Faculty of Higher Education Lilydale

Unit of Study Outline ACF110 Accounting Fundamentals

Study Period 2, 2011

Swinburne University of Technology, 2011 Except as provided in the Copyright Act 1968, this document may not be reproduced in any form without the written permission of the University.

Unit of Study Outline

Unit of study code Unit of study name Study Period & Year Prerequisites Corequisites Credit Points ACF110 Accounting Fundamentals 2011, Study Period 2 Nil Nil 12.5

Teaching Staff
Name Liz Duncan Role Unit of Study Convenor Phone No. 0419 568 038 Email Address eduncan@wideband.net.au Consultation Times Daily via Discussion Board or via email.

Email

All email sent to either your tutor or the unit convener of ACF110 needs to be sent from your student email account. This will ensure your email is received in a timely manner and not automatically sent to the SPAM filter used by Swinburne. Swinburne email accounts can be forwarded to personal accounts. Please see http://outlook.com As part of the email criteria please clearly place in the unit heading the unit code ACF110 and a brief topic description, also inside your email state your name (first name and last name) so that your email can be attended to as soon as possible. Aims Accounting Fundamentals has two broad aims, namely to; Provide a framework to learn basic accounting concepts and show how these concepts can be applied to analysis and interpretation of financial statements and business activities Assist students develop financial skills necessary for making business decisions thereby providing preparation for lifelong learning

Learning Objectives After successfully completing this unit, you should be able to: 1. Understand and use accounting terminology and describe some simple business structures and business finance options 2. Understand basic accounting concepts and principles as they apply to simple business scenarios 3. Describe the purpose, relevance and differences between financial accounting, financial management and management accounting

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4. Describe the effect of business transactions on the key elements and components of the three main accounting reports; 5. Prepare simple Income Statements, Balance Sheets and Cash Flow Statements from summarised information 6. Analyse and interpret the information contained in the Income Statement, Balance Sheet and Cash Flow Statement 7. Understand simple cost concepts and their relevance to small business management 8. Apply basic management accounting techniques to provide solutions to simple business decisions 9. Begin to develop an awareness of, and commitment to, the ethical behaviour expected of professional accountants; Content Unit 1 Introduction to Accounting Concepts Topic 1.1 Topic 1.2 Unit 2 Introduction to accounting and financial information An Overview Business Structures

Financial Accounting Information Topic 2.1 Topic 2.2 Topic 2.3 Topic 2.4 Business Transactions Measuring and reporting financial position The Balance Sheet Measuring and reporting financial performance The Income Statement Statement of Cash Flows

Unit 3

Assessing and Evaluating Business Entities Topic 3.1 Topic 3.2 Analysis and Interpretation of the numbers Managing working capital and financing a business

Unit 4

Management Accounting and Budgeting Topic 4.1 Topic 4.2 Topic 4.3 Understanding cost concepts and behavior Cost-Volume-Profit Analysis Introduction to Budgeting

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Resources and Reference Material Prescribed text and workbook Birt, J., Chalmers, K, Byrne S, Brooks, A., and Oliver, J., Accounting Business Reporting for Decision Making, 3rd edition, Milton, Qld., John Wiley & Sons Australia. Ltd, 2010 Boland, G., Study Guide to Accompany Accounting Business Reporting for Decision Making, 3rd edition, John Wiley & Sons Australia, Ltd, Milton, Qld, 2010 The textbooks provide the basis for this subject. They provide an overview of each topic and will assist students to fully understand the subject when used in conjunction with the learning materials and audio lectures.

Lectures
There is an introductory lecture and one lecture for each topic covered in ACF110. The lectures can be found on Blackboard under the Lectures button.

