MANAGEMT 7126OL - Accounting and Financial Management
Online - Online Teaching 4 - 2022
General Course Information
Course Code MANAGEMT 7126OL Course Accounting and Financial Management Coordinating Unit Adelaide Business School Term Online Teaching 4 Level Postgraduate Coursework Location/s Online Units 3 Available for Study Abroad and Exchange N Course Description Throughout history, financial literacy has been the foundations for the prosperity of organisations, commerce and societies. The purpose of this course is to improve your financial literacy so you are able to assess the financial performance and financial standing of an organisation. You will be introduced to the language of accounting and key concepts, as well as the skills to interpret earnings statements, balance sheets, and cash flow reports. This course will also introduce you to key concepts for managing finances such as the time value of money, capital budgeting, how enterprises finance their capital expenditure and the risk-return paradigm.
Course Coordinator: Associate Professor Ashley MillerProgram Coordinator contact details: MBA Online
Name: Assoc. Prof. Graciela Corral de Zubielqui
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesOn successful completion of this course students will be able to:
1. Integrate ethical, compliance, and governance obligations of managers in organisations to contextualise managerial roles and responsibilities.
2. Investigate the nature and application of the four principal financial statements (i.e. the Income Statement, Statement of Financial Position, Statement of Cash Flows, and Statement of Changes in Equity) to inform managerial decision making.
3. Interpret quantitative and qualitative data to assess financial performance and position of an organisation.
4. Prepare budgets to make decisions about planning, controlling, and directing activities.
5. Apply recognised evaluation methodologies to make capital investment decisions.
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 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.
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.
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.
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.
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.
Required ResourcesThe following two resources are considered core texts for this course:
• Atrill, P., McLaney, E.J. and Harvey, D. (2018). Accounting for non-specialists. 7th Edition. Port Melbourne: Pearson Education Australia.
• Titman, S., Martin, T., Keown, A. & Martin, J. (2019), Financial Management: Principles and application. 8th Edition, Pearson Education Australia.
Recommended Resources• Trotman, K., Carson, E., Gibbins, M. (2019). Financial Accounting – an integrated approach. 7th Ed. Cengage Learning Australia.
Online LearningThis course is delivered over a six week period. "Time" is one of our most precious resources and to cover an MBA course in that time needs planning. Information can be found on the University's Student Wellbeing webpages under Study Tips, Time Management.
The course is more than absorbing information. The activities and interactions are designed to help you synthesise and be able to apply them. Discussion with other, sharing different perspectives through the tutorials and Discussion Board is a great way to hone your ideas, test interpretations and enjoy the journey.
Learning & Teaching Activities
Learning & Teaching ModesThe course introduces essential accounting and financial concepts to enable managers in organisations to function optimally in their roles as heads of departments, divisions, or organisations. The course explores key concepts through practical application of course activities and discussions in order for students to build relevant competence and to further develop the level of financial literacy required in non-financial specialist roles.
It is delivered online with the content and activities scaffolded toward completion of the four main assessments. The modules are designed to provide you with a framework from which to build your understanding through reading the material in the prescribed texts, other references, watching videos, responding to the activities by contributing to discussion, analysing case studies, and capturing your personal reflections and peer learning through interactions with other students including in the weekly online tutorial.
Your studies are supported by access to your Tutor and Student Success Advisor. This course is delivered in an online only teaching and learning mode.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.Students should allocate approximately 25 hours per week to accomplish the Learning Outcomes for this Intensive Course. In total the course is estimated to require 156 hours for completion.
Learning Activities SummaryThe learning activities consist of weekly quizzes, discussion forums, videos, scenarios, case studies, relections, and online tutorial sessions which align with the 6 modules of the course:
Schedule Module 1 Financial reporting and corporate governance requirements Module 2 Understanding financial statements — Part 1 Module 3 Understanding financial statements — Part 2 Module 4 Financial statement analysis, working capital analysis, and sources of finance Module 5 Cost concepts, budgeting, planning, and controlling Module 6 Capital investment decisions
Specific Course Requirements
Students will need to be able to:
- Navigate their way around this course environment.
- Use search engines to locate designated content on the internet.
- Download software applications to your computer.
