BUSINESS SCHOOL

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ACCT1005
Accounting, Business and Society
Semester 1 2011

Unit of study outline

Unit Coordinator: Peter Edwards
Phone: 61 2 9351 3899
Email: peter.edwards@sydney.edu.au
Office: Rm 309, Economics and Business Building (H69)

Staff:
Associate Professor Rosina Mladenovic-McAlpine
Phone: 61 2 9351 6991
Email: rosina.mladenovic@sydney.edu.au
Office: Rm 340, Economics and Business Building (H69)

Abdul Razeed
Phone: 61 2 9351 6991
Email: abdul.razeed@sydney.edu.au
Office: Rm 428, Economics and Business Building (H69)

Wesley Hamilton-Jessop
Phone: 61 2 9114 0757
Email: wes.hamilton-jessop@sydney.edu.au
Office: Rm 330, Economics and Business Building (H69)

Consultation Times:
Staff consultation times are available on Blackboard (blackboard.econ.usyd.edu.au).

Lecture days and times:

'Stream 1' Tuesday 16:00-17:30 in Bosch Lecture Theatre 2 or
'Stream 2' Wednesday 13:30-15:00 in Chemistry Lecture Theatre 1 or
'Stream 3' Wednesday 16:00-17:30 in Merewether Lecture Theatre 1 or
'Stream 4' Thursday 15:00-16:30 in Merewether Lecture Theatre 1

Tutorials:
Students are required to attend a 1.5 hour tutorial each week. These are scheduled by the
university timetable system. You must attend at least 80% of your allocated tutorial classes in
order to obtain a passing grade in the unit of study. A list of regular tutorial times and rooms will
also be posted on Blackboard once semester is underway.

All changes to tutorial timetabling must be completed at the Business School Student
Information Office during the first week of semester. No changes to tutorial times will be
permitted after this time.

Academic staff do not process tutorial change requests.


ACCT1005 UNIT OF STUDY OUTLINE
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1. Unit of study information
1.1. School handbook description
This unit canvasses the fundamentals of accounting the language of business. It is directed to
providing a broad understanding of the role of accounting in business and society. It seeks to develop
an understanding of the economic-cum-financial and social repercussions of accounting, as well as a
brief inculcation of the technical skills in manipulating numerical abstractions. It is accounting in an
action setting designed to show that there are many uses of accounting data.

Uses by numerous types of investors (individuals, institutional shareholders, creditors), employees,
the government and others are considered. Starting from an accountability focus, it moves to a
decision making focus both functions are explained through recourse to the double entry equation,
augmented by primarily an output (financial statements) perspective, accounting is demonstrated to be
related to many decisions.

There are many organisational forms that are considered - sole traders, partnerships, corporations,
other types of corporate joint ventures and associations and the unit considers accounting from both
the private and public sector perspectives. Accounting is shown to provide necessary information to
allow varied interests to make informed decisions. Those decisions can be considered as being both
internal and external to the firm.

This unit demonstrates how accounting influences the way societal elements interact and government
taxes are levied. Some more technical aspects of the elements of accounting are outlined within
the accounting equation, the elements of assets, liabilities, revenues and expenses are examined
within simple, familiar settings. Differing sectors private (listed entities primarily) and public (non-listed
entities) are shown to be equally dependent on accounting. As well as the conventional financial
reports balance sheet, profit and loss, cash flow statements - students are exposed to the more
recent statements such environmental and corporate social responsibility reports. Accounting issues
are also explored within a governance framework.

1.2. Pre-requisite units
This is a restricted unit and is available only to students in the BCom. There are no pre-requisite units
of study for this unit.

1.3. Assumed knowledge and/or skills
Assumed knowledge: 2-unit HSC mathematics.

1.4. Workload requirement
It is expected that you will spend an average of 9-12 hours of work per week per 13 week semester
and produce approximately 4,500-6,000 words or equivalent of work. This time should be made up of
reading research, working on exercises and problems and participating in classes. In periods where
you need to complete assignments or prepare for examinations, the required workload may be
greater.

