The course extends the material in Business Reporting and Analysis. It provides detailed understanding of the technical aspects and concepts used in producing financial and management accounting reports. This includes cost assignment methods, the application of accounting principles and double-entry accounting systems for recording and reporting financial transactions.

Topics include: using journals and ledgers; application of accrual accounting; methods of income measurement and asset valuation; accounting for assets and liabilities; applying the principles of internal control; and an introduction to accounting for partnerships and companies.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. understand the assumptions underlying accounting information;
2. understand and apply accounting principles for recording and preparing accounting information;
3. apply the principles of internal control;
4. assign costs to production;
5. account for capital contributions and profit distributions for partnerships and companies;
6. utilise a computerised accounting package to set up the accounts and complete the accounting cycle of a small business;
7. develop or improve a range of generic/soft skills essential for commerce graduates.

Research-Led Teaching

As part of the assessment, students will have certain exposures to the popular accounting software - MYOB. Research and independent, self-directed learning is required when completing the MYOB assignment which is set in a realistic context.

Required Resources

Prescribed Text: Nobles et al. (2016) Horngren’s Accounting (8^th Edition). Publisher: Pearson Australia. 

---- Please be careful not to buy “Horngren’s Financial Accounting” which looks almost the same.

You are expected to have access to a copy of the prescribed book for the duration of the semester. A small number of copies are available for 2 hour loan in the reserve loan section of the Chifley Library. ANU Library has organised access to the e-book version via https://library.anu.edu.au/record=b5092485, but with limited concurrent users at any one time.

Recommended Resources

Online references (Not required)

• Textbook Companion Website - http://www.pearson.com.au/myaccountinglab

Staff Feedback

Students will be given feedback in various ways in this course, including verbal or written feedback on the return of assessment tasks, during class discussion, or during consultation with lecturers and tutors.

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Other Information

HURDLE ASSESSMENT REQUIREMENT

To achieve a Pass grade in this course, students must obtain an overall grade of at least 50% and pass the final examination.

Note: All components of the above assessment are compulsory and must be submitted. Details about the assessments are subject to changes during the early weeks of the semester. Please ensure that you check with your lecturer or tutor about any changes. Changes to the assessment schedule will be announced in class as well as on Wattle.

ASSESSMENT REQUIREMENTS

As a further academic integrity control, students may be selected for a 15 minute individual oral examination of their written assessment submissions.

Any student identified, either during the current semester or in retrospect, as having used ghost writing services will be investigated under the University’s Academic Misconduct Rule.

COMMUNICATION

Email and the Wattle Course Website

Email and the Wattle course website are the preferred ways of communication.

If necessary, the lecturer and tutors for this course will contact students on their official ANU student email address. Students should use this email address when contacting staff as spam filters used by ANU may not allow other email addresses to be received. Information about your enrolment and fees from the Registrar and Student Services' office will also be sent to this email address.

Announcements

Students are expected to check the Wattle site for announcements about this course, e.g. changes to timetables or notifications of cancellations.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Course Introduction and Recording Business Transactions	Textbook Chapter(s): Ch 1, 2 No tutorial this week
2	Profit Measurement & The Accounting Cycle	Textbook Chapter(s): Ch 3, 4
3	Retail Operations & Recording GST	Textbook Chapter(s): Ch 5
4	Retail Inventory	Textbook Chapter(s): 6, 7
5	Receivables & Payables (+ Approaches to write-offs)	Textbook Chapter(s): Ch 9, Ch 11 pp.498-504
6	Internal Control and Managing Cash MID-SEMESTER EXAMINATION	Textbook Chapter(s): Ch 8
7	Accounting for Partnerships	Textbook Chapter(s): Ch 13
8	Accounting for Companies (Formation and Equity)	Textbook Chapter(s): Ch 14 pp.608-624, Ch 15
9	Accounting for Companies (Debentures)	Textbook Chapter(s): Ch 12
10	Accounting for Non-Current Assets (Property, Plant and Equipment and Intangibles)	Textbook Chapter(s): Ch 10 MYOB Assignment Due
11	Accounting for Manufacturing Companies (Cost Concepts and Job Costing)	Textbook Chapter(s): Ch 19 pp.826-843, Ch 20
12	Financial Statement Analysis & Course Review	Textbook Chapter(s): Ch 18

Tutorial Registration

Please see Wattle for tutors’ information.

