ACC566 – Acc Systems and Processes Table of Contents Subject Summary…

ACC566 – Acc Systems and Processes
Table of Contents
Subject Summary …………………………………………………………………………………………………….2
Subject Coordinator …………………………………………………………………………………………………2
Subject Coordinator ……………………………………………………………………………………..2
Email …………………………………………………………………………………………………………..2
Phone ………………………………………………………………………………………………………….2
Consultation procedures ………………………………………………………………………………2
Subject Overview……………………………………………………………………………………………………..3
Abstract……………………………………………………………………………………………………….3
Learning outcomes……………………………………………………………………………………….3
Subject content ……………………………………………………………………………………………3
Key subjects…………………………………………………………………………………………………3
Subject Schedule & Delivery ……………………………………………………………………………………..3
Prescribed text……………………………………………………………………………………………..4
Class/tutorial times and location …………………………………………………………………..4
Schedule ……………………………………………………………………………………………………..4
Learning materials………………………………………………………………………………………..6
Learning, teaching and support strategies ……………………………………………………..6
Recommended student time commitment …………………………………………………….9
Assessment Items …………………………………………………………………………………………………..10
Essential requirements to pass this subject…………………………………………………..10
Items …………………………………………………………………………………………………………10
Assignment 1………………………………………………………………………………….10
Assignment 2………………………………………………………………………………….18
Plagiarism Quiz ………………………………………………………………………………30
Final Exam ……………………………………………………………………………………..30
Assessment Information …………………………………………………………………………………………34
Academic integrity ……………………………………………………………………………………..34
Referencing………………………………………………………………………………………………..35
How to submit your assessment items …………………………………………………………35
Online submission process………………………………………………………………35
Postal submission process ………………………………………………………………35
Hand delivered submission process …………………………………………………35
Alternative submission process ……………………………………………………….35
Extensions………………………………………………………………………………………………….35
How to apply for special consideration…………………………………………………………36
Penalties for late submission……………………………………………………………………….36
Resubmission …………………………………………………………………………………………….37
Feedback processes ……………………………………………………………………………………37
Assessment return………………………………………………………………………………………37
Student Feedback & Learning Analytics ……………………………………………………………………37
Evaluation of subjects …………………………………………………………………………………37
Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 1 of 39
Changes and actions based on student feedback ………………………………………….37
Learning analytics ………………………………………………………………………………………38
Services & Support …………………………………………………………………………………………………38
Develop your study skills …………………………………………………………………………….38
Library Services ………………………………………………………………………………………….38
CSU Policies & Regulations………………………………………………………………………………………38
Subject Outline as a reference document……………………………………………………..39
Subject Summary
ACC566 – Acc Systems and Processes
Session 1 2019
Faculty of Business, Justice and Behavioural Sciences
School of Accounting and Finance
Internal Mode
Credit Points 8
Welcome to a new session of study at Charles Sturt University. Please refer to the University’s
Acknowledgement of Country (http://student.csu.edu.au/study/acknowledgement-ofcountry).
Subject Coordinator
Subject Coordinator Dr Humayun Murshed
Email hmurshed@studygroup.com
Phone 02 9291 9338
Consultation procedures
Lecturer Sheikh Khalid
Email SKhalid@studygroup.com (mailto:SKhalid@studygroup.com)
OR
Lecturer Katarina Djukic
Email KDjukic@studygroup.com (mailto:KDjukic@studygroup.com)
The best way to contact me is via email if you have any questions concerning the contents and
teaching of this subject. However, you should consider if your question is already addressed
elsewhere (e.g. Subject outline, Announcements and iLearn within Interact2 site) and if you
are contacting the most appropriate person.
Email Etiquette: In order to receive responses to your email on time ensure that you address
the issue meeting the basic requirements of professional communication. You should
include your ID number, full name, subject code and type of query in the header/subject to
enable me to read and identify who has sent the email. This will also avoid your email being
Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 2 of 39
treated as SPAM.
Subject Overview
Abstract
This subject introduces students to the accounting discipline in an integrated manner dealing
with financial accounting and developing and applying critical thinking, information
technology and communication skills. The subject provides the basis for an iterative and spiral
approach to accounting, exposing students to areas of accounting including accounting as an
information system, ethics, business communication and report writing, computer
applications, the accounting cycle, financial reports and the fundamentals of management
accounting.
Learning outcomes
Upon successful completion of this subject, students should:
• be able to apply conceptual and technical aspects of accounting and prepare relevant
business financial statements;
• be able to discuss the historical development of accounting;
• be able to appraise the use of information technology including spreadsheet sofware
in accounting problem solving, and evaluate the Internet as a professional resource;
• be able to demonstrate relevant business communication skills including report
writing;
• be able to contextualise and evaluate accounting information for decision making
purposes; and
• be able to explain the importance of ethics in accounting.
Subject content
See details in the schedule below.
Key subjects
Passing a key subject is one of the indicators of satisfactory academic progress through your
course. You must pass the key subjects in your course at no more than two attempts. The first
time you fail a key subject you will be at risk of exclusion; if you fail a second time you will be
excluded from the course.
The Academic Progress Policy (https://policy.csu.edu.au/view.current.php?id=00250) sets out
the requirements and procedures for satisfactory academic progress, for the exclusion of
students who fail to progress satisfactorily and for the termination of enrolment for students
who fail to complete in the maximum allowed time.
Subject Schedule & Delivery
Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 3 of 39
Prescribed text
The textbooks required for each of your enrolled subjects can also be found via the Student
Portal Textbooks (http://student.csu.edu.au/study/study-essentials/textbooks) page.
Nobles, T.L., Mattison, B.L., Matsumura, E.M., Best, P., Fraser, D., Tan, R., Willett, R. (2015).
Horngren’s Accounting (8e). Pearson Australia.
ISBN 9781486018000
The textbook details are available online at: www.pearson.com.au/9781486018000
We recommend that you acquire the ‘bundle pack’ of the text that comes with
‘MyAccountingLab’ and ‘e-text’. ‘MyAccountingLab’ has a number of resources to assist
students, including practice tests, revision exercises and problems. To access these resources,
you will need the access code which comes with the text ‘bundle pack’.
When you log on to ‘MyAccountingLab’ you will also need the ‘course code’. The code will
be provided to students at the start of the session.
Class/tutorial times and location
Your class times can be found at Timetable @ CSU (http://timetable.csu.edu.au/). Find out
how to use Timetable @ CSU via the Student Portal Class Timetable
(http://student.csu.edu.au/study/study-essentials/timetable) page.
Schedule

