KING S OWN INSTITUTE* Success in Higher Educatin ACC100 INTRODUCTION TO ACCOUNTING T318 - Brief All infrmatin cntained within this Subject Outline applies t all students enrlled in the trimester as indicated. 1 General Infrmatin 1.1 Administrative Details Assciated HE Award(s) Duratin Level Subject Crdinatr B Bus (Accg); B Bus (Mgt & Finance) Dip Accg; Dip Mgt 1 trimester Level 1 Richard Chang richard@ki.edu.au P: 92833583 (Ext.156) L: Level 1, 545 Kent St. Cnsultatin: via Mdle r by appintment. 1.2 Cre / Elective This is a cre subject fr the abve curses. 1.3 Subject Weighting Indicated belw is the weighting f this subject and the ttal curse pints. Subject Credit Pints Ttal Curse Credit Pints 4 Dip Accg 32; Dip Mgt 32; BBus (Accg) 96; BBus (Mgt & Finance) 96 1.4 Student Wrklad Indicated belw is the expected student wrklad per week fr this subject. N. timetabled hurs/week* N. persnal study hurs/week** Ttal wrklad hurs/week*** 4 hurs/week (2 hur Lecture + 2 hur Tutrial) 6 hurs/week 10 hurs/week * Ttal time spent per week at lectures and tutrials ** Ttal time students are expected t spend per week in studying, cmpleting assignments, etc. *** Cmbinatin f timetable hurs and persnal study. 1.5 Mde f Delivery On-campus 1.6 Pre-requisites Nil Hwever, as accunting invlves the manipulatin f data expressed in numerical terms, students shuld have a basic grunding in mathematics. 1.7 General Study and Resurce Requirements Students are expected t attend classes with the weekly wrksheets and subject supprt material prvided in Mdle. Students shuld read this material befre cming t class t imprve their ability t participate in the weekly activities. Students will require access t the internet and their KOI email and shuld have basic skills in wrd prcessing sftware such as MS Wrd, spreadsheet sftware such as MS Excel and visual presentatin sftware such as MS PwerPint. Cmputers and WIFI facilities are extensively available fr student use thrughut KOI. Students are encuraged t make use f the campus Library fr reference materials. Resurce requirements specific t this subject: Students shuld have a nn-prgrammable calculatr. Applicatins in smart phnes may nt be sufficient t perfrm the required calculatins. ACC100 INTRODUCTION TO ACCOUNTING T318 FINAL 31/10/2018 10:07 PAGE 1 OF 5
2 Academic Details 2.1 Overview f the Subject The financial accunting sectin includes basic and generally accepted cncepts and principles s that students have a gd understanding f internal and external financial reprting and are able t analyse and interpret financial statements fr decisin making as well as cmmunicating financial infrmatin t internal and external parties. The management accunting sectin emphasises cst cncepts and CVP analysis, shrt and lng term decisin making, budgetary planning and cntrl techniques, respnsibility centre accunting, prduct csting, internal perfrmance evaluatin and strategic management accunting. 2.2 Graduate Attributes fr Undergraduate Curses Graduates f the Bachelr f Business (Accunting), and the Bachelr f Business (Management and Finance) curses frm King s Own Institute will gain the graduate attributes expected frm successful cmpletin f a Bachelr s degree under the Australian Qualificatins Framewrk (2 nd editin, January 2013). Graduates at this level will be able t apply an advanced bdy f knwledge in a range f cntexts fr prfessinal practice r schlarship and as a pathway fr further learning. King s Own Institute s key generic graduate attributes fr a bachelr s level degree are summarised belw: KOI Bachelr Degree Graduate Attributes Knwledge Critical Thinking Cmmunicatin Infrmatin Literacy Prblem Slving Skills Ethical and Cultural Sensitivity Teamwrk Prfessinal Skills Detailed Descriptin Current, cmprehensive and cherent knwledge Critical thinking and creative skills t analyse and synthesise infrmatin and evaluate new prblems Cmmunicatin skills fr effective reading, writing, listening and presenting in varied mdes and cntexts and fr transferring knwledge and skills t thers Infrmatin and technlgical skills fr accessing, evaluating, managing and using infrmatin prfessinally Skills t apply lgical and creative thinking t slve prblems and evaluate slutins Appreciatin f ethical principles, cultural sensitivity and scial respnsibility, bth persnally and prfessinally Leadership and teamwrk skills t cllabrate, inspire clleagues and manage respnsibly with psitive results Prfessinal skills t exercise judgement in planning, prblem slving and decisin making Acrss the curse, these skills are develped prgressively at three levels: Level 1 Fundatin Students learn the basic skills, theries and techniques f the subject and apply them in basic, stand-alne cntexts. Level 2 Intermediate Students further develp skills, theries and techniques f the subject and apply them in mre cmplex cntexts, beginning t integrate the applicatin with ther subjects. Level 3 Advanced Students have a demnstrated ability t plan, research and apply the skills, theries and techniques f the subject in cmplex situatins, integrating the subject cntent with a range f ther subject disciplines within the cntext f the curse. ACC100 INTRODUCTION TO ACCOUNTING T318 31/10/2018 10:07 PAGE 2 OF 5
