are ethical companies really more profitable and hoe do accountants and manage budgeting

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ACC700 PRINCIPLES OF ACCOUNTING T124
All information in the Subject Outline is correct at the time of approval. KOI reserves the right to make changes to the
Subject Outline if they become necessary. Any changes require the approval of the KOI Academic Board and will be
formally advised to those students who may be affected by email and via Moodle.
Information contained within this Subject Outline applies to students enrolled in the trimester as indicated
1. General Information
1.1 Administrative Details
Associated HE Award(s)
Graduate Certificate in Business
Graduate Diploma of Business
Master of Professional Accounting
Duration
1 trimester
Level
Postgraduate
Subject Coordinator
Alex Chae
alex.chae@koi.edu.au
P: +61 (2) 9283 3583
L: Level 1, 545 Kent St.
Consultation: via Moodle or by
appointment
1.2 Core / Elective
This is a core subject for the above courses.
1.3 Subject Weighting
Indicated below is the weighting of this subject and the total course points.
Subject Credit Points
4
Total Course Credit Points
GCBus 16; GDBus 32; MPA 64
1.4 Student Workload
Indicated below is the expected student workload per week for this subject
No. Timetabled Hours/Week*
No. Personal Study
Hours/Week**
7 hours/week
Total Workload
Hours/Week***
10 hours/week
3 hours/week plus supplementary online
material
*
Total time spent per week at lectures and tutorials
**
Total time students are expected to spend per week in studying, completing assignments, etc.
***
Combination of timetable hours and personal study.
1.5 Mode of Delivery Mode of Delivery Classes will be face-to-face or hybrid. Certain classes will
be online (e.g., special arrangements).
1.6 Pre-requisites
Nil
1.7 General Study and Resource Requirements
o
o
o
Students are expected to attend classes with the weekly worksheets and subject support material
provided in Moodle. Students should read this material before coming to class to improve their
ability to participate in the weekly activities.
Students will require access to the internet and their KOI email and should have basic skills in
word processing software such as MS Word, spreadsheet software such as MS Excel and visual
presentation software such as MS PowerPoint.
Computers and WIFI facilities are extensively available for student use throughout KOI. Students
are encouraged to make use of the campus Library for reference materials.
Resource requirements specific to this subject: Students should have a non-programmable calculator
– applications in smartphones will not be sufficient to perform the required calculations in class.
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1.8 Academic Advising
Academic advising is available to students throughout teaching periods including the exam weeks. As
well as requesting help during scheduled class times, students have the following options:
• Consultation times: A list of consultation hours is provided on the homepage of Moodle where
appointments can be booked.
• Subject coordinator: Subject coordinators are available for contact via email. The email address of
the subject coordinator is provided at the top of this subject outline.
• Academic staff: Lecturers and Tutors provide their contact details in Moodle for the specific
subject. In most cases, this will be via email. Some subjects may also provide a discussion forum
where questions can be raised.
• Head of Program: The Head of Program is available to all students in the program if they need
advice about their studies and KOI procedures.
• Vice President (Academic): The Vice President (Academic) will assist students to resolve complex
issues (but may refer students to the relevant lecturers for detailed academic advice).
2 Academic Details
2.1 Overview of the Subject
With advances in technology and the rise of artificial intelligence, there’s the looming question of
accountants will be replaced by robots. The short answer is no. Instead, accountants will spend less
time on tedious data entry and manual tasks and more time honing financial and strategic expertise.
This subject covers fundamental of financial and management accounting. To understand the current
technology and automated systems, future accountants need to understand the language of business
first which are covered in this subject.
Students are expected to achieve knowledge and techniques required to prepare and communicate
financial statements for interested users, to evaluate the financial performance and financial position of
businesses and to make budgeting and planning to make relevant decisions. Also, students are
expected to understand the importance of sustainability reports and to prepare non-financial information
as a result of an organisations performance.
2.2 Graduate Attributes for Postgraduate Courses
Graduates of Postgraduate courses from King’s Own Institute will achieve the graduate attributes
expected from successful completion of a Master’s degree under the Australian Qualifications
Framework (2nd edition, January 2013). Graduates at this level will be able to apply an advanced body
of knowledge from their major area of study in a range of contexts for professional practice or
scholarship and as a pathway for further learning.
