TECHCOMM 5015 - Project and Innovation Finance and Accounting

North Terrace Campus - Semester 2 - 2014

Engineers, scientists, technologists and those starting new ventures understand that a good grasp of accounting and financial management disciplines are crucial to success. This course is designed to take such professionals through the essential knowledge and skills development in areas such as: accounting concepts, understanding and analysing financial statements, book keeping, the accounting cycle, cash flow, company accounting, budgeting and planning, an introduction to management accounting. This course introduces financial modelling, analysis of project proposals and cost optimisation. Major topics include the time value of money and capital budgeting processes, depreciation, capitalisation and valuation, sensitivity analysis, value management, earned value, life cycle costing. Application of projects and innovative new ventures. The context of the course is engineering, technology and information technology design and production, operations and processes, which include consulting, production, procurement, maintenance and logistics supply for technology based operations, including defence, construction, and manufacture, and IT provision for ongoing businesses, assessment of efficiency, risk and quality management, and related aspects.

  • General Course Information
    Course Details
    Course Code TECHCOMM 5015
    Course Project and Innovation Finance and Accounting
    Coordinating Unit Entrepreneurship, Commercialisation & Innov Centre
    Term Semester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Incompatible TECHCOMM 7032
    Assessment individual class exercises, major assignment
    Course Staff

    Course Coordinator: Emeritus Professor Vernon Ireland

    Name: Anton Jordaan

    Short Bio:
    Anton Jordaan was originally trained as an accountant and tax specialist.

    Five years after setting up an accounting and tax consultancy, he sold his shares to his
    partners and set out to establish, grow and harvest a number of business ventures in the education and training space.

    In subsequent years, one of his businesses was acquired by a stock exchange listed
    company; and a few years later his business was involved in an IPO. Following the IPO he served as a director of this newly listed company for 2 years.

    In addition to the strategic leadership and financial roles over the years, Anton has
    maintained an interest in education and training, and has 20 years teaching experience in tertiary, vocational and corporate education environments. He has delivered programs in Singapore, Malaysia, Brunei, Hong Kong, USA, UK, Netherlands, South Africa, Oman, Qatar, Russia, Canada and Australia.

    After attaining a Bachelor of Commerce degree in Accounting, he completed an Honours degree in Accounting, a Master of Commerce degree in Business Management, a MBA degree, and a Master of Advanced Business Practice degree. He has completed a PhD in Entrepreneurship at The University of Adelaide. He is a member of CPA Australia.

    Email: anton.jordaan@adelaide.edu.au

    Phone: As I travel overseas often, email is my preferred method of contact. Please contact ECIC on 8313 7422 if neccessary.
    Course Timetable

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

    Opening intensive:
    Thursday 14th & Friday 15th August 2014
    9am-5pm
    Masonic Lodge B02 Seminar Room East

    Closing intensive:
    Thursday 11th & Friday 12th September 2014
    9am-5pm
    Masonic Lodge B02 Seminar Room East
  • Learning Outcomes
    Course Learning Outcomes

    The key learning objectives of this course are:

    1. A pragmatic introduction to accounting concepts and practice.
    2. Demonstrate a basic understanding and ability to understand accrual accounting and financial statements.
    3. Interpret and use financial and management accounting reports at a managerial level.
    4. Understand several internal management reporting concepts, such as costing systems, financial planning and budgeting, breakeven, contribution margin and cost-volume-profit analysis.
    5. Understand concepts of financial management including short-term liquidity and management of working capital.
    6. Understand the links between accounting and planning, control, accountability and decision making functions within organisations.
    7. Understand the decision making process for long-term investments in project management and innovative new ventures.
    8. Understand the fundamentals of financing new and innovative projects or ventures.
    9. Understanding of interpretation and use of financial and management accounting reports at a decision making or at a managerial level.
    10. Undertaking group assignments (if applicable) will take learning into the realm of actual decision making and require the sharing of tasks, schedules, co-ordination of work between people.
    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)
    Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1-10
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 5-7
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 3-4
    Skills of a high order in interpersonal understanding, teamwork and communication. 10
    A proficiency in the appropriate use of contemporary technologies. 2-3
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 9
    A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 9
    An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1
  • Learning Resources
    Required Resources

    The University’s preferred textbook supplier is Unibooks: http://www.unibooks.com.au/ 

    Text book:

    Atrill, Peter, Eddie McLaney, David Harvey, Maurice Jenner. 2009. Accounting: an introduction. 4th Edition. Frenchs Forest NSW: Pearson Education Australia. (Please ensure that you obtain the Australian edition and not the NZ or International edition)

    Recommended Resources

    Titman, Sheridan, John D. Martin. 2008. Valuation: the art and science of corporate investment decisions. Boston: Pearson Education.