Other Reading Material

Most introductory accounting texts contain information relevant to the topics you will be studying. However, be aware that you are not required to cover recording procedures (debits, credits, journals and ledgers) in detail in the ACF110 syllabus. Accordingly, you are encouraged to read general descriptions contained in textbooks, but do not concern yourself with the accounting technicalities of recording transactions in the journals and ledgers. Key Generic Skills for this Unit of Study You will be provided with feedback on your progress in attaining the following generic skills: Analysis skills assessed through weekly activities and tasks Problem solving skills assessed through weekly activities, tasks, assignments and examination Communication skills assessed through written assignments and examination Ability to tackle unfamiliar problems assessed through weekly activities, tasks, assignments and examination Ability to work independently assessed through weekly activities, tasks, assignments and examination

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Learning and Teaching Structure While the time spent will vary between students, you will be expected to allocate approximately 9 10 hours to study per week. Weekly Schedule Study Period 2, 2011

Week Commencing Monday 30 May

th

Topic Topic 1.1 Introduction to accounting and financial information an overview

Monday 6th June Topic 1.2 Business structures

Monday 13th June Topic 2.1 Business Transactions

Activities and Tasks Read Unit of Study Outline Log onto Blackboard Listen to Welcome Lecture Listen to lecture 1.1 Read Topic 1.1 in Learning Materials Read Chapter 1 of Birt Read Chapter 3 of Birt pp 86 95 Complete Discussion questions 1.1, 1.2, 1.3, 1.4, 1.7, 1.11, 1.17 (p 31& 32) in Birt Complete Multiple Choice questions (p 7&8) in Study Guide Chapter 1 Complete True/false questions (p 9) in Study Guide Complete Classification question 4 (p12) in Study Guide Complete Discussion questions 3.1, 3.22, 3.25 (p 97& 98) Birt Read Topic 1.2 in Learning Materials Read Chapter 2 of Birt pp 36 49 (up to Learning Objective 8) & pp 51 - 58 Listen to lecture 1.2 Complete Discussion questions 2.2, 2.3, 2.4, 2.5, (p 61) in Birt Complete True/false questions (p 26) in Study Guide Complete Classification question 3 (p 28) in Study Guide Complete Exercises to test your knowledge question 1 (p 28 & 29) in Study Guide Read Topic 2.1 in Learning Materials Listen to lecture 2.1 Read Chapter 4 of Birt pp 108 120 Answer Discussion questions 4.4, 4.5, 4.7, 4.8 (p 127) Birt Complete Exercises E4.3, E4.6 (p132) in Birt Complete Classification question 3 (p 63) in Study Guide

20 June Census Date

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Week Commencing Monday 20 June

th

Topic Topic 2.2 Measuring and reporting financial position the Balance Sheet

Monday 27th June Topic 2.3 Measuring and reporting financial performance the Income Statement

Monday 4th July Topic 2.4 Statement of Cash Flows

Activities and Tasks Read Topic 2.2 in Learning Materials Listen to lecture 2.2 Read Chapter 5 of Birt pp 138 149 (up to figure 5.3) & pp 152 156 (up to heading Goodwill determination), pp 158 163 (up to heading Minority interest in controlled entities), pp 164 (from heading Measurement of assets and liabilities) 166 (up to heading Measuring inventory), p 168 &169 (up to heading Crunch test for Adelaide Bank), pp 172 (from heading Potential limitations of the balance sheet) - 174 Complete Exercises E5.3, E5.4, E5.8, E5.10 (p 182 &183) in Birt Compete True/false questions (p 84) in Study Guide Complete Classification question 1 (p 85) in Study Guide Complete Exercises to test your knowledge question 4 (p 91) in Study Guide Read Topic 2.3 in Learning Materials Listen to lecture 2.3 Read Chapter 6 of Birt pp 196 - 225 Complete Discussion questions 6.1, 6.3, 6.4 (p 228) in Birt Complete Exercises E6.1, E6.2, E6.7, (pp 231& 232) in Birt Complete Problem 6.2 (p 234) in Birt Complete Classification question 2 (p 107) in Study Guide Complete Exercises to test your knowledge Question 1a, b & c (p 109 &110) in Study Guide Read Topic 2.4 in Learning Materials Listen to lecture 2.4 Read chapter 7 of Birt pp 244 273 (up to heading Analysis of the Statement of Cash Flows) Complete Discussion questions 7.1, 7.2, 7.3, 7.11 (p 283 & 284) in Birt Complete Self-test activity ST7.1 (p 284) in Birt Complete Exercises 7.2, E7.3, E7.4, E7.6, E7.7, R7.9, in Birt Complete Multiple Choice questions (pp124 236) in Study Guide Complete True/false questions (p 126) in Study Guide Complete Classification question 2 (p 128) in Study Guide Complete minor assignment and lodge via Blackboard by midnight Wednesday 6th July 2011

