ACCTING 7019 - Accounting Concepts and Methods (M)
North Terrace Campus - Semester 1 - 2016
General Course Information
Course Code ACCTING 7019 Course Accounting Concepts and Methods (M) Coordinating Unit Business School Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Available for Study Abroad and Exchange Y Corequisites COMMERCE 7033 Incompatible ACCTING 7000 Course Description 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.
Course Coordinator: Dr Sabine Schuhrer
The full timetable of all activities for this course can be accessed from Course Planner.
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
Hoggett, J., Medlin, J., Edwards, L., Chalmers, K., Hellmann, A., Beattie, C., and Maxfield, J. (2015), Financial Accounting, 9th Edition, John Wiley & Sons.
Accounting Manual Practice Sets – Further information will be provided at a later date.
In this course, we may use articles from the financial press to illustrate the concepts discussed and for the research assignment. 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.
Use of the internet:
Accounting Concepts and Methods (M) will make use of various internet sites which are accounting related. Access to the internet can be via the library or various computer pools located within the university.
Online LearningMany course resources are available on the course website: www.myuni.adelaide.edu.au, including:
- Lecture and tutorial documents;
- Sample mid-semester test with suggested answers; and
- Research Assignment and Manual Practice Set related documents.
Learning & Teaching Activities
Learning & Teaching ModesLectures
Lectures will provide students with accounting concepts that underpin all accounting procedures, and give explanations and examples of analysing, recording, and summarising accounting information in formats suitable for users to make economic decisions. The material presented will be expanded and reinforced in tutorials the following week.
Tutorial classes will be held weekly commencing Week 2, the week beginning Monday 9 March. Each tutorial will be for two hours. Tutorial questions are included in the handout for each topic and reinforce the material covered in lectures the previous week, both as discussion questions and numerical questions. The tutorials include three types of questions:
1. Questions to be prepared
These questions should be prepared before the tutorial and will be briefly discussed at the beginning of each session. Please note that tutors expect that you are prepared and will not provide detailed answers.
2. Questions to be done in class
These questions are done in-class, often as group activities. No extra preparation is required.
3. Self-study questions
Solutions to self-study questions are provided on MyUni. These questions will only be discussed if requested by students for clarification of specific issues.
Membership of tutorial classes is to be finalised by the end of the second week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Lecturer-in-Charge, but should be aware that such a request may not be approved.
Tutorials are an important component of your learning in this course and you are strongly encouraged to participate. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.
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 lectures throughout the semester plus one tutorial class and one workshop each week
Learning Activities SummaryAccounting Concepts and Methods (M) covers the topics outlined below. Topics include: accounting information in its decision making context; accounting systems and the accounting cycle; external financial reports; accounting for assets; different organisational structures; and financial statement analysis. Detailed information will be provided to enroled students at the beginning of the semester.
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 Due Date and time Weighting Related Learning Outcome Research Project
15 % 1, 2, 3, 5 and 6 Test
TBA 15 % 1 to 5 Practice Set:
Formative and Summative
Refer to Practice Set information 10 % 1, 2, 3 and 5 Final Examination
Date to be confirmed; 3 hours plus reading time 60 % 1 to 5 Total 100 %
Further information about assessments will be provided to enrolled students at the beginning of the semester.
Assessment Related RequirementsTo gain a pass for this course, a mark of at least 50% must be obtained on the final examination as well as a total of at least 50% overall result.
Students not achieving the minimum final examination mark will be awarded no more than 49 for the course.
No information currently available.
No information currently available.
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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This section contains links to relevant assessment-related policies and guidelines - all university policies.
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- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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