2. Learning aims and outcomes
2.1. Aims of the unit
This accounting unit is both an introduction to accounting studies and a core unit in the B.Com.
Therefore the goals of this unit are consistent with the B.Com. program goals, which are:

1. Understand contemporary business contexts and the role of commercial, economic and
business fundamentals in those contexts

2. Critically analyse and interpret commercial, economic and business information to develop
solutions and responses to business problems and challenges

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3. Communicate effectively, both orally and in writing, including the ability to negotiate and
persuade in a business context

4. Work effectively in organisations with diverse colleagues, in teams, and with clients, institutions
and other stakeholders

5. Learn and creatively apply new commercial, economic and business knowledge

6. Develop discipline-specific expertise developed in a major or majors and be able to apply that
expertise in a broad business context

7. Able to demonstrate generic and professional skill development.

Specifically, the way in which this unit seeks to develop each of these program goals, together with the
desired Graduate Attributes and the generic skills typically identified by employers, is summarised
below.

1. Understand accounting fundamentals (principles and concepts) and their application.

2. Begin to develop the ability to think critically about accounting concepts and assumptions.

3. Explore the manner in which different systems of accounting influence public policy and the
allocation of economic resources within society.

4. Be able to confidently and coherently communicate to a professional standard.

5. Demonstrate a capacity to work professionally and independently (or in teams) to plan and
achieve goals, meet new challenges and deadlines.

6. Be able to obtain accounting and related financial information using archives, libraries, the web
and other sources of information.

7. Read and interpret the main output of the accounting processes.

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2.2. Program Learning Goals and outcomes
The Business School is also required to assure students achievement of program learning
outcomes (or assurance of learning) in specified graduating units for a number of internal and
external stakeholders, such as alignment to the University of Sydney Business School strategic
learning and teaching goals, and accreditation for the Association to Advance Collegiate Schools of
Business (AACSB).

ACCT1006 introduces seven program learning outcomes (PLO) and associated learning goals for
the Bachelor of Commerce (Accounting Specialisation), namely outcomes 1 to 7 as follows:


Program Learning Goals

The Bachelor of Commerce
aims to develop each graduate to be:
Accounting specialisation Program Learning
Outcomes
1. able to understand contemporary
business contexts and the role of
commercial, economic and business
fundamentals in those contexts.
1. Demonstrate an understanding of the role of
accounting, including how it is integrates with
related disciplines and/or social and ethical
dimensions, within contemporary business
contexts.
2. able to critically analyse and interpret
commercial, economic and business
information to develop solutions and
responses to business problems and
challenges.
2. Analyse and critically interpret accounting
information and reports, in response to users
needs and business problems and challenges.
3. able to communicate effectively, both
orally and in writing, including the ability
to negotiate and persuade in business
context.
3. Communicate ideas, findings or arguments in a
clear and persuasive way in a professional
business report and/or oral presentation in a
given business or accounting context
4. Able to work effectively in organisation
with diverse colleagues, in teams, and
with clients, institutions and other
stakeholders.
4. Demonstrate the ability to work collaboratively
and effectively with others or in a team or a
group, simulating real work life with
colleagues, clients, institutions or stakeholders.
5. Able to learn and creatively apply new
commercial. Economic and business
knowledge.
5. Apply newly learned accounting concepts and
techniques to new contexts and scenarios
6. able to develop discipline-specific
expertise developed in a major or majors
and be able to apply that expertise in a
broad business context
6. Develop technical competency in accounting
skills/techniques, and understanding of
accounting principles, concepts and theory, so
as to be able to demonstrate their application
in a business scenario/context.
7. able to demonstrate generic and
professional skill development