King’s Own Institute’s generic graduate attributes for master’s level degree are summarised below:
KOI Master’s Degree
Graduate Attributes
Knowledge
Critical Thinking
Communication
Detailed Description
Current, comprehensive and coherent knowledge, including recent
developments and applied research methods
Critical thinking skills to identify and analyse current theories and
developments and emerging trends in professional practice
Communication and technical skills to analyse and theorise,
contribute to professional practice or scholarship, and present ideas
to a variety of audiences
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Research and Information
Literacy
Creative Problem Solving
Skills
Ethical and Cultural
Sensitivity
Leadership and Strategy
Professional Skills
Cognitive and technical skills to access and evaluate information
resources, justify research approaches and interpret theoretical
propositions
Cognitive, technical and creative skills to investigate, analyse and
synthesise complex information, concepts and theories, solve
complex problems and apply established theories to situations in
professional practice
Appreciation and accountability for ethical principles, cultural
sensitivity and social responsibility, both personally and
professionally
Initiative, leadership skills and ability to work professionally and
collaboratively to achieve team objectives across a range of team
roles
Expertise in strategic thinking, developing and implementing
business plans and decision making under uncertainty
High level personal autonomy, judgement, decision-making and
accountability required to begin professional practice
Across the course, these skills are developed progressively at three levels:
o
o
o
Level 1 Foundation – Students learn the skills, theories and techniques of the subject and apply
them in stand-alone contexts
Level 2 Intermediate – Students further develop skills, theories and techniques of the subject
and apply them in more complex contexts, beginning to integrate the application with other
subjects.
Level 3 Advanced – Students have a demonstrated ability to plan, research and apply the skills,
theories and techniques of the subject in complex situations, integrating the subject content with a
range of other subject disciplines within the context of the course.
2.3 Subject Learning Outcomes
Listed below, are key knowledge and skills students are expected to attain by successfully completing
this subject:
Contribution to Graduate
Attributes
Subject Learning Outcomes
a) Accurately apply the accounting system by producing a basic
set of financial statements
b) Analyse and use accounting reports for decision-making,
budgeting and control in assessing the profitability and financial
strength of an organisation
c) Analyse and solve accounting issues and exercise judgement
in business contexts
d) Evaluate and apply ethical and regulatory issues as they
apply in accounting contexts in a team environment.
e) Analyse cost-volume-profit (CVP) methods, budgeting and
fundamental management accounting concepts in
organisational settings.
2.4 Subject Content and Structure
Below are details of the subject content and how it is structured, including specific topics covered in
lectures and tutorials. Reading refers to the text unless otherwise indicated.
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Weekly Planner:
Week
(beginning)
Topic Covered in Each Week’s Lecture
1
04 Mar
Accounting for decision-making: The role
of financial and management accounting
Reading(s)
Expected work as
listed in Moodle
Chs. 1, 2, 10
Tutorial exercises as
listed in Moodle
Chs. 2, 3, 4
Tutorial exercises
Chs. 5, 11, 12
Tutorial exercises
Formation of groups
Accounting concepts, principles and ethics
2
11 Mar
Recording accounting transactions, and
making adjusting entries
Preparing financial statements
3
18 Mar
4
25 Mar
5
02 Apr (Tue)
6
8 Apr
7
15 Apr
Completing the accounting cycle,
accounting for current assets
Accounting for liabilities and owners’ equity
Chs. 16, 17
Income statement and balance sheet
financial ratios
Chs. 17, 19
Mid trimester test
Tutorial exercises
Formative Assessment:
Discussion questions
Tutorial exercises
Mid trimester exams
Statement of Cash Flows
Ch. 18
Tutorial exercises
8
22 Apr
Accounting for inventory
Chs. 6, 13
Tutorial exercises
9
29 May
Accounting for manufacturing
Cost accounting systems
Chs. 20, 21
Deferred mid – trimester
exams.
See Section 2.6 below for
more information
10
6 May
Management accounting: cost-volumeprofit relationships, cost behaviour
Ch. 22
Tutorial exercises
11
13 May
Budgeting for planning and control
Performance evaluation for managers
Ch. 23, 24
Tutorial exercises
Group report due
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Week
(beginning)
Topic Covered in Each Week’s Lecture
12
20 May
Revision
13
27 May
Study review week and Final Exam Week
14
03 Jun
Reading(s)
Expected work as
listed in Moodle
Examinations
Continuing students – enrolments for T224
open
Please see Exam Timetable for exam date,
time and location
15
11 Jun
(Tue)
Student Vacation begins
16
17 Jun
Results Released
Review of Grade Day for T124 – see Sections 2.6 and 3.2 below for relevant information.
Certification of Grades
New students – enrolments for T224 open
NOTE: More information about the dates will be provided at a later date through
Moodle/KOI email.
T224 01 July 2024
1
01 Jul
Week 1 of classes for T224
2.5 Public Holiday Amendments
Please note: KOI is closed on all scheduled NSW Public Holidays.
T124 has four (4) public holidays that occur during this trimester. Classes scheduled for these public
holidays (Calendar Class Dates) will be rescheduled as per the table below.
This applies to ALL subjects taught in T124.
Please see the table below and adjust your class timing as required. Please make sure you have
arrangements in place to attend the rescheduled classes if applicable to your T124 enrolment.
Classes will be conducted at the same time and in the same location as your normally scheduled
class except these classes will be held on the date shown below.