This course includes live on-line tutorials. Tutorial signup for this course will be done via the Wattle website. Detailed information about signup times will be provided on Wattle. When tutorials are available for enrolment, follow these steps:

1. Log on to Wattle, and go to the course site.

2. Click on the link “Tutorial enrolment”

3. On the right of the screen, click on the tab “Become Member of ……” for the tutorial class you wish to enter.

4. Confirm your choice

If you need to change your enrolment, you will be able to do so by clicking on the tab “Leave group…” and then re-enrol in another group. You will not be able to enrol in groups that have reached their maximum number. Please note that enrolment in ISIS must be finalised for you to have access to Wattle.

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Tutorial Preparation	5 %	10/08/2020	30/10/2020	1,2,3,4,5,7
Mid-Semester Examination	20 %	31/08/2020	09/10/2020	1,2,3,4
Individual MYOB Assignment	15 %	16/10/2020	30/10/2020	1,2,6,7
Final Examination	60 %	05/11/2020	03/12/2020	1,2,3,4,5

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information 
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Examination(s)

Details regarding materials and equipment that is permitted in an examination room can be found on the ANU website:

http://www.anu.edu.au/students/program-administration/assessments-exams/examination-conduct

Information regarding permitted examination materials for the course will be available on the examination timetable website when the examination timetable is released:

http://timetable.anu.edu.au/

Assessment Task 1

Tutorial Preparation

Due date: The due date listed in the assessment summary is the earliest possible date. There will be 5 checks of tutorial preparation from Week 3 to Week 12, with the first check no later than Week 5.

Return date: The return date listed in the assessment summary is the latest possible return date. The assessment mark will be provided on Wattle by the end of the following week.

Details of task: Five (5) tutorial preparation checks to be submitted via Turnitin on Wattle out of 9 options, with at least one tutorial preparation submitted no later than Week 5.

Students are expected to complete assigned tutorial questions completed with sufficient effort. Depending on the questions assigned, each class’s tutorial homework takes around 1-2 hours to thoroughly prepare for each class. Tutorial questions will be posted on Wattle and all tutorial questions come from the prescribed textbook (see the section “Prescribed texts” above), therefore it is important to have access to it as early as possible

Weight: 5% (1% each)

Submission: The tutors will check your tutorial preparation on Turnitin.

Marking criteria: The tutorial work will be marked based on the extent of completion and effort (not accuracy). Tutorial questions must be completed before class. Suggested solutions will be posted on Wattle by the end of the week.

Extensions and Penalties: A mark of zero for late or no submission will be strictly enforced. In case you cannot submit your tutorial work due to misadventure, sickness or other ‘valid’ reasons, please notify your tutor with supporting evidence (such as medical certificates) as soon as possible. Your tutor may assess an additional homework if sent before tutorial solutions are released.

Feedback: Progressive feedback on tutorial preparation will be provided the week after submission. Students will receive feedback on their first tutorial preparation no later than week 6.

Assessment Task 2

Mid-Semester Examination

Centrally administered examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. Mid-semester exams will be held in either Week 6 or Week 7. The due date listed in the assessment summary is the earliest possible date. Please check ANU Timetabling for further information.

Details of task: The mid-semester examination will be a 90-minute Wattle-based online exam. The purpose is to give you a focus for your study and to give you timely feedback on your performance. The result of which may be indicative of your application to achieving the learning outcomes of the course. Students who achieve poor results in this test are strongly recommended to consult a teaching staff regarding strategies for improving their performance.

Weight: 20%

Marking criteria: The mid-semester examination covers topics from Week 1 to Week 5 (inclusive).

Deferred Examination/Special Consideration: A deferred examination is the sitting of an examination at a time other than the scheduled time/date. The University may make alternate provisions for undergraduate and graduate coursework students who are unable to attend a formal examination at the prescribed time, owing to extenuating circumstances.

Wherever possible a student should sit their examination at the prescribed time, and if necessary apply for special assessment consideration for the marking of the examination.

Assessment Task 3

Individual MYOB Assignment

Note: The School will purchase the login access of the online assignment and MYOB software for all students (so you do not need to purchase yourself). Unfortunately, the MYOB software is in Windows only. Mac users may use the computers in the labs on campus around CBE or use the ANU Virtual Information Commons Remote Desktop.

