This course is designed as an introductory accounting course for graduate students, and provides an introduction to the concepts underlying external financial reporting. The unit utilises a transaction-effect approach to the preparation of financial statements. The course examines the main financial statements produced by an accounting system and the process by which these statements are prepared. The course covers fundamental issues relevant to the use of accounting information as a decision aid. Contents include accounting concepts, double entry and accrual systems of accounting, financial statements preparation and analysis. There are no prerequisites that need to be satisfied. The course assumes no previous knowledge of accounting. 

Learning Outcomes

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

1. explain the accounting assumptions and principles underlying the financial information;
2. identify the main users of financial accounting reports, and the main purpose for which information is used;
3. understand the concepts of assets, liabilities, equity, income and expense;
4. apply accounting principles to the preparation and recording of accounting entries;
5. develop the knowledge and ability to prepare financial statements for organisations characterised by moderately complex financial transactions;
6. analyse and interpret financial statements with regard to key aspects of performance;
7. develop analytical and communication skills.

Research-Led Teaching

As part of the assessment, students will conduct research to complete the assignment which is set in a realistic business context.

Required Resources

Financial Accounting eBook, (9th Edition), By Tracie Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Peter Best, Rebecca Tan, Roger Willett. Publisher: Pearson Australia.

Students are expected to have access to a copy of the prescribed book for the duration of the semester. A few copies of the text are available for 2 hour loan in the reserve loan section of the Chifley Library. An ebook version of the text is available from the ANU Library (https://library.anu.edu.au/), but with limited concurrent users at any one time.

Staff Feedback

Students will be given feedback in the following forms in this course:

• written comments on assignments
• verbal comments during tutorials and consultation

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

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	Introduction: Accounting, business structures & regulations	[No tutorial classes this week]
2	Recording business transaction
3	The adjusting process
4	Completing the accounting cycle	Academic Integrity and Referencing Exercise (Due Friday 4pm)
5	Accounting for receivables and payables
6	Accounting for non-current liabilities & Financial statement analysis
7	Accounting for inventory	Online (Wattle) Quiz
8	Internal control and cash
9	Accounting for non-current assets	MYOB assignment (Due Thursday 4pm)
10	Cash flow statement
11	Accounting for partnership
12	Accounting for companies

Tutorial Registration

Please see Wattle for tutors' information. Tutorials will be available face-to-face or through live Zoom class. Enrolment for the tutorials will be made available on Wattle. You should check Wattle from O-Week for information regarding tutorial enrolment.

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
Academic Integrity and Referencing Exercise	5 %	16/03/2022	01/04/2022	7
Online Quiz (via Wattle)	15 %	18/04/2022	29/04/2022	1, 2, 3, 4, 5, 6
MYOB Group Assignment	20 %	05/05/2022	27/05/2022	3, 4, 5, 6, 7
Final Examination	60 %	02/06/2022	30/06/2022	1, 2, 3, 4, 5, 6

* 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.

Participation

Course delivery: Pre-recorded lectures on Echo360. Tutorials will be available through live Zoom class, and 2 weeks of on-campus and/or online live Zoom workshops (recording on Echo360). Please check Wattle for details closer to the start of the semester.

Examination(s)

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

Academic Integrity and Referencing Exercise

Students must attend the Academic Integrity and Referencing Workshop (conducted by the Academic Skills and Learning Centre) prior to submitting this assessment.

Attendance at the Academic Integrity and Referencing Workshop is compulsory. The Workshop will be a live workshop held on campus and online. Please check Wattle for instructions on how to register for this Workshop.

This is an individual assessment. The writing exercise examines your ability to appropriately reference scholarly research in preparation for your project. The writing exercise will be released in Week1.

Assessment criteria: Clear, coherent and cohesive expression and presentation with correct referencing.

Due: Week 4 Wednesday - 4:00 pm (Canberra time), via Turnitin.

Value: 5%

Hurdle Assessment requirements: Attendance in the Academic Integrity and Referencing Workshop and the submission of this assignment are necessary to pass the course.

Assessment Task 2

Online Quiz (via Wattle)

The Online Quiz lasts for 90 minutes. It will be conducted online via Wattle. It covers course materials of Week 1, 2, 3 , 4 and 5. Details will be provided on Wattle no later than Week 5.

Due Date: Week 7. The due date listed in the assessment summary is the earliest possible date in Week 7. Further details, including the day and time that the Quiz will be held, will be provided on Wattle no later than Week 6.

Return Date: The return date for this assessment will be no later than the end of Week 8.

Value: 15%

Assessment Task 3

MYOB Group Assignment

The assignment will be released on Wattle in Week 6. Students are expected to self-learn MYOB and complete an MYOB practice set. Through completing an accounting cycle with the MYOB software in a realistic commercial scenario and writing up a business analysis report, students will gain technical skills, practical experience and develop analytical and communication skills.

Please be aware of the time investment in learning a new accounting software is substantial -- it is advisable to set (and stick to) a plan to self-learn the software and complete this exercise well before the assignment due date. 

Late submissions will not be accepted.

Due: Week 9 Thursday - 4:00:00 pm, via Turnitin.

Value: 20%

Assessment Task 4

Final Examination

The 3-hour final examination covers all materials covered from Week 1 to Week 12. It will be held online via Wattle. Invigilation tools may be used and guidance will be provided by Week 10.

Value: 60%

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. Information regarding exam script viewing will be provided in due course.

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

Academic Integrity and Referencing Exercise is submitted using Turnitin in the Academic Integrity and Referencing Wattle site. MYOB group assignment is submitted using Turnitin in BUSN7008 Wattle site. 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.

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

Assignments will be returned on Wattle.

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. 

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