Unit convenor and teaching staff |
Unit convenor and teaching staff
Teaching Administrator
Kim Lu
Colly He
Dinuja Perera
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
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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 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 language, 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. The unit develops graduate capabilities centred upon discipline specific knowledge and professional judgment, and their application to problem solving, with one particular learning outcome being the demonstration of communication 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:
Expectations and Workload
Activities |
Hours |
Weekly lectures and tutorials |
39 |
Assessment Task 1 (Assessed Coursework) |
25 |
Assessment Task 2 (Case Study) |
20 |
Assessment Task 3 (Class Test) |
18 |
Assessment Task 4 (Final Examination) |
30 |
Readings and self-study |
18 |
Total number of hours |
150 |
Name | Weighting | Hurdle | Due |
---|---|---|---|
Assessed Coursework | 15% | No | Ongoing (Weeks 2 - 13) |
Case Study | 15% | No | 13 September 2019 |
Class Test | 15% | No | Week 9 |
Final Examination | 55% | No | University Examination Period |
Due: Ongoing (Weeks 2 - 13)
Weighting: 15%
The assessed coursework weights 15% of your overall grade and includes two components: weekly homework (5%) and interactive assignment (10%).
1. Weekly homework (5%)
Independent work on the homework questions is fundamental to satisfying the learning objectives of this unit. You are not expected to always have the right answers from your independent work but you are expected to make a significant attempt at assigned questions before each class. Four homework collection (1.25% each) will be made in class for the purpose of assessing your ongoing effort in the unit. Advance notice will NOT be given that a particular week's homework is to be collected. The first homework collection is an early diagnostic test in which students are required to demonstrate their ability to discuss, explain and analyse specific features of contemporary accounting learnt in early weeks of the session.
2. Interactive assignment (10%)
You are required to undertake an interactive assignment in Excel guided by your tutor. The interactive assignment is progressive in nature. Your tutor will mark your assignment twice - first in Week 8 and second in Week 12. Detailed information about the interactive assignment will be provided on iLearn in Week 3.
Criteria and standards
Detailed marking rubrics for weekly homework will be released on iLearn in Week 1, while the detailed marking rubrics for the interactive assignment will be provided on iLearn in Week 3.
Submission
Weekly homework - Your homework will be randomly collected four times during the session. Each homework (hard copies only) has to be submitted to your tutor during the class time in your registered tutorial.
Interactive assignment - The assignment is due for marking in Weeks 8 and 12 in your registered tutorial.
Please note that for both weekly homework and the interactive assignment, your work must be submitted by you and not by an agent. If you do not attend a class and that week's work is collected/due, marks for that week's work will be forfeited.
Extensions and penalties
Weekly homework - No extensions will be granted. Students who fail to submit the work during class time in the registered tutorial will be awarded a mark of 0, except for cases in which an application for Disruption to Studies is made and approved.
Interactive assignment - No extensions will be granted. Students who fail to submit the work in Weeks 8 and 12 in the registered tutorial will be awarded a mark of 0, except for cases in which an application for Disruption to Studies is made and approved.
Due: 13 September 2019
Weighting: 15%
You are required to complete a case study which is worth 15% of your overall grade. The case study is a research essay that encourages students to explore ethical issues in business, using materials outside the assigned text. Detailed information about the assignment will be available on iLearn in Week 2.
Criteria and standards
Your research essay will be marked on the basis of the marking criteria, which will be provided on iLearn in Week 2.
Submission
Submissions for the research essay must be made through Turnitin on iLearn by 5pm on Friday 13 September 2019 (Week 7). Detailed submission instructions will be provided in the case study information pack that will be available on iLearn in Week 2. Submission guidelines using Turnitin can be accessed from http://mq.edu.au/iLearn/student_info/assignments.htm#turnitin.
Extension and penalties
No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded marks for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission will attract 20% penalty). This penalty does not apply for cases in which an application for Disruption to Studies is made and approved.
Due: Week 9
Weighting: 15%
You are required to sit a class test in your registered tutorial during Week 9. The class test is worth 15% of your overall grade. The purpose of the class test is to give you timely feedback on your performance regarding the 'Financial Accounting for Business' topics (i.e. material taught in Week 3 to Week 8). The test will be undertaken under examination conditions and to examination standards. The duration and details of the test will be advised the week prior to the test.
Criteria and standards
The class test will be marked based on the appropriate applications of knowledge and skills taught, which might include multiple choice, short answer, discussion, case-based and practical questions.
