ACCTING 7019NA - Accounting Concepts and Methods (M)

Ngee Ann Academy - Trimester 1 - 2016

This course introduces students to the fundamentals of financial accounting practice. It develops students' understanding of key accounting concepts, recording methods and measuring and disclosing requirements. Topics include an introduction to accounting information in decision contexts; regulatory framework; Conceptual Framework; financial statements; recording financial transactions, adjusting entries and the accounting cycle; inventory; cost of acquisition, depreciation, and revaluation of non-current assets; introduction to financial statement analysis; organisational structures (sole proprietors, partnerships, companies); and other selected issues relating to financial reporting standards.

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Course Details

Course Code	ACCTING 7019NA
Course	Accounting Concepts and Methods (M)
Coordinating Unit	Adelaide Business School
Term	Trimester 1
Level	Postgraduate Coursework
Location/s	Ngee Ann Academy
Units	3
Contact	Up to 2 hours per week
Available for Study Abroad and Exchange	N
Incompatible	COMMERCE 7002NA
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Associate Professor Robyn Davidson

Course Timetable

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

Please refer to Ngee Ann-Adelaide Education Centre Schedule.

Course Learning Outcomes

1	Identify, measure, record and communicate financial information for the purpose of providing information in accordance with Australian Accounting Standards for economic decisions by users of financial statements.
2	Analyse and interpret financial statement information for decision making purposes.
3	Explain the purpose of, and factors which influence the content of, financial statements.
4	Compare and contrast different business structures and relevant accounting practices.
5	Communicate accounting information in a professional manner.
6	Critically reflect on own learning.

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)	1 - 5
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	1 - 4
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	1 - 5
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	1 - 6
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	n/a
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	6

Learning Resources

Required Resources

Text Books

Hoggett, J.,
Edwards, L., Medlin, J., Chalmers. K., Hellmann, A., Beattie, C. and Maxfield, J. Financial Accounting, 2012, 9th Edition, John Wiley
& Sons. ISBN9781118608203

An ebook is available at:

Recommended Resources

Financial press
In this course articles from the financial press may be used to illustrate the concepts discussed. All major newspapers have a business section and many are currently on the internet. The Australian Financial Review is the most comprehensive financial newspaper in Australia and the Asian Wall Street Journal also has interesting articles.

Use of the internet
Accounting Concepts and Methods (M) will make use of various internet sites which are accounting related. These can be accessed in MyUni.

Online Learning

Some course resources are available on the course website:
• Text book resources include chapter overviews and short self assessment tests.
• Sample examinations with suggested answers, and sample tests with suggested answers.
• Assignment and test material.
• Suggested answers to selected revision problems.

Students will be able to purchase access to WileyPLUS, an online resource accompanying the text book. Please note that this is an optional tool, students are not required to purchase the WileyPLUS version of the textbook.

Learning & Teaching Modes

This course is taught in intensive mode. Each session provides students with accounting concepts that underpin all accounting procedures and give examples of analysing, recording and summarising accounting information in formats suitable for users to make economic decisions. During each session, the material presented is reinforced with class discussions and problem solving exercises.

Workload

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

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

The University expects students to commit a total of 156 hours to this course. This includes formal contact hours, research, reading, writing, study and preparation for examinations and tests.

Learning Activities Summary

INTENSIVE 1

DATE	TOPIC	READING - TEXT
Friday 29th Jan Session 1	Decision making and the role of accountants Financial statements for decision making Forms of organisations- partnerships - - companies Regulation and Conceptual Framework Presentation of financial statements Statement of financial position	Chapter 1, pp. 2–15 Chapter 2, pp. 34–35, 37–48 Chapter 8, pp. 343–347 Chapter 9, pp. 378–382 Chapter 10, pp. 430–453 Chapter 17, pp. 717–722 Chapter 17, pp. 725–727
Saturday 30th Jan Session 2	Income, expenses and the measurement of profit Statement of comprehensive income Statement of cash flows	Chapter 10, pp.451–459 Chapter 17, pp. 725–727 Chapter 18, pp. 752–774 Chapter 18, pp. 792-794
Saturday 30th Jan Session 3	Recording financial transactions	Chapter 2, pp. 48–52 Chapter 3
Sunday Sun 31st Jan Session 4	Adjusting entries and the accounting cycle	Chapter 4 Chapter 5
Sunday 31st Jan Session 5	Accounting for retailing, receivables and inventory.	Chapter 6 Chapter 12 Chapter 13

