ACC304 Accounting | My Assignment Tutor

ACC304 Accounting Capstone Semester 3 2020 page 1 of 9DescriptionThis capstone unit is designed to bring together knowledge gained through the entire program and permit studentsto demonstrate mastery of the various unit competencies. One of the essential elements in the real world is theability to solve unstructured, multi-disciplinary accounting problems.This unit integrates elements of the accountancy discipline and issues faced by a professional advisor/consultantby presenting students with simulated real-world problems. These problems require students to work togetherin teams, research issues, gather information, and form conclusions. The unit prepares students to adopt anapplied project management approach to address these problems. Students should therefore be betterprepared for the various situations they will face in their accounting career. Unit Code and TitleACC304 Accounting CapstoneCourse(s)Bachelor of Business (Accounting)Core or ElectiveCore:Bachelor of Business (Accounting)Credit Points6 credit pointsDuration13 weeks (12 teaching weeks; 1 final examination week)AQF Level7Student WorkloadStudents should expect to spend approximately 120 hours onlearning activities across the study period. This includes timespent attending scheduled classes, undertaking private study,preparing assessments, and completing examinations.Essential RequirementN/AMode(s) of DeliveryOn campus and on line via zoomPre-RequisitesMGT100 Introduction to ManagementACC303 Advanced Management AccountingUnit CoordinatorAssociate professor Wayne SmithsonContact Information✉:;Consultation: By appointment ACC304 Accounting Capstone Semester 3 2020 page 2 of 9Unit Learning Outcomes (ULOs)On successful completion of this unit, students will be able to:LO1 Demonstrate and apply integrated, multidisciplinary accounting knowledge to explore and respond toclient situations and needs. LO2Make decisions and judgements to solve unstructured, multidisciplinary, client related accountingproblems typically encountered in professional practiceCollaborate effectively with others to explore, discuss and solve accounting related problems.LO3LO4Demonstrate reflective thinking and responsibility for own learning and professional practice.LO5Describe and discuss the different phases of the project cycle, including planning, costing, scheduling,controlling, and implementingEffectively use and apply key project management tools and techniques and software applicationsLO6LO7Identify and analyse elements of risk associated with projects with emphasis on such issues asleadership, project structure, project team membership, and organisational cultureDescribe, discuss, and assess the role of evaluation in project management.LO8 Course Learning Outcomes (CLOs)Successful completion of this unit will contribute to the following Course Learning Outcomes (CLOs): CLO1.The ability to critically analyse relevant concepts to understand practice in business and relatedprofessions in a global workplace.Demonstrate interrelationships between differing business and related disciplinesCLO2.CLO3.Locate and critically evaluate relevant data and literature to address business problems througha research approach.Apply critical and creative thinking to address issues in business.Convey information clearly and fluently in high-quality written form appropriate for theiraudienceUse oral communication appropriately to convey information clearly and fluentlyCLO4.CLO5.CLO6.CLO7.Demonstrate and critically reflect on how individuals work in teams in a business environmentin an inclusive mannerCritically analyse business decisions in terms of ethical practice and social responsibilityCLO8.CLO9.Critically analyse sustainability principles for various stakeholders in relation to businesscontextsApply technical and professional skills necessary to operate effectively in business and relatedprofessions.CLO10. Graduate Attributes (GAs)Successful completion of this unit will contribute to the following PIA Graduate Attributes (GAs): GA1.GA2.Communicate effectively in a diverse range of professional or community context.Complete work tasks and assignments independently or as an effective member ofmultidisciplinary teams.Engage in and value life-long learning leading to the enhancement of professional knowledge andskills.Are information and technology literate.Respond appropriately to a changing workforces, cultures and values reflecting a global workenvironment.Demonstrate critical thinking, problem solving and decision-making abilities essential tocontributing soundly to the resolution of issues confronting organisations.GA3.GA4.GA5.GA6. ACC304 Accounting Capstone Semester 3 2020 page 3 of 9 GA7.GA8.Facilitate intellectual curiosity.Act in an ethical manner in all aspects of professional life. Learning and Teaching ApproachLearning and teaching in this unit applies the Institute’s model of providing transformational learningexperiences that are student-centered, collaborative, active, reflective and applied. Key themesembedded into the resources, challenges and assessments are ethical practice, sustainability, evidencebased decision making and real-world applications. Completion of the learning activities for each weekwill give students the discipline knowledge and skills required to complete the assessments. Successfulcompletion of all assessments demonstrates that the unit learning outcomes have been achieved.Additional support to further enhance students’ academic skills is available from