Title | ACCY111 - subject |
---|---|
Author | Mayuren Sasikumar |
Course | Accounting Fundamentals In Society |
Institution | University of Wollongong |
Pages | 21 |
File Size | 676.1 KB |
File Type | |
Total Downloads | 37 |
Total Views | 167 |
subject
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School of Accounting, Economics and Finance ACCY111: Accounting Fundamentals in Society Subject Outline 6 credit points
Subject Information Spring, 2020, Wollongong On Campus (delivered under Remote Study Mode**) ** Remote Study Support Site: In addition to the Subject Moodle site, the Remote Study Support Moodle site (TCHR054_20) is accessible to support your studies from remote locations around the globe until you can return to on campus study. This site will appear as an additional site on your list of active Moodle subject sites. This site contains comprehensive information with a range of resources related to teaching and learning as well as other student support information Lecture Information: Mondays, 09:30 - 11:30, Online Pre-requisites: Nil Co-requisites: Nil Restrictions: None Contact Hours: Not specified Online Subject Material: http://www.uow.edu.au/student/index.html Additional materials will be placed on the Moodle learning site for the subject. Lecture Information: Pre-recorded lectures are available on Moodle. Lectures are dividend in two components: x x
Lecture A is a theoretical component for the given topic (1 hour). Lecture B is a practical component based on theoretical component presented in Lecture A (1 hour).
Tutorials: 2 hour tutorial via Zoom, accessible in the ACCY111 Moodle site.
Faculty Vision, Mission and PRME The Mission of the Faculty is to promote responsible leadership and sustainable business practice, and contribute to a stronger economy and a more just society. The Faculty Vision, Mission and Values statements can be found at https://business.uow.edu.au/vision-mission/index.html The Faculty is also a signatory to the Principles of Responsible Management Education (PRME) and supports the realisation of the United Nations Sustainable Development Goals. More information on PRME can be found at https://business.uow.edu.au/about/index.html
ACCY111 Subject Outline
Spring, 2020, Wollongong
Page 1 of 21
Teaching Staff Teaching Role
Coordinator, Lecturer and Tutor
Name
Dr Sanja Pupovac
Telephone
42215219
Email
[email protected]
Room
40.312
Consultation Times
Tuesday 14.30-16.30 (Via Zoom or email)
Teaching Role
Head Tutor
Name
Mr Walid El Hamad
Telephone Email
[email protected]
Room Consultation Times Teaching Role
Tutor
Name
Dr Jimmy Gong
Telephone
42 21 3321
Email
[email protected]
Room
40.315
Consultation Times Teaching Role
Tutor
Name
Dr Jenny Wang
Telephone
42 21 5413
Email
[email protected]
Room
40.241
Consultation Times
Friday 13:30 -15:30 via Zoom or email
ACCY111 Subject Outline
Spring, 2020, Wollongong
Page 2 of 21
Email Etiquette: Consultation with your subject coordinator and/or teachers via email Your teachers receive many emails each day. In order to enable them to respond to your emails appropriately and in a timely fashion, students are asked to observe basic requirements of professional communication: Consider what the communication is about x x x
Is your question addressed elsewhere (e.g. in this subject outline or, where applicable, on the subject's eLearning site)? Is it something that is better discussed in person or by telephone? This may be the case if your query requires a lengthy response or a dialogue in order to address. If so, see consultation times above and/or schedule an appointment. Are you addressing your request to the most appropriate person?
Specific email title/ header to enable easy identification of subject related/ student emails x
Identify the subject code of the subject you are enquiring about (as your teacher may be involved in more than one subject) in the email header. Add a brief, specific header after the subject code where appropriate.
Professional courtesy x x x x
x
Address your teacher appropriately by name (and formal title if you do not yet know them). Use full words (avoid 'text-speak' abbreviations), correct grammar and correct spelling. Be respectful and courteous. Academics will normally respond within 1-2 business days. If the matter is urgent, you may wish to telephone the teaching staff whose contact details are given in this subject outline or contact the School. Please ensure that you include your full name and identify your seminar or tutorial group in your email so that your teachers know who they are communicating with and can follow-up personally where appropriate.
Cyber Bullying The University is committed to providing a safe, respectful, equitable and orderly environment for the University community, and expects each member of that community to behave responsibly and ethically. Students must comply with the University's Student Conduct Rules and related policies including the IT Acceptable Use Policy and Bullying Prevention Policy, whether undertaking their studies face-to-face, online or remotely. For more information on appropriate communication and etiquette in the online environment please refer to the guide Online and Email Etiquette.