Calendar Class Date
Friday 29 Mar 2024
Saturday 30 Mar 2024
Monday 01 April 2024
Thursday 25 April 2024
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Rescheduled Class Date
Monday 27 May 2024
Tuesday 28 May 2024
Wednesday 29 May 2024
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2.6 Review of Grade, Deferred Exams & Supplementary Exams/Assessments
Review of Grade:
There may be instances when you believe that your final grade in a subject does not accurately reflect
your performance against the marking criteria. Section 8 of the Assessment and Assessment Appeals
Policy (www.koi.edu.au) describes the grounds on which you may apply for a Review of Grade.
If you have a concern about your marks and you are unable to resolve it with the Academic staff
concerned, then you can apply for a formal Review of Grade as explained in section 3.2(e) Appeals
Process below. Please note the time limits for requesting a review. Please ensure you read the
Review of Grade information before submitting an application.
Review of Grade Day:
Final exam scripts will not normally be returned to students. Students can obtain feedback on their
exam performance and their results for the whole subject at the Review of Grade Day. KOI will hold
the Review of Grade Day for all subjects studied in T124. The ROG day will be in Week 16, the date
will be announced at a later date and the students will be notified through Moodle/KOI email.
Only final exams and whole subject results will be discussed as all other assessments should have
been reviewed during the trimester. Further information about Review of Grade Day will be available
through Moodle.
If you fail one or more subjects and you wish to consider applying for a Review of Grade you are
STRONGLY ADVISED to attend the Review of Grade Day. You will have the chance to discuss your
final exam and subject result with your lecturer, and will be advised if you have valid reasons for
applying for a Review of Grade (see Section 3.2 below and the Assessment and Assessment Appeals
Policy).
A formal request for a review of grade may not be considered unless you first contact the subject
coordinator to discuss the result.
Deferred Exams:
If you wish to apply for a deferred exam because you are unable to attend the scheduled exam, you
should submit the Assignment Extension / Exam Deferment Form available by contacting
academic@koi.edu.au as soon as possible, but no later than three (3) working days of the assessment
due date.
If you miss your mid-trimester or final exam there is no guarantee you will be offered a deferred exam.
You must apply within the stated timeframe and satisfy the conditions for approval to be offered a
deferred exam (see Section 8.1 of the Assessment and Assessment Appeals Policy and the Application
for Assignment Extension or Deferred Exam Forms). In assessing your request for a deferred exam,
KOI will take into account the information you provide, the severity of the event or circumstance, your
performance on other items of assessment in the subject, class attendance and your history of previous
applications for special consideration.
Deferred mid-trimester exams will be held before the end of week 9. Deferred final exams will be held
on two days during week 1 or 2 in the next trimester. You will not normally be granted a deferred exam
on the grounds that you mistook the time, date or place of an examination, or that you have made
arrangements to be elsewhere at that time; for example, have booked plane tickets.
If you are offered a deferred exam, but do not attend you will be awarded 0 marks for the exam. This
may mean it becomes difficult for you to pass the subject. If you apply for a deferred exam within the
required time frame and satisfy the conditions you will be advised by email (to your KOI student email
address) of the time and date for the deferred exam. Please ensure that you are available to take the
exam at this time.
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Marks awarded for the deferred exam will be the marks awarded for that item of assessment towards
your final mark in the subject.
Supplementary Assessments (Exams and Assessments):
A supplementary assessment may be offered to students to provide a final opportunity to demonstrate
successful achievement of the learning outcomes of a subject. Supplementary assessments are only
offered at the discretion of the Board of Examiners. In considering whether or not to offer a
supplementary assessment, KOI will take into account your performance on all the major assessment
items in the subject, your attendance, participation and your history of any previous special
considerations.
If you are offered a supplementary assessment, you will be advised by email to your KOI student email
address of the time and due date for the supplementary assessment – supplementary exams will
normally be held at the same time as deferred final exams during week 1 or week 2 of the next trimester.
You must pass the supplementary assessment to pass the subject. The maximum grade you can
achieve in a subject based on a supplementary assessment is a PASS grade.
If you:
o are offered a supplementary assessment, but fail it;
o are offered a supplementary exam, but do not attend; or
o are offered a supplementary assessment but do not submit by the due date;
you will receive a FAIL grade for the subject.
Students are also eligible for a supplementary assessment for their final subject in a course where they
fail the subject but have successfully completed all other subjects in the course. You must have
completed all major assessment tasks for the subject and obtained a passing mark on at least one of
the major assessment tasks to be eligible for a supplementary assessment.
If you believe you meet the criteria for a supplementary assessment for the final subject in your course,
but have not received an offer, complete the Complaint, Grievance, Appeal Form and send your form
to reception@koi.edu.au. The deadline for applying for supplementary assessment is the Friday of the
first week of classes in the next trimester.
2.7 Teaching Methods/Strategies
Briefly described below are the teaching methods/strategies used in this subject:
o
o
o
o
Lectures (1 hour/week) are conducted in seminar style and address the subject content, provide
motivation and context and draw on the students’ experience and preparatory reading.
