Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor and Lecturer
James Lau
Contact via accg926@mq.edu.au
E4A349
TBA on ilearn
Lecturer
Emma Holmes
Contact via accg926@mq.edu.au
TBA on ilearn
Lecturer
Leisa Henness
TBA on ilearn
Lecturer
Daisy Chen
TBA on ilearn
|
---|---|
Credit points |
Credit points
4
|
Prerequisites |
Prerequisites
(ACCG923 or ACCG862) and (admission to MAcc(Prof) or MAcc(CPA) or MAcc(Prof)MCom or MIntAccg)
|
Corequisites |
Corequisites
|
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.
|
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:
Expectations and Workload
Students are expected to spend 150 hours working on this unit. As a guide a student should spend these approximate amounts of time on each of the following activities:
|
Activities |
Hours |
1 |
Weekly Seminars |
39 |
2 |
Assessment Task 1 (Class Test) |
15 |
3 |
Assessment Task 2 (Assessed Coursework) |
10 |
4 |
Assessment Task 3 (Quiz) |
10 |
5 |
Assessment Task 4 (Final Exam) |
26 |
6 |
Readings/self-study |
50 |
|
TOTAL |
150 |
Name | Weighting | Due |
---|---|---|
1. Class Test | 20% | Week 6 |
2. Assessed Coursework | 10% | Weeks 9 and 10 |
3. Quiz | 10% | Week 12 |
4. Final Examination | 60% | Examination period |
Due: Week 6
Weighting: 20%
In this session there will be one class test. The purpose of the class test is to give you a focus for your study and provide 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 will be held during class time in week 6. The test will cover material in topics 1 to 4 (inclusive) and will contribute 20% to your overall assessment for this unit.
Submission
You are required to sit the class 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. In these cases, a supplementary class test will be held during the mid-session break. Students are advised that once a determination is made on their Disruption to Studies Notification, they may not withdraw their notification and must submit themselves to partake in the supplementary class test. As per the Disruption to Studies Procedure, students are also advised that the time and date, deadline or format of the supplementary class test as a result of a Disruption to Studies Notification is not negotiable, and students must make themselves available to take the supplementary test. Failure to meet this requirement will result in a zero (0) mark being awarded. No further supplementary test will be provided.
Penalties
A mark of zero will be awarded to students who are absent from the test.
Due: Weeks 9 and 10
Weighting: 10%
Task overview and marking criteria
Additional questions will be posted on iLearn at the beginning of weeks commencing 8 and 9. These two (2) assessed coursework will be collected in Weeks 9 and 10 respectively; marks will be awarded based on accuracy. Each assessment will be contribute 5% to your overall assessment for this unit. You will receive feedback from your lecturer in the following week.
Submission
You are required to submit your assessed coursework in your registered class at the commencement of the class. No assessments will be accepted after 15 minutes from commencement of the class.
Extension
Not applicable
Penalties
Zero for non submission in registered class.
Due: Week 12
Weighting: 10%
Task overview and marking criteria
The online quiz will be computer based (accessed from iLearn) with multiple choice questions. The details are as follows:
Topics
covered
%
Due date
Feedback available
Online quiz
1 – 10
10
5 November (Fri) 11:59pm
8 November (Mon)
Submission
Submit on iLearn during week 12.
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 special consideration is made and approved.
Penalties
A mark of zero will be awarded to students who did not attempt the quiz.
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 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 timetable for classes can be found on the University web site at:
http://www.timetables.mq.edu.au/
You MUST attend only the class in which you are enrolled. In the event that you have to attend an alternative class for a particular week you are required to notify your lecturer in advance of attending the alternate class.
Consultation times will commence in Week 3. Please refer to iLearn for staff consultation times, and note that there are no consultation times during the mid-session break.
Required and Recommended Texts and / or Materials
Prescribed text:
Leo, Knapp, McGowan and Sweeting, Company Accounting, 10th ed. John Wiley & Sons Australia Ltd, 2015
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, and at a minimum at least one a week.
Teaching and Learning Activities
The last page of this assessment guide 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 self-study questions.
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 some students find reading prior to classes useful. ALL the content within the readings is examinable and you are expected to have completed the readings prior to attempting relevant assessment tasks.
Weekly homework questions
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 the week the homework is due.
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 Excel, Word and Powerpoint to enable completion of various assessment tasks throughout the session.
Week commencing Monday |
Topic No. |
Topic Description |
Readings (All reading are from prescribed text unless otherwise indicated) |
1 August |
1 |
Consolidation Part I – The consolidation method |
Chapter 18 (excluding 18.5) |
8 August |
2 |
Consolidation Part II – Wholly owned subsidiaries |
Chapter 19 (excluding 19.8) |
15 August |
3 |
Consolidation Part III – Intra-group transactions |
Chapter 20 |
22 August |
4 |
Consolidation Part IV – Non-controlling interests |
Chapter 21 |
29 August |
Consolidation revision |
||
5 September |
Class test |
||
12 September |
5 |
Translation of foreign currency financial statements |
Chapter 17 |
Mid-session break (19 – 30 September) |
|
|
|
3 October |
6 |
Equity accounting |
Chapter 23 |
10 October |
7 |
Joint arrangements |
Chapter 24 |
17 October |
8 |
Conceptual issues in corporate accounting |
Materials on ilearn |
24 October |
9 |
In-class case study – SEEK Ltd |
Materials on ilearn |
31 October |
10 |
In-class case study – Fast Air Pty Ltd |
Materials on ilearn |
7 November |
Revision |
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.
The nature of scholarly endeavour, dependent as it is on the work of others, binds all members of the University community to abide by the principles of academic honesty. Its fundamental principle is that all staff and students act with integrity in the creation, development, application and use of ideas and information. This means that:
Further information on the academic honesty can be found in the Macquarie University Academic Honesty Policy at http://www.mq.edu.au/policy/docs/academic_honesty/policy.html
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
All final grades in the Department of Accounting and Corporate Governance are determined by a grading committee and are not the sole responsibility of the Unit Coordinator.
tudents will be awarded one of these grades plus a Standardised Numerical Grade (SNG). The SNG is not necessarily a summation of the individual assessment components.
The final grade and SNG that are awarded reflect the corresponding grade descriptor in the Grading Policy.
In addition, there is a requirement to PASS the final examination to be awarded a final grade of a Pass or a higher grade.
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.
The University is committed to equity and fairness in all aspects of its learning and teaching. In stating this commitment, the University recognises that studentsmay experience disruptions that adversely affect their academic performance in assessment activities. A disruption to studies policy exists to support students who experience serious and unavoidable disruptions that arise after a study period has commenced. The policy is available at:
http://www.mq.edu.au/policy/docs/disruption_studies/policy.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.
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.
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:
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 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:
This unit addresses global and sustainability issues as direct areas of study and as necessary implications arising from the materials, assessment and academic discussion and debate in classes/seminars. We promote sustainability by developing ability in students to research and locate information within accounting discipline. We aim to provide students with an opportunity to obtain skills which will benefit them throughout their career.
The unit materials have a reference list at the end of each chapter/module/text containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.