Program Overview

Introduction to ACCG1001 – Accounting and Governance

ACCG1001 is a unit offered by Macquarie University, focusing on the role of accounting in governance and accountability. The link between accounting and governance is discussed through concepts of measurement, valuation, conceptual framework, reporting, and communication of financial and non-financial information.

General Information

• Unit Convenor: Leisa Henness
• Credit points: 10
• Prerequisites: ACCG1000
• Corequisites: None
• Co-badged status: None
• Unit description: This unit explores the role of accounting in governance and accountability, including the application of computerized accounting software to record financial transactions and prepare 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.

General Assessment Information

Unless a Special Consideration request has been submitted and approved, a 5% penalty will be applied each day a written assessment is not submitted, up to the 7th day. After the 7th day, a grade of '0' will be awarded even if the assessment is submitted.

Assessment Tasks

Skills Development: Accounting Software

• Weighting: 30%
• Due: Quiz (9/01/26) / MYOB Submission (18/01/26)
• The purpose of this assessment is to apply accounting concepts to real-world scenarios using MYOB software.

Professional Practice: Business Report

• Weighting: 30%
• Due: 05/01/2026
• The purpose of this assessment is to enhance understanding of organizational governance, stakeholder accountability, and effective problem-solving in business contexts.

Formal and Observed Learning: Exam

• Weighting: 40%
• Due: University Examination Period
• The purpose of this assessment is to formally demonstrate expertise gained in this unit.

Delivery and Resources

• Prescribed textbook: 'Accounting: Reporting, Analysis and Decision Making' by Carlon et al.
• Recommended additional materials:
  • 'Corporate governance and accountability' by Solomon
  • 'Accounting' by Hoggett et al.
• Technology used and required:
  • Familiarity with the learning management system, iLearn
  • Access to Leganto for the e-textbook and other recommended readings
  • Internet search engines and library database for research
  • MYOB software for completion of MYOB tasks

Unit Schedule

The unit schedule includes face-to-face on-campus lectures and tutorials. All lectures commence at 9 am, and tutorials are held on the same day, except for Monday, 15th December, where there is no tutorial.

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies:

• Academic Appeals Policy
• Academic Integrity Policy
• Academic Progression Policy
• Assessment Policy
• Fitness to Practice Procedure
• Assessment 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