Unit convenor and teaching staff |
Unit convenor and teaching staff
Tom O'Sullivan
Catriona Lavermicocca
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
ACCG907 and ACCG908 and ACCG913
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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 provides extended formal academic support for full-time students concurrently enrolled in Advanced Taxation segment of the CPA program. The unit provides an in-depth knowledge of the law of income tax as it affects individuals, partnerships, trusts and companies. It also covers comprehensively the practical application of income tax, goods and services tax, capital gains tax and fringe benefits tax in Australia and in relation to overseas transactions.
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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:
Turnitin
All text based assessments must be submitted through Turnitin as per instructions provided. It is the student’s responsibility to ensure that work is submitted correctly prior to the due date. The Turnitin version will be taken as the record of submission.
It is the responsibility of the student to retain a copy of any work submitted. Students must produce these documents upon request. Copies should be retained until the end of the grade appeal period each term. In the event that a student is asked to produce another copy of work submitted and is unable to do so, they may be awarded zero (0) for that particular assessment task.
Satisfactory completion of this course
To satisfactorily complete ACCG 909, students must:
Name | Weighting | Due |
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Class Test 1 | 15% | 9/9/2016 |
Class Test 2 | 30% | 7/10/2016 |
Group task and presentation | 25% | 4/11/2016 |
Final exam | 30% | CPA exam period |
Due: 9/9/2016
Weighting: 15%
Submission: Held in seminar on 9 September 2016.
Extensions: No extensions will be granted. Students who do not attend the class test on the allocated date will be awarded a mark of zero, except for cases where an application for Disruption to Studies is made and approved.
Penalties: Zero marks for non-attempt.
Due: 7/10/2016
Weighting: 30%
Submission date: Held in seminar on 7 October 2016.
Extensions: No extensions will be granted. Students who do not attend the class test on the allocated date will be awarded a mark of zero, except for cases where an application for Disruption to Studies is made and approved.
Penalties: Zero marks for non-attempt.
Due: 4/11/2016
Weighting: 25%
Submission: The group assignment must be submitted by 8.30am on 4 November 2016 on ILearn/Turnitin. A hard copy must also be provided to the lecturer in class at 9am on 4 November 2016. The individual presentation on the group assignment is due in class on 4 November 2016.
Mark allocation: The group assignment is worth 12.5% and the presentation component is worth 12.5% combining to a total of 25%. A group mark will be awarded for the assignment and an individual mark for the presentation.
Extensions: No extensions will be granted for the presentation or written assignment. Students who do not present on the allocated day will be awarded a mark of zero for the task. With respect to the written assignment, there will be a deduction of 10% of the total available marks made from the total awarded mark for each 24-hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). These penalties do not apply for cases in which an application for disruption of studies is made and approved.
Penalties: Zero marks for non-attempt.
Due: CPA exam period
Weighting: 30%
The three-hour open book examination will be held under the rules and conditions of CPA Australia in their exam period between 15 October 2016 and 30 October 2016.
Submission/Extension/Penalties: The examination will be held under the rules and conditions of CPA Australia. Please refer to details provided by CPA Australia
There are 3 hours of face-to-face teaching per week consisting of a 3-hour seminar. Please refer to the following webpage for the specific seminar day and time http://timetables.mq.edu.au.
Students are required to attend all classes.
Required and Recommended texts and/or Materials
Required texts
CPA Program: Advanced Taxation, Deakin University, July 2016 materials (provided to you by CPA Australia)
Recommended texts
Students will need to refer to legislation throughout the course. No legislation reference is prescribed as compulsory, but students would find useful:
OUP Core Tax Legislation and Study Guide (2016 edition), or Thomson Reuters Fundamental Tax Legislation (2016 edition).
Alternatively, students can access tax legislation at www.comlaw.gov.au.
Additional references
The following books are not required to be purchased, but students would benefit from reference to any of the following as additional reading:
OUP Australian Taxation Law, Woellner, Barkoczy, Murphy, Evans and Pinto (2016 edition) CCH Australian Master Tax Guide (2016 edition), or
Thomson Reuters Australian Tax Handbook (2016 edition).
Students would also benefit from referring to the 26th edition of the OUP Australian Taxation Study Manual (Nethercott, Richardson, Devos and Gonzaga ) which provides questions and suggested solutions to tax problems for the 2015/16 tax year.
Many of the recommended texts and additional references are available in the Library and for purchase from the Macquarie University Co-op Bookshop.
Course material is available on iLearn.
The unit is broken up into seminars in which students and the lecturer discuss readings, case studies and assigned questions on specified taxation topics that correlate with the 13 modules. Each seminar will be held on the scheduled date for 3 hours. In between these seminars, students are required to work through and complete nominated modules in the CPA program, as well as work on assessment tasks.
In preparation for a seminar, students should work through the relevant modules in the CPA program, as well as work on assessment tasks and self-assessment tests.
Each seminar will consist of a mixture of activities based around the CPA program modules. These will include:
Group/team work is required in completing the assignment and associated presentation.
The workload in completing this unit is 150 hours.
Students are expected to have:
Week |
Date of Class |
Agenda
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1 |
12 August 2016
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Introduction
Module 1: Tax administration
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2 |
19 August 2016
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Module 2: Principles of assessable income |
3 |
26 August 2016 |
Module 3: Principles of General and Specific Deductions
Group assessment topics and groups handed out
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4 |
2 September 2016 |
Module 4: Capital expenditure allowances
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5 |
9 September 2016
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Module 5: Capital gains tax
1st Multiple choice exam in class
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6 |
16 September 2016
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Module 6: Individuals
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7 |
23 September 2016
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Module 7: Partnerships
Module 8: Trusts
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8 |
To be advised
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Module 9: Companies and dividends |
9 |
30 September 2016 |
Module 10: Consolidations
Module 11: Transfer pricing
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10 |
To be advised |
Module 12: Fringe benefits tax
Module 13: Goods and services tax
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11 |
7 October 2016
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2nd Multiple choice exam in class |
12 |
14 October 2016 |
Revision class
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15 October 2016 to 30 October 2016
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CPAexam |
13 |
4 November 2016
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Written assignment due
Delivery of group presentations
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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
New Assessment Policy in effect from Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy_2016.html. For more information visit http://students.mq.edu.au/events/2016/07/19/new_assessment_policy_in_place_from_session_2/
Assessment Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.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/
Results shown in iLearn, 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.
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://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.
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