Swinburne College Diploma of Business (Unilink)
Unit Outline [ACC10010] [Accounting For Success] Teaching Period 1, 2014
Please read this Unit Outline carefully. It includes:
PART A
Unit summary
PART B
Your Unit in more detail
PART C
Further information
Unit Outline Template February 2014
Page 1 of 7
PART A:
Unit Summary
Unit Code(s)
ACC10010
Unit Title
Accounting For Success
Duration
14 weeks
Total Contact Hours
70
Requisites: Pre-requisites
Nil
Credit Points
12.5
Campus/Location
Hawthorn
Mode of Delivery
Classroom (1 lecture 2 tutorials each week)
Assessment Summary
Two tests, Tutorial Exercises and final exam
Aims
Requires analytical and communication skills when calculating accrual-based items Requires logical problem solving within the business context for accrual accounting Must present written formats and reports involving accrual-based items Must understand basic rules and principles of the accounting process specific to accruals Must apply mathematical and statistical techniques to calculate correct amounts for accruals Be able to identify issues facing managers when correctly reporting using accrual accounting Must understand the way in which information systems support effectiveness in official reporting Be able to identify ethical and legal issues when using accrual accounting reporting procedures
Unit Learning Outcomes Students who successfully complete this Unit should be able to: 1. Construct a simple balance sheet, income statement and cash flow statement, and explain the relationships that underline the preparation of these financial reports 2. Understand the link between strategic planning and budgeting 3. Describe and apply the fundamental principles of accrual based accounting to a given transaction data set 4. Understand the importance of revenue and costs in decision making 5. Recognise and select financial information that is relevant to particular business decisions 6. Explain and apply techniques to operational (short-term) decision making
Key Generic Skills You will be provided with feedback on your progress in attaining the following generic skills: *
Fundamental skills
*
People skills
*
Thinking skills
*
Personal skills
*
Literacy (including reading and writing)
*
Communication (including speaking and listening)
*
Discipline, Vocab and Expression
Unit Outline Template February 2014
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Topics to be covered are: 1. Introduction to business and the role of accounting information in the decision-making process. 2. Financial reporting – introduction to recording business transactions. 3. Recording and reporting business transactions using accrual accounting. 4. Cash Flow Statement and cash accounting. 5. Analysis and Interpretation of Financial Reports. 6. Role of Budgets and Budget Preparation. 7. Cost Behaviour: Cost-volume-profit analysis. 8. Revenue and Cost Determination. 9. Operational decision making – management’s planning and control functions. 10. Introduction to Performance Evaluation – business unit and manager
PART B:
Your Unit in more detail
Unit Improvements Feedback provided by previous students through the Student Survey has resulted in improvements that have been made to this unit. Recent improvements include:
some minor changes to the Tutorial Exercises (weekly assessment)
Unit Teaching Staff Name
Role
Room
Phone
Consultation Times
Gerry Steinfort
Unit Convenor
TD192
9214 5219
gsteinfort@swin.edu.au
Gerry Steinfort
Other Teachers
9214 5219
gsteinfort@swin.edu.au
Tim Waters
Learning and Teaching Structure Activity
Total Hours
Hours per Week
Teaching Period Weeks
Lectures
1 hour
1hour
Weeks 1 to 13
Tutorials
52 hours
4 hours
Weeks 1 to 13
Week by Week Schedule Week
Week Beginning
Teaching and Learning Activity
Unit Outline Template Version 1.3
Student Task or Assessment Page 3 of 7
1
