最新糖心Vlog

ACCTING 7019 - Accounting Concepts and Methods (M)

North Terrace Campus - Semester 1 - 2020

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 最新糖心Vlogn stock exchange listed company.

  • General Course Information
    Course Details
    Course Code ACCTING 7019
    Course Accounting Concepts and Methods (M)
    Coordinating Unit Adelaide Business School
    Term Semester 1
    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
    Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture
    Course Staff

    Course Coordinator: Dr Wei Li

    Teaching in Semester 1

    Dr. Wei Li
    The 最新糖心Vlog of Adelaide Business School
    Level 13, Room 13.31
    10 Pulteney Street
    The 最新糖心Vlog of Adelaide, AUSTRALIA 5005
    Ph : +61 8 8313 0508
    e-mail: wei.li02@adelaide.edu.au
    Web: /directory/wei.li02


    Teaching in Semester 2

    Dr. Wei Xu
    The 最新糖心Vlog of Adelaide Business School
    Level 13, Room 13.25
    10 Pulteney Street
    The 最新糖心Vlog of Adelaide, AUSTRALIA 5005
    Ph : +61 8 8313 8124
    e-mail: wei.xu01@adelaide.edu.au


    Course Timetable

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

  • 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 最新糖心Vlogn 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 最新糖心Vlog and relevant accounting practices.
    5 Communicate accounting information and research findings in a professional manner.
    6 Critically reflect on own learning.
    最新糖心Vlog Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    最新糖心Vlog 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, 2, 3, 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
    2
    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, 6th Edition by Carlon, Mladenovic-McAlpine, Lee, Mitrione, Kirk and Wong.
    To increase your success in this course you should have WileyPlus associated with the text. From this link 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 最新糖心Vlogn Financial Review is the most comprehensive financial newspaper in 最新糖心Vlog.

    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: , including:
    • Lecture and tutorial documents;
    • Sample exams and suggested solutions; and
    • Assessment task related documents.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    Design of this course is based on facilitating learning in an environment where you are actively engaged by applying abstract concepts to practical problems that are meaningful to you. By giving you a range of activities and time to reflect on what you have learnt you get the opportunity to build up a good understanding which you can demonstrate through assessment tasks at appropriate times throughout the semester. The course design has been well thought out to help you learn but it will only work if you put the effort in and work consistently throughout the semester. If you do work consistently there is no reason why you will not do well.

    There are four key activities:

    1. Pre-class activity – Preparation
    Each week you should read through the appropriate chapter of the text book before the lecture. Do this online by following the link in the weekly module on MyUni. Read the eBook and watch and do the interactive activities. These are often a series of slides and animations with audio which explain key concepts followed by something for you to do. You are not expected to be able to do activities 100% correctly at this stage but you should at least watch and attempt them as it will give you a broad overview of the weekly topic which enables you to get maximum benefit from the following lecture and tutorial time. After  reading the relevant chapter and activities you should also have a first attempt at the relevant online activity.

    2. In-class activities – Understanding
    Having completed the preparation you can come to the lecture and tutorial ready to actively listen and participate in discussion and activities. The lecturer or tutor will not need to labour the key terms, as they were covered in the preparation and minimal explanation should see you grasp these concepts. Examples will be worked through, questions asked and answered, concepts compared, discussed, and relationships formed with previous work. This will build up your body of knowledge and understanding.  All of the weekly material will be not be covered in each class. The activities are designed so that you can use the skills you have learnt to answer the remaining questions. A guide for students is provided at the end of each week to assist in your revision.

    3. Real World application – Consolidation
    Many of our examples use simplified data to enable understanding. The real test comes in applying the concepts you have learnt to real company annual reports. What this does is take an abstract concept demonstrated in simplified examples in the textbook and lectures/tutorials and illustrates that concept in its full complexity in a real world setting. You are given activities to do in the Research Project with real annual reports; such as finding key elements and calculating key ratios. Through applying your knowledge in this way, you will consolidate your understanding. The research project is a team activity. You should approach this as a “team” and work closely together to find the required information and discuss your annual reports. Much can be learnt through helping each other to discover items and through discussing concepts.

