ACCTING 1002 - Introductory Accounting
North Terrace Campus - Semester 2 - 2021
General Course Information
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 Course Description 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.
Course Coordinator: Nurmalisa Che Ali
The full timetable of all activities for this course can be accessed from Course Planner.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 OutcomesOn 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
The course uses the following two textbooks (bundled in a package):
Tyler, J, Godwin, N and Alderman, CW,
3rd Asia-Pacific Edition, Cengage Learning, Australia.
Sivabalan, P, Wakefield, J, Sawyers, R, Jackson, S and Jenkins, G,
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 LearningThis 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
Learning & Teaching Activities
Learning & Teaching ModesWeekly 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.
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 SummaryTopics:
- 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 SummaryThe 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%
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 DetailTutorial 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).
SubmissionWorkshop 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.
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 Access Adelaide.
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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