Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Rajni Mala
Contact via rajni.mala@mq.edu.au
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
ACCG100(P) or ACCG105(P)
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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 aims to build on the principles and concepts of financial accounting established in ACCG100. Topics include an examination of the regulatory framework of financial accounting including the definition, recognition and measurement of assets, liabilities, income and expenses. Aspects of investor decision making are covered, including financial statement analysis. In addition, the unit introduces students to aspects of management accounting including cost-volume-profit analysis, job costing and concepts relating to budgeting. The unit develops graduate capabilities centred on effective oral and written communication skills, and analytical and critical thinking skills.
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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:
Name | Weighting | Due |
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Assessed Coursework | 25% | Random collection |
Personal Resume | 5% | 7 January 2014 |
MYOB Test | 10% | 1 February 2014 |
Final Examination | 60% | University Examination Period |
Due: Random collection
Weighting: 25%
Weekly assignments will be collected and assessed randomly by tutors (at 5 out of the 14 tutorials). Each assignment will be worth 2% of the total assessment.
The ACCG101 tutorial assessment coversheet must be attached to all homework submissions, otherwise it will not be marked and will receive a mark of Zero (0).
If the student is not in class in that particular day, marks will not be allocated.
Tutorial handouts will be distributed during the class for the purpose of assessing your ongoing effort and understanding in the unit.
Three (3) of the tutorial handouts will be randomly collected and assessed by tutors. Each handout will be worth 5% of the total assessment.
You are required to submit the tutorial handout in your designated tutorial. If the student is not in class in that particular day, marks will not be allocated.
No extensions will be granted. Submissions after class will not be accepted, except for cases in which an application for special considerations is received (with any supporting documentation, e.g. medical certificate attached) and approved.
Zero for none submission in designated class.
Due: 7 January 2014
Weighting: 5%
Submission
The personal resume must be completed and submitted through Turnitin on iLearn by 5pm 7 January 2014
Extension
No extension will be granted
Penalties
A mark of Zero will be assigned for late or non-submission unless a special conideration application is submitted and approved. If a special consideration application is approved, the weighting of the missed assignment will be added to the final examination weighting
Due: 1 February 2014
Weighting: 10%
Submission
The MYOB test will take place after the final exam. Students will be assessed under exam conditions.
Extension
No extension will be granted
Penalities
A mark of ZERO will be assigned for non-attendance unless a special consideration application is submitted and approved
Due: University Examination Period
Weighting: 60%
A final examination is included as an assessment task for this unit to provide assurance that:
i) the product belongs to the student and
ii) the student has attained the knowledge and skills tested in the exam.
A 3-hour (plus 10 minutes reading time) final examination for this unit will be held during the University Examination period. The University Examination period for formal session 3 is from 27 January 2014 to 31 January 2014.
The exam is closed book. Non- programmable calculators with no text-retrieval capacity are allowed.
It is essential for students to pass the final examination in order to receive a passing grade for the unit.
You are expected to present yourself for examination at the time and place designated in the University Examination Timetable.
http://exams.mq.edu.au/
The only exception to not sitting an examination at the designated time is because of documented illness or unavoidable disruption. In these circumstances you may wish to consider applying for Special Consideration. The University's policy on special consideration process is available at
http://www.mq.edu.au/policy/docs/special_consideration/policy.html
More information can be found on the following web page:http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships
Unit Web Page
In the Seminar, will have both a combination of lecture and tutorial component. During the Lecture component you will be given practical explanations and examples to supplement the text materials. For every week, you are expected to read both the textbook chapter(s) highlighted below and supplementary materials specified on the unit web page. You are expected to read the relevant text chapters and supplementary materials before attending the lecture. Lecture slides will be available on the unit web page on a weekly basis. It is suggested that you bring a copy of the lecture slides to each class. Lectures are not recorded in this unit.
