ACCG1001 Accounting and Governance

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ACCG1001 Accounting and Governance
Final Exam Information Sheet
S1 2020

Test Date (University examination period)	The Final Exam for ACCG1001 (55%) will be completed online via the iLearn. The exam will be opened at 3pm and closed at 9pm on Friday 19 June 2020 (Sydney time). You can attempt your exam (2 hrs 15 minutes) any time within this 6 hours window. But you are advised to start the exam at least 3hrs before the exam is closed (i.e. by 6pm). If you start any time after 6.45pm, you will not be able to complete the exam within the 2hrs 15 minutes duration. Please note only ONE attempt is allowed.
Examinable Topics	1. Introduction: Accounting & governance (Week 1 lecture topic). 2. Internal control (including bank reconciliations) (Week 2 lecture topic). 3. Accounting for receivables (Week 3 lecture topic). 4. Accounting for inventory I (Week 4 lecture topic). 5. Accounting for inventory II and GST implications (Week 5 lecture topic). 6. MYOB (Week 6 Lecture topic). 7. Accounting regulation and conceptual framework (Week 8 lecture topic). 8. Accounting for non-current assets (Week 9 lecture topic). 9. Accounting for liabilities and equity (Week 10 lecture topic). 10. Financial statement analysis (Week 11 lecture topic). 11. Accounting for partnerships (Week 12 lecture topic.
Types of Questions	[Question 1 to Question 5] – 5 Marks FIVE Multiple Choice Questions (MCQ) All questions from MYOB (Week 6 lecture topic) ………………………………………………………………………………….. [Question 6 to Question 15] – 10 Marks TEN Multiple Choice Questions (MCQ) Question from all examinable topics, except MYOB (Week 6 lecture topic). Questions will come mostly from Week 1 and Week 8 Lecture topics. The questions are not calculations, but theory based. ………………………………………………………………………………….. [Question 16 to Question 23] – 40 Marks EIGHT practical (calculation) and interpretation questions. Questions will come from Week 5, Week 9, Week 10, Week 11 and Week 12 lecture topics. The questions will include: • Recording inventory transactions, taking into account the effects of GST and/or inventory cost flow. • Deprecation methods and/or disposal of assets • Accounting for notes payable, warranty provisions, and/or dividend. • Calculation and /or interpretation of ratios. • Accounting for partnership (formation and distribution of profit or losses).

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Issues during the exam:
• If you believe there is an error in your exam: Please complete the question to the best of
your ability, take note of the exam question and the potential error, then submit the exam
error form once you have finished at http://mq.edu.au/exam-error. Reported errors will
be evaluated after the exam as part of the marking process. Confirmed errors will be
handled in a manner that will not disadvantage students.
• For all other issues (personal, illness, technical or logistical) please contact the Exams
Support Hotline on 1800 MQ EXAM (1800 67 39 26) or International +61 2 9850 2700.
Other Important information:
• This is an open book exam. You may ONLY access authorised materials during the
examination which include lecture/tutorial notes and solutions, textbook, and
dictionary. If it is alleged that you have breached these rules at any time during the
examination, the matter may be reported to a University Discipline Committee for
determination.
• You will need a calculator, desktop computer or laptop, internet, and access to iLearn.
Check that your computer/laptop is charged, and internet is working.
• Attend online consultation if you have difficulty with any examinable topics (see iLearn
for the final exam consultation information).
• A sample practice question and answers are uploaded on the ilearn ONLY for guide and
practice under “Practice Exam Period Assessment” sub-section under EXAM
PERIOD ASSESSMENT section.
• A sample online exam is also created on ilearn to familiarise you on how to sit for online
exam under under “Practice Exam Period Assessment” sub-section under EXAM
PERIOD ASSESSMENT section on ilearn. You are highly encouraged to practice
the sample online exam.
• Week 13 lecture is on “Revision & discussion of final exam”. Watch the lecture for
more revision and guidance about the final exam and discussion on the sample online
exam.
• Note that the Sample Exam and the Final Exam are not the same and do not necessarily
have the same topics covered or weighting of marks for each question.
• Note that the content or style of past final examination papers may not be representative
of that of the final exam paper for this session.
• If your attendance at the final exam is affected by serious and unavoidable disruptions,
please submit a Special Consideration application ASAP. Only students with the Special
Consideration applications may be eligible to sit in a supplementary exam.
• The topics examined or weighting of marks for each question may be different in the
supplementary exam. Information about the supplementary exam will be provided
under the exam section on iLearn, after the final exam.
Good luck!

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