AF101

Introduction to Accounting & Financial

Management Part I

COURSE OUTLINE

1. SEMESTER/YEAR: Semester 1, 2023

2. MODE OF DELIVERY/LOCATION: Face-to-Face (Laucala) & Blended (C*)

3. PRE-REQUISITES: Admission to the undergraduate programme

4. COURSE CO-ORDINATOR: Ms. Charlotte Taylor

5. TEACHING TEAM
Course Coordinator: Teaching Assistant
Ms. Charlotte Taylor Shirdhant Gounder
Office: 014-108 SAFE Building Office: Green Greenhouse room
Phone: 323-2681 SAFE Building
Email: [email protected] Email: [email protected]
Consultation Time: Consultation Time:
Thursday 9.00 – 11.00 AM TBC

6. LECTURE TIMES & VENUE (Australia Pacific Theater 092-001)

LECTURE SET 1 LECTURE SET 2
Wednesday 1.00 – 2.00 pm 092-001 Friday 9.00 -10.00 am 092-001

Both Lectures are compulsory for face-to-face students. Students on blended mode
will have a weekly two hour tutorial via zoom (details will be on Moodle).

7. EMERGENCY CONTACT

Gloria Yam
Email: [email protected]
Phone: 323-2517
Office: SAFE Main Office

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8. COURSE DESCRIPTION

This course cannot be credited to any programme in conjunction with AF100. The accounting
system as a formal information system. Accounting conventions. An introduction to the
analysis of the concepts of accounting, especially revenue, expenses, income, assets,
depreciation, valuation, liabilities and proprietorship. Introduction to accounting for
partnerships and companies. A study of the accounting process from data collection to report
preparation, presentation and analysis and interpretation.

9. COURSE LEARNING OUTCOMES

On successful completion of this course, students should be able to:

1. Outline the professional nature of Accounting and the role of regulation in a global and
Pacific context.
2. Maintain basic accounting records for sole traders and partnerships using the appropriate
techniques and tools.
3. Apply appropriate methods to determine the value of Accounts Receivable, Inventory and
Non-Current Assets.
4. Conduct bank reconciliation for small entities
5. Prepare components of the General Purpose Financial Reports applying relevant
International Financial Reporting Standards (IFRS).
6. Analyse the financial performance and position of an accounting entity using appropriate
ratios.

10. Program Learning Outcomes (PLO)

On successful completion of the program graduates will be able to:

P1. Process accounting information efficiently, using appropriate tools, techniques and
technology.

P2. Formulate accounting and auditing reports to comply with internal and external frameworks,
appropriately exercising professional judgment.
P3. Communicate financial and non-financial information to internal and external stakeholders,
employing appropriate tools and technology.

P4. Frame operating, investing, and financing decisions, using relevant information, appropriate
techniques and pertinent legislation.
P5. Review internal controls to optimize performance, minimize losses and identify appropriate
audit measures.
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P6. Debate contemporary issues related to academic and professional accounting/auditing using
relevant theories and coherent arguments.

P7. Evaluate environmental, social and governance (ESG) issues in global and Pacific Island
economies applying best practices.

11. USP GRADUATE OUTCOMES

The USP graduate outcomes are as follows:

1. Creativity: Graduates will generate new ideas and approaches to solve problems
2. Communication: Graduates will choose appropriate language and modes of
communication to share ideas and capture understanding
3. Critical thinking: Graduates will evaluate ideas and opinions before forming a
conclusion
4. Ethics: Graduates will apply ethical reasoning to their actions and decision-making
5. Pacific consciousness: Graduates will recognize the cultural heritage, and diversity of
Pacific societies
6. Professionalism: Graduates will apply professional principles, values and ethics to their
work
7. Teamwork: Graduates will collaborate with people of diverse perspectives to achieve
goals

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 12. COURSE CONTENT

Week Commencing Dates Topic Textbook

Reference
13 – 17 February
1&2 20-24 February I. Introduction to the course
Chapter 1
II. Role of Accounting
III. Conceptual Framework Chapter 10

