ACCTING 1002 - Introductory Accounting

North Terrace Campus - Semester 2 - 2021

The objective of the course is to provide an introductory knowledge of accounting to students of all disciplines such as business, professions, arts, 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 include: accounting information in its decision making context, record of accounting transactions, understand and analyse financial statements, cost behaviour, determination of product costs, cost-volume-profit analysis, performance management, and budgeting.

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Course Details

Course Code	ACCTING 1002
Course	Introductory Accounting
Coordinating Unit	Accounting
Term	Semester 2
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 1011, ACCTING 1004
Quota	Quota applies for Semester 1
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Nurmalisa Che Ali

Course Timetable

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

Introductory Accounting I has a 2-hours lecture per week.

In addition the course also contains one weekly 1 hour tutorial per student. Tutorials begin in the second week of the semester and finish in the last week of lectures.

Course Learning Outcomes

On successful completion of this course, students will be able to:
1. Explain the key concepts that underpin the preparation of general purpose financial reports
2. Analyse and interpret financial statements
3. Evaluate the accounting information needs of management
4. Understand and apply key principles of budgeting
5. Apply various management accounting techniques to analyse decisions faced by management

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	All
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	All
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	All
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	All
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	All

Learning Resources
Required Resources

Textbook

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

Tyler, J, Godwin, N and Alderman, CW,
ACCT3 Financial,
3rd Asia-Pacific Edition, Cengage Learning, Australia.
&
Sivabalan, P, Wakefield, J, Sawyers, R, Jackson, S and Jenkins, G,
ACCT3 Managerial,
3rd Asia-Pacific Edition, Cengage Learning, Australia.

Students may access either the eBooks or the printed books.

The publisher has bundled the two books in the following value packs (eBooks or printed books):

* eBook value pack (2x eBooks with online resources included): https://au.cengage.com/c/isbn/9780170288149

* Printed value pack (2x printed texts, online resources included): https://au.cengage.com/c/isbn/9780170287258

The Cengage publisher offers a 10% discount for both the eBook and printed versions of the textbooks. The discount
code is: RADELAIDE10.

Online Learning
This course makes substantial use of the MyUni platform. Information that will be available through MyUni include:
- Lecture recordings
- Animated videos
- Lecture slides
- Tutorial questions
- Assignment information
- Announcement about assessments
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 and animated (cartoon) 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:
- Introduction to financial accounting
- Financial statements
- Recording accounting transactions
- Non-current assets
- Financial Statement analysis
- Introduction to management accounting & ethics
- Cost behaviour
- Cost-volume-profit analysis
- Budgeting for planning and decision making
- Performance management system: Balanced Scorecard

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

The assessment tasks are:

Assessment Task	Type	Weighting	Learning Outcome
Tutorial participation and engagement	Individual	10%	1, 2, 3, 4 & 5
Test 1 (Online at MyUni) Week 5 *	Individual	10%	1, 2 & 3
Test 2 (Online at MyUni) Week 9 *	Individual	20%	1, 2 & 3
Group assignment (submission at MyUni) Due: week 10	Group	10%	2, 3 & 4
Final exam Duration: 2 hours	Individual	50%	1, 2, 3, 4 & 5
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

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.

Assignment -- 15%
The Assignment will involve a small group work. The Assignment will be submitted electronically through MyUni. Details of the
Assignment are available at MyUni course homepage (under Assignment folder).

Mid-semester test -- 25%
Mid-semester Test will take place (at MyUni online platform) on 17th of September (Thursday) between 9 am and 11 am Adelaide time. Details of the test will be posted at MyUni (as Announcement).

Final exam -- 50%
There will be a three (3) hour exam. Details of the final exam will be posted at MyUni (as 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
This section contains links to relevant assessment-related policies and guidelines - all university policies.
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.

The 成人大片 is committed to regular reviews of the courses and programs it offers to students. The 成人大片 therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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