Tutorials (2 hours/week) include class discussion of case studies and research papers, practice sets and
problem-solving and syndicate work on group projects. Tutorials often include group exercises and so
contribute to the development of teamwork skills and cultural understanding. Tutorial participation is an
essential component of the subject and contributes to the development of many of the graduate attributes
(see section 2.2 above). Tutorial participation contributes towards the assessment in many subjects (see
details in Section 3.1 for this subject). Supplementary tutorial material such as case studies,
recommended readings, review questions etc. will be made available each week in Moodle.
Online teaching resources include class materials, readings, model answers to assignments and
exercises and discussion boards. All online materials for this subject as provided by KOI will be found in
the Moodle page for this subject. Students should access Moodle regularly as material may be updated at
any time during the trimester
Other contact – academic staff may also contact students either via Moodle messaging, or via email to the
email address provided to KOI on enrolment.
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2.8 Student Assessment
Provided below is a schedule of formal assessment tasks and major examinations for the subject.
Assessment Type
When assessed
Weighting
Learning Outcomes
Assessed
Assessment 1: Formative assessment
Week 4
0%
a, b, c
Assessment 2: Weekly practice set
Weekly
10%
a, b, c, d, e
Assessment 3: Mid-trimester test
Week 6
20%
a, b, c
Assessment 4: Group assignment
Week 11
20%
c, d, e
Assessment 5: Final examination
On-campus:
2 hours + 10 mins reading time
Online:
2 hours + 30 mins technology
allowance
Final exam period
50%
a, b, c, d, e
Requirements to Pass the Subject:
To gain a pass or better in this subject, students must gain a minimum of 50% of the total available
subject marks.
2.9 Prescribed and Recommended Readings
Provided below, in formal reference format, is a list of the prescribed and recommended readings.
Prescribed Text:
Hoggett, J., 2021. Accounting. 11th ed. Wiley. Melbourne. Available from: ProQuest Ebook Central.
Recommended Readings:
AL-GNBRİ, M.K., 2022. Accounting and auditing in the metaverse world from a virtual reality perspective: A
future research. Journal of Metaverse, 2(1), pp.29-41.
Spanò, R., Massaro, M., Ferri, L., Dumay, J. and Schmitz, J., 2022. Blockchain in accounting, accountability and
assurance: an overview. Accounting, Auditing & Accountability Journal, (ahead-of-print).
Grossi, G. and Argento, D., 2022. The fate of accounting for public governance development. Accounting,
Auditing & Accountability Journal, 35(9), pp.272-303.
Murodovich, G.R. and Ziyadullaevna, B.S., 2022. Prospects for Use of Digital Information Technologies in
Accounting. American Journal of Social and Humanitarian Research, 3(12), pp.244-253.
Okafor, U., 2022. Ethical Approach to Sustainability Accounting Practices and Financial Performance of Aviation
Companies in Nigeria: A Conceptual Model. Society & Sustainability, 4(1).
Saputra, K.A.K., 2022. Inspiration For “New” Accounting: A Literature Review About Permaculture, Agricultural
Accounting And Emancipatory Accounting. South East Asia Journal of Contemporary Business, Economics
and Law, 26(1), pp.48-54.
Carlsson‐Wall, M., Goretzki, L., Hofstedt, J., Kraus, K. and Nilsson, C.J., 2022. Exploring the implications of
cloud‐based enterprise resource planning systems for public sector management accountants. Financial
accountability & management, 38(2), pp.177-201.
Jackson, D., Michelson, G. and Munir, R., 2022. Developing accountants for the future: New technology, skills,
and the role of stakeholders. Accounting Education, pp.1-28.
Al-Okaily, M., Alkhwaldi, A.F., Abdulmuhsin, A.A., Alqudah, H. and Al-Okaily, A., 2022. Cloud-based accounting
information systems usage and its impact on Jordanian SMEs’ performance: the post-COVID-19
perspective. Journal of Financial Reporting and Accounting, (ahead-of-print).
IFRS completed standard-setting projects https://www.ifrs.org/projects/completed-projects/
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References available from EBSCOhost research databases:
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
Abacus
Accounting and Finance
Accounting, Auditing & Accountability Journal
Accounting Research Journal
Australasian Accounting, Business and Finance Journal
Australian Accounting Review
Australian Journal of Accounting Education
Australian Journal of Management
Contemporary Accounting Research
In The Black
International Journal of Finance and Accounting Studies
Journal of Accounting, Auditing & Finance
Journal of Accounting and Economics
Journal of Accounting and Public Policy
Journal of Applied Research in Accounting and Finance
Journal of Financial and Quantitative Analysis
Review of Accounting Studies
Financial Review (Australia)
Useful Websites:
The following websites are useful sources covering a range of information useful for this subject. However, most
are not considered to be sources of Academic Peer Reviewed theory and research. If your assessments require
academic peer reviewed journal articles as sources, you need to access such sources using the Library
database, Ebscohost, or Google Scholar. Please ask in the Library if you are unsure how to access Ebscohost.