7. Demonstrate basic competency in selected
generic skills that include: routine skills (e.g.
essay writing, referencing); analytical/design
skills (e.g. interpreting data /reports;
appreciative skills, personal and inter-personal
skills (e.g., critical/strategic thinking); business
communication and computer literacy (spread
sheets)
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2.3. Learning outcomes
Learning outcomes, learning and teaching activities & assessment
I ntended learning outcomes
At the completion of Accounting, Business and Society, students should meet the following learning goals:
University of Sydney
Graduate Attributes
BCom
Program Goals
ACCT1005
Learning Outcomes

Learning Activities
Assessment
This unit aims to assist students to develop proficiencies in relation the following
learning outcomes
Tutorial with
Regular
reflection task
(15%)
Assignment
(15%)
Midterm
Exam (20%)
Final
Exam
(50%)
Research and Inquiry:
Graduates of the Faculty of
Economics and Business will
be able to create new
knowledge and
understanding through the
process of research and
inquiry.
1. Understand
contemporary business
contexts and the role of
commercial, economic and
business fundamentals in
those contexts
2. Critically analyse and
interpret commercial,
economic and business
information to develop
solutions and responses to
business problems and
challenges
1. Understand accounting
fundamentals (principles and
concepts) and their application
2. Begin to develop the ability to
think critically about accounting
concepts and assumptions
3. Explore the manner in which
different systems of accounting
influence public policy and the
allocation of economic resources
within society
Read assigned materials
Attend and actively
participate in class
exercises and discussion
Complete homework and
self study questions
Revise materials for exam
preparation
Coherent understanding of accounting principles
Critically evaluate the application of accounting principles and
concepts
Awareness of the users of accounting information and their
decision needs
Evidence of critical thinking in discussion and solutions
presented

Communication:
Graduates recognise and
value communication as a
tool for negotiating and
creating new understanding
with others and furthering
their own learning.
3. Communicate
effectively, both orally and
in writing, including the
ability to negotiate and
persuade in a business
context
4. Be able to confidently and
coherently communicate to a
professional standard
Completion of weekly
exercises and discussion
Participate effectively in
class discussion and
optional group study
Take effective study notes
Clear and professional presentation of all submitted work
Clear articulation of assumptions made
Clear explanation of accounting concepts (as required)
Timely submission of assessment items
Personal and
Intellectual Autonomy:
Graduates will be able to
work independently and
sustainable, in a way that is
informed by openness,
curiosity and a desire to
meet new challenges.
4. Work effectively in
organisations with diverse
colleagues, in teams, and
with clients, institutions
and other stakeholders

7. Demonstrate generic and
professional skill
development

5. Demonstrate a capacity to
work professionally and
independently (or in teams) to
plan and achieve goals, meet new
challenges and deadlines
Timely completion of
homework and online
assignment
Weekly reflection and
self-assessment
Additional learning
activities as required
(eg PASS, independent
study)
On-time
attendance
and active
participation
Careful self-
reflection on
results of
class work
and
preparation
Careful
planning and
completion
of assigned
work
Timely
submission
of
assignment
Exhibit a professional
approach to exams and
assignments
Honest & independent work
Effective time management
Effective exam preparation
Clear presentation of work
ACCT1005 UNIT OF STUDY OUTLINE
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University of Sydney
Graduate Attributes
BCom
Program Goals
ACCT1005
Learning Outcomes

Learning Activities
Assessment
This unit aims to assist students to develop proficiencies in relation the following
learning outcomes
Tutorial with
Regular
reflection task
(15%)
Assignment
(15%)
Midterm
Exam (20%)
Final
Exam
(50%)
Information Literacy:
Graduates will be able to use
information effectively in a
range of contexts.
5. Learn and creatively
apply new commercial,
economic and business
knowledge

