ACCTING 7019 - Accounting Concepts and Methods (M)

North Terrace Campus - Trimester 3 - 2018

This course introduces students to the fundamentals of financial accounting practice. Students' understanding of key accounting concepts, recording and measuring methods, and disclosure requirements will be developed. There is a focus on understanding the conceptual framework principles which sets students up for success in later accounting courses. Students will learn the process of identification, measurement, recording and communication of financial information through general purpose financial reports using the accrual bases of accounting. Specific issues relating to inventory, non-current assets, liabilities, and equity are examined. Research skills are introduced and students will perform practical research on an Australian stock exchange listed company.

  • General Course Information
    Course Details
    Course Code ACCTING 7019
    Course Accounting Concepts and Methods (M)
    Coordinating Unit Business School
    Term Trimester 3
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Corequisites COMMERCE 7033/CORPFIN 7033
    Incompatible ACCTING 7000
    Course Description This course introduces students to the fundamentals of financial accounting practice. Students' understanding of key accounting concepts, recording and measuring methods, and disclosure requirements will be developed. There is a focus on understanding the conceptual framework principles which sets students up for success in later accounting courses. Students will learn the process of identification, measurement, recording and communication of financial information through general purpose financial reports using the accrual bases of accounting. Specific issues relating to inventory, non-current assets, liabilities, and equity are examined. Research skills are introduced and students will perform practical research on an Australian stock exchange listed company.
    Course Staff

    Course Coordinator: Dr Bryan Howieson

    Course Timetable

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

  • Learning Outcomes
    Course Learning Outcomes

    On successful completion of this course, students will be able to:

    1 Identify, measure, record and communicate financial information for the purpose of providing general purpose financial reports in accordance with the Conceptual Framework and Australian Accounting Standards.
    2 Conduct research of a practical nature by sourcing data and using basic analysis techniques to make informed judgements.
    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 and research findings 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 - 5
    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
    6
  • Learning Resources
    Required Resources

    Text Books:
    During this course we will be making extensive use of the electronic resources associated with the text:
    Financial Accounting, 5th Edition by Carlon, Mladenovic-McAlpine, Palm, Mitrione, Kirk and Wong.
    To increase your success in this course you should have WileyPlus associated with the text. From this link http://www.wileydirect.com.au/buy/accting7019/ you can purchase the eText + WileyPLUS.

    Financial press:
    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.

    AASB Conceptual Framework and Standards:
    Other resources such as the Accounting Conceptual Framework and Accounting Standards will be provided on MyUni.

    Online Learning
    Many course resources are available on the course website: www.myuni.adelaide.edu.au, including:
    • Lecture and tutorial documents;
    • Sample exams and suggested solutions; and
    • Assessment task related documents.
  • Learning & Teaching Activities
    Learning & Teaching Modes

    No information currently available.

    Workload

    No information currently available.

    Learning Activities Summary

    No information currently available.

  • 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

    No information currently available.

    Assessment Detail

    No information currently available.

    Submission

    No information currently available.

    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.