the AcademicEnhancement team.Expectations of StudentsStudents are expected to: Prepare for scheduled classes by completing assigned activities Attend at least 80% of scheduled classes Actively participate in class activities Seek clarification and advice from teaching staff as needed Attempt all assessments Submit assessments on time Review and reflect on feedback on assessments and seek clarification about feedback whereneeded Notify the lecturer and / or unit coordinator if unable to attend classes and/or submitassessmentsCompletion of the learning activities for each week will give students the discipline knowledge and skillsrequired to complete the assessments. Successful completion of all assessments demonstrates that theunit learning outcomes have been achieved.Schedule of Learning and Teaching Activities W#Week begTopicsText Chapters/readingsNotes12/11/20Introduction to theBusiness SimulationGame (BSG)Developing a businessstrategyReview of unit outlineReading 1,2,3Balanced Scorecard:turning Your Data intoa roadmap of SuccessReviewReading 1BSG instruction guideOverview of game and strategydevelopmentEstablish teams Register teamsin Business Simulation Game29/11/20Strategy basicsOverview of Operationsmanagement and projectmanagementReading 4 and 5BSG instruction guideAnd How companyperformance ismeasure in the BSGCh. 5 and 6Prepare the strategic businessplanCommence practice rounds inthe BSG ACC304 Accounting Capstone Semester 3 2020 page 4 of 9 316/11/20Decision making in theBSGDeveloping a businessstrategy continuesOverview of financialanalysis and reportingReading BSGinstruction guidePractice rounds on BSGcontinued1. Complete strategicBusiness Plan2. Agreed individualperformance KPI forindividual teammembers423/11 /20Financing DecisionsFinancial AnalysisPreparing a strategicplanning document530/11/20Developing reports usingBalanced ScorecardmethodologyReading 6First decision roundcommencesPractice rounds67/12/20Financial information andmanagement analysisReading Ch. 11First decision roundin BSG concludesSecond decisionround commencesReading 1BSG instruction guide1. Decision round2. Preparation ofstrategic plan,715/12/20Analysing Non – financialdata operations,resource dataReading 7,8Strategic plan due 31/12/2020No extensions1. Decision round2. Preparation ofstrategic plan811/1/21Review- preparing andpresenting performancereportsReading 1 BalancedScorecard: turningYour Data into aroadmap of Success2nd Decision roundconcludes3rd decision roundcommencesReading 1BSG instruction guide1. Decision round2. Preparation executivebusiness report foryear 1 results ACC304 Accounting Capstone Semester 3 2020 page 5 of 9 918/1/21Analysis of companyresults – preparation offinal Business reportWork on groupassignment3rd decision roundconcludesReading 1Balanced Scorecard:turning Your Data intoa roadmap of Success1. work on groupassignment In class2. Team finalpresentation scheduleannounced –Note: failure attend theallocated time will result indeduction of marks1025/1/21Work on groupassignmentReading 1Balanced Scorecard:turning Your Data intoa roadmap of SuccessGroup Assignment (OnlineSubmission): Due date FridayNo Extensions provided –penalties will be applied111/02/21Group presentationsPresentationsGroup Assignment (OralPresentation): In-classYour team will be allocated apresentation time. Failure toadhere to this time will resultin a penalty deduction or amark of zero being awarded128/02/21Group PresentationsPresentationsGroup Assignment (OralPresentation): In-classFailure to adhere to this timewill result in a penaltydeduction or a mark of zerobeing awarded13EXAMINATION PERIOD: No Exam for this Unit Assessment Information: ALL ASSESSMENT ITEMS NEED TO BE COMPLETED TO PASS THIS SUBJECT Assessment TaskWeightingDueLengthULOCLOGAAssessment 1: GroupPreparation of strategy documentPresentation of strategic plan10%Week71500words1,2,5,61,3,41,2,3,4,5,Assessment 2: Individualassessment – Business reportcomponent and executivemeetings 15%Each student must report on aspecific area of the companyunder management in the15%15%Week9100010001,2,5,61,2,3,4,5,6,7,8,91,2,3,6, ACC304 Accounting Capstone Semester 3 2020 page 6 of 9 simulation gameNo extensions will be allowed,teams will be assignedpresentation times Assessment 3: Group Report andpresentationGroup work maximum 2 studentsReportGroup final executive presentation15%10%Week11 and121500words1,2,3,5,61,2,3,4,5,6,7,8,91,2,3,6,Assessment Task 4: preparation of areflection report on the skills and eachstudent has appliedThis will also consider contribution to theteam and attendance20%Week11 and121,2,34,61,2,3,5,6,7,8,91,2,3,4,5,6Assessment 5: This assessment is basedon ranking score achieved in the BSG15%Week12N/A1,2,3,4,61,2,3,5,6,7,8,92,3,4,6 Assessment Task 1: Strategy Document – DescriptionsGroup based Preparation of Strategy documents with key performance targets developed for each componentof the balanced scorecard methodology. The group must present the strategy document and answerquestions relating to the strategyNote 1 mark deducted for each question which is not answered adequatelyAssessment Task 2: – DescriptionsExecutive Performance meetings- individual basedDuring weeks 9 each team will be required to prepare:1. A 1000-word report and based on the performance of the business for the first 2 years 5 %2. An individual prepared report on the performance of two of the following areas areas 10%a. Human resourceb. Operationsc. Marketingd. FinanceNote students must not report on the same areas.3. Deliver a brief