INTENSIVE 2

DATE	TOPIC	READING - TEXT
Friday 19th Feb Session 6	Manual and computerised accounting systems	Chapter 7
Saturday 20th Feb Session 7	Test Cash management and control	Chapter 11
Saturday 20th Feb Session 8	Accounting for non-current assets	Chapter 14, pp. 599-616 Chapter 15, pp. 638-648
Sunday 21st Feb Session 9	Accounting for partnerships Accounting for companies	Chapter 8, pp. 344–359 Chapter 9, pp. 378-382 pp. 385-408
Sunday 21st Feb Session 10	Financial statement analysis	Chapter 19, pp. 826-854

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

Assessment	Due Date and time	Weighting	Related Learning Objectives
Assignment 1 Summative	Sunday 14th February at 11:59pm	5 %	All
Class Test Summative	Saturday 20th February	15 %	All
Assignment 2 Formative and Summative	Wednesday 2nd March	20 %	All
Final Exam 3 hours	Saturday 19th March - To be confirmed	60%	All
Total		100%

Assessment Related Requirements

Attendance

Statutory obligations in Singapore are such that attendance in person is a compulsory condition of passing a course. Our specific requirements are that students must attend at least 80% of class sessions to be graded for that course. For these purposes each intensive weekend is defined as comprising 5 sessions with 1 on Friday evening and 2 on each of Saturday and Sunday.

Each course in total comprises 10 sessions; Students must attend a minimum of 8 sessions to be eligible to be given a grade for the course. Students failing to meet these requirements will be automatically graded 0% Fail (F) on their transcripts.

Minimum Exam Mark
To gain a pass for this course, a mark of at least 45% must be obtained on the final examination as well as a total of at least 50% overall. Students not achieving the minimum examination mark will be awarded no more than 49 for the course.

Assessment Detail

The assessment components are as follows:

Assignment 1 - 5%
Assignment 1 is a short assignment on Topics 1 and 2. Students must demonstrate they can explain underlying accounting concepts and apply these concepts to practical problems and prepare financial statements.

Class Test - 15%
A one hour class test will be held on the Saturday of the second intensive. It will cover Topics 1 to 4. Sample tests with suggested answers are available on MyUni.

Assignment 2 - 20%
Assignment 2 covers material from across the entire course. Students must demonstrate they understand the accounting cycle
which involves identifying, recording and communicating financial information in addition to analysing financial statements.

Final Exam - 60%
There will be a three (3) hour examination. The examination covers all of the topics studied in the course. Sample examinations and the suggested answers are available on MyUni.

Notes on Assessment
In this course, students’ continuing assessment will be assessed using specific guidelines and marking criteria determined by the lecturers-in-charge.

Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted in the final examination because of poor hand-writing.

Students in this course are not permitted to take a DICTIONARY (English or English-Foreign) into the examination. In this course, the use of a calculator that is incapable of storing text is permitted in the examination. The examination is a closed-book examination.

Assignment Guidelines including Referencing Details
A copy of the Postgraduate Programs: Communication Skills Guide is available to students. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from .

This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.

In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)
The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.

Submission

Presentation of Assignments
Assignments must be submitted individually, clearly marked with the student’s name and number. Assignments must be posted to MyUni no later the due date and time shown in the assessment summary table above. Details on how to submit the assignment will be available with the assignment on MyUni. The assignment should be in Word format (not Excel spreadsheets). Please
complete, sign and date an ‘Assignment Cover Sheet’ (a copy will be on MyUni) and include it with your assignment submission. Lecturers can refuse to accept assignments which do not have a signed acknowledgement of the University’s policy on plagiarism.

Students must retain a copy of all assignments submitted.

Students must not submit work for an assignment that has previously been submitted for this course or any other course without prior approval from the lecturer-in-charge.

Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by 20% of the total assignment mark for each day that it is late.

Return of Assignments

Assignment 1 will be returned to students by the second intensive. Marked files will be available on MyUni. The test will be returned to students the day following the test.

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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