Program Overview

Introduction to ACCG1001 Accounting and Governance

ACCG1001 is a university program that focuses on the role of accounting in governance and accountability. The link between accounting and governance is discussed through the concepts of measurement, valuation, conceptual framework, reporting, and communication of financial and non-financial information.

General Information

• Unit Convenor and Teaching Staff: Tas Husain
• Credit Points: 10
• Prerequisites: ACCG1000
• Corequisites: None
• Co-badged Status: None
• Unit Description: This unit acquaints students with how to apply computerized accounting software to record financial transactions and adjust accounting entries, and to prepare bank reconciliation and financial statements.

Learning Outcomes

On successful completion of this unit, students will be able to:

• Identify and describe the role of accounting in organizational governance and stewardship, and in discharging accountability to stakeholders.
• Apply skills in processing accounting information and explain classifications and/or treatments to essential accounting processes and the use of accounting software.
• Analyse financial statements and integrate knowledge and skills to solve business problems including working capital.
• Explain the regulatory accounting environment and its impact for the accounting profession.
• Prepare financial statements, and provide advice on routine accounting issues from appropriate regulatory and/or governance perspectives.

Assessment Tasks

• Skills Development: Accounting Software (30%): Apply accounting concepts to real-world scenarios using MYOB software.
• Professional Practice: Business Report (30%): Prepare a business report in line with industry expectations.
• Formal and Observed Learning: Exam (40%): Participate in a 2-hour exam held during the University Examination period.

Delivery and Resources

• Prescribed Textbook: 'Accounting: Reporting, Analysis and Decision Making' by Carlon et al.
• Recommended Additional Materials: 'Corporate Governance and Accountability' by Solomon, and 'Accounting' by Hoggett et al.
• Technology Used and Required: iLearn, Leganto, Internet search engines, library database, and MYOB software.

Unit Schedule

The study schedule includes weekly face-to-face on-campus lectures and tutorials, covering topics such as:

• Introduction to accounting and governance
• Accounting regulation and conceptual framework
• Internal control and cash management
• Accounting for receivables
• Accounting for inventory
• Accounting for non-current assets
• Financial statement analysis
• Accounting for partnerships

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central, including:

• Academic Appeals Policy
• Academic Integrity Policy
• Academic Progression Policy
• Assessment Policy
• Fitness to Practice Procedure
• Complaints Resolution Procedure for Students and Members of the Public
• Special Consideration Policy

Student Support

Macquarie University provides a range of support services for students, including:

• Academic Success
• Library support
• IT support
• Accessibility and disability support
• Mental health support
• Safety support
• Social support
• Student Advocacy

Academic Integrity

Macquarie University emphasizes the importance of academic integrity, including honesty, respect, trust, responsibility, fairness, and courage. Resources and services are available to help students meet expectations and complete assessments.