Instructions can also be found in Moodle.
o
o
o
o
o
o
Australian Accounting Standards Board www.aasb.gov.au/
CPA Australia www.cpaaustralia.com.au
Chartered Accountants Australia and New Zealand www.charteredaccountants.com.au/
Institute of Public Accountants www.publicaccountants.org.au/
International Financial Reporting Standards Foundation www.ifrs.org
Proactive Accountants Network http://proactiveaccountants.net/
3. Assessment Details
3.1 Details of Each Assessment Item
The assessments for this subject are described below. The description includes the type of
assessment, its purpose, weighting, due date and submission requirements, the topic of the
assessment, details of the task and detailed marking criteria, including a marking rubric for essays,
reports and presentations. Supplementary assessment information and assistance can be found in
Moodle.
KOI expects students to submit their own original work in both assignments and exams, or the original
work of their group in the case of group assignments. Material in assignments which comes from the
work of others must be appropriately acknowledged.
Assessment 1
Assessment Type: Formative Assessment – Online Quiz (Compulsory- no weight)
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Purpose: This assessment is designed to reinforce subject content taught each week allowing
students to apply accounting principles to analyse and evaluate student comprehension, learning
needs, and academic progress. The purpose of this assessment is to promote learning by considering
the progress of each individual student at the early stage of trimester. This contributes to learning
outcomes a, b and c.
Value: 0%
Due Date: Week 4 Sunday 11.59 pm.
Topic: Weekly subject content.
Task Details:
Online quiz will include questions related to topics as follows:
Week 4 quiz covers topics from weeks 1, 2 and 3.
Quiz is compulsory- no weight and no mark.
Assessment 2
Assessment Type: weekly practice set.
Purpose: This assessment is designed to reinforce the subject content taught each week and give
students experience in solving problems and issues as would be found in real life accounting
situations. This contributes to learning outcomes a, b, c, d, e.
Value: 10%
Due Date: Weekly
Submission: Hand in in class
Topic: Weekly topics
Task Details: Students will be expected to apply weekly subject matter to given scenarios and make
positive contributions to class discussions. Students will hand in their hard copy of the work done at
the end of each tutorial.
Marking Guide: Marks will be allocated for completeness of the work handed in and the contribution to
class discussion. All marks will be combined and scaled to a mark out of 10.
Assessment 3
Assessment Type: Mid-trimester test – invigilated – students should bring a non-programmable
calculator – no other aids will be permitted.
Purpose: This assessment relates to learning outcomes a, b and c.
Value: 20%
Due Date: Week 6
Topic: Weekly content weeks 1 – 5 inclusive.
Task Details: Short answer and problem analysis questions.
Assessment 4
Assessment Type: Group assignment – 3,000 + 10% word report. As learning outcome d stipulates
teamwork, this assessment MUST be done in groups. Students are not permitted to refuse being part
of a group.
Purpose: To allow students to demonstrate their ability to prepare, analyse and interpret data as
would be found in real world situations and to further develop their problem solving and team working
skills. This assessment relates to learning outcomes c, d and e.
Value: 20%
Due Date: Week 11 – 8.00 pm, Wednesday of Week 11.
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Submission: One copy only per group – Hard copies of a final report and a group work activity report
with associated attachments should be submitted to the lecturer before group presentation.
Group formation: A major component of ACC700 subject is the group assignment. All students in
ACC700 have to form groups with members drawn from your lecture group. Groups can be a
minimum of three (3) students and a maximum of four (4) students. If you are not currently in a group
by week 8, please see your tutor urgently.
Task details
Background
Accounting was once solely focused on spreadsheets, taxes and audits. But the industry has been
going through a reinvention that is attracting professional career changers in recent years. And the
tight labour market is creating a range of opportunities for them to shift into accounting.
https://www.smh.com.au/business/banking-and-finance/the-future-of-accounting-in-australia20220608-p5asb1.html
Also, there has been much discussion whether management accounting practices are evolving to
keep pace with the changing needs of companies operating in an increasingly complex business
environment.
There is evidence of an increase in the use of the so-called ‘advanced’ management accounting
techniques and the changing way in which management accounting practices are being used: from a
traditional monitoring and control perspective to a more business and support-oriented perspective.
Based on your group research, answer the following questions.
1. What are general purpose financial statements under IFRS?
2. What is the advantage of general-purpose financial statements? What are the limitations of
financial statements?
