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ACCTING 1002 - Introductory Accounting

North Terrace Campus - Semester 1 - 2024

The objective of the course is to provide an introductory knowledge of accounting to students of all disciplines such as business, professions, economics, arts, languages, law, food & nutrition, sciences, maths, computer science, psychological science, health & medical sciences, and engineering, health, medical and sciences. A general overview of accounting principles relating to the preparation of financial and managerial reports will be presented. The primary focus is to illuminate how accounting information is utilised by a variety of stakeholders in planning, controlling and investing decisions. Topics included are accounting information in its decision making context, recording of accounting transactions, understanding and analysing financial statements, cost behaviour, determination of product costs, cost-volume-profit analysis, performance management, and budgeting.

  • General Course Information
    Course Details
    Course Code ACCTING 1002
    Course Introductory Accounting
    Coordinating Unit Accounting
    Term Semester 1
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Incompatible ACCTING 1002OUA
    Quota Quota applies for Semester 1
    Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture
    Course Staff

    Course Coordinator: Dr Aeson Luiz Dela Cruz

    Course Timetable

    The full timetable of all activities for this course can be accessed from .

    Weekly lecture: The recorded lectures and animated (cartoon) videos are available at MyUni course homepage.

    Weekly tutorials: One weekly 1 hour tutorial. Tutorials begin in the second week of the semester and finish in week 12. See your Access Adelaide enrolment to find your tutorial details.
  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course, students will be able to:

    1 Explain and apply accounting information to facilitate decision-making.
    2 Analyse and interpret financial statements.
    3 Understand and apply the planning and control functions of management accounting and evaluate management control systems.
    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)

    Attribute 1: Deep discipline knowledge and intellectual breadth

    Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.

    1,2,3

    Attribute 2: Creative and critical thinking, and problem solving

    Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.

    1,2,3

    Attribute 3: Teamwork and communication skills

    Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.

    1,2,3

    Attribute 4: Professionalism and leadership readiness

    Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.

    1,2,3

    Attribute 5: Intercultural and ethical competency

    Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.

    1,2,3

    Attribute 6: Australian Aboriginal and Torres Strait Islander cultural competency

    Graduates have an understanding of, and respect for, Australian Aboriginal and Torres Strait Islander values, culture and knowledge.

    .

    Attribute 7: Digital capabilities

    Graduates are well prepared for living, learning and working in a digital society.

    .

    Attribute 8: Self-awareness and emotional intelligence

    Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.

    1,2,3
  • Learning Resources
    Required Resources
    Textbook

    The course uses the following two textbooks (bundled in a package, Value Pack):

    Tyler, J, Godwin, N and Alderman, CW, ACCT4 Financial, 4th Asia-Pacific Edition, Cengage Learning, Australia.

    Sivabalan, P, Wakefield, J, Sawyers, R, Jackson, S and Jenkins, G, ACCT4 Management, 4th Asia-Pacific Edition, Cengage Learning, Australia.

    The course will not use MindTap.

    The books (value pack) have both electronic (eBook) and print versions. The ACCT4 value pack is available at Cengage’s site. The details are as follows:
    1) eBook pack: e 10% discount code cod: WOW10

    2) Print pack: 10% discount code cod: WOW10


    More information about offshore students wanting to access print pack will be available at MyUni course homepage.


    Online Learning
    This course makes substantial use of the MyUni platform. Information that will be available through MyUni include:
    • Lecture recordings
    • Animated videos
    • Module videos
    • Module quizzes
    • Lecture slides
    • Tutorial questions
    • Assignment information
    • Announcement about assessments
    • Reflective Journal
    Students are advised to check the MyUni site several times each week for any announcements or new information. It is the responsibility of students to remain informed about changes in the course and they are deemed to know of any new information added to the MyUni site.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    Weekly lecture: The recorded lectures, animated (cartoon) videos and modules videos are available at the MyUni course homepage.

    Weekly tutorials: One weekly 1 hour tutorial. Tutorials begin in the second week of the semester and finish in week 12. See your Access Adelaide enrolment to find your tutorial details.

    The aims of the tutorials are threefold: to develop a conceptual understanding of key accounting principles, to review and refine the technical competencies required to perform accounting calculations, and to gain an insight into the implications flowing from accounting information including the financial statements.

    During the tutorials students are encouraged to ask questions about the topics. It is expected that each student will actively involve in tutorial discussion. In general, a good participant will, among other things:
    · take the initiative and lead the discussion; and
    · be prepared to work cooperatively and productively in small groups.

    It is not expected that you will always have the “right” answer and, indeed, it should be recognised and understood that valid alternative points of view might well exist on an issue. A “good” answer will be one that is grounded in, among other things, references to relevant and valid accounting concepts. Preparation prior to attending the tutorial is important to get benefits from the tutorial
    discussion and activities.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The University expects full-time students (i.e., those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours of private study outside of your regular classes.

    Students in this course are required to attend all lectures and Tutorials throughout the semester, tutorial preparation and participation will form part of the overall assessment as outlined in the assessment section below.
    Learning Activities Summary
    Topics:
    1. Course introduction & Introduction to accounting
    2. Financial statements
    3. Recording accounting transactions
    4. Non-current assets
    5. Financial statement analysis
    6. Introduction to management accounting, Costs terms & Cost behaviour
    7. Cost-volume-profit analysis & Activity-based costing
    8. Cost planning (Budgets) & Cost control (Variance analysis)
    9. Performance management system – Balanced Scorecard
    10. Accounting for sustainability
  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    Assessment Summary
    The assessment tasks are:
    Assessment Task Task Type Weighting Learning Outcome
    Tutorial participation and engagement Individual 10% 1, 2, & 3
    Test 1 (Online at MyUni) * Individual 10% 1 & 2
    Test 2 (Online at MyUni) * Individual 20% 1 & 2
    Group assignment *
    (submission at MyUni)
    Group 10% 2 & 3
    Final exam
    Duration: 2 hours
    Individual 50% 1, 2, & 3
    Total 100%
    Total 100% The specific time and date for the Final Exam will be informed at MyUni Course Homepage.
    Assessment Related Requirements
    • All assessment tasks are compulsory and none are redeemable.
    • Students are not permitted to submit or use assessment from any previous or other course towards the assessment in this course.
    • Details of the assessments will be informed at MyUni course homepage.
    Assessment Detail
    Assessment Detail

    Tutorial participation and engagement -- 10%
    The participation grades are based on a student’s active participation and contribution in tutorial classes
    throughout the semester. Students must only attend the tutorial they enrolled in.

    Gorup Assignment -- 10%
    The Assignment will involve small group work. The Assignment will be submitted electronically through MyUni. Details of the
    Assignments are available on the MyUni course homepage (under the Assignment folder).

    Test 1 -- 10%
    Details of Test 1 will be posted at MyUni (as an Announcement).

    Test 2 -- 20%
    Details of Test 2 will be posted at MyUni (as an Announcement).

    Final exam -- 50%
    There will be a two (2) hour exam. Details of the final exam will be posted at MyUni (as an Announcement).
    Submission
    Workshop Solutions must be submitted to the workshop facilitator at the beginning of each the workshop in order to be considered for assessment.

    The Assignments will be submitted electronically through MyUni. Further details will be provided in due course.
    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 .

  • 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.

  • Student Support
  • Policies & Guidelines
  • 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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