Copyright Commonwealth of Australia Copyright Regulations 1969 © 2020 University of Wollongong The original material prepared for this guide is covered by copyright. Apart from fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission.
ACCY111 Subject Outline
Spring, 2020, Wollongong
Page 3 of 21
Table of Contents Section A: General Information .......................................................................................................................... 5 Learning Outcomes ............................................................................................................................................ 5 Student Learning Outcomes .......................................................................................................................... 5 Subject Description ....................................................................................................................................... 5 Course Learning Outcomes ........................................................................................................................... 5 eLearning, Readings, References and Materials ................................................................................................ 5 Subject eLearning ......................................................................................................................................... 5 Major Text(s) ................................................................................................................................................ 5 Key References ............................................................................................................................................. 6 Recommended Background and Further Reading ......................................................................................... 6 Additional Materials ..................................................................................................................................... 6 Lectures, Tutorials and Attendance Requirements ............................................................................................ 7 Lecture Times * ............................................................................................................................................ 7 Lecture Program * ......................................................................................................................................... 7 Lecture Recording .............................................................................................................................................. 9 Your Privacy - Lecture Recording ..................................................................................................................... 9 Additional Lecture Comments .................................................................................................................... 10 Tutorial/Seminar/Workshop Times ............................................................................................................. 11 Tutorial/Seminar/Workshop Program ......................................................................................................... 11 Additional Tutorial/Seminar/Workshop Comments ................................................................................... 13 Attendance Requirements - Participation/Contribution to Lectures/Tutorials/Seminars/Workshops .............. 13 Recent Improvements to Subject ..................................................................................................................... 14 Extraordinary Changes to the Subject Outline ................................................................................................. 14 Learning Analytics ........................................................................................................................................... 14 Section B: Assessment ........................................................................................................................................ 15 Assessment Summary ...................................................................................................................................... 15 UOW Grade Descriptors ............................................................................................................................. 16 Assessment Learning Outcome Matrix ............................................................................................................ 17 Minimum Performance Requirements ............................................................................................................. 17 Types of Assessment and Collaboration .......................................................................................................... 18 Submission, Retention and Collection of Written Assessment ........................................................................ 18 Submitting Assessment Tasks ..................................................................................................................... 18 Extensions ................................................................................................................................................... 18 Faxing, Posting and Emailing Assessment Work ....................................................................................... 19 Late Submission of Assessment Tasks........................................................................................................ 19 Collection .................................................................................................................................................... 19 Retention ..................................................................................................................................................... 19 Scaling ............................................................................................................................................................. 19 Supplementary Assessment ............................................................................................................................. 19 Review and Appeal of Academic Decisions .................................................................................................... 19 Assessment Quality Cycle ............................................................................................................................... 20 Assurance of Learning (What will students learn in their degree?) ................................................................. 20 Academic Integrity .......................................................................................................................................... 20 Plagiarism Prevention ................................................................................................................................. 20 Referencing ...................................................................................................................................................... 21 Why do you need to reference? ................................................................................................................... 21 The Harvard System of Referencing ........................................................................................................... 21 Section C: General Advice for Students - Policies and Procedures................................................................ 21
ACCY111 Subject Outline
Spring, 2020, Wollongong
Page 4 of 21
Section A: General Information Learning Outcomes Student Learning Outcomes On successful completion of this subject, students will be able to: 1. 2.
3. 4. 5.
Demonstrate an understanding of the role of accounting in society by exploring the various role sof accounting, including an appreciation of ethical aspects of accounting practice for both individuals and organisations Demonstrate an acquisition of an elementary technical competence in accounting practice through the use of basic accounting language, concepts and techniques to identify, classify, process, record, summarise and communicate accounting and financial information Identify and explain different forms of economic entities and understand the diversity of economic sectors and the consequences of this diversity for accounting practice Demonstrate competence in using accounting information to analyse, interpret and forecast financial information that is useful in decision making Demonstrate an understanding of the use of specified information and communication technologies
Subject Description This subject introduces the role of accounting information in society including its social and ethical aspects relating to both the individual and the organisation. The subject introduces basic accounting language, concepts and techniques to identify, classify, process, record and present accounting and financial information. The subject also considers accounting information that can be used for making decisions about past and future economic events in a variety of business and social settings. Course Learning Outcomes Course Learning Outcomes can be found in the Course Handbook https://www.uow.edu.au/handbook/index.html.