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Week Commencing

Topic

Activities and Tasks

10 July last day to withdraw without academic penalty (WD) Monday 11th July Topic 3.1 (a) Analysis and interpretation of the numbers Read Topic 3.1(a) in Learning Materials Listen to lecture 3.1 (a) Read chapter 8 of Birt, pp 302 322 (up to the heading asset efficiency analysis) Listen to lecture 3.1 Complete Exercise E8.1, (p 352) in Birt Complete Discussion question 8.4, (p 346) in Birt Complete Multiple choice questions 1 10 (p 150 & 151) in the Study Guide

OUA Examination Services Venue Selection Open 11 29 July Monday 18th July Topic 3.1 (b) Analysis and interpretation of the numbers Read Topic 3.1(b) in Learning Materials Listen to lecture 3.1(b) Read chapter 8 of Birt pp 322 332 (up to heading Market Performance Analysis), pp 340 (from heading Limitations of ratio analysis) 342 Complete Discussion questions 8.1, 8.2, 8.5, 8.6, 8.7, 8.8, 8.9, (p 345 & 346) in Birt Complete Exercise E8.12 (p 355) in Birt Complete Problems P8.2, P8.7, P8.9 (pp 359 363) in Birt Complete True/false questions (pp151&152) in Study Guide

24 July Last day to withdraw to receive (WDFP)

Monday 25th July Topic 3.2 Managing working capital and financing a business Read Topic 3.2 in Learning Materials Listen to lecture 3.2 Read chapter 13 of Birt pp 500 514 (up to the heading Commercial Bills and Promissory notes), pp 517 (from heading Sources of longterm debt finance) - 522 (up to the heading Rights and options) Complete Discussion questions 13.1, 13.2, 13.3, 13.4, 13.5, 13.6 (p 527) in Birt Complete Exercises E13.4, E13.5, E13.6, E13.7 (p 529) in Birt Complete Problems P13.1, P13.3, P13.6, P13.7 (p 530) in Birt Complete Multiple choice questions (p 243 245) in Study Guide Answer True/false questions (p 245) in Study Guide Complete major assignment and lodge via Blackboard by midnight Wednesday 3rd August 2011

24 July Students withdrawing after this date will receive (NLWD)

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Week Commencing Monday 1st August

Topic Topic 4.1 Understanding cost concepts and behaviour

Monday 8 August
th

Activities and Tasks Read Topic 4.1 in Learning Materials Listen to lecture 4.1 Read Chapter 10 of Birt pp 400 411 (up to the heading CVP assumptions) Answer Discussion questions 10.1, 10.2, 10.3, 10.11, (p 423 & 424) in Birt Complete Exercises E10.2, (p 426) in Birt Complete Multiple choice questions 1 9 (p 187 & 188) in Study Guide Read topic 4.2 in Learning Materials Listen to lecture 4.2 Read Chapter 10 in Birt pp 411 (from heading Contribution margin ratio) 421 Complete Discussion question 10.9, (p 424) in Birt Complete Exercises E10.9, E10.11, E10.12, E10.13, E10.14, E10.15, E10.16 (pp 427-429) in Birt Complete True/false questions (p190) in Study Guide Read topic 4.3 in Learning Materials Listen to lecture 4.3 Read chapter 9 in Birt pp 372 - 387 Complete Discussion Questions 9.2, 9.4, 9.5, (p 388 & 389) in Birt Complete Exercises E9.6, E9.8, E9.9 (p 391 & 392) in Birt Complete Problem P9.3 (p 394) in Birt Complete Multiple choice questions (p168 & 169) in Study Guide Complete True/false questions (p169 &170) in Study Guide Complete Classification question 1 (p171) in Study Guide Complete practise exam problems Date of examination to be advised by OUA Examination Services

