Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Daisy Chen
Contact via Contact via hua.chen@mq.edu.au
E4A Level 2
See Unit iLearn
Moderator
Jengfang Chen
Rahat Munir
|
---|---|
Credit points |
Credit points
4
|
Prerequisites |
Prerequisites
ACCG612 or ACCG926
|
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. The unit will evaluate the application and basis of selected accounting knowledge around measurement techniques, segment reporting, financial instruments, share based payments, employee benefits, intangible assets and accounting for revenues. Case studies will be used to illustrate the application of accounting knowledge in the real world setting. Students are expected to analyse and integrate conceptual and technical corporate accounting knowledge.
|
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:
Attendance at weekly classes is strongly advised for this unit.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Class tests | 25% | No | Weeks 4 and 10 |
Assignment | 20% | No | Week 12 |
Final Examination | 55% | No | University Examination Period |
Due: Weeks 4 and 10
Weighting: 25%
There are two class tests to be completed in class in weeks 4 and 10. The test in week 4 is worth 10% and the test in week 10 is worth 15%. In each test, students will be instructed to complete questions individually in a closed book test, so are not permitted to access the textbook, notes or other course materials. Students have to bring a calculator for each test, and will NOT be allowed to share calculators or access any electronic devices (e.g., phones, tablets, etc.) during the test.
Submission
Students must attempt the test in class in weeks 4 and 10.
Late Submission
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approve.
Due: Week 12
Weighting: 20%
Students will be allocated into groups based on class lists current as at week 5. Details of the group allocation will be posted on iLearn before mid-session break.
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.
Marks for the assignment will be awarded for both group and individual efforts. The feedback sheet/cover sheet will allow students to distinguish their own participation in the report. Each group member will be asked to take responsibility for one aspect of the report and they will receive 50% of the assignment's marks for the aspect.
Submission
Your group will be required to present in your registered class during week 12.
Late Submission
No extension will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
Due: University Examination Period
Weighting: 55%
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.
The final exam is of two hours and ten minutes duration. The final exam of ACCG871 is designed to test you against the learning objectives of the unit. Students in ACCG871 for 2018 will be required to do a final exam that tests them on all the material covered during the session. Further information on the final exam will be provided on iLearn.
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 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. It is the student's responsibility to make sure that they have ascertained the room number for their exam before the exam day.
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 Special Consideration. The University’s policy on Special Consideration process is available at: https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
If a Supplementary Examination is granted as a result of the Special Consideration process, the examination will be scheduled as per Supplementary Examination timetable of the Faculty. Please note that the supplementary examination will be of a 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 at:
http://www.mq.edu.au/policy/docs/examination/policy.htm
Details regarding the form and scope of the final exam will be provided to you during the final lecture. In the meantime you should be aware that the best preparation for the final exam is as follows:
What is required to complete the unit satisfactorily
Students must pass the overall assessment to receive a passing grade in this unit.
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 lectures/tutorials
39
2
Class test
25
3
Assessed coursework
30
4
Final exam
32
5
Readings/self-study
24
TOTAL
150
Name Daisy Chen Unit Convenor & Lecturer |
Email address hua.chen@mq.edu.au
|
Please use email as the first form of contact.
The consultation timetable will be confirmed on the unit’s website in week 2. Staff members are available for two hours per week for consultation starting from week 3.
You are encouraged to seek help at a time that is convenient to you from a staff member teaching on this unit during their regular consultation hours. In special circumstances, an appointment may be made outside regular consultation hours. Staff will not conduct any consultations by email. You may, however, phone staff during their consultation hours.
Students experiencing significant difficulties with any topic in the unit must seek assistance immediately.
Attendance requirements
The lecturer will record attendance each week.
Deegan,C, Australian Financial Accounting, 8th Edition, McGraw-Hill Irwin, 2016
The text can be purchased from the Macquarie University Co-op Bookshop.
This text is used extensively for both lecture references and for tutorial work in each week of the unit. Ideally students should have a copy of this text that they can access at all times. Copies of this text are available on Library Reserve.
You will need basic computer skills to use Macquarie University’s iLearn teaching facility (refer to the detail contained below in Unit Web Page). You will need to download documents supplied in pdf format.
ACCG871 lecture handouts, notices and homework solutions will be available in full from the unit’s web page. You can access the web page on campus, at work or at home, where you can login to “iLearn” https://ilearn.mq.edu.au/login/MQ/. Please check the web site on a regular basis for notices, updates, etc.
Lectures will be audio recorded on ‘iLecture’ and made available on iLearn by the end of the week.
Unit Schedule
Week Week Commencing Topic and text readings
1 26 February Revenue, contingent assets and liabilities
2 5 March Fair value reporting
3 12 March Intangible assets
4 19 March In-class case studies
5 26 March Employee benefits
6 2 April Public Holiday - No class
7 9 April Segment reporting
MID-TERM BREAK (16 April to 29 April )
8 30 April Share based payment
9 7 May In-class case studies
10 14 May Financial instrument 1
11 21 May Financial instrument 2
12 28 May Group presentations
13 4 June Revision
The unit schedule is also available at the unit's iLearn page.
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/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.
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:
1) Removed the textbook: Leo, Knapp, Sweeting, Company Accounting, 10th Edition, Wiley, Queensland
1) Added new textbook to support changes in the unit requirements: Deegan, C, Australian Financial Accounting, 8th Edition, McGraw-Hill Irwin, 2016
3) Removed the following topics arising from changes in the unit requirements:
- Financing of company operations
- Financing of company operations general company operations
- Accounting for company income tax
- Accounting for property, plant and equipment
- Impairment losses
- Business combinations
- Consolidation Accounting
- Associates and joint ventures
3) Added the following new topics arising from changes in the unit requirements:
- Revenue, contingent assets and liabilities
- Intangible assets
- Accounting for employee benefits
- Financial instruments
- Fair value reporting
- Share-based payments
- Segment reporting
- case studies