ACCTING 7025OL - Accounting Essentials for Decision Makers (M)

Online - Trimester 1 - 2022

This course introduces students to both financial accounting and management accounting. It provides an overview of accounting concepts and principles, the major external financial accounting reports and accounting systems and the accounting cycle. Management accounting tools of costing and budgeting are introduced, as well as performance analysis and capital investment decisions. Students are also provided with the tools for analysing and interpreting the financial statements of an organisation and managing the working capital and long term financing of the business.

  • General Course Information
    Course Details
    Course Code ACCTING 7025OL
    Course Accounting Essentials for Decision Makers (M)
    Coordinating Unit Accounting
    Term Trimester 1
    Level Postgraduate Coursework
    Location/s Online
    Units 3
    Available for Study Abroad and Exchange Y
    Course Staff

    Course Coordinator: Dr Mahmud Al Masum

    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. explain accounting concepts and the structure and purpose of financial statements.

    2. analyse and apply accounting information to facilitate decision making.

    3. explain and apply the concept of relevant costing to a range of decision making situations.

    4. explain and apply flexible budgeting as a means of exercising control and assist in decision making in a business.

    5. create and evaluate investment proposals within a business environment.

    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.

    1 & 2

    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.

    3 & 5

    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.

    4 & 5

    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.

    3 & 5

    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.

    2 & 5

    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.

    4 & 5
  • Learning Resources
    Required Resources
    Textbooks:

    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:

    eBook pack: https://au.cengage.com/c/isbn/9780170293105
    10% discount code cod: EDU10

    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
    The course is taught entirely online.

    The ACCTING 7025OL (Accounting Essentials for Decision Makers M) is offered in an online platform. The objective of this course is to provide an introductory knowledge of financial accounting and managerial accounting.

  • Learning & Teaching Activities
    Learning & Teaching Modes

    No information currently available.

    Workload

    No information currently available.

    Learning Activities Summary
    Topic list

    1. Introduction of accounting
    2. Financial statement
    3. Recording accounting transactions
    4. Non-current assets and intangible assets
    5. Financial statement analysis
    6. Management accounting, Costs, Cost-volume-profit analysis
    7. Activity-based costing and Relevant costs
    8. Cost planning – Budgets and variance analysis
    9. Performance management system – Balanced Scorecard
    10. Capital investment decisions and sustainability


  • 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
    All assessments of this course are conducted at MyUni online platform. This course will have the following assessments:

    Assessment Task Task Type Time * Weighting Learning Outcome
    Test 1 Individual Week 4 * 10% 1, 2, 3
    Case study 1 Group Week 6 * 10% 3, 4, 5
    Test 2 Individual Week 8 * 25% 1, 2, 3
    Case study 2 Group Week 11 * 15% 3, 4, 5
    Case study 3 Individual Week 12 * 15% 1, 2, 3
    Test 3 Individual Week 14 * 25% 1, 2, 3, 4
    100%


    * Specific time and other details will be informed at MyUni Course Homepage
    Assessment Detail
    The ACCTING 7025OL (Accounting Essentials for Decision Makers M) is offered in an online platform. This course will have the following assessments:     
    I.   Three tests 
    II.  Three case studies

    The three tests will be spread over the semester. These will involve both conceptual and analytical questions. Some questions will require calculations to identify the correct answer. Each test will cover a specific set of chapters and relevant materials. The test will be available at MyUni course homepage. Once logged at the test module of the MyUni, a student will get a specified time to complete the test. A test cannot be paused or retaken. The specific date, time and scope of the tests will be notified at MyUni at the first week of the semester.

    Three case study assignments will be provided to the students. Each case study will require students analyse a case or financial statement to answer a set of questions. Case study 1 and 2 are required to be complete in a group of 4 students. The groups will be formed by the MyUni system and there will be a discussion forum for each group. The case study 3 will be done individually. The three case studies will be spread over the semester. Each case study will cover a specific set of chapters and relevant materials.  The time and scope of the case studies will be notified at MyUni at the first week of the semester.
     
    None of the assessment in this course is redeemable.
    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.

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