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 SummaryThe assessment for this course is summarised below:
Assessment Task Due Length Weighting Learning Outcome Assessment 1: Preparing Financial Statements End of Week 3 n/a 35% 1,2 Assessment 2: Financial Statement Analysis End of Week 4 2,000 words 25% 1,2,3 Assessment 3A: Capital Investment Decision End of Week 6 2,500 words 30% 3,4,5 Assessment 3B: Reflection Journal End of Week 6 800 words 10% 1
Assessment Related RequirementsThe submission of all the assessments is a requirement to pass the course.
The assessment requirements for each assessment are as follows:
In the first assessment students are required to update a trial balance by considering the dual entry principle of a series of transactions and prepare a set of financial statements at year end. The financial statements will comprise an income statement, statement of changes in equity, and balance sheet, together with appropriate explanatory notes.
The second assessment builds on the knowledge of the first assessment by analysing annual financial reports through the use of financial ratios and other qualitative considerations. Students will have the opportunity to select two listed companies to analyse as potential suppliers/contractors and report back to the Board.
The third assessment applies capital decision-making evaluation through assessing three competing projects or opportunities that requires financing. Students are encouraged to utilise practical,workplace-based applications, alternately hypothetical scenarios can be created. A report is developed to justify the selection of the investment based on capital decision making rules.
The second part of assessment three (3B) is a reflection activity allowing students to reflect on what they have learnt in the course in relation to their participation as organisational leaders.
The University Assignment Cover Sheet with student details and the signed student declaration the the work is their own, and that the University has the right to access the electronic version of the assignment must be sumbitted with each assignment.
Applications for extensions must comply with University policy and submitted prior to the due date.
Late submissions will be subject to University policy.
Assessment DetailThe detail relating to the four assessments can be found in the "Assessment Summary" and "Assessment Related Requirements" sections above.
Assessment 1: Compiling Financial Statements
Assessment 1 provides students with the opportunity to compile a set of financial reports based on a scenario requiring greater engagement in senior management meetings. Students will develop their financial literacy by applying the accounting equation, compiling an income statement, statement of changes in equity, balance sheet, and appending notes to the financial statements.
The purpose of this assessment is to:
• Familiarise students with the typical financial accounting reporting statements used by managers in organisations
• Demonstrate an understanding of the definition, recognition, measurement, and classification of Assets and Liabilities, and the nature and classification of Owner’s Equity account categories
• Demonstrate an understanding of the definition, recognition, classification and measurement of Revenues and Expenses
• Assess typical decisions around the impact of transactions on the organisation’s financial performance, financial position, through application of the accounting equation.
Assessment 2: Financial Statement Analysis
The second assessment provides students with the opportunity to analyse, assess, and interpret the financial reports of two stock exchange listed companies. Students are free to select the companies they would like to analyse.
The purpose of this assessment is to:
• Familiarise students with the contents and presentation of annual financial reports of listed companies
• Analyse and interpret financial reports in order to analyse, interpret, and assess the financial position of a company in the context of entering a commercial relationship
Assessment 3A: Capital Investment Decision
This assessment has been designed to give students the opportunity to apply capital investment decisions to two scenarios of their choice by applying appropriate decision-making rules underpinned by discounted cash flow methodologies (e.g. NPV and IRR).
The purpose of the assessment is to ensure that students can make and communicate or influence capital investment decisions in their organisations by applying appropriate decision-making rules underpinning discounted cash flow methodologies (e.g. NPV and IRR).
Assessment 3B: Journal Reflection Activity
The purpose of this Journal is to capture your learning insights and understanding as a record of your learning journey through the MBA (Online) Program. These observations can help you to focus your Research Project for the maximum benefit for your learning.
This Task addresses the program learning outcomes 5 and 6 of integrating a range of complex concepts of leadership and core management disciplines so as to influence internal and external stakeholders; and generating and executing socially responsible ethical and future focused management and leadership solutions in ambiguous situations.
This Task addresses course learning outcome of integrating ethical, compliance, and governance obligations of managers in organisations to contextualise managerial roles and responsibilities.
All text based assignments must be submitted via MyUni.
Please refer to step by step instructions: MyUni Learning Centre
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 include in the assignment a 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: An application for Assessment Extension 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 medical, compassionate or extenuating circumstances.
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 'Assessment Related Requirements' or 'Assessment Detail' above). Assignments handed in after 14 days from the due submission date will fail even if a 100% mark is granted for the work.
Resubmission & Remarking
Resubmission of an assignment for remarking after reworking it to obtain a better mark will not normally be accepted. Approval for resubmission will only be granted on medical or compassionate grounds. All assignments must be submitted by Sunday night, 11:59pm of the week in which they are due.
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.
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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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