eLearning, Readings, References and Materials Subject eLearning The University uses the eLearning system Moodle to support all coursework subjects. The subject Moodle site can be accessed via: https://moodle.uowplatform.edu.au/course/view.php?id=23365 IN ADDITION TO THE UOW ONLINE WOLLONGONG DISTANCE MOODLE SITE YOU WILL ALSO HAVE ACCESS TO THE REMOTE STUDY SUPPORT SITE. Remote Study Support Moodle site (TCHR054_20) is accessible to support your studies from remote locations around the globe until you can return to on campus study. This site will appear as an additional site on your list of active Moodle subject sites. This site contains comprehensive information with a range of resources related to teaching and learning as well as other student support information. Major Text(s) Custom text: 'Accounting 10th Edition', Hoggett, J., J. Medlin, K. Chalmers, C. Beattie, A. Hellmann, and J. Maxfield, 2018, Wiley: Australia. ISBN: 9780730363224, 9780730363019.
ACCY111 Subject Outline
Spring, 2020, Wollongong
Page 5 of 21
This book will be used for two subjects: Accounting Fundamentals in Society (ACCY111) and Accounting in Organisations (ACCY112) at the University of Wollongong. Available at the Wollongong Unishop for $145. Note: The print book includes a code for VitalSource app and interactive features inside the front cover of the print book. This is an interactive e-text containing multimedia resources to assist with your learning. You can access VitalSource through ACCY111 Moodle Site. E-text versions of this book can also be purchased from Wileydirect at: https://www.wileydirect.com.au/buy/accounting-10th-edition/ Digital E-text $65 - includes the complete digital interactive (downloadable) e-textbook and VitalSource app.
Textbook details are available online from the University Bookshop at https://unishop.uow.edu.au/ Key References Christ, K.L., Rao, K.K and Burritt, R.L. (2019) "Accounting for modern slavery: an analysis of Australian listed company disclosures", Accounting, Auditing & Accountability Journal, Vol. 32 Issue: 3, pp.836-865. Other readings and references will be available on ACCY111 Moodle site during the session. Recommended Background and Further Reading Additional materials will be placed on the ACCY111 Moodle site in their relevant week. Students are encouraged to engage with the financial news and press throughout this subject, to see the influence of accounting concepts in everyday business decisions. This is not an exhaustive list of references. Students should also use the library catalogue and databases to locate additional resources. Additional Materials Students are required to have a UOW approved calculator for use in exams for this subject.
ACCY111 Subject Outline
Spring, 2020, Wollongong
Page 6 of 21
Lectures, Tutorials and Attendance Requirements Lecture Times * Lectures will be held on: Day
Start Time
End Time
Room
Monday
09:30
11:30
Online
Lecture Program * Week Date
Topics Covered
1
All lectures will be pre-recorded and available on Moodle site (Google Chrome is recommended allow 'pop-up'). Lectures consist of Part A theoretical Chapter 1: All chapters refer component and Part B practical component. to the ACCY111 prescribed text book: Accounting 10th x Introduction to accounting Edition, Hoggett et al., (2018) x History and development of accounting discipline x Decision making and the role of accounting
03 Aug 2020
Readings
Financial statements for decision making x x
2
10 Aug 2020 x
common types of business entities the basic financial statements used in business to report to users for decision-making purposes x balance sheet x income statement x statement of changes in equity Chapter 2 and Chapter 10 x cash flow statement accounting equation
The Conceptual Framework x x
underlying assumptions for preparation of financial statements qualitative characteristics of financial statements
Recording transactions
3
17 Aug 2020
x x x x x
source documents the accounting cycle account formats double entry accounting general journal
Chapter 3
Recording transactions continued
4
24 Aug 2020
ACCY111 Subject Outline
x x x x
double entry accounting general journal T-ledger, running balance ledger trial balance
Spring, 2020, Wollongong
Chapter 3
Page 7 of 21
Adjusting the accounts
5
31 Aug 2020
x x x x
classification of adjusting entries adjusting entries for deferrals adjusting entries for accruals adjusted trial balance.
Chapter 4 pp.128-148
Adjusting the accounts continued x 6
07 Sep 2020
Preparing...