6. Develop discipline-
specific expertise developed
in a major or majors and be
able to apply that expertise
in a broad business context
6. Be able to obtain accounting
and related financial information
using archives, libraries, the web
and other sources of information
7. Read and interpret the main
output of the accounting
processes
Obtain and read assigned
& further study materials
Complete required
analyses / evaluation
Conduct research using
various information
sources
Be able to support and
justify answers obtained
Be able to interpret and
discuss / describe accounting
information contained in
questions and problems
Provide correct solutions to
accounting problems
Independently locate and
make use of additional
reference sources if needed
Be able to correctly
interpret accounting
information in questions
and problems
Demonstrate effective
integration of analyses and
results
Provide correct solutions to
exam exercises and
problems

BUSINESS SCHOOL

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3. Assessment
Assessment items Relevant unit
learning outcome/s
Word
length
Weight Due Date Closing Date
Tutorial Work*

1,2,3,4,5,6,7 1,000 15% Each Week Each Week
Major Assignment 1,2,3,4,5,6,7 1,000 15% Week 9
2 May 1pm
5 days after due
date
Mid Semester Exam

1,2,3,5,7 1,500 20% Week 7
15 April 7pm
Date of Exam
Final Exam

1,2,3,5,7 2,500 50% Exam Period Date of Exam
Academic honesty module **

2,3,6,7 N/A 0% Week 4 25 June 2011
* Students must attend at least 80% of their timetabled tutorial classes to receive a passing mark in the unit.
** Students must complete the academic honesty module in Blackboard with a mark above 80% by the final day of exams, or
an Absent Fail (AF) grade will be given for the entire unit. Students can complete the module multiple times until this
grade is achieved. Students who completed the module with a score of 80% or above last semester do not need to do it
again.

The major assignments must be submitted electronically via Blackboard using Turnitin. Assignments
submitted electronically via Turnitin do not require cover sheets. Ensure that your student ID number
(SID) is in the top right hand corner of each page for individual assignments and the Group name or
number plus SID of all members is in the top right hand corner for group assignments. Full information
about how to prepare assignments for electronic submission can be found in the Turnitin Student
Guide:
http://blackboard.econ.usyd.edu.au/webapps/portal/frameset.jsp?tab_tab_group_id=_20_1

Should submission problems occur, students should contact Business eLearning Support first on
61 2 9036 6433 or business.elearning@sydney.edu.au or the Unit Coordinator as soon as possible.

3.1. Detailed assessment information

Tutorials (weekly)
The assessment will comprise a group presentation mark and a mark based on the weekly reflective
task. Note that it is a unit requirement that students must attend at least 80% of their allocated tutorial
classes in order to receive a passing grade in the unit. Students are expected to attempt tutorial
questions prior to attending their tutorial class. Marks will be awarded for competent student
participation in tutorial classes. Students are expected to have prepared for the tutorials by doing the
assigned reading and practising any techniques taught.

In addition students must complete a weekly task which is intended to help students learn to reflect,
self-evaluate and improve learning outcomes and learning processes. The reflective tasks have been
developed to help you become responsible for your own learning, become an independent learner and
achieve good learning outcomes.

The tutorial will provide an environment in which students can work through problems with the help of
a tutor, and discuss assigned questions and problems and prepare responses to them. The tutorial
provides an opportunity for students to discover what they understand (and also demonstrate their
understanding by explaining technical concepts to other tutorial members) and/or what they do not
understand (and can ask questions of other tutorial members). Tutorials are not intended to be mini-
lectures by the tutor but a place for shared learning experiences with the tutor acting as a facilitator for
this process. You are strongly encouraged to bring your queries to the relevant tutorial class
throughout semester and discuss these queries in class.
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Where a student is unable to attend a tutorial class due to illness or unforseen misadventure, they
may submit a request for special consideration, with appropriate documentation, to the SIO. Please
note the minimum attendance requirements outlined on Blackboard.

Note: there are no tutorial classes in week 1. All tutorial changes are to be made via the online
University Timetabling system. Academic staff do not process tutorial changes. NO changes to tutorial
times permitted after week 2.

