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 exposure to the popular accounting software - MYOB. Research and independent learning is required when completing the MYOB assignment which is set in a realistic context.

Examination Material or equipment

Non-programmable calculator.

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

Required Resources

Prescribed Text: Miller-Nobles et al. (2020) Accounting 9^th Edition. Publisher: Pearson Australia. 

Authors: Miller-Nobles, Mattison, Matsumura, Best, Keene, Tan and Willett

ISBN: 978-1-4886-1736-2

Publisher: Pearson

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

Students are expected to have access to a copy of the prescribed book for the duration of the semester. A small number of copies will be 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://ebookcentral.proquest.com/lib/anu/detail.action?docID=6360314).

Recommended Resources

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). Feedback can also be provided to Course Conveners and teachers via the Student Experience of Learning & Teaching (SELT) feedback program. SELT surveys are confidential and also provide the Colleges and ANU Executive with opportunities to recognise excellent teaching, and opportunities for improvement.

Other Information

ASSESSMENT REQUIREMENTS

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 Integrity 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	No tutorial this week
2	Profit Measurement & The Accounting Cycle
3	Retail Operations, Retail Inventory & Recording GST
4	Receivables & Payables(+ Approaches to write-offs)
5	Internal Control and Managing Cash
6	Week 6 Quiz during lecture time	Week 6 Quiz
7	Accounting for Partnerships
8	Accounting for Companies(Formation and Equity)
9	Accounting for Companies(Debentures)	MYOB Assignment Due
10	Accounting for Non-Current Assets(Property, Plant and Equipment and Intangibles)
11	Accounting for Manufacturing Companies(Cost Concepts and Job Costing)
12	Financial Statement Analysis & Course Review

Tutorial Registration

Tutorials will be held weekly on campus (starting from Week 2). Tutorial times will be made available via MyTimetable. Two weeks before the commencement of semester, please check the MyTimetable website for details of tutorial availability and release.

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities/tutorials so they can better plan their time. Find out more on the Timetable webpage.

Please see Wattle for tutors’ information.

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Tutorial Preparation	5 %	04/03/2024	12/03/2024	1,2,3,4,5,7
Week 6 quiz	20 %	25/03/2024	15/04/2024	1,2,3,4
Individual MYOB Assignment	15 %	03/05/2024	10/05/2024	1,2,6,7
Final Examination	60 %	30/05/2024	27/06/2024	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 Integrity Rule before the commencement of their course. Other key policies and guidelines include:

• Academic Integrity Policy and Procedure
• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Guideline and General Information 
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure
• Code of practice for teaching and learning

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 Skills website. 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: on-campus lecture (recording on Echo360) and weekly on-campus tutorials. Please check Wattle for details closer to the start of semester.

Attendance at all teaching events, while not compulsory, is expected in line with Code of Practice for Teaching and Learning, clause 2 paragraph (b).

Examination(s)

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

https://exams.anu.edu.au/timetable

Assessment Task 1

Tutorial Preparation

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

Return date: The assessment mark will be provided on Wattle by the end of the following week.

Details of task: Five (5) random tutorial preparation collections in the registered tutorial classes.

Students are expected to complete all assigned tutorial questions completed with sufficient effort. Tutorial questions assigned are chosen to prepare students for the final examination. 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 weekly 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: Please submit a properly stapled hard copy of your homework to your tutor (in your registered tutorial class only) upon request. Please ensure your full name and student ID are on the front page. Submitting your work in a tutorial class that you are not registered with will not be considered. 

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: You will receive feedback on your tutorial question attempt through the discussion in class. Progressive structured 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.

Additional Information: Students are strongly encouraged to come to all tutorials prepared. Tutorials are designed to help students to communicate clearly, engage in problem-solving and to improve the ability to work well with others.

Assessment Task 2

Week 6 quiz

The Week 6 closed-book invigilated quiz will be held in Week 6 during the lecture time. The due date listed in the assessment summary is the earliest possible date.

Face to face invigilation will be used. Details will be provided on Wattle no later than Week 4 and practice test questions will be posted on Wattle.

Details of task: The test will be closed-book, on-campus and invigilated. 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 test covers lecture topics from Week 1 to Week 4 (inclusive).

Feedback: Viewing times will be scheduled in Weeks 7 and 8 so that students can review their quiz.

Assessment Task 3

Individual MYOB Assignment

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 9. Through completing an accounting cycle with the online cloud-based MYOB software in a realistic commercial scenario, you will gain the technical skills and practical experience essential to an accounting career.

The assignment provides students with an accounting scenario and must be completed individually.

Details about the assignment will be released in lectures and on Wattle by Week 5.

Any student who does not wish to access the external site provided for this task should contact the convener as soon as possible for an alternative assessment task of equivalent weight, length, and difficulty.

Weight: 15%

Due date: 3 May, 2024 – Friday 2:00:00 pm (end of Week 9)

Additional Information – Self-directed learning: 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.

Late submission not permitted.

Feedback: Viewing times will be scheduled in Weeks 10 and 11 so that students can review their attempts.

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

Details will be provided no later than Week 10.

Details of task: The Final Examination is an on-campus closed-book invigilated exam. Details about the topic coverage will be announced in the latter half of the course.

Weight: 60%

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. The University’s students are an integral part of that community. The academic integrity principle commits all students to engage in academic work in ways that are consistent with, and actively support, academic integrity, and to uphold this commitment by behaving honestly, responsibly and ethically, and with respect and fairness, in scholarly practice.

The University expects all staff and students to be familiar with the academic integrity principle, the Academic Integrity Rule 2021, the Policy: Student Academic Integrity and Procedure: Student Academic Integrity, and to uphold high standards of academic integrity to ensure the quality and value of our qualifications.

The Academic Integrity Rule 2021 is a legal document that the University uses to promote academic integrity, and manage breaches of the academic integrity principle. The Policy and Procedure support the Rule by outlining overarching principles, responsibilities and processes. The Academic Integrity Rule 2021 commences on 1 December 2021 and applies to courses commencing on or after that date, as well as to research conduct occurring on or after that date. Prior to this, the Academic Misconduct Rule 2015 applies.

 

The University commits to assisting all students to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. All coursework students must complete the online Academic Integrity Module (Epigeum), and Higher Degree Research (HDR) students are required to complete research integrity training. The Academic Integrity website provides information about services available to assist students with their assignments, examinations and other learning activities, as well as understanding and upholding academic integrity.

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

The Academic Skills website has information to assist you with your writing and assessments. The website includes information about Academic Integrity including referencing requirements for different disciplines. There is also information on Plagiarism and different ways to use source material.

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 Access 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