Topic 4.2 Cost Volume Profit analysis

Monday 15th August Topic 4.3 Introduction to budgeting Study Break and Exam preparation Examination

Monday 22nd August

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Blackboard Site for this Unit of Study Important information concerning this unit of study is placed on the Swinburne course management system (Blackboard), accessible via http://ilearn.swin.edu.au/ It is your responsibility to access on a regular basis

the Blackboard site for your unit of study, the Announcements section on Blackboard, and any emails sent by the teaching staff to your student email address via Blackboard. If you access your email through a provider other than Swinburne, it is your responsibility to ensure that your Swinburne email is redirected to your private email address. To redirect your Swinburne email, go to https://www.swin.edu.au/chdets/login.php Type in your ID number and your password. Note your ID number is your student ID and your password is initially set to your date of birth in the format DDMMYY Under 'Email forwarding' enter the email address to which you would like your Swinburne emails to be forwarded. Now click 'Change'

ACF110 has a discussion board with one discussion forum for each Unit. This is where you ask questions, and chat to each other. If several students ask the same or very similar questions, the question will be answered once so students are encouraged to read all posts on the discussion board. Please note: Not all Internet browsers support Blackboard. The compatible browsers are as follows: For PC users: Microsoft Internet Explorer 6, 7 and 8 and Mozilla Firefox 2 and 3 For MAC users: Mozilla Firefox 1.5 and 3 More information about this is can be found at http://www.lilydale.swinburne.edu.au/oua/

Student Feedback: Swinburne seeks student feedback in a number of ways, including through periodic Student Feedback surveys, as part of the universitys approach to quality assurance and improvement. Possible improvement based on both student and staff feedback is considered by Unit Convenors, Unit Panels made up of relevant teaching staff, Program Panels, Faculty Academic Committees, and the Academic Programs Quality Committee, as appropriate. Recent updates and improvements made to this unit of study include: a new text book and study guide updated assignments updated audio lectures assessment criteria for each assignment will be posted under Assessments an audio file will be posted containing feedback for both assignments

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Assessment
a. Assessment Task Details:

Assessment Task

Individual/ Group Task

Related Learning Objective(s)

Weighting

Due Date

Minor Assignment Major Assignment Examination

Individual Individual Individual

1, 2, 4 & 5 1, 2 & 6

20% 30% 50%

Midnight Wednesday 6th July 2011 Midnight Wednesday 3rd August 2011 Please watch the announcements on Blackboard carefully for further information on the examination procedure

There are two assignments for this unit; 1. Minor Assignment 20% - due midnight Wednesday 6th July 2011 2. Major Assignment 30% - due midnight Wednesday 3rd August 2011 The assignments must be prepared using MS Word and / or Excel. It is extremely important that you do not use Word or Excel 2007 or VISTA as these cannot be opened via Blackboard. Assignments must use 2006 or earlier. If you use a file format that cannot be opened, we will endeavour to contact you via your Swinburne email, however if you do not respond quickly your work cannot be marked and you may fail the unit. Please check spelling, grammar and proof read your assignment prior to submission. Minor Assignment Due midnight Wednesday 6th July 2011 Robert Craft is the owner of Creative Activities Pty Ltd, a local business that sells a variety of sporting equipment and clothing. He started the business almost 5 years ago, after being the manager of a similar store in Melbourne for 10 years. He employs five sales staff, and 2 office staff who look after the day-to-day administration including accounts payable and receivable. Until now Robert has taken care of payroll and related matters. While pleased with the business and its performance, Robert has begun looking at expanding his operations. To go ahead with his planned expansion successfully Robert will need to purchase new office equipment including 6 new computers, a colour laser printer, a photocopy machine, and a small switchboard system. The cost of the new office equipment is $40,000 including GST. Roberts accountant has suggested he approach his bankers to obtain finance for the equipment rather than use his cash or overdraft facility. At his meeting with the bankers, Robert has been asked to provide the following information: Income Statement for the last 2 years Balance Sheet for the last 2 years

A little daunted by this task, approaches his accountant to seek help. Robert takes the following financial information, which his bookkeeper has extracted from MYOB, to his accountant.