Details of task: Starting from around Week 5, students are expected to self-learn MYOB and complete an online MYOB assignment by the end of Week 10. Through completing an accounting cycle with the MYOB software in a realistic commercial scenario, you will gain the technical skills and practical experience essential to an accounting career.

The assignment provides each student with a unique accounting scenario and must be completed individually.

Answers to the assignment are submitted online. However, it is possible to print each page of the assignment in order to work on it offline. You will complete and submit answers to the assignment in parts, and be graded in parts; feedback on your performance will be provided instantly so that you can adjust your work accordingly to avoid errors being carried through the following parts.

There are two versions of the MYOB assignment: (i) revision version; and (ii) assessment version. The revision version aims to train and familiarise you with MYOB without the pressure of grades. The revision version is essentially the same as the assessment version in terms of functionality and requirements, except that you may have unlimited attempts. Please note the revision attempts are not graded.

Once you feel ready, you may move onto the assessment version which will be graded. You have up to two attempts and only the higher of the two attempts will be considered.

This is a substantial assignment, taking up to 20 study hours to complete for each round. Please ensure you set a plan to self-learn the software and complete this exercise well before the deadline.

Details about the assignment will be announced in lectures and on Wattle by Week 4.

Weight: 15%

Due date: 16 October, 2020 – Friday 2:00:00 pm (end of Week 10)

Additional Information – Self-directed learning: Guided by the Perdisco MYOB assignment, the learning of MYOB is self-directed meaning that it will not be covered in lectures or tutorials. It thus requires a great deal of self-discipline to master the necessary skills to complete this assignment. Students are strongly recommended to schedule extra time for MYOB learning each week.

When you login to your assignment, you will see a Student Companion and Helpful Hints document on your assignment home page. Please read this document because it gives you information that will help you to successfully complete the assignment.

As you work through the assignment, you will also notice links to the ‘MYOB Learning Centre’. This online resource provides you with support on using MYOB and you are strongly encouraged to refer to it as you complete your assignment.

Additional Information – Login details, accessing the online assignment and MYOB software: In complying with the University’s rules on protecting students’ privacy, each student will be provided with a randomised set of login, password, an access code and other details in an email directly from the lecturer to your student email account. If you have any concerns with using this system, please contact the course convenor.

Students are expected to create an account with the online assignment provider, Perdisco, using the login, access code and other details provided in the email ONLY. Please note that while this arrangement anonymises you to the assignment provider, failing to create your Perdisco account using the EXACT details provided by the lecturer would also anonymise you to the lecturer, which results in a zero grade for the assignment.

After you are given the login, access code and other details, instructions on downloading and installing MYOB are also provided at www.perdisco.com.au/myobLogin

Marking criteria: Only the assessment version of the assignment will be graded. You have up to two attempts and only the higher of the two attempts will be considered. That is your mark will be the raw mark obtained in the higher of the two attempts. The assignment will be automatically graded by Perdisco on the accuracy and completion of the accounting cycle as required. 

Late submission not permitted.

Assessment Task 4

Final Examination

Centrally administered examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. The due date listed in the assessment summary is the earliest possible date. Please check ANU Timetabling for further information. Exam scripts will not be returned. Information regarding exam script viewing will be provided on the Research School of Accounting webpage in due course.

Details of task: The Final Examination is a Wattle-based online exam. Details about the topic coverage will be announced in the latter half of the course.

Weight: 60%

Deferred examination/Special Consideration: A deferred examination is the sitting of an examination at a time other than the scheduled time/date. The University may make alternate provisions for undergraduate and graduate coursework students who are unable to attend a formal examination at the prescribed time, owing to extenuating circumstances.

Wherever possible, a student should sit their examination at the prescribed time, and if necessary, apply for special assessment consideration for the marking of the examination.

Hurdle Assessment requirement: This assessment component is compulsory and must be completed. To achieve a Pass grade in this course, students must obtain an overall grade of at least 50% and pass the final examination. 

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.

The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.

The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.

Online Submission

You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.

Hardcopy Submission

For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.

Late Submission

Late submission not permitted. Submission of assessment tasks without an extension after the due date is not permitted, a mark of 0 will be awarded.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Returning Assignments

Teaching staff aim to return all assignments within four weeks after their due dates. Specific details about the return of each assessment will be announced in lectures and on Wattle in due course.

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Resubmission of Assignments

Resubmission of assignments is not applicable in BUSN1002.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.

Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents undergraduate and ANU College students
• PARSA supports and represents postgraduate and research students