最新糖心Vlog

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Teaching Staff:

Name: Dr Anton Jordaan

Short Bio:
Anton Jordaan was originally trained as an accountant and tax specialist.

Five years after setting up an accounting and tax consultancy, he sold his shares to his partners and set out to establish, grow and harvest a number of business ventures in the education and training space.

In subsequent years, one of his businesses was acquired by a stock exchange listed company; and a few years later his business was involved in an IPO. Following the IPO he served as a director of this newly listed company for 2 years.


Email: anton.jordaan@adelaide.edu.au

Phone: As I travel overseas often, email is my preferred method of contact.

Opening intensive:
Wednesday 31st August and Thursday 1st September 2016
9am-6pm
Horace Lamb, 422, Teaching Room
 
Closing intensive:
Tuesday 4th and Wednesday 5th October 2016
9am-6pm
Petroleum Engineering, G04 Teaching Room

The key learning objectives of this course are:

1. A pragmatic introduction to accounting concepts and practice.
2. Demonstrate a basic understanding and ability to understand accrual accounting and financial statements.
3. Interpret and use financial and management accounting reports at a managerial level.
4. Understand several internal management reporting concepts, such as costing systems, financial planning and budgeting, breakeven, contribution margin and cost-volume-profit analysis.
5. Understand concepts of financial management including short-term liquidity and management of working capital.
6. Understand the links between accounting and planning, control, accountability and decision making functions within organisations.
7. Understand the decision making process for long-term investments in project management and innovative new ventures.
8. Understand the fundamentals of financing new and innovative projects or ventures.
9. Understanding of interpretation and use of financial and management accounting reports at a decision making or at a managerial level.
10. Undertaking group assignments (if applicable) will take learning into the realm of actual decision making and require the sharing of tasks, schedules, co-ordination of work between people.

Text book:

Atrill, Peter, Eddie McLaney, David Harvey, Maurice Jenner. (2015), Accounting: an introduction. 6th Edition. Frenchs Forest NSW: Pearson Education 最新糖心Vlog.  ISBN: 9781486008797

(Please ensure that you obtain the 最新糖心Vlogn edition and not the NZ or International edition). 
The previous 最新糖心Vlogn editions (3rd, 4th or 5th) will also be fine to use.

Titman, Sheridan, John D. Martin. 2008. Valuation: the art and science of corporate investment decisions. Boston: Pearson Education.

Project Finance Magazine. Complete package of news, analysis, comment and statistics. All seamlessly delivered through traditional and modern media channels. Subscription includes 10 print issues a year, industry sector tailored alerts delivered direct to mobile device or PC, weekly e-news alert, full access to Project Finance magazine online including fully searchable archive dating back to 1999.


Library Resources
The 最新糖心Vlog of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the 最新糖心Vlog’s website. The 最新糖心Vlog Library web page is:
From this link, you are able to access the Library's electronic resources.

Other resources
If you are a member of the PMI ( ) you will “gain exclusive access to PMI publications and our global standards*, networking options with our chapters and online communities of practice, and leadership and volunteer opportunities. You’ll also receive discounts on certification exams and renewals, as well as our professional development offerings.” Student membership is USD$40 to join and USD$30 to renew.

* Log in to access complimentary read-only PDFs of all of PMI's published standards or take advantage of discounts on paperback editions

MyUni is the 最新糖心Vlog of Adelaide's online learning environment. It is used to support traditional face-to-face lectures, tutorials and workshops at the 最新糖心Vlog. MyUni provides access to various features including announcements, course materials, discussion boards and assessments for each online course of study (see: )

This course is offered in blended learning mode with the face-to-face component offered as intensives.

As a guide, a 3 unit course comprises a total of 156 hours work (this includes face-to-face contact, any online components, and self directed study).

This is a draft schedule and session dates are a guide only. The timetable may be changed during the course delivery if necessary.