*Guest Lecturer Week 2

3 27 Feb – 3 March I. Financial statement for decision making Chapter 2
II. Recording transactions Chapter 3

6-10 March
4&5 13- 17 March I. Adjusting the accounts
Chapter 4
II. Completing the accounting cycle
Chapter 5
6 20 – 24 March Cash Management & Control
Chapter 11
7 27 – 31 March I. Accounting for retailing Chapter 6
II. Inventories Chapter 13

3 – 7 April Mid-Semester Break

8 10 - 14 April I. Receivables
Chapter 12

II. Payables Chapter 16

9 & 10 Non- current assets:

17 – 21 April Chapter 14
24 – 28 April acquisition and depreciation, revaluation,
disposal and other aspects Chapter 15
*Guest Lecturer Week 9
11 1 - 5 May Companies
Chapter 9

12 & 13 Analysis & Interpretation of financial statements Chapter 19

8 – 12 May
15 – 19 May

14 22 – 26 May
Revision Week

15 29 May- 2 June Study Break

16/17 3- 16 June Final Examinations

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13. PRESCRIBED TEXT AND OTHER RESOURCES

Prescribed text
Title: ACCOUNTING.

Author: Hoggett, J., Medlin, J., Chalmers, K., Hellmann, A., et. al
Edition: 11th Edition. John Wiley & Sons Australia, Ltd.(2020)
Description: https://www.wileydirect.com.au/buy/accounting/

*Note there are other editions of the textbook (8th, 9th or 10th) that students may use
but tutorial questions may differ.

Other reading resources:

The following titles are available in the USP Library Reserve Collection. They cannot be
taken out of the library.

Birt, J., Chalmers, K., Beal, D., Brooks, A., Bryne, S., & Oliver, J., 2012. Accounting: Business
Reporting for Decision Making. John Wiley & Sons Limited, Australia.

Fargher, N., Wise, V., Kieso, D.E., Weygandt, J.J., & Warfield, D.T., 2008.
Fundamentals of Intermediate Accounting. John Wiley & Sons Limited,
Australia.

14. ALIGNMENT OF LEARNING OUTCOMES, ACTIVITIES AND ASSESSMENT

The following table demonstrates the alignment of the course learning outcomes to
appropriate activities and assessments and the links to programme and USP graduate
outcomes.

Course Learning Associated Assessment Programme USP Graduate

Outcome Teaching and Outcomes Outcomes
Learning
Activities

Online/Tutorial
CLO 1 Online content, Quiz, Mid P5 2, 3
videos quizzes, Test, Final Exam
Outline the discussion
professional nature forum
of Accounting and
the role of
regulation in a
global and Pacific
context.

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 CLO Online/Tutorial
2 Online content, Quiz, P3, P6 2, 3
Outline the videos, quizzes, Assignment, Final
discussion
process and forum Exam

prepare basic
accounting entries
for company
formation.

CLO 3 Online content, Mid Test, P3, P6 2, 3

Assignment
videos, quizzes,
Recommend discussion
forum
suitable internal
controls for an
accounting entity.

Online/Tutorial
CLO 4 Online content, Quiz, P2-P6 2, 3
Evaluate Assignment, Final
videos, quizzes,
Exam
appropriate discussion
forum
methods to
determine the
value of assets
such as Accounts
Receivable,
Inventory and
Non-Current
Assets.

Online/Tutorial
CLO 5 Online content, Quiz, P2-P6 2,3,6
Prepare the Assignment, Final
videos, quizzes,
Exam
General Purpose discussion
forum
Financial Reports
from the
accounting
system, using
Generally
Accepted
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Accounting
Principles (GAAP)
and appropriate
accounting
standards.

