ethics and sustainability 30% No 06/09/2026 Individual Yes Open
Professional practice: Accounting with Xero 30% No 23/10/2026 Individual Yes Open
Formal examination 40% No During University Examination Period Individual No Observed

Skills development: Accounting, ethics and sustainability

Assessment Type 1: Reflection task
Indicative Time on Task 2: 25 hours
Due: 06/09/2026
Weighting: 30%
Groupwork/Individual: Individual
Short extension 3: Yes
AI Approach: Open

The purpose of this assessment is for you to explore the critical role of accounting to the success of a business.
 
You will discover the key elements of the accounting cycle - identifying and recording transactions, preparing financial statements - and analyse the growing importance of ethics and sustainability to contemporary businesses.
 

Skills in focus:

  • Communication skills
  • Discipline knowledge
  • Critical thinking and problem solving
  • Global, ethical and environmental citizenship

Deliverable(s): Written submissions [1200 words]

Individual assessment
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.
  • Evaluate the traditional aspects of accounting for business decision-making.

Professional practice: Accounting with Xero

Assessment Type 1: Problem-based task
Indicative Time on Task 2: 25 hours
Due: 23/10/2026
Weighting: 30%
Groupwork/Individual: Individual
Short extension 3: Yes
AI Approach: Open

The purpose of this assessment is for you to develop expertise in using professional accounting software to generate financial reports.
 
You will record and report financial information for a small business during its first month of operations with the accounting software Xero which is widely used in the industry.
 
Skills in focus:
  • Discipline knowledge
  • Critical thinking and problem solving
  • Digital skills
Deliverable(s): Financial and business reports [500 words]
 
Individual assessment
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.

Formal examination

Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: During University Examination Period
Weighting: 40%
Groupwork/Individual: Individual
Short extension 3: No
AI Approach: Observed

The purpose of this assessment is for you to formally demonstrate the expertise you have gained in this unit.
 
You will participate in a 2-hour exam held during the University examination period.
 
Important information about the exam will be made available on the unit iLearn page. You should also review the MQ Exams website for general tips.
 
Deliverable(s): Formal examination
 
Individual assessment
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
  • Academic Success 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.

3 An automatic short extension is available for some assessments. Apply through the Service Connect Portal.

Delivery and Resources

UNIT DELIVERY

Classes for ACCG1000 in session 2, 2026 consist of a weekly 1½ hour in-person and live-streamed lecture and a weekly 1½ hour tutorial. Depending on your enrolment in the unit, your weekly tutorial will be either a face-to-face on-campus class or an online Zoom class.   Students are required to attend the weekly lecture and tutorial (lectures commence in Week 1, tutorials commence from Week 2).  More information about how the unit will be delivered can be found on iLearn.

PRESCRIBED TEXTBOOK

Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Bayne. L., Kirk, N. and Wong, L.(2026) 'Accounting: Reporting, Analysis and Decision Making (8th edition)', Wiley, QLD, Australia.

  • Access to the textbook is essential for lecture references and for tutorial questions. All chapter references in the unit schedule refer to the prescribed textbook unless otherwise indicated.
  • There are various options available to access/purchase the textbook. Please refer to iLearn for more information on these options.

TECHNOLOGY USED AND REQUIRED

  • You must be familiar with the learning management system, iLearn as all unit materials will be made available on it. It is essential that you regularly visit the unit’s iLearn page. It is here that you will have access to the Unit Guide, announcements, supplementary reading materials, lecture and tutorial materials, and staff consultation hours.
  • Leganto where access to the e-textbook and other recommended readings are available can be found on the ACCG1000 iLearn website;
  • You will be required to use the Xero accounting software to complete the Accounting with Xero assessment task.

Unit Schedule

 

Study Schedule and Weekly Readings

Lecture Week

  Lecture Topics

  Weekly readings*

1

Introduction to ACCG1000

Accounting, Accountability and Society

Forms of Business Organisations

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

Qualitative Characteristics of Accounting Information

Chapter 2 pp. 85-97 and

Chapter 1 pp. 44-48

4

Financial Accounting for Business:

Preparing General Journal Entries

Chapter 2 pp. 98-102

5

Financial Accounting for Business:

The General Ledger

Posting General Journal Entries

Preparing a Trial Balance

Chapter 2 pp. 102-120

6

Financial Accounting for Business:

Preparing Adjusting Journal Entries

Chapter 3 pp. 141-144 and 148-164

7

 Financial Accounting for Business:

 The Closing Process

 Preparing Closing Journal Entries

Chapter 3 pp. 165-168

8

 Financial Accounting for Business:

 Preparing Financial Statements

Chapter 1 pp. 20-30

Mid-Session Break: Monday 21st September to Friday 2nd October 2026

9

 Financial Accounting for Business: 

 Analysing Financial Statements

Chapter 1 pp. 48-54 and 56-58

10

Management Accounting:

Introduction to Management Accounting

Chapter 14 pp. 730-736

 

11

Management Accounting:

Cost-Volume-Profit Relationships

Chapter 16 pp. 839-842 and 848-857

12

Sustainability Reporting:

What it is and why is it important?

Role of Accountants

Disclosure and Reporting Requirements

Chapter 1 pp. 38-44

Additional reading materials provided on iLearn via Leganto

13

Revision Week

 

 

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/

Academic Success

Academic Success 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 https://students.mq.edu.au/support/technology/service-desk. 

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.

Unit information based on version 2026.03 of the Handbook