    Project Finance Magazine. Complete package of news, analysis, comment and statistics. All seamlessly delivered through traditional and modern media channels. Subscription includes 10 print issues a year, industry sector tailored alerts delivered direct to mobile device or PC, weekly e-news alert, full access to Project Finance magazine online including fully searchable archive dating back to 1999. http://www.projectfinancemagazine.com/


    Library Resources
    The University of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the University’s website. The University Library web page is: http://www.adelaide.edu.au/library/
    From this link, you are able to access the Library's electronic resources.

    Other resources
    If you are a member of the PMI (http://www.pmi.org/Membership.aspx ) you will “gain exclusive access to PMI publications and our global standards*, networking options with our chapters and online communities of practice, and leadership and volunteer opportunities. You’ll also receive discounts on certification exams and renewals, as well as our professional development offerings.” Student membership is USD$40 to join and USD$30 to renew.

    * Log in to access complimentary read-only PDFs of all of PMI's published standards or take advantage of discounts on paperback editions
    http://www.pmi.org/PMBOK-Guide-and-Standards/Standards-Library-of-PMI-Global-Standards.aspx

    Online Learning
    MyUni is the University of Adelaide's online learning environment. It is used to support traditional face-to-face lectures, tutorials and workshops at the University. MyUni provides access to various features including announcements, course materials, discussion boards and assessments for each online course of study (see: https://myuni.adelaide.edu.au)
  • Learning & Teaching Activities
    Learning & Teaching Modes
    This course is offered in blended learning mode with the face-to-face component offered as intensives.
    Workload

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

    As a guide, a 3 unit course comprises a total of 156 hours work (this includes face-to-face contact, any online components, and self directed study).
    Learning Activities Summary
    This is a draft schedule and session dates are a guide only. The timetable may be changed during the course delivery if necessary.
    Intensive Date Content Readings
    1 See MyUni The Nature of Accounting Atrill Chapter 1 & 2
    Introduction to Financial Statements Atrill Chapter 3 & 4
    2 See MyUni Financial Statements: Cash Flow Statement Atrill Chapter 5
    Analysis of Financial Statements Atrill Chapter 6
    3 See MyUni Sources of Finance Atrill Chapter 2 & 14
    Working Capital Analysis
    Budgeting & Planning
    Atrill Chapter 13
    Atrill Chapter 9 & 10
    4 See MyUni Cost concepts Atrill Chapter 7 & 8
    Capital Investment decisions Atrill Chapter 11
    Specific Course Requirements
    Students are requested to bring a basic calculator to class in addition to their textbook.
  • 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
    An overview of the course assessment appears in the following Table. Details appear in the following section:
    Assessment No. Form of Assessment/Collaborative Task Length (in word count) Weighting Due Date Learning outcomes covered (see 2.1 for detail)
    1 Income Statement and Balance Sheet for Minuteman Printers Pty Ltd Reports and Notes 30% See MyUni 1-3,4
    2 Annual Report Financial Statement Analysis - Group 3000 words 30% See MyUni 1-3,5,9-10
    3 Project Evaluation Report 2500 words 30% See MyUni -, 3-9
    4 Workshop participation and team presentations n/a 10% Ongoing 1-7,9-10
    Total 100%
    Assessment Related Requirements

    Students must complete all course assessment requirements and must attend lectures to be eligible to pass the course.

    Course results are subject to moderation by the ECIC Board of Examiners

    Assessment Detail
    See Course Profile Book.
    Submission
    All text based assignments must be submitted via MyUni.
    Please refer to step by step instructions: http://www.adelaide.edu.au/myuni/tutorials/files/AssignmentStudentSubmission.pdf

    There are a few points to note about the submission of assignments:
    • Assignment Submission:  Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both). Note that assignments may be processed via TURNITIN, which is an online plagiarism prevention tool.
    • Cover Sheet:  Please submit, separate to your assignment, the completed University of Adelaide Assessment Cover Sheet providing details of yourself and your team members (if applicable), your assignment, the course, date submitted, etc. as well as the declaration signed by you that this is your (your team’s) work.  Note that the declaration on any electronically submitted assignment will be deemed to have the same authority as a signed declaration.
    • Backup Copy of Assignments:  You are advised to keep a copy of your assignments in case the submitted copy goes missing.  Please ensure that all assignment pages are numbered. If your assignment contains confidential information, you should discuss any concerns with the Course Lecturer prior to submission.
    • Extensions of Time:  Any request for an extension of time for the submission of an assignment should be made well before the due date of the assignment to the Course Lecturer.  Normally, extensions will only be granted for a maximum of two weeks from the original assignment submission date.  Extensions will only be granted in cases of genuine extenuating circumstances and proof, such as a doctor’s certificate, may be required.
    • Failure to submit: Failure to submit an assignment on time or by the agreed extension deadline may result in penalties and may incur a fail grade.  Note that a late penalty of 5% of the total available marks for that assessment item will be incurred each day an assignment is handed in late (Unless otherwise stated in section 5.2 or 5.3) Assignments handed in after 14 days from the due submission date will fail even if a 100% mark is granted for the work.
    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.

  • 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’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.