Online/Tutorial
CLO 6 Online content, Quiz, P2-P6 2,3,6
Analyse and Assignment, Final
videos, quizzes,
discussion Exam
interpret the forum
financial
performance and
position of an
accounting entity
using appropriate
financial ratios.

15. ASSESSMENT

15.1 ASSESSMENT PORTFOLIO

TYPE OF ASSESSMENT WEIGHT Comments/Rationale LEARNING

OUTCOME
CONTINUOUS ASSESSMENT –
50%
CLO 1,4, 5, 6
Perusal Reading Assignment 5% 2 Readings X 2.5% each
Topic Weeks 12,3,4,5 & 6 CLO 1,2,3,4
Mid semester test 20%
Marks awarded for participation.
(10 quizzes x 1%) CLO 1,2,3,4,5,6
Online and Tutorial Quizzes 10%
Financial report analysis
Group Assignment 15% CLO 5 & 6
FINAL EXAMINATION - 50%
Final Exam 50% 3 hour paper 1- 6

15.2 PASSING THE UNIT

In order to be awarded a pass in this unit, students must:
Achieve an overall mark of at least 50% in the course. This must include a minimum
of 40% in the final examination. You must also satisfactorily complete all
components of the assessment. You DO NOT need to obtain a minimum mark in the
coursework element, including the test(s).

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 15.3 GRADE DISTRIBUTION

A+ A B+ B C+ C D E
85-100 78-84 71-77 64-70 57-63 50-56 40-49 0-39

16. ASSESSMENT POLICIES AND REGULATIONS

For detailed regulations, please refer to the USP Handbook and Calendar.

Plagiarism, copying materials from other sources without proper referencing and
acknowledge of the source is a serious offence and will be dealt with severely. In the
Regulations Governing Academic Misconduct section of the USP Handbook & Calendar
plagiarism is defined as “the copying of another person’s creative work and using it as one’s
own – without explicitly giving credit to the original creator. Work copied without
acknowledgement from a book, from another student’s work, from the internet or from
any other source”. If lecturer is satisfied that plagiarism has occurred, they will report the
matter to the Head of School. They can reduce marks appropriately. If the matter is seen as
serious enough it can be taken to the Student Disciplinary Committee by the Head of
School.

17. IMPORTANT DATES

Weighting (%)
Activity Week (tentative)
Major Assignment 10 15
Mid Test 7 20
Perusal Assignment 5&9 5
Online & Tutorial Quizzes Random 10

18. ADDITIONAL COURSE ATTENDANCE

18.1 TUTORIALS

18.1.1 FACE-TO-FACE

You can sign-up for a tutorial by visiting the course Moodle page and choosing one
of the available sessions. Course Coordinator can assist with any queries regarding
tutorials.

Tutorials are compulsory

(i) To pass a course (in any mode of delivery) where tutorials and/or computer
laboratories are required, students must attend at least 60% of these to be eligible to
pass the course. Students who do not meet the 60% minimum requirement will fail the
course under clause 1.3 (b) (Page 102 &103, 2023 Handbook and Calendar).

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 18.1.2 BLENDED MODE
This course is fully online and administered via MOODLE. There will be no face to face
tutorials but tutorials may be held weekly or fortnightly at your respective campuses
where there are part-time tutors or via zoom for campuses with no part-time tutors.
There will be weekly online discussion forums for which blended mode students must
participate in.

18.2 LABORATORY SESSIONS

Not applicable

18.3 ONLINE WORK

The course will be administered through Moodle for both modes; face-to-face and blended.
Course notices, lecture handouts, tutorial questions, assignments and assessment marks will
be posted on the course Moodle page. Therefore, you should check the site regularly. If you
have lost your USP password or do not see your course as a listed course after login, please
contact the ITS student helpdesk. Any other queries regarding Moodle can be referred to the
Course Coordinator.

19. STUDENT SUPPORT

19.1 ONLINE HELP & e-Learning INFORMATION

All e-learning information will be posted on Moodle each week and any queries from
students will be responded to within 24 hours.