WEEK
COMMENCING

TOPIC

LEARNING ACTIVITIES* /
NOTES

4 March 2019

Topic 1: The history of accounting,
introduction to ethics, and the role of
accounting in business

11 March 2019

Topic 2: Recording business transactions

18 March 2019

Topic 3: The adjusting process

25 March 2019

Topic 4: Completing the accounting cycle

Census date 29 March
2019

1 April 2019

Topic 5: Retail operations

Assignment 1 due 5 April
2019

AssignmentTutorOnline

Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 4 of 39

8 April 2019

Mid-session break

Plagiarism Quiz due 14
Apr 2019

15 April 2019

Mid-session break

PH: Good Friday, Friday
19 April 2019

22 April 2019

Topic 6: Retail inventory

PH: Easter Monday,
Monday 22 April 2019
PH: Anzac Day,
Thursday25 April 2019

29 April 2019

Topic 7: Internal controls and cash

6 May 2019

Topic 8: Non-current assets – property,
plant and equipment and intangible
assets

13 May 2019

Topic 9: Receivables

Assignment 2 due 13 May
2019

20 May 2019

Topic 10: Introduction to management
accounting and the master budget

27 May 2019

Revision

3 June 2019

Revision

10-21 June
2019

Exam Period

*The learning activities for each topic include:
1. Reviewing the:
– Topic student guide in Interact ‘Topics’,
– Topic PowerPoint slides.
2. Completing the:
– Textbook readings and other prescribed readings as directed in the ‘Topic’ study guide,
– Review questions and activities as detailed in the Interact ‘Topic’ study guide.
Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 5 of 39
Please see below Additional/Replacement Class Requirements for this session: Classes
running on the following Public Holidays should have a replacement class:
– Monday 22th April 2019 (Easter Monday)
– Thursday 25th April 2019(Anzac Day)
This study schedule has been devised to assist in your planning during the session, and is
intended as a guide only.
Attendance is required at all scheduled lectures and tutorials.
Learning materials
Details of learning materials that support your success in this subject can be found in the
Interact2 Subject Site.
Learning, teaching and support strategies
All of your subject material is available on the Interact site under the ‘Topics’ and ‘Resources’
links in the lef hand side menu. I suggest that for each topic, you read the learning outcomes
and overview, read the sections of the text and other readings as directed, and use the
resources available in MyAccountingLab. You should then attempt the review questions and
activities selected for each topic.
In this subject, there are many opportunities for you to engage with me and your peers as we
work our way through the subject. ‘Discussion Board’ on Interact provides opportunity to
engage and learn from your peers, discuss the content of the subject, and ask me any
questions that you have in relation to the subject. In addition, I will post weekly
announcements to guide you through the subject, and alert/remind you of key dates and
other important information.
The assignments in this subject are designed to assess the subject learning outcomes
including your acquired knowledge and skills. Tasks include exercises, problems, discussion
questions, questions related to computing skills and business report writing. The assignment
tasks are designed, in general, to follow the topics shown on the weekly schedule. Thus, they
are structured so as to simulate a pattern of weekly learning.
Interact 2 help:
General help in relation to Interact2 is available here: www.csu.edu.au/division/learning-andteaching/interact2_help/home (https://www.csu.edu.au/division/learning-and-teaching/
interact2_help/home)
Academic learning support
Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 6 of 39
Information on effective time management is available on the CSU Learning Support website
via the following link: http://student.csu.edu.au/
Visit the learning support website for advice about assignment preparation, academic reading
and note-taking, referencing, and preparing for exams at: http://student.csu.edu.au/study
The Study Centres also offers a range of workshops specifically targeting your needs as an
international student. These workshops run multiple times per week and build into the
comprehensive Academic Skills Development Program that you should participate in.
Additionally, a number of student volunteers are available to assist you in a program known as
Discipline Support Sessions. Please see the timetables for these programs on the noticeboards
on campus and also via the iLearn Interact2 Organisation site.
You may also contact:
• Elaine Rodrigues
Study Support Manager
Phone: 02 8055 3413
E-mail: ERodrigues@studygroup.com (mailto:ERodrigues@studygroup.com)
• Miranda Alagich
Snr. Study Support Coordinator
Phone: 02 9291 9360
E-mail: MAlagich@studygroup.com (mailto:MAlagich@studygroup.com)
• Mazin Yousif
Study Support Coordinator
Phone: 02 9291 9361
E-mail: MYousif@studygroup.com (mailto:MYousif@studygroup.com)
For appointments, please see Reception.
Queries regarding the content of this subject should be directed to your Subject Lecturer.
Library services
The Library is located on campus as well online. Your campus Library
(http://www.csustudycentres.edu.au/about-csu-study-centres/academic-support/
student-library) will support your learning journey by providing the following:
• A Self-Check kiosk for borrowing books: no more queues!
