ACCTING 2502 - Accounting Method

North Terrace Campus - Winter - 2020

This course extends the understanding of the method of double-entry accounting. It is designed to provide students with advanced accounting skills required to be able to prepare classified financial statements (in particular the Income Statement and the Balance Sheet) from initial transactions through to adjusting entries and next period entries. In addition are specific topics including inventories, accounts receivables, non-current assets, liabilities and equity. There is an emphasis on the understanding of the connection between topics and the Framework for the Preparation and Presentation of Financial Statements and relevant accounting standards (AASBs).

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Course Details

Course Code	ACCTING 2502
Course	Accounting Method
Coordinating Unit	Adelaide Business School
Term	Winter
Level	Undergraduate
Location/s	North Terrace Campus
Units	3
Contact	Up to 3 hours per week
Available for Study Abroad and Exchange	Y
Prerequisites	ACCTING 1002,
Corequisites	CORPFIN 1002
Incompatible	ACCTING 1005
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Dr Max Bessell

Course Timetable

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

Course Learning Outcomes

On successful completion of this course, students will be able to:

1. Demonstrate the nature and processes of accrual accounting and demonstrate the accounting processes from initial transactions through to preparing the Income Statement and Balance Sheet.

2. Demonstrate a comprehensive and applied knowledge of accounting for GST, equity, inventories, accounts receivable, non-current assets and liabilities.

3. Prepare a Statement of Changes in Equity.

4. Examine the Framework for the Preparation and Presentation of Financial Statements and accounting standards (AASBs) as they relate to the topics covered.

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)	1,2,3,4
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	1,2,3,4
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	1,2,3,4

Learning Resources

Required Resources

Hoggett, J, Medlin, J., Chalmers, K., Beattie, C., Hellmann, A. & Maxfield, J. 2018. Financial Accounting, Wiley, Milton, Queensland, 10th edition.
Learning & Teaching Activities

Learning & Teaching Modes

The course is delivered through a mixture of online and face to face delivery. Topics 1, 2, 3, 4, 6 and 7 are online where the lecture time becomes interactive applied sessions. Topics 5, 8 and 9 use the traditonal lecture approach. All topics are supported by worked tutorial questions/solutions. The tutes time are used to provide formative assessment where students are provided with exam type questions/solutions.

Workload

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

The amount of work required in the course should not be underestimated. Students need to be organsied in the manner of their learning and ensure that they understand the application of knowledge. This is particulary relevant for the online deliveries where students need to be proactive with their learning and ensure that they keep up to date.

Learning Activities Summary

No information currently available.

Specific Course Requirements

Introductory Accounting I (or its equivalent) is a pre-requisite for this course. Students who have enrolled in Accounting Methods but have not met the prequisite will be removed from the Accounting Methods II.

The 最新糖心Vlog'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 Summary

Assessment Task	Task Type	Due	Weighting	Learning Outcome
Topic Tests (online) x10	Individual	Every session	50% total (5% each)	All
Online exam	Individual	Exam Period	50%	All
TOTAL			100%

Assessment Detail

The 10 topic tests will be adminstered through MyUni
The final exam will also be online.

Submission

All but one assessment is either invigilated tests/exams or online test. The Assignment is to be submitted through 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
This section contains links to relevant assessment-related policies and guidelines - all university policies.
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.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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