1 July (ACCT13017)

Hi

Welcome to ACCT13017 Financial Statement Analysis. It is great to have you in our unit.

My name is Martin Turner. I am your Unit Coordinator for our unit.

Financial Statement Analysis is your capstone unit in the Bachelor of Accounting. You will have the opportunity to reflect on what you have learnt (and perhaps not learnt) about accounting and business in your degree. And you will have the opportunity to better integrate what you have learnt across your degree into a personally meaningful whole.

And you will have the opportunity to interact with other people in our unit who are studying with us from across Australia – as well as with our teaching staff.

The Moodle site for our unit is now available. This is our unit’s website that contains resources, forums and other useful tools. Check it out; particularly the Weekly Schedule and the Assignments, both in the top centre section of Moodle.  You can also find the Unit profile in the Information section on the top left hand side of Moodle.

See the Study Guide (in the Study Guide section on the left-hand side of Moodle). The Study Guide contains the key resources for our unit. The Weekly Schedule shows you the topics we will be studying each week, the readings each week (from the Study Guide) and also when the assessed learning tasks in our unit are due. You will see there is quite a bit happening in our unit every week, starting in Week 1.

You will see the reading for Week 1 is the Preface and Chapter 1 of the Study Guide. And that Step 1 of ASS#1 is due at 11.00am Thursday (Week 1).

Not studied ACCT11059 or ACCT11081?

If you have not previously studied ACCT11059 or ACCT11081, you will need to set up your blog. Instructions on how to do this are included in ASS#1. You should do this right now.

Interactive workshops

We will have an interactive workshop each week at 9.00am – 12 noon each Thursday. These will be held in Cairns, Mackay, Rockhampton, Gladstone, Bundaberg, Brisbane, Sydney and Melbourne; and I will be leading the class from 9.00am – 10.30am from Rockhampton. At each location, you will have a teaching staff member to support you in discussions; and we will break up into our own groups at each location from 10.30am – 12 noon. Anyone in our unit can attend workshops at any location; and distance students are welcome to attend at a location near you, should you ever wish to.

You can also Zoom into the workshop live each week and participate from wherever you are in Australia (and elsewhere). If the time of our workshop does not suit you, you can watch a video of each of the workshops. These will be available each week on Moodle (in the section for that week) usually by 5.00pm Friday.

In the interactive workshops, we will review some of the key concepts from the readings each week (we all need to come to class having already completed the readings) and will have an opportunity to discuss issues with, and be supported to complete, the steps of the assignment. You can find the room of your workshop at your location here.

Contact details of our teaching staff can  be found at Unit Contacts in the Information section on the top left hand side of Moodle.

I will give you your own company at 5.00pm Friday (Week 1). This will be available in the top central section of Moodle. I will also email everyone (as well as post on the unit Facebook page) to let you know when they are available.

Your company may be from Australia, New Zealand, UK, Europe, Asia, Africa, South America or Canada. Your company will use international accounting standards so we can together make sense of our firm’s accounts from a range of different countries, as all our companies will be following the same accounting ‘rules’. Your company may have exotic and well-known international brands, or it may be a business completely unknown to you.

Assessment

The assesment in our unit is:

PeerWise     5%

ASS#1          45%

ASS#2          50%

In our unit we have no exam. This will be great at the end of term. If you are studying other units with exams, this will allow you to focus on preparing for those exams. But the trade-off (and there is always a trade-off, isn’t there?) is that there are a series of assessments spread evenly throughout the term. This means in our unit you need to work steadily each week; that is right, every week.

Assignment

The key assessment is a major assignment broken into two stages (ASS#1: 45%, ASS#2: 50%) with each stage building on the one before; and with each stage having steps due progressively through the term.

ASS#1 is due at 11.00am Monday Week 7. In addition, Step 1 (the first step) of ASS#1 is due by 11.00am Thursday Week 1; and Step 2 is due by 11.00am Friday Week 2. Step 1 involves us reading the Preface and Chapter 1 from the Study Guide and including some of our key concepts and questions from these readings. Step 2 involves us reading Chapters 2 and 3 from the Study Guide.

ASS#2 is due at 11.00am Wednesday Week 13. In addition, Step 1 of ASS#2 is due by 11.00am Saturday Week 8; and Step 2 is due by 11.00am Monday Week 12.

PeerWise

The other part of the assessment is PeerWise, worth 5%. Being active on PeerWise can also really help you with your major assignment.

One thing you should get started on right away is PeerWise. Click on the PeerWise folder in the top central section of Moodle. There you will find everything you need to know about how to get started on PeerWise (and also the marking guidelines for PeerWise). You should register and get started on PeerWise now. It is open and you can start now.

The idea with PeerWise is that you read the reading from the Study Guide each week. You can see in the Weekly Schedule which chapters from the Study Guide to read each week. And you can find the Study Guide by clicking on ‘Study Guide’ in the Study Guide section on the left hand side of Moodle.

I know this may be a new experience for you, but in this unit I actually expect everyone … yes, everyone … to complete the readings properly and thoughtfully each week (and before our workshops, if you are attending workshops). PeerWise is designed to help support you to do this.

While reading the Study Guide each week, write down a few multiple choice questions to include on PeerWise (and their solutions with quality explanations). Then enter these into PeerWise. Also, answer a few questions from other people, and also rate their questions, and you can comment on some of these questions as well. Do a little bit of this each week. Tip: There is a great advantage in starting PeerWise early. So if you want to get a great score on PeerWise, I strongly advise you to get started now.

And a second tip for PeerWise: When you answer a great question that has a well-written explanation for the solution, follow the author of the question. This will help later in the term when we may find a few people may write a large number of poor quality questions. You can then avoid these questions by simply answering questions from those you are following on PeerWise.

Interacting with others

You will also find a link here to our unit’s Facebook page; which you can also find in the Communication section on the right hand side of Moodle. Click on this link and ask to be included as a member of the Facebook page of our unit. You then might like to write a post saying hi to everyone and introducing yourself to others.

You will quickly realise that interaction and discussion with others in our unit is critical – indeed, essential – to be able to complete the assessed learning tasks. You will find you need to discuss with others to help you develop your own understanding about your firm and how you will analyse its financial statements and value your firm. So you may need to adjust how you learn, to learn for understanding (rather than simply ‘rote learn’ material you may not properly understand for yourself); and as you seek to understand what we are studying each week through your discussions and interactions with others, you will find (even if studying at one of our locations) that a lot of these interactions we have with each other will be online.

Our Facebook page, the various Moodle forums and our blogs are key vehicles we will use to help us connect with others in our unit, no matter where we are; whether on any of our locations or online across Australia. You will find there are a really great group of people in our unit to interact with; and as we all have different companies, we can share our work freely with each other and discuss aspects of our assignments without any fear of people ‘copying’ our work. You will find we all need to understand the key concepts for ourselves, for us to be able to apply them to the special and particular situation of our own individual company.

It is great to have you in our unit. I look forward to working with you as together we analyse our firms and seek to review and consolidated what we have learnt in our degrees.

Regards
Martin

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