3. What is mandatory and voluntary disclosure?
4. Are Ethical Companies really more profitable? Give an example
5. How do accountants do and manage budgeting?
6. Discuss how the management accounting techniques including cost-volume-profit (CVP) analysis
and budgeting will be used: from a traditional monitoring and control perspective to a more business
and support-oriented perspective
7. How will accounting change in the future? What is the changing role of accounting?
8. How do accountants contribute to society?
9. Identify future required skills and areas of demand for our skills
10. Does the changing world of professional work need a new approach to accounting education?
To identify the current ethics, please visit the following websites:
http://www.cpaaustralia.com.au
http://www.charteredaccountants.com.au
Marks awarded will be based on the following criteria and fundamentals rubrics:
Final Report
10%
Group work; Activity report
5%
Presentation
5%
Marking Rubric Assignment 4: Final Report (10% in total)
Group Work Activity Report (5%)
Each group will provide a group work report on how the group has worked together to produce the
final report. It should not contain the main deliverable itself in the final report. Each group documents
how members discuss, and division of responsibilities and describes how the individual efforts
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capitalised on strengths of each group member. It will be used as evidence of individual contributions
in the group. It is therefore in each member’s interest to ensure that their contribution to the final
report is complete.
Each group is expected to have at least three group meetings for the group assignment. The minutes
of group meetings should be documented and attached as an appendix of this group work report,
clearly indicating who was present, issues and actions, agreed timelines, and the like. The group work
report must indicate that a fair and reasonable distribution of work amongst group members was
achieved. Periodic information such as emails or diary entries must be inserted into the correct
section in chronological order.
If the submitted group work report suggests that not all contributions were of equivalent standard and
effort, differential marks will be awarded to individuals within the same group. It must also document
what individual group members understood as their allocated tasks, that individual group members
submitted allocated work of acceptable standard and quality by the date that was agreed upon.
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Marking Rubric Assignment 4: Final Report (10% in total)
Attribute
1-Not
acceptable
inappropriate
content of
several
sections of
report
2-Below
expectations
some content
placed incorrectly
in report
3-Meets
expectations
content
appropriate to all
section of report
Topic covered in a complete
manner
Topic is
incompletely
covered
a few aspects of
the topic is
missing
Topic covered in
its entirety
Theoretical constructs (if
necessary) are given
appropriate detail
missing,
incomplete
or incorrect
description
readers may
have a few
questions or have
to reread material
Results- presented,
methodology clear
missing or
inaccurate
results
unclear or
incomplete
Discussion of any
theoretical
concepts is
complete and
clear
clearly stated
results
Conclusions/Recommendations
present, and significance
explained
not stated,
includes
ideas not
already
discussed in
report
References provided are
appropriate
incorrect
format, not
cited in
report
includes ideas
not already
discussed in
paper, some
recommendations
not supported in
document
References
provided, some
in-text or end-text
reference errors
Organization
clear, clearly
follow report
discussion,
meaningful
recommendations
References
provided, only
minor in-text or
end-text
reference errors
TOTAL
4-Exceeds
expectations
excellent
organization
enhances
readability
and/or
understandability
of report
material added
enhances quality
of the term
paper
so clear and
complete as to
enhance impact
of the term
paper
so clear and
complete as to
enhance impact
of the term
paper
so clear and
complete as to
enhance impact
of report
Score
correct format,
all cited in report
1
1
3
2
2
1
10
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Marking Rubric Assignment 4: Group Work Activity Report (5% in total):
Attribute
1-Not
acceptable
2-Below
expectations
3-Meets
expectations
4-Exceeds
expectations
Documentation
No meeting
minutes
Less than 3
meeting minutes
3 meeting
minutes;
3 meeting minutes;
Other source
documents
1
Group participation
Only one
person actively
participates
At least half the
students confer
or present ideas
At least 3/4 of
students actively
participate
All students
enthusiastically
participate
1
Shared responsibility
Exclusive
reliance on only
one person
Responsibility is
shared by half
the group
members
Responsibility is
shared by most
group members
Responsibility for
task is shared evenly
1
Quality of interaction
No interaction;
No evidence of
discussion or
alternatives
Some ability to
interact; some
evidence of
discussion or
alternatives
Students show
adeptness in
interacting; lively
discussion
centres on the
task
Excellent listening
and leadership skills
exhibited; students
reflect awareness of
others’ views and
opinions in their
discussions
1
Roles within group
No effort made
to assign roles
to group
members
Students
assigned roles
but roles were
not consistently
adhered to
Each student
assigned a role
but roles not
clearly defined or
consistently
adhered to
Each student
assigned a clearly
defined role; group
members perform
roles effectively
1
ACC700 PRINCIPLES OF ACCOUNTING T124 22/02/2024
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Score
PAGE 14 OF 19
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Success in Higher Education
Marking Rubric Assignment 4: Presentation Rubric (5% in total):
Attribute
1-Not
acceptable
2-Below
expectations
3-Meets
expectations
4-Exceeds
expectations
Organisation
Presentation is
not smooth and
Audience
attention lost
because there is
little sequence of
information.
Audience has
difficulty
following
presentation
because some
of the
information is
not in logical
sequence.
Student
presents
information in
logical
sequence
which
audience can
follow.
