Unit Outline

This unit will help you understand the role that accounting plays in demonstrating accountability. We move beyond introductory accounting and explore the important role that accounting has in organisations, society and the environment.

After completing this unit, you will have fundamental management and financial accounting knowledge, tools for analysing organisations’ external reports and a comprehension of how accounting can be used to address social responsibility, ethical conduct and sustainability.

This unit allows you to begin the up skilling required by our professional accounting bodies, guiding us to move beyond orthodox/conventional accounting practices and understand our role in demonstrating accountability.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

On completion of this unit, you will be able to:


1.	Explain the relationship between organisational responsibilities, accountabilities and accounting.
2.	Apply management and financial accounting tools, principles and techniques to enable informed decisions by various stakeholders.
3.	Communicate with various stakeholders using language and standards expected of business professionals.

Requisites


REQUISITE TYPE	REQUISITES
Anti-requisite (mutual excl)	XPD106, BFA113, ZAA133

Alterations as a result of student feedback

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Applying the accountability model to social and environmental information	Week 5	30 %	LO1, LO3
Assessment Task 2:	Group Case Study: Applying management accounting	Week 9	30 %	LO2, LO3
Assessment Task 3:	Case Study: Applying Financial Accounting	Week 14	40 %	LO1, LO2, LO3

Assessment details

Assessment Task 1: Applying the accountability model to social and environmental information

Task Description:

You will be directed to the social and environment information of a specific organisation. You are required to construct an infographic showing the organisational boundaries of the company and to apply the accountability model to the information.

Accompanying your infographic, you will submit your choice of either:

a) a 750-word written explanation of the infographic, or

b) a 5-minute recorded oral presentation explaining the infographic.

Task Length:

Infographic plus 750 word written explanation OR 5-minute recorded video.

Due Date:

Week 5

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Explain accountability and accounting.	LO1
2	Explain organisational boundaries in the context of accountability and accounting.	LO1
3	Communicate using professional language and standards expected of business professionals.	LO3
4	Apply the accountability model to social and environmental information.	LO1

Assessment Task 2: Group Case Study: Applying management accounting

Task Description:

Applying management and financial accounting

In a group of three, you will complete a case study, which will require you to apply management and financial accounting.

More details will be provided on MyLO.

Task Length:

Excel Workbook, + 1000-word email and team documentation.

Due Date:

Week 9

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Apply cost volume profit analysis to make informed decisions.	LO2
2	Apply budgeting techniques to make informed decisions.	LO2
3	Apply various performance evaluation techniques to make informed decisions.	LO2
4	Use basic Excel skills.
5	Communicate using professional language and standards expected of business professionals.	LO3
6	Reflect on your performance as a group member.	LO3

Assessment Task 3: Case Study: Applying Financial Accounting

Task Description:

You will complete a case study, which will require you to apply financial accounting techniques and perform basic analysis of the organisation’s financial statements. You will also be required to prepare a memo explaining your analysis and potential frameworks for the organisation to use to report their social and environmental information.

Task Length:

Excel Workbook and 750-word memo.

Due Date:

Week 14

Weight:

40 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Record accounting transactions in worksheets.	LO2
2	Prepare simple financial statements.	LO2
3	Calculate and interpret financial statement analysis.	LO2
4	Explain various reporting frameworks for sustainability reporting and use tools for analysing them.	LO1
5	Communicate using professional language and standards expected of business professionals.	LO3
6	Use basic Excel skills.	LO2

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Academic integrity

Academic integrity is about acting responsibly, honestly, ethically, and collegially when using, producing, and communicating information with other students and staff members.

In written work, you must correctly reference the work of others to maintain academic integrity. To find out the referencing style for this unit, see the assessment information in the MyLO site, or contact your teaching staff. For more detail about Academic Integrity, see Important Guidelines & Support.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.

Required Resources

Required reading materials

Deegan, C 2023, An introduction to accounting: accountability in organisations and society, Cengage, Victoria.