Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Brian Millanta
Contact via brian.millanta@mq.edu.au
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
ACCG612 or ACCG926 or admission to MCom or MIntBus or MEc or MActPrac prior to 2011
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This is an advanced unit in financial accounting that deals with accounting for business operations conducted through a corporate group from the perspective of the practitioner. The main topic of the unit is the techniques of consolidation accounting used to prepare the consolidated financial statements for a corporate group. The unit also considers the compilation of cash flow statements, accounting for income tax, accounting for business combinations, asset impairment, the translation of foreign operations, accounting for associated entities, and sustainability accounting.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Due |
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1. Class test | 15% | Week 4, 8 and 12 |
2. Assessed Coursework | 10% | Weekly |
3. Assignment | 15% | 23 May 2014 |
4. Final Examination | 60% | University Exam Period |
Due: Week 4, 8 and 12
Weighting: 15%
There will be assessable tasks to be completed in the classes in weeks 4, 8 and 12. The week 4 task will relate to topics from weeks 1 to 3; the week 8 task to topics from weeks 4 to 7, and the week 12 task to topics from weeks 8 to 11. Each task will be of 20 minutes duration and may require the completion of a practical question and/or multiple-choice questions. The aim of these assessable tasks is to provide you with on-going feedback relating to your understanding and learning progress within the course. The tasks are worth 15% of the overall assessment (5% each).Students who do not attend the class for a week in which an assessable task is scheduled can apply for special consideration only if they have valid grounds to do so. Students who fail the tasks should discuss their situation with the unit convenor to canvass remedial measures.
Estimated student workload: It is expected that students spend approximately 6 hours of study for each class test.
Submission: In class in weeks 4, 8 and 12;
Extension: Noextensions are available for class tests;
Penalties; Failure to attend results in loss of allocated marks.
Due: Weekly
Weighting: 10%
Independent work on assignment exercises and problems is fundamental to satisfying the learning objectives of this unit.
You are not expected to always have the right answers from your independent work but you are expected to make a significant attempt at assignment questions before each seminar. It is expected that, in addition to attendance at theweekly seminars, you will spend at least ten hours per week working on assignments and preparing forthe next seminar
During the session, five of your weekly assignments will be collected for the purpose of assessing your ongoing effort in the unit. Advance notice will NOT be given that a particular assignment is to be collected. You should note that it is only possible for you to submit your assignment in the class of the week in which it is due. The assignment must be submitted by you and not by an agent. If you do not attend a seminar and that week’s assignment is collected, the marks for that assignment are automatically forfeited.
Your mark will be determined using the following grading system:
Ø A satisfactory assignment will be graded as “S” (satisfactory) and will earn 2 marks. To receive an “S”, the student must have made a genuine attempt to provide a comprehensive answer to ALL of the questions in that assignment.
Ø Where the majority of the assignment’s questions have been comprehensively answered but where either (1) a small number of questions have been answered in a perfunctory manner OR (2) ONE of the questions has NOT been attempted, the assignment will receive an “I” (incomplete) grade and will earn 1 mark.
Ø Where more than one question in an assignment has not be attempted, or where the majority of questions have not be comprehensively answered, the assignment will be graded as “U” (unsatisfactory) and will earn zero marks.
It is your responsibility to correct your assignment during the seminar. With this in mind, and so that your in-seminar corrections can be distinguished from your pre-prepared answer, it is mandatory that all weekly assignments be word-processed or typed. Handwritten assignments will not be accepted for grading.
On the front page of each weekly assignment that you submit you must include your full name and your student number.
Estimated student workload: It is expected that students spend approximately 8 hours of study for each week.
Submission: In class in week in which assignment is due
Extension: No extensions available
Penalties: Loss of marks for the assignment (i.e. 2 marks for each collected assignment not handed in)
Due: 23 May 2014
Weighting: 15%
You are required to complete a major assignment as one of your assessment tasks. The assignment must be submitted in the seminar on 23 May 2014. Details of the assignment will be posted on iLearn on 4 April 2014. As you have seven weeks in which to complete this task, no extensions of time for submission will be granted.
Estimated student workload: It is expected that students spend approximately 20 hours.
Submission: Due in class on 23 May 2014.
Extension: No extensions will be allowed
Penalties: A penalty of 25% of the total available assignment marks will be imposed for each day or part thereof that the assignment is overdue.
Due: University Exam Period
Weighting: 60%
A final examination is included as anassessment task for this unit to provide assurance that the product belongs to the student and that the student has attained the knowledge and skills tested in the exam. A 3 hour final examination for this unit will be held during the University Examination period. The exam will cover all material from weeks 1to12. You will be given further information regarding the final exam during the final seminar of the semester.