Feb 24
2
Mar 3
3
Mar 10
4
Mar 17
5
Mar 24
Topic 1 - Introduction to Accounting. The role of accounting in business Topic 2 - Financial Reports – Focus on introduction to the Balance Sheet Topic 3 - Financial Reports – Focus on introduction to the Income Statement Topic 4 - Financial Reports – Focus on both the Income Statement and the Balance Sheet Revision and Test No. 1
6
Mar 31
Topic 5 - Cash Flow Statement
7
Apr 7
8
Apr 14
9
Apr 28
10
May 5
11
May12
12
May 19
13
May 26
14
June 2
Topic 6 - Analysis and Interpretation of financial Reports (including working capital management) Topics 5 & 6 - Revision & Test 2
Suggested textbook exercises, and, Tutorial Ex No. 1 (1% of assessment) Suggested textbook exercises, and, Tutorial Ex No. 2 (1% of assessment) Suggested textbook exercises, and, Tutorial Ex No. 3 (1% of assessment) Suggested textbook exercises, and, Tutorial Ex No. 4 (1% of assessment) Test 1 - (Topics 1-4) Short answer and Practical questions (20%) Suggested textbook exercises, and, Tutorial Ex No. 5 (1% of assessment) Suggested textbook exercises, and, Tutorial Ex No. 6 (1% of assessment)
Practical Test 2 (Topics 5 & 6) (Case study and report) (20%) Topic 7 - Role of budgets and budget Suggested textbook exercises, and, preparation Tutorial Ex No. 7 (1% of assessment) Topic 8 - Cost , volume, profit strategies Suggested textbook exercises, and, Tutorial Ex No. 8 (1% of assessment) Topic 9 - Financial statements, Suggested textbook exercises, and, specifically focusing on the balance sheet Tutorial Ex No. 9 (1% of assessment) and income statement for manufacturing. Topic 10 - Operational decision making - Suggested textbook exercises, and, costing and Performance evaluation Tutorial Ex No. 10 (1% of assessment) Financial Statements Analysis– Capital Structures Revision - Topics 1 - 9 Revision exercises and Past Exam Papers Exam Week Final Exam (50% of assessment)
Assessment a)
Assessment Overview Weighting
Unit Learning Outcomes that this assessment task relates to
Assessment Due Date
Individual
20%
134&5
End of week 5
2. Test No. 2
Individual
20%
34&5
End of week 8
3. Weekly Tutorial exercises
Individual
10%
12345&6
End of each week
4. Examination
Individual
50%
12345&6
Formal Exam Period
Tasks and Details
Individual or Group
1. Test No. 1
b) Minimum requirements to pass this Unit To pass this unit, you must: achieve at least 50% of the possible final marks for each Major Assessment Component, and achieve an aggregate mark for the subject of 50% or more, and achieve at least 50% in the final exam Unit Outline Template Version 1.3
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If you do not achieve at least 50% of the possible final marks for each Major Assessment Component you will receive a maximum of 44% as your total mark for the unit. c)
Examinations If the unit you are enrolled in has an official examination, you will be expected to be available for the entire examination period including any Special Exam period. The examination is closed-book, but you are permitted to us a non-programmable calculator. You must use a pen. You are not permitted to use pencil.
d) Submission Requirements: Not relevant for this unit e)
Extensions and Late Submission
f)
Referencing: Not relevant for this unit
g) Groupwork Guidelines: Not relevant for this unit
Required Textbook(s) Student manual: LACS – Accounting for Success Blackboard - all lecture notes, illustrations and solutions used in the delivery of the unit. Ruler, pen, pencil, calculator, eraser, 2 A4 exercise books, highlighters (optional) Recommended Textbook - Birt J., Chalmers K., Beal D., Brooks A., Byrne S., Oliver J. Accounting Business Reporting for Decision Making , Wiley 2010 4th Edition
Recommended Reading Materials The Library has a large collection of resource materials, both texts and current journals.