Submission
The class test will be held in Week 9. You MUST attend your registered tutorial to take the class test.
Extension and penalties
No extensions will be granted. Students who have not attempted the class test will be awarded a mark of ZERO for the test, except for cases in which an application for Disruption to Studies is made and approved in which case students will be given a supplementary test.
Due: University Examination Period
Weighting: 55%
A 2-hour closed book exam will be held during the University Examination Period. The final exam is worth 55% of your final grade. Information and revision for the final exam will be provided closer to the examination date.
The purpose of the final examination is to provide assurance that the: (i) learning acquired thought this unit belongs to the student; and (ii) student has attained the knowledge and skills tested in the exam.
Criteria and standards
The final examination will be marked based on the appropriate applications of knowledge and skills to various types of questions, which might include multiple choice, short answer, discussion, case-based and practical questions.
Extension and penalties
Students who do not sit the final examination on the scheduled date and time specified in the University examination timetable will be awarded a mark of zero (0) for the final examination, except for cases in which a Disruption to Studies Notification is made and approved.
If a Supplementary Examination is granted as a result of the Disruption to Studies process, this examination will be scheduled as per the Supplementary Examination timetable of the Faculty (see Supplementary Examination Timetable of the Faculty). The Supplementary Examination will be of a similar format to the final examination. A student may withdraw their Disruption to Studies Notification up to the point where the determination of whether it is Serious and Unavoidable has been made. After this determination, the student may not withdraw the Disruption to Studies Notification and must submit themselves to partake in the Supplementary Examination.
Students are advised to familiarise themselves with the University’s Disruption to Studies Policy available at http://mq.edu.au/policy/docs/disruption_studies/policy.html.
Carlon, S., McAlpine-Mladenovic, R., Palm, C., Mitrione, L., Kirk, N. and Wong, L. (2016) 'Financial Accounting: Reporting, Analysis and Decision Making (6th edition)', Wiley, QLD, Australia.
This text will be used in both ACCG100 and ACCG101. Students can purchase this text either at the Co-op, Macquarie University, or online at https://www.wileydirect.com.au/buy/financial-accounting-reporting-analysis-and-decision-making-6th-edition/
This text is available in both hard copy and E-Text formats.
Students will also be required to source other online material including:
Other required material will be available to students throughout the session via iLearn.
This unit includes a KickStart package, designed to help you get a head start with your studies. Being well prepared can be the key to success, so be sure to take advantage of KickStart and make it work for you.
What is it?
KickStart is a package of resources and activities in iLearn that is specific to studying this unit. Your package may include welcome videos from the Unit Convenor, introductory quizzes and insights on the unit.
When is it available?
Two weeks before the start of the session, log into iLearn and access the KickStart package.
Please note that the activities in the KickStart package do not count towards the final grade of the unit.
What is required to complete this unit satisfactorily?
In addition to the requirements outlined in the Assessment tasks section above, it is expected that students in this course are independent learners who assume personal responsibility for their learning and undertake a pro-active approach to addressing any deficiencies in their understanding of the course materials through independent research and inquiry and through consultations with peers and instructors as appropriate.
Week |
Topic |
1 |
Accounting, accountability and society Accounting for organisations Careers in accounting |
2 |
Ethics: What is it and why it is important? Role of ethics in accounting Code of ethics for professional accountants |
3 |
Financial accounting for business: double-entry accounting |
4 | Financial accounting for business: preparing general journals |
5 |
Financial accounting for business: posting and trial balance |
6 |
Financial accounting for business: adjusting entries |
7 |
Financial accounting for business: closing entries |
Mid-Session Break: 16 September – 27 September 2019 |
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8 | Financial accounting for business: preparing and interpreting financial statements - 1 |
9 |
Financial accounting for business: preparing and interpreting financial statements - 2 |
10 |
Management accounting: introduction |
11 |
Management accounting: cost volume profit analysis |
12 |
Sustainability: What it is and why it is important? Role of accountants Disclosure and reporting requirements |
13 |
Revision |
Final Examination Period: 11 November – 29 December 2019 |
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/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
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
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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.
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:
We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.
This graduate capability is supported by:
This unit supports the development of program learning outcomes (PLO) for degree(s) delivered by the Faculty of Business and Economics. PLOs describe the educational outcomes of a degree and what you should be able to know, understand and do by the end of your degree.
Unit learning outcomes 1, 4 & 5 and the Case Study assessment contribute to the following PLOs:
PLO2 Critical Thinking
PLO4.1d Communication
PLO4.2 Global Citizens