Students

ACCG8126 – Corporate Accounting

2024 – Session 1, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Le Luo
le.luo@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
(Admission to MAccg or MAccLead or MAccg(Adv) or MProfAcc or MProfAccgLead) or ACCG6011
Corequisites Corequisites
ACCG923 or ACCG8123
Co-badged status Co-badged status
Unit description Unit description

This unit discusses and analyses the accounting issues that pertain to the corporate form of organisation operating in the private sector. It includes an examination of the framework for regulating corporate financial reporting in Australia, as well as an in-depth study of the requirements for the preparation of financial statements for a group of companies operating under common control. This unit evaluates the application and basis of selected accounting standards that relates to investment in entities, which includes consolidation, equity accounting and joint arrangement. Case studies are used to illustrate the application of accounting standards in the real-world setting. Students are expected to analyse and integrate conceptual and technical corporate accounting knowledge.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • ULO2: Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations
  • ULO3: Use a visual analytics software to explore and gain insight(s) into a company’s financial and non-financial performance
  • ULO4: Effectively communicate within a group and to an intended audience

General Assessment Information

Late Assessment Submission Penalty (written assessments) Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern. For any late submissions of timesensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration

Assessment Tasks

Name Weighting Hurdle Due
Assessed coursework 25% No Week 4, 8, 9, 10
Company analysis 15% No Week 12
Final Examination 60% No Formal Examination period

Assessed coursework

Assessment Type 1: Participatory task
Indicative Time on Task 2: 20 hours
Due: Week 4, 8, 9, 10
Weighting: 25%

 

There will be multiple assessed coursework assignments including a quiz throughout the session.

 
On successful completion you will be able to:
  • Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations
  • Use a visual analytics software to explore and gain insight(s) into a company’s financial and non-financial performance

Company analysis

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 20 hours
Due: Week 12
Weighting: 15%

 

Students will work in a group to use an analytics software to explore and gain insights into a company’s financial and/or non-financial performance.

 
On successful completion you will be able to:
  • Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations
  • Use a visual analytics software to explore and gain insight(s) into a company’s financial and non-financial performance
  • Effectively communicate within a group and to an intended audience

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 40 hours
Due: Formal Examination period
Weighting: 60%

 

A two-hour examination will be held during the University Examination period.

 
On successful completion you will be able to:
  • Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Writing Centre for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

Required Textbook:

Leo, Knapp, McGowan, Sweeting, and Meng, Custom Publication for Macquarie University ACCG8123/ACCG8126, John Wiley & Sons Australia Ltd, 2021. Please find the link for the textbook information via https://www.wileydirect.com.au/buy/accg8123-accg8126/.

Recommended Readings

Baltzan, P, Paige, A 2023, Business Driven Information Systems, 8e McGraw-Hill North Ryde Australia (ISBN 9781264136827) Please refer to ilearn for more details about the unit delivery and resources.

Unit Schedule

Week commencing Monday Week No. Topic Readings Assignment Due
19-Feb 1 Accounting for income tax Ch. 4 (Leo)  
26-Feb 2 Business combinations Ch. 7 (Leo)  
4-Mar 3 Consol. I – the consolidation method Ch. 9 (Leo)  
11-Mar 4 Consol. II – wholly owned subsidiaries Ch. 10 (Leo) Assessed Coursework 1 Due on Sunday 
18-Mar 5 Consol. III - Intra-group transactions Ch. 11 (Leo)  
25-Mar 6 Consol. IV – Non-controlling interests Ch. 12 (Leo)  
1-Apr 7 Introduction to Tableu    
8-Apr 8 Translation of foreign currency financial statements Ch. 15 (Leo) Assessed Coursework 2 Due on Sunday 
Mid-session break (15-Apr - 28-Apr)  
29-Apr 9 Equity accounting Ch. 17 (Leo) Assessed Coursework 3 Due on Sunday 
6-May 10 Financial Instrument Ch. 11 (Loftus) Assessed Coursework 4 Due on Sunday 
13-May 11 Information Systems Documentation and Controls Refer to ilearn  
20-May 12 Software tools and their applicability to accounting Refer to ilearn Company analysis Due on Sunday
27-May 13 Revision  

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

The Library provides online and face to face support to help you find and use relevant information resources. 

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Student Enquiries

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IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/. 

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.

Unit information based on version 2024.04 of the Handbook