The University Examination period in First Half Year 2014 is from 16 June to 4 July.
Estimated student workload: It is expected that students would spend approximately 46 hours revising and preparing for the final examination.
What is required to complete the unit satisfactorily:
1) Satisfactory completion of all assessment tasks
2)To passthisunityou must pass (obtain at least 50%) in the overall performance and you must obtain at least 50% in the final examination
You are expected to present yourself for examination at the time and place designated in the University Examination Timetable. The timetable will be available in draft form approximately eight weeks before the commencement of the examinations and in final form approximately four weeks before the commencement of the examinations.
The only exception to not sitting an examination at the designated time is because of documented illness or unavoidable disruption. In these circumstances you may wish to consider applying for Special Consideration. A Supplementary Examination as a result of the Special Consideration process can only be granted if you have demonstrated satisfactory progress in this unit which requires at least 50% marks achieved in the continuous assessments to date and a demonstration of continued effort and engagement in the course. Please note that, under any circumstances, you can be granted only one Supplementary Examination. If a Supplementary Examination is granted as a result of the Special Consideration process the examination will be scheduled as per the Supplementary Examination timetable of the Faculty. Please note that the supplementary examination will be of the similar format as the final examination.
The Macquarie University Examination Policy details the principles and conduct of examinations at the University. The policy is available here.
Classes
Students in ACCG871 are required to attend a weekly seminar of three hours duration. One 15 minutes break will be taken during the seminar.
Required and Recommended Texts and/or Materials
In order to complete the seminar work and prepare for the final exam in this unit, you will need to possess a copy of the following textbook:
· Picker et al., (2013), Applying International Financial Reporting Standards, 3rd Edition, John Wiley & Sons Australia.
This book may be purchased at the Co-op Bookshop on campus.
Unit Web Page
A web page for ACCG871 has been created on Macquarie’s iLearn teaching facility.This site provides students with a facility to download certain course materials.The unit outline and applicable PowerPoint lecture slides for each seminar will be available for download as well as other course documents.The Power Point slides will be referred to during the lectures in ACCG871and they should form the basis of chapter summaries that students can use for exam revision. Students should bring their copy of the Power Point slides to seminars and add notes to them during the lectures as appropriate.
The web site is https://ilearn.mq.edu.au/login/MQ/ and students are required to use their Macquarie Login ID and password to access the site. Students having problems with their username and password will need to contact the IT help desk at: http://www.library.mq.edu.au/help/
Teaching and Learning Activities
You will only develop as a person who can think like an accountant and act like an accountant from your own experiences of problem solving with particular cases. Advanced corporate accounting is a“doing” subject.
This unit involves one three-hour seminar per week. The unit relies heavily on assignment-based learning and the participation of seminar participants. Each seminar is divided into two parts.
The first part (and the main part) of each seminar involves working through the assignment-based learning materials that have been distributed in the prior week. When working through these materials it is expected that seminar participants will contribute discussion and raise particular issues or problems that they have had with the assignment questions.
The second part of each seminar will comprise a lecture that covers the key concepts of a topic area often using a worked example.The purpose of this lecture is to prepare seminar participants so that they may attempt the relevant assignment questions and problems that have been set for the topic area for the next week.
On average the unit will require students to complete between 10 to12hours of private study per week.
Please note that solutions to the weekly assignment questions will not be handed out or posted to iLearn.Therefore it is imperative that students attend the weekly seminar in order to correct their work.
Technology Used and Required
Weekly assignments must be word-processed. Hand-written assignments will not be accepted. In preparing your weekly assignments, research assignment and class presentation you are encouraged to use Microsoft Word, Microsoft Excel and/or Microsoft PowerPoint.
You will also be required to access the Internet and Macquarie University’s iLearn teaching facility (refer to the detail contained below in Unit Web Page).
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Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Macquarie University uses the following grades in coursework units of study:
Grade descriptors and other information concerning grading are contained in the Macquarie University Grading Policy which is available at:
http://www.mq.edu.au/policy/docs/grading/policy.html
If, at the conclusion of the unit, you have performed below expectations, and are considering lodging an appeal of grade and/or viewing your final exam script please refer to the following website which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes a valid grounds for appeal before appealing your grade.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/.
When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by:
Thisunit gives you opportunities to understand the current account research. It provides you with insight into current thinking in accounting practice and will require you to apply research findings in your assignments. The unit contains a research-based major assignment worth15%
of the overall assessment.
Date | Description |
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10/03/2014 | Date change |