Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Leisa Henness
Contact via Leisa.Henness@mq.edu.au
Moderator (North Ryde Campus)
James Lau
Contact via james.lau@mq.edu.au
Moderator (North Ryde Campus)
James Lau
Contact via james.lau@mq.edu.au
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
(ACCG923 or ACCG862) and (admission to MAcc(Prof) or MAcc(CPA) or MAcc(Prof)MCom)
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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 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.
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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 |
---|---|---|
1. Quiz | 10% | Week 13 |
2. Class Test | 15% | Week 7 |
3. Presentation | 15% | Week 12 |
4. Final Examination | 60% | Examination period |
Due: Week 13
Weighting: 10%
The online quiz will be computer based (accessed from iLearn) with multiple choice questions. The details are as follows:
· Topics covered: 1-10
· Due date: 14 November 11.59pm
· Feedback available: 16 November
Submission
Submit on iLearn.
Extension
Students are required to attempt the quiz on the designated dates and there is no supplementary quiz if you do not attempt it. No extensions will be granted. Students who have not attempted the quiz prior to the deadline will be awarded a mark of 0 for the quiz, except for cases in which an application for Disruption to Studies is made and approved.
Penalties
A mark of zero will be awarded to students who did not attempt the quiz.
Due: Week 7
Weighting: 15%
Throughout the session there will be one class test. The purpose is to give you a focus for your study and to give you timely feedback on your performance. The test will be closed book, answered under examination conditions and of examination standard. You must sit for the test in your registered class. Class test scripts will be returned in week 9.
Class test will be held during class time in week 7. The test will cover material in topics 1 to 5 and it is worth 15%.
Submission
You are required to sit for the test in your registered class.
Extension
Students who are absent from the test will be awarded a mark of ZERO, except for cases in which an application for Disruption to Studies is made and approved. If your Disruption to Studies application is approved, then you are required to arrange a time with the Unit Convenor to sit for a supplementary class test. A different test paper will be used for the supplementary class test.
Penalties
A mark of zero will be awarded to students who are absent from the test.
Due: Week 12
Weighting: 15%
Students will be allocated into groups based on class lists current as at week 5. Details of the group that you have been allocated to and the week that your group will be presenting will be posted on iLearn in week 6.
Detailed requirements for all group presentations including duration of your presentation, written materials required to be submitted to accompany your presentation etc will also be posted on iLearn at that time.
A mark will be awarded to each group and individual feedback for the group presentations will be provided in the final week of class.
Submission
You are required to present in your registered class during week 12.
Extension
No extensions will be granted. Students who are absent from the presentation will be awarded a mark of ZERO, except for cases in which an application for Disruption to Studies is made and approved. If the application is approved, students are expected to complete the presentation on an individual basis.
Penalties
A mark of zero will be awarded to students who are absent from the presentation.
Due: Examination period
Weighting: 60%
A final examination is included as an assessment task for this unit to provide assurance that:
i) the product belongs to the student and
ii) the student has attained the knowledge and skills tested in the exam.
A 3 hour closed book final examination for this unit will be held during the University Examination period. This examination will examine material covered in topics 1 to 10.
Submission
Please check for the University Examination period.
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.
There is a requirement to PASS the final examination to be awarded a final grade of a Pass or a higher grade.
Extension
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 Disruption to Studies. The University’s policy on Disruption to Studies process is available at:
http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
If a Supplementary Examination is granted as a result of the Disruption to Studies 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.
Supplementary examination information for session 2, 2014 is available at:
The Macquarie university examination policy details the principles and conduct of examinations at the University. The policy is available at:
http://www.mq.edu.au/policy/docs/examination/policy.html
Penalties
A 'Fail' grade will be awarded to students who are absent from the final exam.
Classes
This unit offers one 3 hour class per week.
The class is offered on Wednesday 11.30 -2.30 Room 213
Consultation hours
The lecturer on this unit is available for consultation during teaching weeks by appointment, you can make this request by email however the lecturer will endeavour to answer any queries via email. Please also note that there are no consultation times during the Session break. Students experiencing any difficulties should seek help as soon as possible.
Required and Recommended Texts and / or Materials
Prescribed texts
Unit Web Page
Unit materials, suggested solutions, announcements and other relevant information are found on iLearn for the unit at: http://ilearn.mq.edu.au.
