S2 Course Outline
S2 Course Outline
School of Accounting
ACCT1511
Accounting & Financial Management 1B
Course Outline
Semester 2, 2015
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Table of Contents
PART A: COURSESPECIFIC INFORMATION
COURSE DETAILS
2
3
3
3
3
6
6
6
7
7
ASSESSMENT
4.1Formal Requirements
4.2Assessment Details
9
9
COURSE RESOURCES
12
12
COURSE SCHEDULE
13
14
14
15
10
15
10.1
10.2
10.3
10.4
10.5
Workload
Attendance
General Conduct and Behaviour
Occupational Health and Safety
Keeping Informed
15
15
15
16
16
11
SPECIAL CONSIDERATION
16
12
18
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Staff
Dr Victoria Clout
Dr Per Tronnes
Dr Leon Wong
Email
v.clout@unsw.edu.au
p.tronnes@unsw.edu.au
leon.wong@unsw.edu.au
Room
Quad 3095
Quad 3091
Quad 3063
The Staff are available for consultation starting from Weeks 2 to 13 and STUVAC.
Consultation hours will be advised on Moodle in a consolidated timetable. Students are
encouraged to consult with staff face-to-face. Consultation will not be provided via email or
phone.
Content questions can ONLY be posted to the Discussion Board on Moodle. These questions
will not be answered by email.
Consultation times during Week 13 and STUVAC will likely vary and be posted on Moodle
later in the semester.
While emails to staff should be a rare occurrence as noted above, in instances where it is warranted
please make sure that:
You use your UNSW email address when corresponding with AFM1B staff. Emails from
other addresses are not accepted nor replied to.
You must use appropriate communication level with staff, emails and discussion board posts
that use short hand and SMS language are not acceptable, and communication must be in
English. If your email cannot be understood by staff will not reply.
You must identify yourself by your full name, student number and seminar details.
Please be aware that Staff will not reply to students to inform them if their
emails are noncompliant.
2 COURSE DETAILS
2.1
Seminars start in Week 1 and finish in Week 12. The time and location are as per myUNSW.
Students can only undertake assessments of this course in the seminar enrolled in on
myUNSW and in the group allocated.
If a student does not attend at least 80% of the seminars and this includes being physically
present for the full 2 hour seminar, then the student may be given a grade of unsatisfactory
fail (UF). Medical certificates can be provided to cover an absence from a seminar. A student
who leaves the 2 hour seminar before the seminar has concluded will be marked as absent.
Class conduct must consistent with the UNSW Student Code Policy:
https://www.gs.unsw.edu.au/policy/documents/studentcodepolicy.pdf
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2.2
Units of Credit
2.3
Summary of Course
Accounting and Financial Management 1A and 1B are part of the integrated first-year
accounting program designed to give students an understanding of the ways in which
financial information is generated within the corporation, and the uses of this information.
2.4
AFM1A is concerned with the analysis and design of a financial accounting system
which reflects the activities of an entity in the economic and legal environment, and
attempts to meet the information needs of parties in the present institutional and
regulatory environment. The assumptions and choices made in the design of such an
accounting information system are explored.
AFM1B builds on this introductory knowledge from AFM1A by showing ways in which
accounting information systems can accommodate more complex events and provide
additional reports. It further develops the preparation of the Balance Sheet, Income
Statement and Cashflow Statement. It also considers the analysis of financial
statements by users, the use of accounting information by the management within the
entity. AFM1B prepares you for further accounting courses and contains the
appropriate preparation for you in an accounting major.
This course is offered by the School of Accounting and is a core course for students
enrolled in the Bachelor of Commerce Major in Accounting (or Double-Major with
Accounting and some other major). To enrol in this course, the following pre-requisite
must have been satisfied ACCT1501: Accounting and Financial Management 1A. This
course is also a part of the core curriculum studies required by CPA Australia and the
Institute of Chartered Accountants in Australia (ICAA).
2.5
The Course Learning Outcomes are what you should be able to DO by the end of this
course if you participate fully in learning activities and successfully complete the assessment
items.
The Learning Outcomes in this course also help you to achieve some of the overall Program
Learning Goals and Outcomes for all undergraduate students in the Business School.
Program Learning Goals are what we want you to BE or HAVE by the time you successfully
complete your degree (e.g. be an effective team player). You demonstrate this by achieving
specific Program Learning Outcomes - what you are able to DO by the end of your degree
(e.g. participate collaboratively and responsibly in teams).
For more information on the Undergraduate Program Learning Goals and Outcomes, see
Part B of the course outline.