• Library orientation, database searching and information literacy workshops run
during the semester
• Computer terminals to conduct online research and complete written work
• Photocopiers, scanners and printers
• State of the art study and research facilities
• Access to all subject texts including reserve copies for 2 hour loan
• Qualified Information professionals to assist with all your information needs.
• And for loan renewals and making requests, check your StudyGroup Library account
by accessing the StudyGroup Library catalogue (http://sgaCharles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 7 of 39
primo.hosted.exlibrisgroup.com/primo_library/libweb/action/
search.do?vid=SGA)
Check with your Campus Library for opening hours and visit Library News for updates on
Interact2 (https://idp.csu.edu.au/idp/profile/SAML2/Redirect/SSO?execution=e3s1).
CSU Library
For 24/7 access, go to CSU Library online
(https://library.csu.edu.au/)http://student.csu.edu.au/library
The CSU Library provides access to online resources. These are:
• Peer-reviewed journal articles
• eBooks
• Company and government reports
• eJournals
• Dissertations & theses
• Newspapers including Business & Financial newspapers in Factiva (see Business & IT
Journal databases)
• Other Reference resources (eg. Australian Bureau of Statistics, Australian standards,
online encyclopaedias & dictionaries to be read on the computer
• Online assistance via free call on 1800 808 369, or ‘Ask a Librarian’ – Live Chat or Web
Form.
Other CSU Library services and resources:
https://student.csu.edu.au/library/study-research
• Video tutorials in research skills, finding journal articles for assignments, topic
analysis
• Endnote referencing sofware
• Other online library services to help you successfully complete your assignments
Online Tutorials
http://student.csu.edu.au/library/study-research/training-tutorials-videos
Learn how to:
• Use Primo Search to find eReserve study materials and journal articles
• Search journal databases and web resources for information for your assessment
tasks
• Identify appropriate sources of information and peer reviewed material, to evaluate
resources
Subject Library Resource Guides
http://libguides.csu.edu.au/
Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 8 of 39
Subject Library Guides are a great way to get started with research. Each online guide is
tailored to a specific area of study, including Accounting, Business and Information
Technology outlining how to research in your area and where to look for information.
Library Help
http://student.csu.edu.au/library/help-contacts
Friendly and quick assistance is available. Ask for help finding information and navigating the
library’s extensive eResources.
National Library of Australia – Trove database
http://trove.nla.gov.au/
The Trove database from the National Library of Australia provides access to many different
online resources on any subject.
University of Technology Sydney – Blake Library
http://find.lib.uts.edu.au/
All students with a CSU student card can access University of Technology, Sydney (UTS) library
for free 10 times per year or paying $50 per year to join CAUL scheme to borrow books and use
the UTS library within the guidelines set down by UTS. Access restrictions may be in place
during exam periods. The UTS Blake library is located near Chinatown: corner Quay Street &
Ultimo Road, Haymarket. Phone: 02 9514 3666.
Contact Details below for any student enquiries:
CSU Study Centre Darlinghurst Library
Ms Mireille Eid
Library Manager
Phone: 02 9291 9326
Email: Meid@studygroup.com (mailto:Meid@studygroup.com)
Ms Angie Baho
Library Officer
Phone: 02 9291 9315
Email: darlibrary@studygroup.com (mailto:darlibrary@studygroup.com)
Recommended student time commitment
CSU Academic Senate policy states that a standard 8 point subject should require students to
spend a total of between 140-160 hours engaged in learning and assessment activities. This
subject complies with this policy. Clearly this is an average expectation. Some will need to
spend more time than suggested because of different learning styles.
Each week you should spend 12 -13 hours studying this subject – obviously some weeks may
require more time than others depending on how you work – but the following is a guide for
your information.
• Studying the lecture notes and the text, and working through chapter examples and
Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 9 of 39
the end of chapter multiple choice questions – 3 hours
• Working actively through the subject resources – 1 hour
• Perusing the readings and Internet resources – 1 hour
• Preparing answers to topic self-study questions – 2 hours
• Working on assignment – 3 hours
• Preparing and participating in lectures – 3 hours
Assessment Items
Essential requirements to pass this subject
You must obtain at least 50% in both the examination and the total mark in order to
pass this subject. Additionally you must obtain a mark of at least 18 out of 20 in order
to pass the Plagiarism Quiz. Failure in this quiz will automatically lead to a fail grade
for the subject irrespective of the marks obtained in all other assessments.
To be eligible for the grade AA or AE you must have submitted all assessment items in
the subject, including the final exam. If you choose not to complete an assessment
item or do not sit the final exam then you will not be granted an AA or an AE grade.
Items