    4. Assessment - Demonstration
    At various points throughout the semester and ultimately at the end of semester you will complete assessment tasks. These are individual and team tasks and the final exam which gives you an opportunity to demonstrate that you have achieved the learning outcomes of the course. In addition, and most importantly, you get feedback and find out which concepts you are struggling with so that you can work on these areas.
    Workload

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

    The 最新糖心Vlog 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 each week.
    Learning Activities Summary
    1. An introduction to accounting (and introduction to the general purpose financial statements and the Conceptual Framework)
    2. The recording process
    3. Accrual accounting concepts
    4. Inventories and reporting and analysing inventory
    5. Accounting information systems
    6. Reporting and analysing cash and receivables
    7. Reporting and analysing non-current assets
    8. Reporting and analysing liabilities
    9. Accounting and analysing equity
    10. Cash flow statements
    11. Analysing and integrating GAAP (an in-depth look at the Conceptual Framework)

    An outline for each topic will be made available on MyUni.
  • Assessment

    The 最新糖心Vlog'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
    ASSESSMENTS DUE DATE WEIGHTING LEARNING OUTCOMES
    Weekly Multiple Choice Questions It is suggested that you completed these before the lecture every week, then use them to practice and gain more marks up until the end of week 12. Your highest score from each attempt counts towards your final grade. 5% 1, 3, 4
    Six Fortnightly Online Extended Activities Weeks 3, 5, 7, 9, 11, and 13. 15% 1, 3, 4
    Research Project Week 8 (to be confirmed - see handout on MyUni) 20% 2, 3, 4, 5, 6
    Final Examination Date to be confirmed - 3 hours + reading time (10 minutes) 60% 1, 3, 4, 5
    TOTAL 100%
    Assessment Related Requirements
    To 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.


    Assessment Detail
    Weekly Online Activities 5%
    Each week you can test your knowledge with the online activity. You may do these as often as you like and there is no time limit. This activity is designed to help you to understand the course content and is not a test of your understanding. You are encouraged to try the activities after reading the text to gauge how much you understand and again after having completed the relevant tutorial. You will be notified of the suggested time you should first attempt these on MyUni, however please note that you may attempt them multiple times up until the end of week 12. You should refer to your text and notes and discuss issues with your fellow students which will aid your understanding of the content.

    Six Fortnightly Online Extended Activities 15%
    In the relevant week at a designated time you will get a short online activity. This will be a timed activity and is designed for you to test your knowledge of the previous weeks’ content. This will give you timely feedback on your level of understanding.

    Research Project 20%
    The research project brings together the key concepts that you have learnt in the early weeks of the course and allows you to demonstrate your knowledge in a real world context through the use of company annual reports. This project will be worked on in team of four (4) and should be approached as a “team” event. That is, everyone working together and helping each other to discuss the requirements and derive an outcome. An excellent project will be one that is presented in a professional manner, provides the information asked for, and is seamlessly put together and not dis-jointed. Extensive guidance will be provided on the project requirements.

    Final Exam 60%
    There will be a three-hour examination covering all topics studied in the course. The examination will be closed book. Students are not permitted to take a dictionary (English or English-Foreign) into the examination.  The use of a calculator that is incapable of storing text is permitted in the examination. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted because of poor hand-writing. The exam will consist of multiple choice, problem based and written questions. Sample exams and suggested solutions will be provided on MyUni.
    Submission
    Presentation of the Research Project
    A copy of the Business School's Communication Skills Guide may assist you in preparing your assignments.  A copy of this guide can be downloaded from /professions/students/professions-support-hub#documents-and-links This publication also provides guidelines on a range of other important communication skills including how to write essays and management reports, making oral presentations, short answer, 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. 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.

    Please retain a copy of all assignments submitted.

    The research project is submitted by one group member only via MyUni.

    Online submission confirms your acknowledgement of the 最新糖心Vlog’s policy on plagiarism (refer below to the Academic Honesty Policy under 'Policies and Guidelines'). Students must NOT submit work for an assignment that has previously been submitted for this course or any other course without prior approval from 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.

    If practical requests for extensions should 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) may be penalised by 20% of the total assignment mark for each day that it is late. Requests for extensions after the due date must be made with supporting documentation by completing the Application for Assessment Extension form within seven (7) days of the task due date.  If possible an alternative time to complete the assessment will be negotiated. The nature and form of the documentation to accompany a request for an extension must be in accordance with the instructions of the Modified Arrangements for Coursework Assessment (see below under 'Policies and Guidelines'). Students who fail to submit any piece of assessment and fail to provide adequate supporting documentation to the Course Coordinator will be awarded a score of zero for that component of the course assessment.

    Return of Assignments and Tests to students
    Online assessment tasks are marked automatically with results and feedback available on completion. We will aim to mark and return the research project to students within two (2) weeks of the due date with feedback. These will be marked online and available 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 .

  • Student Feedback

    The 最新糖心Vlog 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 最新糖心Vlog 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鈥檚 disciplinary procedures.

The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.