If a student misses a number of tutorial classes they may, if they meet the criteria for special
consideration due to serious illness or misadventure, submit an application for special consideration
directly to the SIO (NOT to their tutor). These should be submitted only if a substantial number of
tutorial classes have been missed.


Assignment
This assignment is a written response to an evidence based case analysis. Submissions are to be of
a business quality and should be between 750 and 1,000 words. Assignments must be submitted
electronically via Blackboard. The assignment is due at 1pm on Monday, 2 May 2011.


Mid-Semester Exam
The mid-semester exam will be held on 15 April 2011 at 7pm. This one hour exam will test material
covered in the first 6 weeks, including lecture, tutorial and reading content. The exam will be
conducted in several venues please check your University Timetable for details of your assigned
venue.

Students must enter their name, student number and tutorial details correctly on their exam paper and
on the multiple choice answer sheet. You must bring a non-programmable calculator, a black or blue
pen and your USyd Student Identity Card to the exam.

Further details about the structure of the mid-semester exam and the materials that students are
permitted to bring into the exam venue will be provided on Blackboard two weeks before the exam
date. Please ensure you read these instructions before the exam.

Students who cannot sit the mid-semester test due to timetable clashes MUST contact a senior tutor
to arrange a clashing exam time; this will be immediately before or after the scheduled exam.

Final Exam
The final exam will be held during the University Exam Period. The exact time will be available on the
universitys website later in the semester. It may cover topics from the entire unit of study. Additional
information will be provided prior to the examination.


3.2. Referencing style and style guide
The referencing and style guide that should be used in all assessments in this unit is of the Harvard
Style. A copy of these requirements is posted to Blackboard, or see:
http://www.wiley.com/bw/submit.asp?ref=0810-5391&site=1


3.3 Feedback on assessment
Timely feedback (which may be written, oral, class discussion, peer review, online feedback etc) is
intended to help you to improve your learning during the unit.

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Feedback on performance is a valuable tool to guide and direct student learning. Feedback on
assessments should be taken seriously. Students will receive the following feedback:

Weekly tutorials and discussion provides timely, regular feedback for students on their
understanding of content and ability to apply concepts and processes to practical problems.
Students are also provided with solutions for homework questions to further assist in this
process. Occasion

Feedback for the mid-semester exam is provided in a number of ways. Marks for the mid-semester
exam will be posted into the Blackboard Grade Book as soon as marking is completed and results
have been compiled and checked. A summary of markers comments will be posted on Blackboard
providing a general indication of topics done well by the majority of students, outlining common
mistakes made by students and providing suggestions as to how students might improve.

The exam paper will be returned to students to review their paper to help students identify those areas
in which they have, or have not, been able to demonstrate a sound understanding of accounting
concepts and processes.

Students can expect exam marks to be returned in a timely nature, generally within three
weeks. Any student wishing to receive further feedback is encouraged to ask for it - preferably during
staff consultation hours.

Solutions to lecture demonstration questions presented in lectures provide students with the
opportunity to determine how well they have understood the concepts presented.

Staff consultation times can be utilised to provide students with individual face-to-face feedback.
Blackboard discussion board has numerous forums for students to post questions regarding course
content. The lecturers will answer questions posted within three to four business days.
Feedback on the Group Written Presentation is provided on a feedback/marking sheet that will be
returned with your group written presentation. Immediate feedback on your tutorial group presentation
will be given in tutorials.

Final marks will be made available by the University and not by the unit of study coordinator or other
unit of study staff.

3.4. Academic honesty, plagiarism, legitimate cooperation and groupwork
Commencing students should complete the academic honesty module available via Blackboard before
their first assessment submission. Students should refer to Business School and University policies on
academic dishonesty and plagiarism
(sydney.edu.au/business/currentstudents/student_information/student_administration_manual),
copyright (sydney.edu.au/senate/policies/Intellectual_Property_Rule.pdf) and the All your own work
website (sydney.edu.au/secretariat/students/plagiarism_index.shtml) for information about legitimate
cooperation, group work, how to reference correctly and how to avoid plagiarism.