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PART C:
FUTHER INFORMATION
For further information and links to resources for the following topics, refer to Swinburne’s Current Students web page http://www.swinburne.edu.au/student/ Student Charter Please familiarise yourself with Swinburne’s Student Charter. The charter describes what students can reasonably expect from Swinburne in order to enjoy a quality learning experience. As students contribute to their own learning experience and to that of their fellow students, the charter also defines the University's expectations of students. Student behaviour and wellbeing Swinburne has a range of policies and procedures that govern how students are expected to conduct themselves throughout the course of their relationship with the University. These include policies on expected standards of behaviour and conduct which cover interaction with fellow students, staff and the wider University community, in addition to following the health and safety requirements in the course of their studies and whilst using University facilities. All students are expected to familiarise themselves with University regulations, policies and procedures and have an obligation to abide by the expected guidelines. Any student found to be in breach may be subject to relevant disciplinary processes. Some examples of relevant expected behaviours are: Not engaging in student misconduct Ensuring compliance with the University’s Anti-Discrimination, Bullying and Violence and Sexual Harassment requirements Complying with all Swinburne occupational health and safety requirements, including following emergency and evacuation procedures and following instructions given by staff/wardens or emergency response. In teaching areas, it is expected that students conduct themselves in a manner that is professional and not disruptive to others. In all Swinburne laboratories, there are specific safety procedures which must be followed, such as wearing appropriate footwear and safety equipment, not acting in a manner which is dangerous or disruptive (e.g. playing computer games), and not bringing in food or drink. Blackboard You should regularly access the Swinburne Course Management System (Blackboard) available via http://ilearn.swin.edu.au. Blackboard is regularly updated with important Unit information and communications. Communication All communication will be via your Swinburne email address. If you access your email through a provider other than Swinburne, then it is your responsibility to ensure that your Swinburne email is redirected to your private email address. Plagiarism Plagiarism is the action or practice of taking and submitting or presenting the thoughts, writings or other work of someone else as though it is your own work. Plagiarism includes any of the following, without full and appropriate acknowledgment to the original source(s): The use of the whole or part of a computer program written by another person; the use, in essays or other assessable work, of the whole or part of a written work from any source including but not limited to a book, journal, newspaper article, set of lecture notes, current or past student’s work, any other person’s work, a website or database; The paraphrasing of another’s work; The use of musical composition, audio, visual, graphic and photographic models, The use of realia that is objects, artefacts, costumes, models and the like. Plagiarism also includes the preparation or production and submission or presentation of assignments or other work in conjunction with another person or other people when that work should be your own independent work. This remains plagiarism whether or not it is with the knowledge or consent of the other person or people. It should be noted that Swinburne encourages its students to talk to staff, fellow students and other people who may be able to Unit Outline Template Version 1.3
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contribute to a student’s academic work but that where independent assignment is required, submitted or presented work must be the student’s own. Enabling plagiarism contributes to plagiarism and therefore will be treated as a form of plagiarism by the University. Enabling plagiarism means allowing or otherwise assisting another student to copy or otherwise plagiarise work by, for example, allowing access to a draft or completed assignment or other work. Swinburne University uses plagiarism detection software (such as Turnitin) for assignments submitted electronically via Blackboard. Your Convenor will provide further details. The penalties for plagiarism can be severe ranging from a zero grade for an assessment task through to expulsion from the unit and in the extreme, exclusion from Swinburne. Consequently you need to avoid plagiarism by providing a reference whenever you include information from other sources in your work. Student support You should talk to your Unit Convenor or Student Services, for information on academic support services available for Swinburne students. Special consideration If your studies have been adversely affected due to serious and unavoidable circumstances outside of your control (e.g. severe illness or unavoidable obligation) you may be able to apply for special consideration (SPC). Applications for Special Consideration will be submitted via the SPC online tool normally no later than 5.00pm on the third working day after the submission/sitting date for the relevant assessment component. Special needs Sometimes students with a disability, a mental health or medical condition or significant carer responsibilities require reasonable adjustments to enable full access to and participation in education. Your special needs can be addressed by Swinburne's Disability Services, who can negotiate and distribute an 'Education Access Plan' that outlines recommendations for university teaching and examination staff. You must notify the University Disability Liaison Officer of your disability or condition within one week after the commencement of a unit of study to allow the University to make reasonable adjustments. Review of marks An independent marker reviews all fail grades for major assessment tasks. In addition, a review of assessment is undertaken if your final result is a marginal fail (45-49) or within 2 marks of a grade threshold. If you are not satisfied with the result of an assessment you can ask the Unit Convenor to review the result. Your request must be made in writing within 10 working days of receiving the result. The Unit Convenor will review your result against the marking guide to determine if your result is appropriate. If you are dissatisfied with the outcomes of the review you can lodge a formal complaint. Feedback, complaints and suggestions In the first instance you may discuss any issues with your Unit Convenor. If you are dissatisfied with the outcome of the discussions with the Unit Convenor or would prefer not to deal with your Unit Convenor, then you can complete a feedback form. Advocacy You are advised to seek advice from the staff at the Swinburne Student Amenities Association (SSAA) if you require assistance with any academic issues.
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