Overview
This unit introduces you to the technical aspects of accounting in Australia. You will gain a sound understanding and knowledge of the core accounting concepts for preparing financial statements. This unit introduces you to the ethical requirements for accountants in Australia. You will also learn the foundation principles and concepts of accounting, especially the accounting equation and accrual accounting and learn how to analyse and interpret the financial statements.
Details
Pre-requisites or Co-requisites
There are no requisites for this unit.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 1 - 2019
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure – International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback – Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Unit coordinator's reflections
Need for ethical decision questions based on practical scenarios and excel exercises
Add more ethical decision questions and excel exercises
- Define accounting and identify the users of accounting information and prepare the financial statements
- Demonstrate mastery of core accounting concepts, such as accrual accounting, by correctly applying these concepts to contemporary business problems, and reporting on the outcomes
- Apply, evaluate and report on the ethical requirements for accountants in Australia
- Communicate effectively about the core accounting concepts and ethical requirements, with professionals and non-professionals
- Correctly analyse and interpret the financial information contained within financial statements through the use of appropriate financial ratios, and provide professionally written reports on the results of those analyses.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Practical Assessment - 30% | |||||
| 2 - Online Test - 10% | |||||
| 3 - Examination - 60% | |||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Knowledge | |||||
| 2 - Communication | |||||
| 3 - Cognitive, technical and creative skills | |||||
| 4 - Research | |||||
| 5 - Self-management | |||||
| 6 - Ethical and Professional Responsibility | |||||
| 7 - Leadership | |||||
| 8 - Aboriginal and Torres Strait Islander Cultures | |||||
Alignment of Assessment Tasks to Graduate Attributes
| Assessment Tasks | Graduate Attributes | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |
| 1 - Practical Assessment - 30% | ||||||||
| 2 - Online Test - 10% | ||||||||
| 3 - Examination - 60% | ||||||||
Textbooks
Horngren's Financial Accounting
Edition: 8th edn (2015)
Authors: Nobles, Mattison, Matsumura, Best, Fraser, Tan, Willett
Pearson Australia
Sydney Sydney , NSW , Australia
ISBN: 9781486021161
Binding: eBook
Additional Textbook Information
The students can buy the e copy of the textbook directly from the publishers and the link is here: http://www.pearson.com.au/9781292220130
However, if you prefer a paper text, they are available at the CQUni Bookshop here: http://bookshop.cqu.edu.au (search on the Unit code).
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Microsoft Excel
- Microsoft Word
All submissions for this unit must use the referencing style: American Psychological Association 6th Edition (APA 6th edition)
For further information, see the Assessment Tasks.
m.kansal@cqu.edu.au
Module/Topic
The role of accounting in decision making
Chapter
1
Events and Submissions/Topic
Introduction to unit and assessments
Module/Topic
Recording Business Decisions
Chapter
2
Events and Submissions/Topic
The teaching staff will form groups of 5 students for written assessment and group presentation tasks to be assessed in Weeks 4-9.
Module/Topic
The adjusting process
Chapter
3
Events and Submissions/Topic
The teaching staff will form groups of 5 students for written assessment and group presentation tasks to be assessed in Weeks 4-9.
Module/Topic
Completing the accounting cycle
Chapter
4
Events and Submissions/Topic
Group presentation
Module/Topic
Retailing operations
Chapter
5
Events and Submissions/Topic
Group presentation
Module/Topic
Vacation Week
Chapter
Vacation Week
Events and Submissions/Topic
Vacation Week
Module/Topic
Retail inventory
Chapter
6
Events and Submissions/Topic
Group presentation
Module/Topic
Internal Control and Cash
Chapter
8
Events and Submissions/Topic
Group presentation
Module/Topic
Receivables
Chapter
9
Events and Submissions/Topic
Group presentation
Module/Topic
Non-current assets property, plant
and equipment, and intangibles
Chapter
10
Events and Submissions/Topic
Module/Topic
Current liabilities and payroll
Chapter
11
Events and Submissions/Topic
Module/Topic
Financial Statement Analysis
Chapter
18
Events and Submissions/Topic
Module/Topic
Unit Revision
Chapter
Revision as per exam advice
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Practical Assessment
For the Written assessment (Excel) part of this assessment, each group of five students submits an excel spreadsheet of the assigned question in week 9 (Max. 15 marks). The presentation part of this assessment is done in groups of five students over 6 weeks, starting from week 4 to week 9. On-campus students present assigned questions in their workshops. Distance/Flex students need to submit three recorded presentations via Moodle (3 presentations of 5 marks each = Max. 15 marks).
In total 30 marks for Written Assessment and Group Presentation. Distance/Flex students are allowed to complete the written assessment and presentation individually.
Week 9 Monday (13 May 2019) 5:00 pm AEST
Excel sheet submissions with group cover page via Moodle
Week 11 Friday (31 May 2019)
Results available via Moodle grade book
Students will be assessed on two criteria for written work:
1. Completion and Accuracy
2. Appropriate use of Formats/Formulas in excel
Students will be assessed on two criteria for presentation work:
1. Verbal Communication of Theoretical Concept/ Practical Application//Demonstration//Reasoning
2. Language/Presentation skills
- Define accounting and identify the users of accounting information and prepare the financial statements
- Demonstrate mastery of core accounting concepts, such as accrual accounting, by correctly applying these concepts to contemporary business problems, and reporting on the outcomes
- Apply, evaluate and report on the ethical requirements for accountants in Australia
- Communicate effectively about the core accounting concepts and ethical requirements, with professionals and non-professionals
- Correctly analyse and interpret the financial information contained within financial statements through the use of appropriate financial ratios, and provide professionally written reports on the results of those analyses.
- Knowledge
- Communication
2 Online Test
This is an individual assessment task. Online test will open at 9:00 on the Monday of week 10 and close at 9 pm on Friday of week 10. This assessment covers the content from week 1 to week 8. The test consists of multiple choice questions which may be theoretical, conceptual, and /or practical. Only one attempt at the online test is permitted and it must be completed within 60 minutes. In the absence of an approved extension, there will be no opportunity to complete the online test after it closes. Further details are available on Moodle.
Week 10 Friday (24 May 2019) 9:00 pm AEST
Week 10 Friday (24 May 2019)
Results will be available immediately on the submission of quiz via moodle
The online test shall be assessed on the basis of accuracy and completeness of the answers.
- Define accounting and identify the users of accounting information and prepare the financial statements
- Demonstrate mastery of core accounting concepts, such as accrual accounting, by correctly applying these concepts to contemporary business problems, and reporting on the outcomes
- Apply, evaluate and report on the ethical requirements for accountants in Australia
- Knowledge
Examination
Calculator - non-programmable, no text retrieval, silent only
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
