ACCTING 1002 - Introductory Accounting
North Terrace Campus - Semester 2 - 2022
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General Course Information
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 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. -
Learning Outcomes
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) 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.
All 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.
All 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.
All 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.
All 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.
All 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.
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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 https://au.cengage.com/c/isbn/9780170295307
10% discount code cod: EDU10
2) Print pack: https://au.cengage.com/c/isbn/9780170293099
10% discount code cod: EDU10
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
- Lecture slides
- Tutorial questions
- Assignment information
- Announcement about assessments
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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
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Assessment
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:
The specific time and date for the Final Exam will be informed at MyUni Course Homepage.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 10Group 10% 2, 3 & 4 Final exam
Duration: 2 hoursIndividual 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 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 Access Adelaide.
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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.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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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’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