Students are expected to visit the unit webpage on a regular basis.
Teaching and Learning Activities
The last page of the assessment guide on ilearn contains a list of the topics that will be covered in classes over the duration of the session. Also included are details of weekly readings, weekly homework questions and additional questions to be covered for each topic.
Class structure
Each session will involve a tutorial segment, discussing assigned weekly homework questions from the previous week. The session will then continue with a lecture covering the next topic.
You are not required to have completed the weekly reading prior to attending the weekly lecture. However, the content within the readings is examinable and you are expected to have completed the readings prior to attempting relevant assessment tasks.
You are expected to fill in key words and answers of illustrative examples in the lecture notes during class time.
Weekly homework questions (mandatory)
You are required to prepare solutions to the weekly homework questions prior to attending the following class. As solutions to selected weekly homework questions will be discussed in class, this gives you an opportunity to discuss any problems or difficulties you are experiencing with the subject content.
Solutions to weekly homework questions will be placed online (ilearn.mq.edu.au) on Friday afternoon.
In class case studies
Solutions to the in class case studies will be discussed in classes but will not be posted online.
Technology Used and Required
Students will need access to Microsoft Office and iLearn to enable completion of various assessment tasks throughout the session.
Week commencing Monday |
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Topic |
Readings
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4 August |
1 |
Intro Consol. I – the consolidation method |
Leo: Ch. 15 (excl 15.4) |
11 August |
2 |
Consol. II – wholly owned subsidiaries |
Leo: Ch. 16 (excl 16.8) |
18 August |
3 |
Consol. III - Intra-group transactions |
Leo: Ch. 17 |
25 August |
4 |
Consol. IV – Non-controlling interests
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Leo: Ch. 18
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1 September |
5 |
Consol. V – Indirect ownership interests |
Leo: Ch. 19 (excl 19.4, 19.5) |
8 September |
6 |
Consol. VI – Case Study |
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15 September |
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Class test |
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Mid-session break (22 Sep - 3 Oct) |
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6 October |
7 |
Translation of foreign currency financial statements and accounting for foreign subs |
Picker: Ch. 28 (excl 28.6 & 28.11) |
13 October |
8 |
Equity accounting |
Leo: Ch. 20 (excl 20.6.2 and 20.8) |
20 October |
9 |
Joint ventures
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Picker: Ch. 30 (excl 30.5)
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27 October |
10 |
In class Case Study – Fast Air Pty Ltd |
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3 November |
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Group presentation |
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10 November |
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Revision and Online quiz |
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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/
Grade Appeals and Final Examination Script Viewing at Macquarie City Campus
Please request a script at: http://www.city.mq.edu.au/reviews-appeals.html
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.
Student Support at Macquarie City Campus
Please see the City Campus webpage and this link for further details:
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.
IT Help at Macquarie City Campus
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 and it outlines what can be done.
http://www.mq.edu.au/policy/docs/acceptable_use/policy.html
Students must use their Macquarie University email addresses to communicate with staff as it is University policy that the University issued email account is used for official University communication.
Students are expected to act responsibly when utilising Macquarie City Campus IT facilities. The following regulations apply to the use of computing facilities and online services:
Non-compliance with these conditions may result in disciplinary action without further notice.
If you would like to borrow headphones for use in the Macquarie City Campus computer labs (210, 307, 311, 608) at any point, please ask at Level 2 Reception. You will be required to provide your MQC Student ID card. This will be held as a deposit while using the equipment.
For assistance in the computer labs, please see a Lab Demonstrator (usually they can be found in Lab 311, otherwise ask at Level 2 Reception).
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 able to communicate effectively and convey their views to different social, cultural, and professional audiences. They will be able to use a variety of technologically supported media to communicate with empathy using a range of written, spoken or visual formats.
This graduate capability is supported by:
Our postgraduates will demonstrate a high standard of discernment and common sense in their professional and personal judgment. They will have the ability to make informed choices and decisions that reflect both the nature of their professional work and their personal perspectives.
This graduate capability is supported by:
This unit gives you practice in applying research findings in your assignments
This unit gives you opportunities to conduct your own research