Student shows
enthusiasm and
presents
information in
logical, interesting
sequence which
engages the
audience.
1
Content
Some
information is
not accurate, not
sufficient
information
Accurate
information, not
sufficient
information
Accurate
information,
sufficient
information
Accurate and indepth information,
enough information
1
Audience
interaction
Members just
read
presentation
with no eye
contact or no
use of
appropriate
gestures
Members
primarily read
presentation,
occasionally
use eye contact
and use
appropriate
gestures.
Members maintain
eye contact and
use appropriate
gestures while
seldom returning to
notes.
1
Communication
& time
management
Student
mumbles, and
speaks too
quietly for
students in the
back of class to
hear and/or the
presentation
was too brief or
too long.
Student’s voice
is low. Audience
members have
difficulty hearing
presentation
and/or the
presentation
was somewhat
short or
somewhat long.
Student uses a
clear voice and
correct, precise
terms so that all
audience members
can hear
presentation. The
presentation was of
the proper
duration.
1
Teamwork
Members have
unclear or no
role in
presentation and
poor transition
from member to
member.
Members have
a role in the
presentation,
but the
individual parts
appear poorly
coordinated.
Members have
equivalent roles,
smooth transitions,
and all parts are
integrated with
each other.
1
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Members
maintain eye
contact and
use
appropriate
gestures
while often
referring to
notes.
Student’s
voice is clear.
Most
audience
members can
hear
presentation.
The
presentation
was of the
proper
duration.
Members are
well
coordinated
and well
prepared for
presentation.
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PAGE 15 OF 19
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Assessment 5
Assessment Type: Final Exam – invigilated exam – individual assessment. Students should bring a
non-programmable calculator to the exam – no other electronic or other aids will be permitted.
Duration: On-campus: 2 hours + 10 mins reading time. Online: 2 hours + 30 mins technology
allowance.
Purpose: The purpose of the final examination is to test your understanding of the subject’s concepts
and your ability to apply these concepts. The examination may cover materials used in tutorials, class
discussions and/or from the readings. This assessment contributes specifically to learning outcomes
a, b, c d and e.
Value: 50%
Due Date: The final exam will be held in the official KOI exam period. The
specific date and time will be posted towards the end of the trimester.
Topic: The examination may cover content from any part of the entire subject.
Task Details: The final exam will require students to explain and apply the subject theory to practical
situations as would be found in a modern accountancy practice, identifying issues, drawing
conclusions, and making recommendations. It will consist of short and/or longer writing questions.
3.2 General information about assessment
a) Late Penalties and Extensions
An important part of business life and key to achieving KOI’s graduate outcome of Professional Skills
is the ability to manage workloads and meet deadlines. Completing assessment tasks on time is a
good way to master these habits.
Students who miss mid-trimester tests and final exams without a valid and accepted reason may not
be granted a deferred exam and will be awarded 0 marks for the assessment item. Assessment items
which are missed or submitted after the due date/time will attract a penalty unless there is a
compelling reason (see below). These penalties are designed to encourage students to develop good
time management practices, and to create equity for all students.
Any penalties applied will only be up to the maximum marks available for the specific piece of
assessment attracting the penalty.
Late penalties, granting of extensions and deferred exams are based on the following:
In Class Tests and Quizzes (excluding Mid-Trimester Tests)
o
o
Generally, extensions are not permitted. A make-up test may only be permitted under very special
circumstances where acceptable supporting evidence of illness, hardship or unavoidable
problems preventing completion of the assessment is provided (see section (b) below). The
procedures and timing to apply for a make-up test (only if available) are as shown in the section
Applying for an Extension (see below).
Missing a class test will result in 0 marks for that assessment item unless the above applies.
Written Assessments and Video Assessments
o
There is a late penalty of 5% of the total available marks per calendar day unless an extension is
approved (see Applying for an Extension section below).
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Presentations
o
Generally, extensions are not permitted. Missing a presentation will result in 0 marks for that
assessment item. The rules for make-up presentations are the same as for missing in-class tests
(described above).
For group presentations, if serious circumstances prevent some members of the group from
participating, the members of the group who are present should make their contributions as
agreed. If a make-up presentation is approved, the other members of the group will be able to
make their individual presentation later and will be marked according to the marking rubric. A
video presentation may be used to facilitate the process.
Mid-Trimester Tests and Final Exams
If students are unable to attend mid-trimester tests or final exams due to illness, hardship or some
other unavoidable problem (acceptable to KOI), they must:
o
o
o
Complete the Assignment Extension / Exam Deferment Form available by contacting
academic@koi.edu.au as soon as possible, but no later than three (3) working days after the
exam date.
Provide acceptable documentary evidence (see section (b) below).
Agree to attend the deferred exam as set by KOI if a deferred exam is approved.
Deferred exam
o
o
o
There will only be one deferred exam offered.
Marks obtained for the deferred exam will be the marks awarded for that assessment item.