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ITEM

2011 $000

2010 $000 2500 2012 6 280 200 230 325 15 1100 798 637 33 170 80 753 15 120 271 1110 149 48 70 30 10 1181 25 50 12 230 101 50 7 1980 2501 10 283 210 235 298 18 1096 807 591 35 150 200 622 20 150 253 1040 180 60 70 30 15 1139 25 50 16 322 80 45 7

Sales sports clothing Sales sports equipment Overdraft Rent expense Wages admin staff Inventory sports clothing Inventory sports equipment Delivery expenses Cost of sports clothing Cost of sports equipment Debtors Electricity Advertising Cash at bank Other expenses Stationery expense Insurance Creditors Office furniture Accumulated depreciation Office furniture Taxes payable Capital Delivery van Accumulated depreciation delivery van Retained Earnings Depreciation expense Motor vehicle Accumulated depreciation motor vehicle Wages sales staff Bad debts Term loan Interest expense

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Required: As Roberts accountant you need to prepare 1. An Income Statement for 2011 and 2010. As Creative Activities is a non reporting entity you have decided to classify all expenses as either Selling, Administrative or Finance expenses. (Please see below for further details) (7 marks) 2. A Balance Sheet for 2011 and 2010. As Creative Activities is a non reporting entity you have decided to use a narrative format classifying all assets and liabilities as either current or non-current. (Please see below for further details) (7 marks) 3. A short explanation (300 words) explaining the purpose of the Balance sheet and the purpose of the Income statement. Your explanation must include a brief explanation as to why cash and profit do not equal. (6 marks) Your assignment must be no more than three pages long in total. The learning materials provide suggestions as to how to tackle your assignment and the formats that must be used. Please do not use a cover sheet, rather place your name and student number as a header or footer on your assignment. Please remember to include your references on the final page. Remember to check the announcements and your student email daily in the period immediately after you have submitted your assignment as sometimes there is an error submitting the assignment and we need you to resubmit. It is too late to resubmit once the solutions are posted. Please download and read the assessment criteria posted under Assessment carefully prior to finalising your assignment. Major Assignment Due midnight Wednesday 3rd August 2011 Creative Activities Pty Ltd The Banks Decision Once the bank has received all of Roberts financial information it assesses whether or not it will approve the $40,000 finance facility. You are the bank manager assessing Roberts finance application. The banks procedures require you to assess the profitability, efficiency and liquidity of the business using financial ratios. Required: 1. Calculate all of the following ratios for 2011 and all of the ratios for 2010 (10 marks) Return on assets Return on equity Gross profit margin Profit margin Times inventory turnover Times debtor turnover Current ratio Quick asset ratio Debt to equity ratio Debt ratio

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2. Write a report (1000 words) for Robert advising Robert whether or not his application for finance has been approved and why you came to that decision. You must discuss what each of the above ratios mean and what they indicate about Roberts business and how they have influenced your decision. You must also discuss whether you think Creative Activities Pty Ltds cash flow can service the finance facility. (20 marks) Your assignment must be no more than five pages long in total. Please do not use a cover sheet, rather place your name and student number as a header or footer on your assignment. Use singlespacing only. Do not include a Table of Contents rather simply use a bold font to highlight each of the major parts of your report. Please remember to include your references on the final page. Remember to check the announcements and your student email daily in the period immediately after you have submitted your assignment as sometimes there is an error submitting the assignment and we need you to resubmit. It is too late to resubmit once the solutions are posted. Please download and read the assessment criteria posted under Assessment carefully prior to finalising your assignment. b. Participation Requirements Students are expected to participate in the discussion board forums and check announcements and their university email on a regular basis. It is essential that students check their student emails and announcement at least several times a week. c. Minimum Requirements to pass this Unit of Study: In order to achieve a pass in this unit of study, you must: Submit a completed Minor Assignment Submit a completed Major Assignment Attempt the final examination and be awarded at least 40% of the available marks Achieve a total score of at least 50 % for the three formal assessments above

