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ACCTING 7025 - Accounting Essentials for Decision Makers (M)

North Terrace Campus - Trimester 1 - 2025

This course introduces students to both financial accounting and management accounting. It provides an overview of accounting concepts, accounting cycle, and financial statements. Students are also provided with the tools for analysing and interpreting the financial statements of an organisation. Management accounting tools of costing, cost-volume-profit analysis, budgets and variance analysis are explained. The course also discussed performance management, capital investment decisions and accounting for sustainability.

  • General Course Information
    Course Details
    Course Code ACCTING 7025
    Course Accounting Essentials for Decision Makers (M)
    Coordinating Unit Accounting
    Term Trimester 1
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Incompatible ACCTING 7025OL
    Assessment This course's assessments include active engagement, group assignment, tests, interactive oral assessment and final exam.
    Course Staff

    No information currently available.

    Course Timetable

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

  • Learning Outcomes
    Course Learning Outcomes
    1. Explain and apply accounting information to facilitate decision-making.
    2. Analyse and interpret financial statements.
    3. Explain the planning and control functions of management accounting and describe management control systems.
    4. Communicate accounting theories and their applications.
    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

    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.

    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.

    2

    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.

    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.

    3

    Attribute 7: Digital capabilities

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

    1, 2 & 3

    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.

    2 & 3
  • Learning Resources
    Required Resources
    Textbooks:

    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: https://au.cengage.com/c/isbn/9780170295307
    10% discount code code: WOW10

    2) Print pack: https://au.cengage.com/c/isbn/9780170293099
    10% discount code cod: WOW10
    Online Learning


  • Learning & Teaching Activities
    Learning & Teaching Modes

    Classes will provide students with material that covers both financial and management accounting. The classes will also discuss exercises in relation to the topics.

    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 for a three-unit course or 13 hours for a four-unit course of private study outside of your regular classes.

    Students in this course are expected to attend all classes throughout the trimester.
    Learning Activities Summary
    Topic list

    1. Introduction to financial accounting
    2. Financial statements
    3. Recording accounting transactions
    4. Non-current assets and intangible assets
    5. Financial statement analysis
    6. Introduction to management accounting, cost terms and cost behaviour
    7. Cost-volume-profit analysis and activity-based costing 
    8. Cost planning (budgets) and cost control (variance analysis)
    9. Responsibility centres and performance management system
    10. Relevant costs and accounting for sustainability
    11. Capital investment decisions 


  • 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 Task Task Type Time Learning Outcome
    Class participation Individual

    *

    4
    Test 1 Individual

    *

    1
    Test 2 Individual * 1 & 2
    Assignment Group * 1 & 2

    Viva voce (interactive oral assessment)

    Individual * 4
    Final Exam Individual During Central Exam Period 1, 2 & 3
    * Specific time of the assessment is available at the MyUni course homepage. The scope, nature, and other information regarding the assessments are available on the MyUni course homepage.
    Assessment Detail
    The course will include the following assessments:
    • Test 1
    • Test 2
    • Group assignment
    • Viva voce (interactive oral assessment)
    • Final Examination
    The groups will be formed in the seminar classes for the group assignment project.

    The specific time, coverage, and other information regarding the assessments are available at MyUni course homepage.

    The final exam time will be available at the 成人大片 Exam timetable.
    Submission
    Presentation and Submission of Assignments

    · Retain a copy of all assignments submitted.

    · All group assignments must be attached to a ‘Group Assignment Cover Sheet’, which must be signed and dated by all group
    members before submission.  All team members are expected to contribute approximately equally to a group assignment.

    Assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism, may be refused.

    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 the preferred style of referencing for this course. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.  Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.

    Guidance for assignments (including referencing information) may be obtained from the Writing Skills Centre, details of which are available at /writingcentre/resources/

    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.  Other assignments or too much work are considered not to be valid 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.


    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.

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.