Item No.

Title

Value

Due Date*

Return Date**

1

Assignment 1

20%

05-Apr-2019

01-May-2019

2

Assignment 2

20%

13-May-2019

05-Jun-2019

3

Plagiarism Quiz

SY/US

14-Apr-2019

Not returned

4

Final Exam

60%

To be advised

–

* Due date is the last date for assessment items to be received at the University
** Applies only to assessment items submitted by the due date
Assessment item 1
Assignment 1
Value: 20%
Due Date: 05-Apr-2019
Return Date: 01-May-2019
Submission method options: Alternative submission method
Task
Complete the 3 questions given below. A total of 50 marks are allocated to the questions
below, which will then be converted to a mark out of 20%.
All workings, where appropriate, must be shown to substantiate your answers.
Charles Sturt University Subject Outline
ACC566 201930 S I
Version 3 – Published 14 March 2019
Page 10 of 39
Question 1 [30 marks]
Preparation of accounting records – using spreadsheets
Flash Cleaning Services commenced operations on 1 July 2018. The company opened a
cleaning business – providing cleaning services to local schools, preschools and childcare
centres. During its first month of operations, the following transactions occurred:

Date

Transaction details

1 July
2018

Sally Flash invested $30,000 into the business, and the money was deposited
into the bank account. Sally Flash operates the business as a sole-trader.

1 July
2018

Flash Cleaning Services borrowed $20,000 from the bank. The loan is interest
only, and interest is charged at 12% p.a.

1 July
2018

Flash Cleaning Services purchased a motor vehicle – a van that will be used for
the cleaning business. The motor vehicle cost $18,000, and Flash Cleaning
Services paid for the vehicles from the bank account. The motor vehicle has an
estimated useful life of six years, and an estimated residual value of $3,000.

1 July
2018

Flash Cleaning Services paid $3,600 for insurance for the period 1 July 2018 –
30 June 2019.

1 July
2018

Flash Cleaning Services purchased cleaning equipment for $4,800, paid from
the bank account.

9 July
2018

Flash Cleaning Services purchased supplies for $2,400, on credit terms.

13 July
2018

Flash Cleaning Services provided cleaning services to Rainbow Childcare
Centre for $500, and the Centre deposited this money into Flash Cleaning
Services’ bank account.

20 July
2018

Flash Cleaning Services paid wages of $1,600 to employees, for services to 20
July.

25 July
2018

Flash Cleaning Services received $5,500