d. Assessment Criteria: Assessment criteria for both assignments will be provided on Blackboard in the Assessments tab. e. Submission of Assignments: You are required to submit assignments via the Blackboard Post an Assignment facility. If you are unable to do this then please contact Liz Duncan at eduncan@wideband.net.au urgently. Place your name and your Swinburne student number as either a header or footer on your assignment. In an effort to save paper please do not attach a separate cover sheet to your assignment. f. Extensions and Late Submissions: Students are required to familiarise themselves with the university policy on extensions and late submissions. 1. This policy should be read in conjunction with the Universitys Assessment and Appeals Procedures. It does not cover absence from an examination held during an official examination period. Section 11 of the Universitys Assessment and Appeals Procedures covers such absence. 2. An extension is the time between the due date originally set for submission of an item for assessment and a new due date for acceptance of the assessment item without incurring a late penalty. 3. Extensions for individual work will not normally be granted except in the case of illness or extenuating personal circumstances and only where supporting evidence has been provided to the Unit convener or nominee. 4. Extensions for group work will not normally be granted. Absence from group presentations will only be approved in the case of illness or other extenuating personal circumstances and only
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where supporting evidence has been provided to the Unit convener or nominee. Students who miss a group presentation as a result of an approved absence will be required to present their component of the presentation at a later date. 5. Written applications for extension must be made to the Unit Convener or nominee on the appropriate form as soon as the student becomes aware of the need for an extension. Every effort should be made to notify the Unit convener or their nominee before the due date of the relevant piece of assessment. 6. Where the student has suffered an illness, the period of the extension granted will normally be equal to the number of days covered by the supporting medical certificate. 7. Poor planning and last minute equipment failure will not normally be grounds for an extension. Extensions request forms can be down loaded from Blackboard and must be emailed to Liz Duncan with the required supporting documentation if you wish your request to be considered. You will be notified via email as soon as a decision has been made. Where an extension has not been granted late submissions will be penalised 1 mark for each day they are late. Once the solutions have been posted no further assignments will be accepted. g. Assessment Results: Marks for assignments will be posted on the grade centre. Model solutions will also be posted on Blackboard and an announcement will be made when these are available. A short audio lecture, or an announcement, or both, containing general feedback will be posted on Blackboard after each assignment. An announcement will be made when this is available. Students must retain all assessed material that contributes to the final result up until such time as the final results are published. i. Plagiarism: Swinburne University of Technology defines Plagiarism as the action or practice of taking and submitting or presenting the thoughts, writings or other work of someone else as though it is your own work. Plagiarism includes any of the following, without full and appropriate acknowledgment to the original source(s): (i) The use of the whole or part of a computer program written by another person; (ii) the use, in essays or other assessable work, of the whole or part of a written work from any source including but not limited to a book, journal, newspaper article, set of lecture notes, current or past students work, any other persons work, a website or database; (iii) the paraphrasing of anothers work; (iv) the use of musical composition, audio, visual, graphic and photographic models, (v) The use of realia, that is objects, artefacts, costumes, models and the like. Plagiarism also includes the preparation or production and submission or presentation of assignments or other work in conjunction with another person or other people when that work should be your own independent work. This remains plagiarism whether or not it is with the knowledge or consent of the other person or people. It should be noted that Swinburne encourages its students to talk to staff, fellow students and other people who may be able to contribute to a students academic work but that where independent assignment is required, submitted or presented work must be the students own. Enabling plagiarism contributes to plagiarism and therefore will be treated as a form of plagiarism by the University. Enabling plagiarism means allowing or otherwise assisting another student to copy or otherwise plagiarise work by, for example, allowing access to a draft or completed assignment or other work. j. Assessment and Appeals Policy and Procedure The information outlined in the Assessment sections above is covered in more detail in Swinburnes Assessment and Appeals Policy and Procedure. Students must be familiar with the Policy and Procedure, found at:
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http://www.swinburne.edu.au/corporate/registrar/ppd/docs/AssessmentandAppealsHigherEducatio n.pdf The Policy and Procedure provides details about: Assessment issues such as the conduct of examinations, plagiarism policies and details explaining how to apply for a review of results and other appeals, and Student progress issues such as unsatisfactory academic progress and early intervention procedures, and Information for students with disabilities and special needs and procedures for applying for special consideration.