If you miss the deferred exam you will be awarded 0 marks for the assessment item. This may
mean you are unable to pass the subject.
b) Applying for an Extension
If students are unable to submit or attend an assessment when due, they must
o
o
o
Complete the Assignment Extension / Exam Deferment Form available by contacting
academic@koi.edu.au as soon as possible, but no later than three (3) working days of the
assessment due date.
Provide acceptable documentary evidence in the form of a medical certificate, police report or
some other appropriate evidence of illness or hardship, or a technician’s report on problems with
computer or communications technology, or a signed and witnessed statutory declaration
explaining the circumstances.
Students and lecturers / tutors will be advised of the outcome of the extension request as soon as
practicable.
Please remember there is no guarantee of an extension being granted, and poor organisation is not a
satisfactory reason to be granted an extension.
c) Referencing and Plagiarism
Please remember that all sources used in assessment tasks must be suitably referenced.
Failure to acknowledge sources is plagiarism, and as such is a very serious academic issue. Students
plagiarising run the risk of severe penalties ranging from a reduction in marks through to 0 marks for a
first offence for a single assessment task, to exclusion from KOI in the most serious repeat cases.
Exclusion has serious visa implications. The easiest way to avoid plagiarising is to reference all
sources.
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Harvard referencing is the required method – in-text referencing using Author’s Surname (family
name) and year of publication. A Referencing Guide, “Harvard Referencing”, and a Referencing
Tutorial can be found on the right-hand menu strip in Moodle on all subject pages.
An effective way to reference correctly is to use Microsoft Word’s referencing function (please note
that other versions and programs are likely to be different). To use the referencing function, click on
the References Tab in the menu ribbon – students should choose Harvard.
Authorship is also an issue under plagiarism – KOI expects students to submit their own original work
in both assessment and exams, or the original work of their group in the case of a group project. All
students agree to a statement of authorship when submitting assessments online via Moodle, stating
that the work submitted is their own original work.
The following are examples of academic misconduct and can attract severe penalties:
o
o
o
Handing in work created by someone else (without acknowledgement), whether copied from
another student, written by someone else, or from any published or electronic source, is fraud,
and falls under the general Plagiarism guidelines.
Copying / cheating in tests and exams is academic misconduct. Such incidents will be treated
just as seriously as other forms of plagiarism.
Students who willingly allow another student to copy their work in any assessment may be
considered to assist in copying/cheating, and similar penalties may be applied.
Where a subject coordinator considers that a student might have engaged in academic misconduct,
KOI may require the student to undertake an additional oral exam as a part of the assessment for the
subject, as a way of testing the student’s understanding of their work.
Further information can be found on the KOI website.
d) Reasonable Adjustment
The Commonwealth Disability Discrimination Act (1992) makes it unlawful to treat people with a
disability less fairly than people without a disability. In the context of this subject, the principle of
Reasonable Adjustment is applied to ensure that participants with a disability have equitable access
to all aspects of the learning for the subject. For assessment, this means that barriers to their
demonstrating competence are removed wherever it is reasonably practical to do so.
Examples of reasonable adjustment in assessment may include:
o provision of an oral assessment, rather than a written assessment
o provision of extra time
o use of adaptive technology.
The focus of the adjusted assessment should be on enabling the student to demonstrate achievement
of the learning outcomes for the subject, rather than on the method of assessment.
e) Appeals Process
Full details of the KOI Assessment and Assessment Appeals Policy may be obtained in hard copy
from the Library, and on the KOI website www.koi.edu.au under Policies and Forms.
Assessments and Mid-Trimester Exams:
Where students are not satisfied with the results of an assessment, including mid-trimester exams,
they have the right to appeal. The process is as follows:
o
Discuss the assessment with their tutor or lecturer – students should identify where they feel more
marks should have been awarded – students should provide valid reasons based on the marking
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o
o
guide provided for the assessment. Reasons such as “I worked really hard” are not considered
valid.
If still not satisfied, students should complete an Application for Review of Assessment Marks
form, clearly explaining the reasons for seeking a review. This form is available from the KOI
website under Policies and Forms and is also available at KOI Reception (Kent St, Market St and
O’Connell St). The completed Application for Review of Assessment Marks form should be
submitted as explained on the form with supporting evidence attached to academic@koi.edu.au .
The form must be submitted within ten (10) working days of the return of the marked assessment,
or within five (5) working days after the return of the assessment if the assessment is returned
after the end of the trimester.
Review of Grade – whole of subject and final exams:
Where students are not satisfied with the results of the whole subject or with their final exam results,
they have the right to request a Review of Grade – see the Assessment and Assessment Appeals
Policy for more information.
An Application for Review of Grade/Assessment Form (available from the KOI Website under Policies
and Forms and from KOI Reception at Kent St, Market St and O’Connell St) should be completed
clearly explaining the grounds for the application. The completed application should be submitted as
explained on the form, with supporting evidence attached to academic@koi.edu.au .
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