19.2 SCHOOL STUDENT LEARNING SUPPORT (SLS) SERVICES

The University provides other forms of support through the Student Learning Support (SLS)
section of the Centre for Flexible Learning. SLS provides the necessary academic and study
skills to assist students with their course requirements.

There is a range of services that students can participate in or use free of charge. These
services are tailor-made to help students tackle and manage the requirements of tertiary
education at USP. These services include:

 F2F Drop In Support – Students can meet with an SLS Specialist at respective SLS Hubs and
staff offices to seek assistance in assignment planning, essay structure, understanding and
selecting relevant study skills, time management, speaking and reading skills and other
related aspects. The initial meeting or contact should occur at least 3 weeks prior to the
assignment due date. Students may email respective SLS staff for a mutually agreeable
meeting time.

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 Online Drop In Support – Assistance as above, but facilitated via the SLS Moodle page
(discussion forum and live chat) and the SLS generic email.
 Online Peer Mentoring Support (for selected courses only) – Students can join as mentees
in this programme where high achieving senior students facilitate weekly group activities
through which students are guided on study tips, problem solving, and assessment
preparation.
 Academic Skills Workshops – Students are strongly encouraged to access and attempt a
variety of self-paced workshops via the SLS Moodle page. These will be availed 24/7 and
will include full notes and activities for each topic. Some relevant topics include time
management, critical reading and writing skills, avoiding plagiarism, and more.
 English Language Support and Numeracy Support – Students have the opportunity to
connect with dedicated staff/ teams in these respective skill areas via F2F and/or online
arrangements.

SLS Specialist Email Phone Location

Joycelyn Devi [email protected] 3231906 Room 032
FBE Building
Laucala Campus
Pauline Ryland [email protected] 3232146 Room 015
CELT Building
Laucala Campus

Other points of contact include:

 SLS generic email: [email protected]

 SLS Moodle page: https://elearn.usp.ac.fj/course/view.php?id=2641
[Activation of the SLS Moodle page will be announced via Tukutuku]
 CFL SLS webpage: https://www.usp.ac.fj/centre-for-flexible-learning/our-services/student-
learning-support/

19.3 FACULTY FIRST YEAR EXPERIENCE (FYE) SERVICES

The University provides FYE services to ensure you have a seamless transition into the
University and to support you throughout your time at the University. The faculty FYE
Coordinator can help you by providing strategies for success as well as referrals for academic
advice and student support.

Mr. Akshay Ram, is the First Year Experience Coordinator

[email protected].

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20. EXPECTATIONS OF STUDENTS

20.1 STUDENT RESPONSIBILITIES

Students are expected to:

Read the relevant chapters each week before attempting the weekly activities.
Attend all your lectures and tutorials (for face-to-face students).
Spend enough time on Moodle and other activities required in the course
Revise each weekly topic before reading the new topic.
Facilitate the course coordinator with any proof that he/she was sick and unable to
attend classes or assessment at the earliest possible time to avoid getting a zero
mark for the missed assessment.

20.2 STUDENT WORKLOAD (Weekly guide)

TYPE Hours Comments

Lectures & Tutorial / 4 F2F students will attend 2 lecture sessions (1 hour
Lecture Capture & Online each) and attend one tutorial session per week (2
Tutorials hours).
Readings & Online Quizzes 2 Students are expected to read the relevant chapters at
the start of every Unit and ensure to complete end of
unit Quizzes at end of every topic.
Tutorial activities 2 To gain most out of the tutorial sessions, students are
expected to attempt the tutorial questions before
coming to class.
Assignment 2 Students are expected to read their textbook and
other resource materials from the library or the
internet when attempting the assignment questions.
Self-study 2 Every student is expected to revise the major point at
the end of each week before progressing to the new
topic. When revising, students must also refer to the
lecture guides, power point slides and tutorial
activities.
TOTAL 12 Per week
180 Number of hours over 15 weeks of semester

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