Students should make themselves familiar with all aspects of the Policy and Procedure, as failure to do so is not grounds for appeal. Students are advised to seek advice from the staff at the Swinburne Student Amenities Association SSAA (http://www.swinburne.edu.au/ssaa/) if they require assistance with advocacy for Sections 12 (At-Risk and Progress Review) and 13 (Appeals) of the Policy and Procedure. Safety Standards and Conduct Requirements: All students are expected to respect the rights and sensibilities of their fellow students and teaching staff. This also applies in respect of the content of video and audio work submitted for assessment. The University has rigorous anti-discrimination and harassment policies and procedures. http://ppd.swinburne.edu.au/humres/AntiDiscrimination.htm Special Needs Students with disabilities who require extra time or have special requirements in examinations may seek advice from Swinburne Equity Unit http://www.swinburne.edu.au/stuserv/equity/index.html. (Telephone: +61 3 9214 8852). Students should also notify the unit Convenor (Australia) by e-mail, fax or phone. See also the Students with Disabilities and Special Needs Section of the Assessment and Appeals Policy & Procedure, at: http://www.swinburne.edu.au/corporate/registrar/ppd/docs/StudentswithaDisability.pdf

Open Universities Australia

Withdraw from a unit If you need to withdraw from a unit the date of the notification is very important. See below for further information. From week 1 - 6 Please advise Open Universities Australia, of your intention to withdraw up until the end of week 6, the unit(s) will be removed from your record. From weeks 1 3 you will, however, incur an administration fee. Please refer to the OUA website https://www.open.edu.au/droppingunits for these details. You will not incur a FEE HELP debt for the unit(s). Financial penalties are based on the date that Open Universities Australia receives your withdrawal request. From weeks 4-6 you will incur your fee help debt. Weeks 7-13 Please submit a withdrawal form http://www.lilydale.swinburne.edu.au/oua/withdrawal.pdf , to advise Swinburne University of Technology, Higher Education Lilydale, of your intention to withdraw from
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week 7 and no later than eight weeks after the start of the Study Period, the unit(s) will receive a WDFP Withdrawn, Fee Payable grade on your academic record. You will retain the FEE HELP debt for the unit(s). If the notification of withdrawal is received after Week 8 of the Study Period, the unit(s) will receive a NLWD Not Pass, Late Withdrawal grade on your academic record. You will retain the FEE HELP debt for the unit(s). If you do not formally withdraw and you have submitted work, it will be assessed and a grade awarded accordingly. If no work for assessment has been submitted, a Not Assessed grade will be awarded. Refunds for withdrawal after the Census Date are available under Special Circumstances for students who have paid their registration fees upfront. Please refer to the Special Circumstances section of the Refund Guidelines in the Open Universities Australia handbook or the website www.open.edu.au for further information. Further Information For further information on OUA through Swinburne University of Technology a website has been provided. The address for this site is: http://www.ld.swin.edu.au/oua/ Contacts Swinburne University of Technology, Lilydale Locked Bag 218 Lilydale VIC 3140 ouald@swin.edu.au Phone: (+613) 9215 7206 Fax: (+613) 9215 7254 Student Advisers - Open Universities Australia GPO Box 5387 Level 1, 131 Queen St., Melbourne VIC., Australia 3001 http://www.open.edu.au/contactus Phone (+61) 1300 36 36 52 Fax (+613) 8628 2955

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