ACCTING 1005 - Accounting Method I
North Terrace Campus - Semester 1 - 2016
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General Course Information
Course Details
Course Code ACCTING 1005 Course Accounting Method I Coordinating Unit Adelaide Business School Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Available for Study Abroad and Exchange Y Prerequisites ACCTING 1002 Restrictions Available to B Com students only - students outside of the program must seek approval from the Course Coordinator Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Dr Tony McMurtrie
Course Tutor
Ms Nicole MoschakisCourse Timetable
The full timetable of all activities for this course can be accessed from .
The University expects full-time students (ie those taking 12 units per semester) to devote a total of 48 hours per week to their studies. Students in this course, you are expected to attend all
lectures throughout the semester plus one tutorial class and one workshop each week.
Lectures
Students are required to attend 2 lectures each week. Lectures are held 3:10 pm on Tuesday
and at 2:10pm Wednesday in the Chapman Lecture Theatre.
Lectures commence on Tuesday 3 March. -
Learning Outcomes
Course Learning Outcomes
1. Identify and Define the Elements of the Financial Statements
2. Distinguish between cash and accrual accounting systems
3. Journalise and post accounting transactions using accrual accounting
4. Prepare financial reports from the recorded transactions
5. Prepare Financial Information using a computerised accounting package
6. Understand and apply various methods of accounting for assets, liabilities and equity
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
All Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
6 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
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Learning Resources
Required Resources
Text Book
Horngren, C., W. Harrison, S. Oliver, P Best, D Fraser, R Tan, and R Willet, 2012, Financial
Accounting, 7th Ed, Pearson, Frenchs Forrest (referred here as Horngren)
AASB Framework – Available on MyUni
Handbook of the Code of Ethics for Professional Accountants Sections 110 – 150 – Available on MyUni
Online Accounting Practice Set
Perdisco On Line MYOB practice set. Available directly from Perdisco. Purchase details will be explained in Lecture 1
MyAccontingLab Access code.
This code can be purchased with the text book package or separately from the book store. You will need this code to access the online element of this course to be able to complete the homework tasks.
When you have obtained your MyAccountingLab code you will need to log into MyAccounting lab using the link in MuyUni
You will see several book options. Make sure you choose the correct one “Financial Accounting” by Horngren et al.Online Learning
Students are required to obtain access to the online resources attached to the text book through the MyAccountingLab system
MyAccontingLab Access code.
This code can be purchased with the text book package or separately from the book store. You will need this code to access the online element of this course to be able to complete the homework tasks.When you have obtained your MyAccountingLab code you willneed to log into the link provided on MyUni
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Learning & Teaching Activities
Learning & Teaching Modes
Students in this course, you are expected to attend all lectures throughout the semester plus one tutorial class each week.
Please refer to Access Adelaide for your timetable and enrolment details
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Lectures
Students are required to attend 2 lectures each week. Lectures are held 3:10 pm on Tuesday
and at 4:10pm Wednesday in the Chapman Lecture Theatre. The lecture schedule will be available on MyUni
Lectures commence on Tuesday 1 March.
Tutorials
Tutorials will commence in week 2. The schedule of questions will be available on MyUni
Online
Several lecture modules will be delivered on line and no face to face lecture will be provided. Details relating to these online modules will be provided in lectures and via MyUniWorkload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (ie those taking 12 units per semester)
to devote a total of 48 hours per week to their studies.Learning Activities Summary
No information currently available.
Specific Course Requirements
The pre-requisites for this course is Accounting For Decision Makers 1 or its equivalent. Any student who has not passed ADM will be removed from the course
Students who have achieved an overall grade of 50% or better BUT DID NOT ACHIVE 50% IN THE INVIGILATED ASSESSMENT COMPONENTS will be awarded a mark of 49.Small Group Discovery Experience
The objective of the SDGE is to help students understand how to identify what a question is asking and to use these skills to investigate a contemporary accounting issue.
This exercise forms the beginning of a scaffolded program that will feed through to a final year capstone for acct and finance students.
Groups will be established during the first few weeks of tutorials. Students will be allocated rather than self-select. Groups will be aprox 5-6 students (4 per each tute group) Each group will be provided with an accounting issues question that they will eventually address.
The first part of the experience is designed to help them identify what the question is actually asking them. During this phase groups will be provided with an accounting problem, probably in relation to a newspaper article etc, and a problem/question related to that article. They will be required to develop an understanding of what the question in asking them, developing this
through researching the material needed and using a Wiki to communicate with each other.
The product of this phase will be a demonstration of a clear understanding of what the question is asking and a framework in which the question could be answered.
Discussion around this outcome will occur with an academic in tutorial settings – including students presenting their findings. One week’s tutorials in the first half of the semester will be given up for this. These group discussions in the tutorial will be with the senior academic.
Students will then need to undertake research together, once again developing a Wiki answer that addresses the actual question posed. The findings will be presented in a tutorial in week 13.
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Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Notes on Assessment
Assessment for this course will be a combination an online practices set, online tests and invidualted tests and exams.
Full details will be advised in the 1st lecture and published on the MyUni site.
Assessment Detail
Students in this course aqre required to complete the following assessment:
Exam – 60%
3 hour closed book exam
Will be a mixture of accounting practice and theory
Must obtain 50% exam as well as
50% overall to pass the course
On Line Practice set – 20%
聴On Line Tests – 10%
Mid Semester Test – 10%
Details regarding due dates and submission requirments etc will be provided on MyUni and during the first lectureSubmission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
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