ACCTING 7025 - Accounting Essentials for Decision Makers (M)

North Terrace Campus - Trimester 2 - 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 7025
    Course Accounting Essentials for Decision Makers (M)
    Coordinating Unit Adelaide Business School
    Term Trimester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Course Description 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.
    Course Staff

    No information currently available.

    Course Timetable

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

  • Learning Outcomes
    Course Learning Outcomes
    1. Explain and apply accounting information to facilitate decision-making.
    2. Analyse and interpret financial statements.
    3. Explain the planning and control functions of management accounting and describe management control systems.
    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

    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.

    2

    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.

    2

    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.

    1, 2

    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.

    3

    Attribute 7: Digital capabilities

    Graduates are well prepared for living, learning and working in a digital society.

    1, 2 & 3

    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.

    1
  • Learning Resources
    Required Resources
    Textbooks:

    Accounting: An Introduction, 8th Edition, Atrill, P., McLaney, EJ, Harvey, D, Cong, LM, 2021, Pearson, Melbourne (ISBN: 9781488625695)
    Online Learning


  • Learning & Teaching Activities
    Learning & Teaching Modes
    Classes will provide students with material that covers both financial and management accounting. The classes will also discuss exercises in relation to the topics.
    Workload

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

    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 regular classes.

    Students in this course are expected to attend all classes throughout the trimester.
    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
    Assessment Task Task Type Time Weighting Learning Outcome
    Test 1 Individual

    week *

    10% 1
    Test 2 Individual week * 25% 3, 4
    Assignment Group Week * 15% 2 & 3
    Final Exam Individual During Central Exam Period 50% 1,2,3 &5
    * Specific time of the assessment is available at the MyUni course homepage. The scope, nature, and other information regarding the assessments are available on the MyUni course homepage.
    Assessment Related Requirements
    Assignment Guidelines including Referencing Details
    A copy of the Postgraduate Programs: Communication Skills Guide is available to students. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from http://www.adelaide.edu.au/professions/hub/downloads/Communication-Skills-Guide.pdf .

    This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.

    In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)

    The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.

    Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided in the Communication Skills Guide.
    Assessment Detail
    The course will include the following assessments:
    • Test 1
    • Test 2
    • Group assignment
    • Final Examination
    The groups will be formed in the seminar classes for the group assignment project.

    The specific time, coverage, and other information regarding the assessments are available at MyUni course homepage.

    The final exam time will be available at the University of Adelaide Exam timetable.
    Submission
    Presentation of assignments

    All work is to be submitted online. Instructions will be provided with the detailed assessment information.

    Please retain a copy of all assignments submitted for assessment.
    Assignments may not be accepted if they do not have a signed acknowledgement of the University’s policy on plagiarism: http://www.adelaide.edu.au/policies/230

    Students must not submit work for an assignment that has previously been submitted for this course or any other course without prior approval of the lecturer-in-charge.

    Late assignment submission

    Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons.

    All requests for extensions must be emailed to the lecturer-in-charge of the course a minimum of 5 days before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by 20% of the total assignment mark for each day that it is late.

    Return of assignments

    Markers aim to ark and return assignments to students within two (2) weeks of the due date with written feedback. Marked research assignments will be returned to students via MyUni.
    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.