2.3 Subject Learning Outcmes This is a Level 1 subject. Listed belw, are key knwledge and skills students are expected t attain by successfully cmpleting this subject: Subject Learning Outcmes Cntributin t Curse Graduate Attributes a) Explain the rle f accunting and business terms b) Explain hw financial statements are cmpiled and hw they are used in the decisin-making prcesses c) Effectively analyse financial and management accunting prblems thrugh the applicatin f apprpriate prblem-slving prcesses d) Interpret and analyse the key business financial statements, recgnising the limitatins f such statements e) Evaluate the impact f ethical issues facing rganisatins f) Apply cst-vlume-prfit (CVP) methds, budgeting and fundamental management accunting cncepts in rganisatinal settings 2.4 Subject Cntent and Structure Belw are details f the subject cntent and hw it is structured, including specific tpics cvered in lectures and tutrials. Reading refers t the text unless therwise indicated. Weekly Planner: Week (beginning) 1 05 Nv 2 12 Nv 3 19 Nv 4 26 Nv 5 03 Dec 6 10 Dec 7 17 Dec Tpic cvered in each week s lecture Reading(s) Ntes Intrductin t financial and management accunting, ethics and crprate gvernance Types f rganisatins and the financial reprting framewrk Chs 1,3,12 Chs 2,4,9 Tutrial exercises Tutrial exercises Accunting equatin and the wrksheet Chs 5,6,11 Tutrial exercises Measuring assets and liabilities Chs 8,9 Tutrial exercises Presentatin f financial statements Chs 5, 6, 7 Tutrial exercises Mid-Exam Basic financial statement analysis Chs 4, 10 Mid-trimester exams 1st Online Quiz Due ACC100 INTRODUCTION TO ACCOUNTING T318 31/10/2018 10:07 PAGE 3 OF 5
23 Dec 2018 Mid trimester break 06 Jan 2019 8 07 Jan Basic cst management cncepts Chs 12,14 Tutrial exercises 9 19 Jan 10 21 Jan 11 28 Jan 12 04 Feb 13 11 Feb 14 18 Feb 15 25 Feb 16 04 Mar Cst behaviur and CVP analysis Chs 14,16 Perfrmance measurement and the balanced screcard Ch 13 Deferred Mid Trimester Exams. see Sectin 2.6 belw fr mre infrmatin Grup Assignment Due Budgeting and decisin making Chs 15,17 Tutrial exercises Revisin Lecture Study Review Week Final Exam Week T119 begins 11 Mar 2019 Student Vacatin begins Enrlments fr T119 pen Results Released 05 Mar 2019 Certificatin f Grades 08 Mar 2019 2nd Online Quiz Due 1 11 Mar Week 1 f classes fr T119 Friday 08 Mar 2019 Review f Grade Day fr T318 see Sectins 2.6 and 3.6 belw fr mre infrmatin. 2.7 Teaching Methds/Strategies Briefly described belw are the teaching methds/strategies used in this subject: On-campus lectures (2 hurs/week) are cnducted in seminar style and address the subject cntent, prvide mtivatin and cntext and draw n the students experience and preparatry reading. Tutrials (2 hurs/week) include class discussin f case studies and research papers, practice sets and prblem-slving and syndicate wrk n grup prjects. Tutrial participatin is an essential cmpnent f the subject and cntributes t the develpment f graduate attributes (see sectin 2.2 abve). It is intended that specific tutrial material such as case studies, recmmended readings, review questins etc. will be made available each week in Mdle. Online teaching resurces include class materials, readings, mdel answers t assignments and exercises and discussin bards. All nline materials fr this subject as prvided by KOI will be fund in the Mdle page fr this subject. Students shuld access Mdle regularly as material may be updated at any time during the trimester Other cntact - academic staff may als cntact students either via Mdle messaging, r via email t the email address prvided t KOI n enrlment. ACC100 INTRODUCTION TO ACCOUNTING T318 31/10/2018 10:07 PAGE 4 OF 5
2.8 Student Assessment Prvided belw is a schedule f frmal assessment tasks and majr examinatins fr the subject. Assessment Type When assessed Weighting Learning Outcmes Assessed Tutrial exercises and hmewrk Weekly 10% a, b, c, d, e, f Online Test (x2) Week 4-6 and 11-12 5% each test 10% ttal a, b, c, e, f Mid-trimester test Week 6 15% a, b, c, d Accunting issues analysis Grup Prject Final examinatin (3 hurs) Week 10 15% c, d, e Final Exams Perid 50% a, b, c, d, e, f Requirements t Pass the Subject: T gain a pass r better in this subject, students must gain a minimum f 50% f the ttal available subject marks. 2.9 Prescribed Text: Hancck, P., Rbinsn, P. Bazley, M. 2015 Cntemprary Accunting: A Strategic Apprach fr Users Ed 9 Cengage. ACC100 INTRODUCTION TO ACCOUNTING T318 31/10/2018 10:07 PAGE 5 OF 5