Intensive	Content	Readings
1	The Nature of Accounting	Atrill Chapter 1 & 2
	Introduction to Financial Statements	Atrill Chapter 3 & 4
2	Financial Statements: Cash Flow Statement	Atrill Chapter 5
	Analysis of Financial Statements	Atrill Chapter 6
3	Sources of Finance	Atrill Chapter 2 & 14
	Working Capital Analysis Budgeting & Planning	Atrill Chapter 13 Atrill Chapter 9 & 10
4	Cost concepts	Atrill Chapter 7 & 8
	Capital Investment decisions	Atrill Chapter 11

Students are requested to bring a basic calculator to class in addition to their textbook. The textbook is used extensively during intensive sessions, so ensure you obtain one. As indicated before, the 3rd, 4th, or 5th 最新糖心Vlogn edition of the prescribed text will suffice.

An overview of the course assessment appears in the following Table. Details appear in the following section:

#	Assessment	Length	Weighting	Due Date	Learning Outcomes
1	Income Statement & Balance Sheet	Reports and Notes	30%	See MyUni	1,2,3,6
2	Annual Report - Group Assignment	3000 words	30%	See MyUni	1,2,3,5,9,10
3	Project Evaluation Assignment	2500 words	30%	See MyUni	1,3-9
4	Workshop participation and team presentations	N/A	10%	See MyUni	1-7,9-10
	Total		100%

Students should attend all classes in order to pass the course. There is considerable experiential learning in workshops during the intensive classes that build your knowledge and thus enable you to be successful in this course.  

Course results are subject to moderation by the ECIC Board of Examiners

Appropriate use of the Internet in assignments

The purpose of this document is to assist students with appropriate use of the material they have accessed on the Internet in assignments. The Internet is a wonderful source of information and sometimes students are not aware of how to use it properly. For example, a recent case had over 70% of words copied from over 20 other sources. Furthermore, many students think this is the appropriate use of the Internet.

IT IS NOT.

Due to an increasing number of students infringing the 最新糖心Vlog’s Academic Dishonesty Requirements within the Master of Applied Project Management, a more rigorous method of checking assignments is used.

There is a hierarchy of penalties, the lowest of which is the loss of some assignment marks and the student’s name being placed on the Faculty’s Academic Dishonesty Register for six months. This only occurs if I believe this occurred through error. The second level penalty is more significant which is loss of all marks for the assignment and being placed on the 最新糖心Vlog’s Academic Dishonesty Register for the remainder of their time at the 最新糖心Vlog. Even higher penalties can involve the 最新糖心Vlog deciding the student should not graduate. This has occurred in the Master of Project Management.

Appropriate use of the Internet is to include all directly copying of sections of other reports in ‘inverted comas’, as a quotation, and note the source of the quote. To include a group of words without use of inverted commas and without noting where the words came from is an example of academic dishonesty.

Students may not be aware that the 最新糖心Vlog has use of an international database called Turnitin in which all direct use of other material can be traced.

On a more positive note students need to understand the points made in any paper they access on the Internet and integrate these thoughts into their argument rather than just copying large passages. Of course this takes more work but this is what tertiary education requires and, in the end, make students into better thinkers and more able to express their ideas in their assignments.

Assessment 1: Income Statement & Balance Sheet - Minuteman Printers Pty Ltd
Weighting: 30%
Submission Details: Online through MyUni in PDF format

Task:
Prepare an Income Statement and Balance Sheet as at 30 June 2014 for Minuteman Printers Pty Ltd

Minuteman Printers Pty Ltd is a supplier of a range of printed material to businesses and organisations. The business is located in Thebarton, South 最新糖心Vlog.

Prepare an Income Statement (P&L) which includes allocation of income and expenses, and a Balance Sheet for Minuteman Printers in vertical format for the period ended 30 June 2014. Prepare your work on excel using a spreadsheet. 

Note these accounts are for internal reporting only and is not a Trial Balance (for those who have an accounting background or access to an advisor). 