Academic honesty is important to protect students' right to receive due credit for work submitted for
assessment. It is clearly unfair for students to submit work for assessment that dishonestly represents
the work of others as their own and gain marks and degrees, which are not based on their own efforts
and abilities. Deliberate breaches of academic honesty constitute academic misconduct. These
breaches include: plagiarism, fabrication of data, recycling previously submitted material, engaging
someone else to complete an assessment on ones behalf and misconduct during supervised
assessments.

The penalties for academic misconduct may include: a mark of zero on the assessment; a fail grade in
the unit of study, additional assessment (including an unseen exam), and reference of the matter to
the University Registrar.

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All assessments will be checked for plagiarism. Where plagiarism is suspected, the assessment will
be fully checked and monitored using manual process, Google checks and also electronic plagiarism
detectors. In order to do this, the Business School may reproduce the assessment, provide a copy to
another member of the Business School, and/or communicate a copy of this assignment to a
plagiarism checking service (which may then retain a copy of the assignment on its database for the
purpose of future plagiarism checking).

Academic dishonesty involves more than just copying material. Cooperation and helping other
students may at times trigger academic dishonesty proceedings if it appears you have worked too
closely with another student.

In this unit,
1. Tutorial preparation & written work These are an individual assessment except
for the group presentation which is a group
assignment.
2. Major Assignment This is an individual assessment
3. Mid Semester Exam This is an individual closed book exam
4. Final Exam This is an individual closed book exam

Individual assignments must be written and prepared alone. You may consult with other students
about ideas and possible research sources but the analysis and writing of the assignment must be
done alone. Group assignments should be prepared within the group. Students should contribute fully
to the group and take part in all group activities, contributing ideas, analysis and writing to the final
product. While students within the group should assist each other freely, students should not carry this
level of cooperation outside the group. One group may cooperate and help another group about ideas
and possible research sources but the analysis and writing of the assignment must be done by the
group alone.

4. Texts and other resources
The prescribed texts for this unit is

Birt, J., K. Chalmers, S. Byrne, A.Brooks and J.Oliver, 2010, Accounting: Business Reporting
for Decision Making, 3ed. Wiley.

A study guide is also available as an optional purchase.

Other materials may be provided from various Books, Textbooks, Journal articles and Newspaper
articles (cuttings). Students can access these through Blackboard.

5. University and Business School policies and support
5.1. Business School policies
Business School policies are contained in the Administration Manual for Students:
sydney.edu.au/business/currentstudents/student_information/student_administration_manual.

It is crucial that you take the time to consult this manual early in your studies in order to familiarise
yourself with policies and procedures relating to critical issues such as the Business Schools policy on
special consideration (including requirements and timelines. e.g. lodging applications five working
days after a missed assessment), appeals (lodge within 15 working days of the decision) and other
policies such as enrolment, credit etc. Assistance is available from the Business Schools Student
Information Office (sydney.edu.au/business/student_information_office).

5.2. University policies
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University policies: sydney.edu.au/policy
Assistance is available from the Universitys Student Centre:
sydney.edu.au/current_students/student_administration
The code of conduct is an important policy which outlines the Universitys expectations about
treating all staff employees and students with respect, dignity, impartiality, courtesy and
sensitivity and refrain from acts of discrimination, harassment or bullying:
sydney.edu.au/ab/policies/Student_code_conduct.pdf

5.3. Student resources and services
Links to other student services and resources are included on Blackboard and on the learning and
teaching section of the Business School website: sydney.edu.au/business/learning

6. Continual improvement of the Unit
6.1 Past Feedback
This is a new offering; no prior feedback is available.

6.2 Improvements made
This is a new offering; no prior feedback is available.

6.3. How feedback will be collected
Your feedback on this unit of study will be collected via i) student representatives by way of a short
meeting attended by all teaching staff in accounting discipline, and ii) a unit of study evaluation at the
end of the semester during lectures. Feedback will be used to make changes to improve the unit of
study.