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The following table shows how your Course Learning Outcomes relate to the overall Program
Learning Goals and Outcomes, and indicates where these are assessed (they may also be
developed in tutorials and other activities):
Course Assessment
Item
In-class tests
Final Exam
In-class tests
Final Exam
3a
Written communication
Not specifically
assessed but a
minimum standard is
required in the final
exam
3b
Oral communication
Not specifically
assessed
Teamwork
Not specifically
assessed
5a.
5b.
Knowledge
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In this course, the focus is on your learning of knowledge with some preparation
required prior to each seminar, and then this knowledge is built on during the
seminars. Seminars, textbooks, exams and other resources are all provided to assist you in
your learning process. To assist your study, there are Notes provided for each seminar on
Moodle. These Notes set out the learning objectives for the week, indicate where to find the
required readings (e.g. in the textbook, on Moodle or website links) and the preparation
questions.
Accounting is a practical discipline and, as such, a significant part of this course is technical
in content. The most effective way to learn and be competent with the technical content is to
work on exercises and solve practical problems. To this end, seminar preparation questions
are provided to you for your pre-seminar practice. You are encouraged to discuss questions
raised while attempting these questions in the seminar, as this will further assist your
learning and articulation skills. Keeping up to date with the course materials is very important
and the material in each class builds on that covered in the prior seminars. Questions will be
used during the seminar for further learning and guidance on how to complete these
questions is provided by your tutor.
3.2
There are 12 weeks of seminars. You are expected to attend a 2-hour duration seminar
once a week from Week 1 to Week 12. Each seminar will contain lecture, tutorial and
group discussion components.
The purpose of each lecture component is to introduce and explain concepts that are critical
to the core themes of the course.
Tutorial and discussion components will cover materials introduced in the lecture component.
For your learning, the following four categories of questions are used in this course:
Preparation Questions:
These questions are to assist you in your pre-seminar learning and practice. Answers to
these questions will be provided on Moodle. You are advised to attempt these questions and
review the answers before attending each seminar.
PASS Questions:
These questions are demonstrated during PASS classes, but can also be attempted by
students on an individual self-study basis. Solutions are provided on Moodle.
Workshop Questions:
The seminar tutor will demonstrate a workshop question during the seminar. Students are
advised to print out and bring a copy of the workshop question template or be able to make
notes on a device. The onus is on the student to make notes in order to use the workshop
question solution to work through the seminar questions and as preparation for the in-class
tests.
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Seminar Questions:
These questions are past-exam questions and are to be worked on as a group. The seminar
tutor will assist the groups with the questions and provide a discussion during the seminar of
important points for these questions. The solutions of these questions are posted at the end
of each week however by the end of the seminar your group will have obtained a solution
which you can write down and take with you.
3.3
During the seminar a roll will be sent around the classroom. Each student must put their
signature on the roll and ensure that they have signed in. It is academic misconduct if a
student signs in for an absent student. The seminar tutor will be verifying whether each
student is physically present in the seminar. Students must not be more than 15 minutes late
past the hour to the seminar and must not leave the seminar early in order to have their
attendance recorded on the roll. If there is a valid reason for early departure this must be
stated in full to the seminar tutor at the beginning and recorded on the roll.
3.4
In order to obtain feedback on content questions you should in the first instance ask your
tutor during the seminar. As your group prepares an answer to a seminar question the tutor
will be providing feedback to the group as a whole and to individuals where needed.
Students must take notes during the seminar in order to obtain the full benefit of the seminar.
Notes can be taken in paper form or on electronic devices such as laptops, tablets, etc. In
order to be able to answer seminar questions during class students need to come to the
seminar prepared i.e. having watched the podcast, completed the preparation questions
and looked at the Workshop and Seminar Questions (printed or brought an electronic copy to
the seminar).
Staff Consultation: from week 2
Staff consultation times provide a friendly opportunity to meet with one of the lecturing team
in a different environment in which to address your general areas of difficulty in the course.
This is a face-to-face opportunity to have your questions answered. Specific questions are
welcome. Staff consultation can also be used to ask general questions, like Im having real
difficulty in applying the definition and recognition criteria of assets. Can you please help
me? The full-time teaching staff of 1B are available for consultation whether you take 5 or 50
minutes. As such, you are wasting resources by NOT attending. However, note that during
busy times staff will try to accommodate as many students as possible. The casual staff will
be available during the STUVAC week for consultation prior to the final exam.
Peer Assisted Study Sessions (PASS): from week 2
PASS is an integral component of ACCT1511. They are alternative consultations sessions in
a more informal setting. Feel free to walk-in and walkout anytime or stay for the entire 2
hours. PASS leaders are third year students who have gone through a similar experience
and can understand and empathise with your situation.
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In these sessions your PASS leader will help you revise lecture, workshop and tutorial
materials from previous weeks, and answer any questions (whether general or specific) that
you may have.
For more information see:
https://www.business.unsw.edu.au/students/resources/learning-support/peermentoring/peerassisted-study-sessions-(pass)
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4 ASSESSMENT
4.1
Formal Requirements
All assessment tasks are compulsory. This ensures that you have every opportunity to
illustrate your knowledge of the course material. Failure to complete an assessment task
may result in students being refused permission to sit the Final Examination, and being given
an Unsatisfactory Fail (UF) grade for this course.
In order to pass this course, you must:
In accordance with the university policy, you are expected to attend at least 80% of all
classes (i.e. 80% of seminars).
4.2
Assessment Details
There are a number of reasons for having assessable tasks as part of an academic program.
The assessable tasks are designed to encourage you to explore and understand the subject
more fully. The fact that we grade your work provides you with an indication of how much you
have achieved. Providing feedback on your work also serves as part of the learning process.
This course uses 2 main assessment pieces In-Class Tests and Final Exam. The final
exam assesses knowledge of the learning outcomes in all topics.
The final composite mark for AFM1B will be calculated as follows:
Assessment Task
Weighting
3 In-Class Tests
30%
Final Exam
70%
Total
100%
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Length
Due Date
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Quality Assurance
The Business School is actively monitoring student learning and quality of the student
experience in all its programs. A random selection of completed assessment tasks may be
used for quality assurance, such as to determine the extent to which program learning goals
are being achieved. The information is required for accreditation purposes, and aggregated
findings will be used to inform changes aimed at improving the quality of Business School
programs. All material used for such processes will be treated as confidential.
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5 COURSE RESOURCES
The Prescribed Textbook is:
Trotman, K., Gibbins, M. and Carson, E. (2013) Financial Accounting: An Integrated
Approach, 5th edition, Cengage Learning.
You should have a copy of the above textbook as it was used in AFM1A previously. There
are many second-hand copies available and we use textbook questions as preparation and
PASS questions.
Access to the Management Accounting Supplements for the 5th edition is via the instructions
provided with the textbook MAC card (not the other card that is about general resources).
The supplementary chapters can be purchased individually using the details provided on
Moodle. The Supplement will not be made available by staff due to copyright restrictions.
Recommended resources:
Trotman, Gibbins and Carson (2013) Financial Accounting Student Study Guide,
Cengage, (copies available in the UNSW Library).
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7 COURSE SCHEDULE
Wk
1
Topic
Financial Reporting Principles &
Accounting Standards
Assets (1):
Application of Financial Reporting
Principles
Assets (2):
Application of Financial Reporting
Principles
Liabilities:
Application of Financial Reporting
Principles
Completing the Balance Sheet
TGC
Ch 6.1-6.3, 6.56.7 (inclusive)
PASS
P 6.3
P 6.15
PREP
P 5.9; 5.13(1&2 only);
5.16; 5.24; 6.4 (issues
1, 3, 4, 5, 6, 7 only)
P 6.16, 6.12, 10.18,
10.24
P 10.21
P 11.6
Ch 12.3-12.9 inc,
11.6
PP D
Ch 12 DQs
5,6,7,9,13,14
P 12.11, 12.12, 12.15,
12.17
Ch 13 Practice
Problems B, C and D
Ch 2.8, Ch 13
(pp. 565-584)
P 13.9
(Ch 4 revision),
14.1-14.3 inc
Ch 14
PP A(1),
C
Ch 14.4-14.8
Ch.15
Ch 14
PP A
part 2,
PP B
See
Moodle
10
Ch.16
See
Moodle
11
M3*
Practice Prob. A, B*
12
Budgeting
See
Moodle
See
Moodle
13
No Seminars
M5*
Ch 14 DQ 1,4,6, P:
14.1, 14.2, 14.3, 14.4,
14.10, 14.11, 14.12,
14.15, 14.16,
Ch 14 DQs 2, 3, 5, 7, 8,
9, 10, 11, Ps 14.5 to
14.9, 14.17, 14.18,
14.19
Case 15A, 15D
P M5.9*
Notes: PP = Practice Problem; P = Problem; DQ = Discussion Question, * readings with this symbol
come from the Management Accounting Supplement to the TGC textbook, where these chapters are
accessible online as an e-book using your MAC card that came with the textbook, otherwise without
the card you will need to purchase the e-chapters in addition to the TGC textbook.
Public Holidays: Where a seminar is affected by a public holiday students may attend
another seminar for their own learning (see Moodle for the timetable). They will be
automatically recorded as being present in that week regardless of whether they actually
attend another seminar in that week. For example Monday seminars will not be offered on 5
October due to Labour Day public holiday.
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10.1 Workload
It is expected that you will spend at least nine to ten hours per week studying this course.