You may need to research the Income Statement and Balance Sheet layouts and adjustments from other sources other than the textbook; however, the wider references provided in your course material contain the relevant accounting information.

You are provided with the following balances extracted from Minuteman’s General Ledger at 30.6.2014:

	All amounts in $
Accounts payable	217,500
Accounts receivable (debtors)	272,000
Advertising expense	17,000
Allowance for doubtful debts	30,600
Amortisation of goodwill	7,000
Amortisation of R&D	10,000
Asset revaluation reserve	140,000
Bad debts expense	19,000
Carrying amount of delivery vehicle sold	20,000
Cash	135,000
Cost of Goods Sold	2,165,100
Current income tax liability	128,610
Depreciation of motor vehicles	62,000
Depreciation of office furniture	33,000
Design Services rendered	185,000
Freight In	11,075
Freight Out	22,000
General reserve	275,000
Goodwill (at cost)	108,000
Gross proceeds on sale of delivery vehicle	31,000
GST compliance fee	22,800
Accumulated amortisation – goodwill	7,000
Accumulated amortisation – R&D	10,000
GST owing	28,800
Income tax expense for the current year	128,610
Depreciation of retail store equipment	8,000
Depreciation of retail store	25,000
Insurance expense	42,000
Interest expense	4,200
Interest payable	1,500
Inventory	415,000
Land (cost)	300,000
Mortgage loan payable	202,500
Motor vehicles (at cost)	436,000
Office furniture (at cost)	72,000
Prepaid Insurance	8,500
Prepaid rent	6,500
Provision for ordinary dividend	80,000
Provision for preference dividend	40,000
Rates expense	15,000
Rent expense	36,200
Rental from sub-lease agreement	12,000
Research & Development (R&D) costs	80,000
Retail store (at fair value)	925,000
Retained Income (after dividends and reserve transfer at 30.6.2013)	130,000
Salaries - Administrative staff	354,000
Salaries payable	31,000
Sales commissions marketing staff	406,000
Sales discount allowed	15,000
Sales (turnover)	3,550,075
Sales staff vehicle expenses	38,000
Share issue costs	27,000
Retail store equipment (at cost)	93,000
Accumulated depreciation – motor vehicles	180,000
Accumulated depreciation – office furniture	38,000
Accumulated depreciation – retail store equipment	27,000
Accumulated depreciation – retail store	25,000
Preference share capital (400,000 shares issued at $2 each)
Ordinary share capital (300,000 shares issued at $1 each)

Scope:
This assignment will assess your understanding of the course topics 1-2

Length and Presentation:
You need to submit an Income Statement, Balance Sheet and Notes page in pdf format

Criteria by which your assignment will be marked:

FEATURE	WEIGHTING %
Produce an Income Statement (P&L) that contains all the revenue and expense items	30%
Produce a Balance Sheet that contains all the provided Asset, Liability and Equity items	30%
Notes - quality of explanatory text	15%
Format /layout, clear presentation and quality of response	15%
Work that comes to a logical answer (not necessarily examiners)	10%
Total	100%

Assessment 2: Annual Report - Financial Statement Analysis - Group assignment
Weighting: 30%
Submission Details: Online through MyUni in PDF

Task:
Obtain the annual report of a selected company. Company reports can usually be obtained from their website under the heading of “Investor Relations”.

Using the financial reports, you are to undertake an analysis of the cash flow, financial performance and financial position of the company, considering liquidity, gearing, profitability and operations management. Your focus should be advising a potential investor who is currently considering investing in the selected company. A separate analysis of the cash flow statement is required.

Concentrate in your analysis on the last two reporting years as this is the most current date. However, use five years data to graph major trends where meaningful for your analysis.

You should consider the performance of the company in the eyes of investors; that is, make recommendations as to the better investment opportunity based on your assessments of the performance of the company. Use comparative data from competitors, or industry averages to enhance your analysis, interpretation and recommendations.