The purpose of Tutorial Component is to provide an interactive learning environment in which students will practise the materials covered in the lecture. You are required to prepare the seminar questions before attending the seminar. It is suggested that you bring your textbook to each class. Selected solutions to tutorial questions will be available on the unit web page on a weekly basis. You are expected to study the solutions provided and compare them with your attempts.
Lecture |
Topic |
1 10 December |
Revision of Important Financial Accounting Concepts(HEM) Chapters 4,5,18,19 &20
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2 11 December |
Accounting Regulation and Conceptual Framework(HEM) Chapter 17
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3 12 December |
Non - Current Assets(HEM) Chapter 21
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4 17 December |
Accounting for Liabilities(HEM) Chapter 22
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5 18 December |
Equity in Business- Partnerships (Part 1)(HEM) Chapter 15
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6 19 December |
Equity in Business - Partnerships (Part 2)(HEM) Chapter 15 |
7 7 January |
Equity in Business - Companies (Part 1)(HEM) Chapter 16
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8 8 January |
Equity in Business - Companies (Part 2)(HEM) Chapter 16 |
9 9 January |
Equity in Business - Companies (Part 3)(HEM) Chapter 16
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10 14 January |
Financial Statement Analysis(HEM) Chapter 25 |
11 15 January |
Accounting for GST(HEM) Chapter 3 |
12 16 January |
Introduction to Management Accounting(HEM) Chapter 8
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13 21 January |
Cost Volume - Profit Analysis(HEM) Chapter 11 |
14 22 January |
Budgeting(HEM) Chapter 12
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15 23 January |
Revision |
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://www.mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://www.mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://www.mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://www.mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Special Consideration Policy http://www.mq.edu.au/policy/docs/special_consideration/policy.html
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
The nature of scholarly endeavour, dependent as it is on the work of others, binds all members of the University community to abide by the principles of academic honesty. Its fundamental principle is that all staff and students act with integrity in the creation, development, application and use of ideas and information. This means that:
Further information on the academic honesty can be found in the Macquarie University Academic Honesty Policy at http://www.mq.edu.au/policy/docs/academic_honesty/policy.html
Macquarie University uses the following grades in coursework units of study:
Grade descriptors and other information concerning grading are contained in the Macquarie University Grading Policy which is available at:
http://www.mq.edu.au/policy/docs/grading/policy.html
If, at the conclusion of the unit, you have performed below expectations, and are considering lodging an appeal of grade and/or viewing your final exam script please refer to the following website which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes a valid grounds for appeal before appealing your grade.
The University is committed to equity and fairness in all aspects of its learning and teaching. In stating this commitment, the University recognises that there may be circumstances where a student is prevented by unavoidable disruption from performing in accordance with their ability. A special consideration policy exists to support students who experience serious and unavoidable disruption such that they do not reach their usual demonstrated performance level. The policy is available at:
http://www.mq.edu.au/policy/docs/special_consideration/policy.html
Macquarie University provides a range of Academic Student Support Services. Details of these services can be accessed at: http://students.mq.edu.au/support/
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Details of these services can be accessed at http://www.student.mq.edu.au/ses/.
If you wish to receive IT help, we would be glad to assist you at http://informatics.mq.edu.au/help/.
When using the university's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students and it outlines what can be done.
We want our graduates to have emotional intelligence and sound interpersonal skills and to demonstrate discernment and common sense in their professional and personal judgement. They will exercise initiative as needed. They will be capable of risk assessment, and be able to handle ambiguity and complexity, enabling them to be adaptable in diverse and changing environments.
This graduate capability is supported by:
Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.
This graduate capability is supported by:
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
Our graduates should be capable of researching; of analysing, and interpreting and assessing data and information in various forms; of drawing connections across fields of knowledge; and they should be able to relate their knowledge to complex situations at work or in the world, in order to diagnose and solve problems. We want them to have the confidence to take the initiative in doing so, within an awareness of their own limitations.
This graduate capability is supported by: