ACCT11059 - Accounting, Learning and Online Communication
Term 1 - 2017


All details in this unit profile for ACCT11059 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student). The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.

Overview

This unit introduces you to the role of accounting in business and to key financial and management accounting concepts. You will be given a different listed company and are introduced to the actual financial statements of your firm, completing simple analyses of your firm's financial statements using Excel. You will also be supported to develop your skills to learn more effectively and to communicate and collaborate online.

Details

Career Level Undergraduate
Unit Level Level 1
Credit Points 6
Student Contribution Band 3
Fraction of Full-Time Student Load 0.125

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Offerings

Term 1 - 2017
  • Brisbane
  • Bundaberg
  • Cairns
  • Distance
  • Gladstone
  • Mackay
  • Melbourne
  • Perth
  • Rockhampton
  • Sydney
  • Townsville

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Class Timetable

Assessment Overview

Assessment Task Weighting
1. Written Assessment 25%
2. Online Quiz(zes) 5%
3. Written Assessment 70%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Procedures for more details of interim results and final grades.

All University policies are available on the IMPortal.

You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
  • Refund and Excess Payments (Credit Balances) Policy and Procedure
  • Student Feedback – Compliments and Complaints Policy and Procedure
  • Acceptable Use of Information and Communications Technology Facilities and Devices Policy and Procedure

This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Feedback Source Recommendation
The usefulness of PeerWise to support people to read and understand the concepts each week would be improved if there were less poorly constructed questions. Feedback from students We will be more strict on deleting poorly constructed questions submitted on PeerWise.
A few students found it difficult to locate the Echo360 lectures in the early weeks of term. Feedback from students The location of lectures in the Echo 360 box on the left hand side of Moodle will be highlighted on the Moodle site and in communications to students at the beginning of term.
It would be good to have more support on developing and using blogs effectively to support people in the course to share their work and to interact with each other online. Feedback from students The use of blogs will be integrated more into each aspect of the assessments. Exemplars of blogs from people previously in the course will also be included on Moodle.
On successful completion of this unit, you will be able to:
  1. Explain the main types of financial statements
  2. Discuss the usefulness of accounting information to management
  3. Use accounting information to analyse the performance of a business
  4. Use Excel to perform simple manipulation and analysis of accounting-related information
  5. Develop skills to learn more effectively and better communicate and collaborate online.

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Written Assessment    
2 - Online Quiz(zes)      
3 - Written Assessment  

Alignment of Graduate Attributes to Learning Outcomes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5
1. Communication      
2. Problem Solving        
3. Critical Thinking        
4. Information Literacy          
5. Team Work        
6. Information Technology Competence        
7. Cross Cultural Competence          
8. Ethical practice          

Alignment of Assessment Tasks to Graduate Attributes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Written Assessment        
2 - Online Quiz(zes)            
3 - Written Assessment        

Textbook Information

There are no required textbooks. Note:

The key readings for the unit are the Study Guide materials which are provided on Moodle.

IT Resources

You will need access to the following IT resources:
  • Microsoft Office (word processing and spreadsheet)
  • Internet
  • CQUniversity Student Email
  • Unit Website (Moodle)
All submissions for this unit must use the American Psychological Association (APA) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorMartin Turner (m.turner@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 06-03-2017

Introduction: Learning & Online Communication

Introduction, 1

Start PeerWise: register and start writing and answering questions on the Introduction and Chapter 1

Work on ASS#1 Steps 1 & 2

Find out your Company: Friday (10 Mar 17) 5:00 PM AEST

Week 2 13-03-2017

A Way of Viewing Business/Accounting Rules

1,2

PeerWise: write, answer, rate and comment on questions on Chapters 1 and 2

Work on ASS#1 Steps 2 - 5

ASS#1 Step 1 Due Monday (13 Mar 17) 11:00 AM AEST

Week 3 20-03-2017

Introducing Financial Statements

3

PeerWise: write, answer, rate and comment on questions on Chapter 3

Work on ASS#1 Steps 3 - 6

ASS#1 Step 2 Due Monday (20 Mar 17) 11:00 AM AEST

ASS#1 Step 6: Post draft by Friday (24 Mar 17) 5:00 PM AEST

Week 4 27-03-2017

Introducing Financial Statements

3

PeerWise: write, answer, rate and comment on questions on Chapter 3

Work on ASS#1 Steps 3, 4 & 6

ASS#1 Step 6: Make sure you have given feedback to others by Thursday (30 Mar 17) 5:00 PM AEST

Week 5 03-04-2017

Analysing Financial Statements

3,4

PeerWise: write, answer, rate and comment on questions on Chapters 3 and 4

Work on ASS#2 Step 1

ASS#1 Due Monday (03 Apr 17) 11:00 AM AEST
Vacation Week 10-04-2017

PeerWise: write, answer, rate and comment on questions on Chapters 3 and 4

Work on ASS#2 Steps 1 & 3

Week 6 17-04-2017

Analysing Financial Statements

4

PeerWise: write, answer, rate and comment on questions on Chapter 4

Work on ASS#2 Step 3

ASS#2 Step 1 Due Monday (17 Apr 17) 11:00 AM AEST

Week 7 24-04-2017

Analysing Financial Statements

4, 5

PeerWise: write, answer, rate and comment on questions on Chapters 4 and 5

Work on ASS#2 Steps 2 & 3

ASS#2 Step 4: Post draft by Friday (28 Apr 17) 5:00 PM AEST

Week 8 01-05-2017

Understanding Key Cost Relationships & ASS#2 Discussion

6, 4

PeerWise: write, answer, rate and comment on questions on Chapters 4 and 6

ASS#2 Step 4: Make sure you have given feedback to others by Thursday (04 May 17) 5:00 PM AEST

ASS#2 Step 2 Due Monday (01 May 17) 11:00 AM AEST

Week 9 08-05-2017

Understanding Key Cost Relationships

6

PeerWise: write, answer, rate and comment on questions on Chapter 6

Work on ASS#2 Step 5

ASS#2 Steps 3 & 4 Due Monday (08 May 17) 11:00 AM AEST

Week 10 15-05-2017

Budgeting

7

PeerWise: write, answer, rate and comment on questions on Chapter 7

ASS#2 Step 5: Due Monday (15 May 17) 11:00AM AEST

Week 11 22-05-2017

Short-Term & Capital Expenditure Decisions

8

ASS#2 Step 6 Due Monday (22 May 17) 11:00AM AEST

PeerWise: write, answer, rate and comment on questions on Chapter 8

PeerWise Closes Friday (26 May 17) 5.00PM AEST

ASS#2 Step 10: Post draft by Friday (26 May 17) 5:00 PM AEST

Week 12 29-05-2017

Ratios Revisited & ASS#2 Discussion

4

ASS#2 Step 10: Make sure you have given feedback to others by Thursday(02 June 17) 5:00 PM AEST

Review/Exam Week 05-06-2017
ASS#2 Due Monday (05 Jun 17) 11:00 AM AEST
Exam Week 12-06-2017

No Exam in this unit



1 Written Assessment

Assessment Title ASS#1
Task Description

ASS#1 is the first part of your major assignment for this unit.

It is made up of six steps. Step 1 is due at 11.00am Monday Week 2. Step 2 is due 11:00am Monday Week 3.

You will be given your company at the end of Week 1.

This assignment will give you the opportunity to explore what your own company does and what your firm’s financial statements may have to tell you about your firm.

The key things to achieve in your ASS#1 is to find your company’s latest annual report and to have a look at it; to get a feel for what your firm actually does and what you are able to understand about your firm from your first look at its financial statements. You will also input your company’s last four years of financial statements into your spreadsheet.

As well, you will have the opportunity to experience how interacting with others in the unit may be able to help you to better understand your firm.


Assessment Due Date Week 5 Monday (03-Apr-2017) 11:00 AM AEST
Return Date to Students Week 6 Monday (17-Apr-2017)
Your ASS#1 will be marked promptly; and within 2 weeks. You will receive a mark, individual feeback, general feedback and exemplars.
Weighting 25%
Assessment Criteria
Mark
Step 1
KCQs 3
Step 2
Introductory words in Description box 1
Photo and description 1
Link to your blog/Set up blog 1
Step 3
Background information on company 2
Comments/KCQs 4
Comments on other’s blogs 2
Step 4
Input company’s financial statements 5
Step 5
KCQs 3
Step 6
Individual feedback with other students 3
TOTAL 25


Referencing Style American Psychological Association (APA)
Submission Online

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Explain the main types of financial statements

4. Use Excel to perform simple manipulation and analysis of accounting-related information

5. Develop skills to learn more effectively and better communicate and collaborate online.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

4. Information Literacy

5. Team Work

6. Information Technology Competence



2 Online Quiz(zes)

Assessment Title PeerWise
Task Description

We will be using PeerWise as a place for you to create, share and evaluate questions with others in the unit.

PeerWise is designed to be used each week throughout the unit.

Each week, PeerWise will support you to read the Study Guide (that's right each week), write multiple choice questions from your reading (including solutions), answer others questions and rate others questions. You can also comment on people’s questions, and people can then comment on your comments and so on.

You should aim to write at least 2-3 questions each week and answer (and rate) 20 – 30 questions each week.

It is a big advantage in PeerWise to start early in the unit; and to write high quality questions (and solutions).

Typically, on average, people will write about 25-30 questions during the unit and answer/rate about 250-300 questions. Some people will do much more; and others less.

Start by visiting PeerWise here:

http://peerwise.cs.auckland.ac.nz/at/?cqu_au

If you have not used PeerWise before, please click the "Registration" link and follow the prompts.

All you need to do is choose a user name and a password for your PeerWise account.

If you have used PeerWise before, simply log in and then select "Join a course" from the Home menu.

You will need to follow the information provided on Moodle in order to access our unit this term.

Number of Quizzes 1
Assessment Due Date Peerwise closes at 5pm AEST in Week 11. There is no need to submit anything concerning PeerWise in Moodle.
Return Date to Students Your scores from Peerwise will be transferred to Moodle promptly; and within 2 weeks.
Weighting 5%
Assessment Criteria

As you contribute to PeerWise, you will accumulate a Reputation score calculated in the software which is composed of three parts:

· writing questions (Questioning)

· answering questions (Answering), and

· rating questions you have answered (Rating).

To achieve a high score it is much better to have good scores for each of the three components than a very high score in just one (or two) components. It is particularly important not to have a zero (or near zero) score for any of the three components.

Answering and Rating scores at a similar level and your Questioning score at about one-tenth of your Answering and Rating scores can be a good balance. For example, a score of Questioning: 175; Answering: 1,750; and Rating: 1,750.

You can see your score in the top right-hand corner of PeerWise. We use the Reputation score (not the Answer score).

You will gain a mark out of 5 for your PeerWise contribution. This will be calculated according to the Peerwise grading guidelines available on Moodle.

The Unit Co-ordinator reserves the right to adjust the mark of any student if they engage in inappropriate behaviour on PeerWise. Inappropriate behaviour might include:

· Bullying, harassing or being rude to any other student.

· Contributing questions flagged as being easy, for example as ‘Easy’ or ‘Questions for Dummies’.

· Marking correct answers in bold or with other marks.

· Copying other student’s questions and contributing them onto PeerWise as your own (although it is understood that different students may independently contribute similar or even identical questions at times, and this is perfectly alright).

Please report to the Unit Co-ordinator any inappropriate behaviour on PeerWise.

Submission Hard copy

There is no need to submit anything concerning PeerWise in Moodle.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Explain the main types of financial statements

2. Discuss the usefulness of accounting information to management

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

4. Information Literacy



3 Written Assessment

Assessment Title ASS#2
Task Description

This assignment is the second stage of your major assignment for this unit. It is made up of ten steps. The first six steps are due progressively between Weeks 6-11.

Step 1: (5 marks)

Step 1 involves you writing down some of your ideas, reflections and reactions to reading Chapter 4 ‘Analysing Financial Statements’ in the Study Guide.

Step 2: (5 marks)

Step 2 involves you writing down some of your ideas, reflections and reactions to reading Chapter 6 ‘Understanding Key Cost Relationships’ in the Study Guide.

Step 3: (18 marks)

Step 3 involves you restating your firm’s financial statements.

Step 4: (3 marks)

Step 4 involves you providing (and receiving) feedback to three other students in our unit on their draft ASS#2 Step 3.

Step 5: (5 marks)

Step 5 involves you writing down some of your ideas, reflections and reactions to reading Chapter 7 ‘Budget for the Short Term’ in the Study Guide.

Step 6: (5 marks)

Step 6 involves you writing down some of your ideas, reflections and reactions to reading Chapter 8 'We Have Got to Make Some Decisions' in the Study Guide.

Step 7: (4 marks)

Step 7 involves you identifying three products or services of your firm and estimating their selling price and variable cost and calculating their contribution margins.

Step 8: (17 marks)

Step 8 involves you calculating some ratios for your firm (and its economic profit) and assessing its business performance.

Step 9: (5 marks)

Step 9 involves you developing a capital investment decision for your firm and completing a simple analysis of this decision using payback period, NPV and IRR.

Step 10: (3 marks)

Step 10 involves you providing (and receiving) feedback to three other students in our unit on their draft ASS#2 Steps 7-10.

Assessment Due Date Review/Exam Week Monday (05-Jun-2017) 11:00 AM AEST
Return Date to Students Exam Week Friday (16-Jun-2017)
Your ASS#2 will be marked promptly - and within 2 weeks. You will receive a mark, individual feedback, general feedback and exemplars.
Weighting 70%
Assessment Criteria
Mark
Step 1
KCQs – Chapter 4 5
Step 2
KCQs – Chapter 6 5
Step 3
Restated Statement of Changes in Equity 2
Restated Balance Sheet 5
Restated Income Statement 8
Commentary and discussion with others 3 18
Step 4
Individual feedback with other students (Steps 3 & 4) 3
Step 5
KCQs – Chapter 7 5
Step 6
KCQs – Chapter 8 5
Step 7
Identify three products or services of your firm 1
Estimate selling price, variable cost & CM 1
Commentary – contribution margins 1
Constraints – identify & commentary 1 4
Step 8
Calculation of ratios 8
Commentary – ratios 4
Calculate economic profit 2
Commentary – drivers of economic profit 3 17
Step 9
Develop capital investment decision for your firm 1
Calculation of payback period, NPV & IRR 3
Recommendation & discussion 1 5
Step 10
Individual feedback with other students (Steps 7 - 10) 3
TOTAL 70
Referencing Style American Psychological Association (APA)
Submission Online

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

2. Discuss the usefulness of accounting information to management

3. Use accounting information to analyse the performance of a business

4. Use Excel to perform simple manipulation and analysis of accounting-related information

5. Develop skills to learn more effectively and better communicate and collaborate online.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

2. Problem Solving

3. Critical Thinking

5. Team Work

6. Information Technology Competence




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