This time should be made up of reading, research, working on exercises and problems,
online activities and attending classes. In periods where you need to complete assignments
or prepare for examinations, the workload may be greater. Over-commitment has been a
cause of failure for many students. You should take the required workload into account when
planning how to balance study with employment and other activities.
We strongly encourage you to connect with your Moodle course websites in the first week
of semester. Local and international research indicates that students who engage early and
often with their course website are more likely to pass their course.
Information on expected workload: https://student.unsw.edu.au/uoc
10.2 Attendance
Your regular and punctual attendance at lectures and seminars is expected in this course.
University regulations indicate that if students attend less than 80% of scheduled classes
they may be refused final assessment. For more information, see:
https://student.unsw.edu.au/attendance
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11 SPECIAL CONSIDERATION
You must submit all assignments and attend all examinations scheduled for your course. You
should seek assistance early if you suffer illness or misadventure which affects your course
progress.
General information on special consideration for undergraduate and postgraduate
courses:
1. All applications for special consideration must be lodged online through myUNSW
within 3 working days of the assessment (Log into myUNSW and go to My
Student Profile tab > My Student Services > Online Services > Special
Consideration). You will then need to submit the originals or certified copies of your
completed Professional Authority form (pdf - download here) and other supporting
documentation to Student Central. For more information, please study carefully in
advance the instructions and conditions at: https://student.unsw.edu.au/specialconsideration
2. Please note that documentation may be checked for authenticity and the submission
of false documentation will be treated as academic misconduct. The School may ask
to see the original or certified copy.
3. Applications will not be accepted by teaching staff. The lecturer-in-charge will be
automatically notified when you lodge an online application for special consideration.
4. Decisions and recommendations are only made by lecturers-in-charge (or by the
Faculty Panel in the case of UG final exam special considerations), not by tutors.
5. Applying for special consideration does not automatically mean that you will be
granted a supplementary exam or other concession.
6. Special consideration requests do not allow lecturers-in-charge to award students
additional marks.
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Business School policy on requests for special consideration for Final Exams in
undergraduate courses:
The lecturer-in-charge will need to be satisfied on each of the following before supporting a
request for special consideration:
1. Does the medical certificate contain all relevant information? For a medical
certificate to be accepted, the degree of illness, and impact on the student, must
be stated by the medical practitioner (severe, moderate, mild). A certificate without
this will not be valid.
2. Has the student performed satisfactorily in the other assessment items?
Satisfactory performance would require all assessment tasks attempted and a
satisfactory result in each assessment item specified in the Course Outline and
meeting the obligation to have attended 80% of seminars.
3. Does the student have a history of previous applications for special consideration?
A history of previous applications may preclude a student from being granted
special consideration.
Special consideration and the Final Exam in undergraduate courses:
Applications for special consideration in relation to the final exam are considered by a
Business School Faculty panel to which lecturers-in-charge provide their recommendations
for each request. If the Faculty panel grants a special consideration request, this will entitle
the student to sit a supplementary examination. No other form of consideration will be
granted. The following procedures will apply:
1. Supplementary exams will be scheduled centrally and will be held approximately
two weeks after the formal examination period. The dates for Business School
supplementary exams for Semester 2, 2015 are:
8th December exams for the School of Accounting
9th December exams for all Schools except Accounting and Economics
10th December exams for the School of Economics
If a student lodges a special consideration for the final exam, they are stating they
will be available on the above dates. Supplementary exams will not be held at
any other time.
2. Where a student is granted a supplementary examination as a result of a request
for special consideration, the students original exam (if completed) will be ignored
and only the mark achieved in the supplementary examination will count towards
the final grade. Failure to attend the supplementary exam will not entitle the
student to have the original exam paper marked and may result in a zero mark for
the final exam.
If you attend the regular final exam, you are extremely unlikely to be granted a
supplementary exam. Hence if you are too ill to perform up to your normal standard in the
regular final exam, you are strongly advised not to attend. However, granting of a
supplementary exam in such cases is not automatic. You would still need to satisfy the
criteria stated above.
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The Business Schools Special Consideration and Supplementary Examination Policy and
Procedures for Final Exams for Undergraduate Courses is available at:
www.business.unsw.edu.au/StudentsSite/Documents/supplementary_exam_procedures.pdf.
Special consideration and assessments other than the Final Exam in undergraduate
courses:
For the in-class tests there will be no Supplementary opportunity to take this assessment
item. If you are absent due to illness you must apply for Special Consideration using
myUNSW. This application must include an attached medical certificate scanned-in or
photographed. For a medical certificate to be accepted, the degree of illness, and impact on
the student, must be stated by the medical practitioner (severe, moderate, mild). A certificate
without these details will not be valid.
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