ACCT1005 students will be surveyed to identify possible areas of improvement. All student feedback
will be carefully considered and, where appropriate and practical, will be incorporated into the
structure of the subject in future.

Student representative body:
At a lecture to be announced part-way through the semester, students will be given the opportunity to
select several representatives to exchange ideas on all aspects of this unit, including course structure,
assessment (etc.) with teaching staff, on behalf of the student body as a whole. The student
representatives will be invited to submit comments and suggestions to teaching staff towards the end
of semester. We take the suggestions of students seriously and appreciate the positive contributions
they make to the development of our courses.

Student evaluations:
In addition, all students have the opportunity to evaluate anonymously our units of study in the
evaluation surveys administered at the end of each semester. These evaluations have space for
written comments from students and are reviewed by the course coordinator prior to convening the
course for the next semester. Based on this written feedback changes will be constantly incorporated
into the ACCT1005 unit of study where appropriate and practical.


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7 Topic schedule
Week Date Materials
Birt et al.
Lecture content Assessments Due
1
28 Feb
PE
Ch 1 Introduction to Accounting
The accounting process
Development of capitalism
The industrial revolution


2
7 Mar
WH-J
2, 3 Business Entities, Business Structures and
Governance
Business entities
Business structures
Governance notions principles, guidelines
and practices

Reflection Task

3
14 Mar
RM
4 Business Transactions
Development of double entry bookkeeping
Concepts of duality, proportionality and balance
Source documents
Analysis of business transactions and the
accounting equation
Capturing accounting information
Standardised reporting

Reflection Task

4
21 Mar
RM
5 Statement of Financial Position
Introducing the Statement of Financial Position
Accounting form an output perspective
Definition and recognition criteria work in
practice
Using the statement of Financial position for
decision-making

Group 1 Presentation

Reflection Task

5
28 Mar
AR
6 Statement of Comprehensive Income and
Statement of Changes in Equity
Introducing the Statement of Comprehensive
Income
Accounting assumptions and conventions:
period assumption, matching principle and
accrual accounting
Definition and recognition criteria
Using the Income Statement for decision-
making
Reflection Task

6
4 Apr
AR
7 Statement of Cash Flows
Introducing the Cash Flow Statement
Uses of financial statements in financial
management decisions

Group 2 Presentation

Reflection Task

7
11 Apr
AR
8 Analysis and Interpretation of Financial Statements
Techniques for analysing financial statements:
common sized financial statements, financial
ratio analysis
Bank reconciliations; internal checks
Horizontal, Vertical and trend analysis
Limitations of ratio analysis
Mid Semester Exam
(15 April @ 7pm)

Reflection Task

8
18 Apr
PE
9 Planning and Budgeting
Purposes of budgeting
The budgeting cycle
Budgeting and planning
Group 3 Presentation

Reflection Task

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Types of budgets
Behavioural aspects

9
2 May
PE
10 Accounting for Costs
Cost behaviour
Break even analysis
Taxation
CVP Analysis
CVP assumptions
Contribution margin ratio
Limiting factors
Outsourcing Decisions
Special order decisions

Assignment Due

Reflection Task

10
8 May
PE
11 Costing and Pricing in an Entity
Internal uses of information by managers
direct and indirect costs
The allocation process
Full costs
Product cost
Pricing of products and services


Group 4 Presentation

Reflection Task

11
16 May
PE
14 Responsibility Centres and Performance
Measurement
Overview of responsibility centres
The use of accounting technology to enable
control within diverse organisations
Divisional performance measurement
Individual performance measurement
Non-financial performance evaluation
Reflection Task
12
23 May
AR/PE/
RM
Accounting, Accountability and Governance Group 5 Presentation

Reflection Task

13
30 May Current Controversies in Accounting & Review Reflection Task