Share performance details can be obtained from the website of the stock exchange where the company’s shares have been listed.

You may use any of the techniques and ratios discussed in the course. Comment on the results of your analysis. Please do not include the financial statements in your report as they are usually available on a website.

The company to be analysed must be approved by the lecturer before commencing the project (do not select construction companies, banks, or insurance companies).

Scope:
This assignment will assess your understanding of the course topics 1 through 4

Length and Presentation:
Maximum 3,000 words. Please include a word count on the front page of your assignment.
Excess words will not be marked.

Criteria by which your assignment will be marked:

FEATURE	WEIGHTING %
Liquidity analysis and interpretation	15%
Gearing analysis and interpretation	15%
Profitability analysis and interpretation	15%
Analysis of statement of cash flows	15%
Potential shareholders’ perspective	10%
Comparison of form and content of financial reports	10%
Readability, bibliography, and referencing	10%
Presentation of report: Executive Summary, Conclusion, Tables, etc.	10%
Total	100%

Assessment 3: Project Evaluation Assignment
Weighting: 30%
Submission Details: Online through MyUni in PDF

Task:
You are required to submit a project report that describes and evaluates three project alternatives, using the project evaluation techniques discussed in this course. The project alternatives may be hypothetical. Assume you are writing a proposal to your Board of Directors.

Your analysis should include brief estimates of projected revenues and costs of productions and use Discounted Cash Flow analysis, using a justified discount rate to give Net Present Values of 3 alternatives of a capital investment project as well as determine the Internal Rate of Return. Description of the project alternatives should be less than 1 page.

The layout and content should include:

a) Prepare a clear definition of the objectives of the project and, where practical, this should be related to the current strategies of the organisation.
b) The formulation of options to achieve the objectives (e.g. set up a manufacturing plant at locations in countries A, B, or C). Three investment alternatives should be compared.
c) A formulation of the detailed costs and benefits of the options.
d) Calculate the cost of capital (debt / equity).
e) Evaluate each option using DCF techniques (use a minimum period of 5 years and justify the discount rate used).
f) Evaluation of the risks of the project.
g) Recommendation of the most economic option and discussion of any non-financial factors relevant to your decision.

The assignment report should be brief and to the point.

Suggested format for your report.
To ensure adequate coverage of the topic the following format is suggested for your report:
· Executive summary
· Table of contents
· Introduction (not more than one page for introducing the project)
· Discussion of options
· Cost of capital assumptions and calculations (debt/equity costs)
· Description of the costs and benefits of the project
· Evaluation of the project – e.g. DCF calculations to give NPV and IRR
· Evaluation of the risks of the project
· Recommendations
· Bibliography

Scope:
This assignment will assess your understanding of the course topics 1 through 9

Length and Presentation:
Maximum 2,500 words. Please include a word count on the front page of your assignment.
Excess words will not be marked

Criteria by which your assignment will be marked:

FEATURE	WEIGHTING %
Description of project	10%
Cost and benefits analysis	10%
Basis for selecting the cost of capital	5%
Evaluation of project with DCF methods	20%
Evaluation of risks	20%
Recommendations	15%
Readability, bibliography, and referencing	10%
Presentation of report: Executive Summary, Tables, etc.	10%
Total	100%

Assessment 4: Workshop participation and team presentations
Weighting: 10%
Details: As per lecturer’s request

Task:
This assessment will assess your participation during the course. This may include presentations group discussions and contributions in peer learning activities.

Scope:
Practical activities will be conducted in an interactive learning environment.

Length and Presentation:
Not applicable

Criteria by which your assignment will be marked:
Students are required to attend intensive classes and participate in class discussions and presentations.

All text based assignments must be submitted via MyUni.
Please refer to step by step instructions:

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 submit, separate to your assignment, the completed 最新糖心Vlog 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:  Any request for an extension of time for the submission of an assignment 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 extenuating circumstances and proof, such as a doctor’s certificate, may be required.
• 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.