presentation outlining the performance of their organisation in the simulation gamemaximum of 5 minutes. All Students will be required to answer questions Note: No slides required.Executive Meeting week 9Presentation time to be assigned in classValue 15% Week 9No presentation slides are required students are expected to understand the performance of the companyand be able to discuss all aspects of the organisation’s performance under their management.ACC304 Accounting Capstone Semester 3 2020 page 7 of 9Failure to undertake this on the designated day will result in a penalty of 25% of the awarded markAssessment Task 3: Group Reportand presentation – Task DescriptionsGroup work maximum 2 studentsGroup written business reportDue January week 10: Friday 5:00pm penalties applied for late submissionBoard Report Group presentation weeks 11 and 12 – groups will be assigned their presentation time and dateYou will be assigned a time to deliver this presentation. Students must be able to demonstrate the ability toAnalyse, Interpret and Report (AIR) specific issues with the organisation under their team management.Failure to attend the correct allocated time may result in a penalty to marks of 25%.Assessment Task 4: Individual contribution Assessment – DescriptionsIndividual performance will be assessed against a number of individual Key Performance Areas.Based on the student’s performance and a 1500 word report that identifies the skills that the individualstudent has learnt from participating in the simulation exercise.Addressing in particulara. their contribution to the team performanceb. theMarks 20%Assessment Task 5: BSG Score – DescriptionsAssessment provided by a ranking determined by the cumulative score in BSG game. This assessment is basedon a pro rata score applied to a ranking provided by the BSG system.The BSG provides a ranking of all companies out of 110 this is used as the basis for an independent allocationof marksWeight 15%ACC304 Accounting Capstone Semester 3 2020 page 8 of 9ResourcesParticipationStudents are required to participate in all collaborative work, group work and work integrated activities,such as study tours, industry lead activities and open forums, (a) actively, fully and positively; and (b) in atimely manner. Student contributions to collaborative, group, and work integrated activities must bemeaningful, of value to peers, and follow the specifications of the Unit Study Guide.Academic MisconductEthical conduct and academic integrity and honesty are fundamental to the mission of PIA and academicmisconduct will not be tolerated by the Institute. It is the responsibility of every student to make sure thatthey understand what constitutes academic misconduct and to refrain from engaging in it. Please refer tothe Institute’sAcademic Integrity Policy for further details.AttendancePIA has a responsibility to ensure that all students enrolled at the Institute are able to make satisfactoryprogress through their course, and attending scheduled classes is essential for course progression. Foronshore international students maintaining satisfactory attendance in the course and making satisfactoryprogress with the course are also conditions of the student Visa. PIA therefore monitors the attendance ofall students at all scheduled classes and students are required to attend at least 80% of scheduled for unitsin which they are enrolled, where attendance means that the student is present for the whole duration ofPrescribed Resources(s):A prescribed text is a resource that you must have access to for the purposes of studying this unit.Thompson A.A., Peteraf M., Gamble J.E., Strickland A.J. (2017), “Crafting & Executing Strategy – theQuest for Competitive Advantage”, 21st edition, McGraw Hill.You must ensure that you purchase the text book online or hard copy from the publisher directly or fromco-op bookshop and bring it with you to your seminar each week.The Link to purchase the text is:The publisher (Wiley) will provide a code to you. This will be provided by week 1.A recommended text is a resource that you can use to broaden your understanding of the topics coveredin this unit. You may also find a recommended text helpful when conducting research for assignments.Website link:, A., Quatrebarbes, A., Probert, C. (2015), The Balanced Scorecard: Turn Your Data into a Roadmapto Success Business, Ebsco Host e-bookReading 5,6,7Sherman. E.H. (2015), Tools for Analysing the Numbers and Making the Best Decisions for Your Business,Ebsco HostACC304 Accounting Capstone Semester 3 2020 page 9 of 9the scheduled lecture, tutorial or seminar class. Students are advised that decisions about the award ofsupplementary assessments will take into account student attendance.MyPIAThe unit has its own MyPIA site. Access to the MyPIA online learning environment is required and it is expectedthat you check your units in MyPIA for updates regularly. If you have assignment submission either fileattachment or Turnitin on MyPIA you must ensure that the PIA Assessment Coversheet is completed andattached as the first page of your submission.Unit requirementsIn order to pass this unit students must satisfy the following two requirements: (1) complete and submit allassessment items; and (2) achieve a minimum overall score of 50% in the unit.DisclaimerThis unit study guide may be updated and amended from time to time. Any changes to the unit will benotified to students through the Online Learning System (MyPIA) for the unit.


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