Students
ACCG8142 – Strategic Business Reporting
2020 – Session 1, Weekday attendance, North Ryde
Coronavirus (COVID-19) Update
Due to the Coronavirus (COVID-19) pandemic, any references to assessment tasks and on-campus delivery may no longer be up-to-date on this page.
Students should consult iLearn for revised unit information.
Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
Mark Abraham
Room 223 4ER (knock)
Friday 13:00 - 14:00
Moderator
Parmod Chand
|
|---|---|
| Credit points |
Credit points
10
|
| Prerequisites |
Prerequisites
ACCG926 or ACCG8126
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| Corequisites |
Corequisites
|
| Co-badged status |
Co-badged status
|
| Unit description |
Unit description
The aim of this unit is to discuss, apply and evaluate the concepts, principles and practices underpinning the preparation and interpretation of corporate reports. It looks into the assessment of managements’ stewardship and ethics and considers the needs of the wider group of stakeholders. The content examines the financial reporting framework within which accountants operate. The detailed financial reporting requirements for entities are examined, leading to the preparation of group financial reports in accordance with International Financial Reporting Standards. The unit deals with the nature of reporting for specialised entities including small to medium sized enterprises. The unit explores and demonstrates the role of the accountant as both a financial analyst and an adviser, through assessment of the financial performance and position of reporting entities. The accountant’s role is examined, in assessing and advising on the implications of accounting regulations on financial reporting. |
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: Apply fundamental ethical and professional principles to situations and discuss the effects of unethical behaviour.
- ULO2: Evaluate the financial reporting framework and discuss developments in accounting regulations.
- ULO3: Apply professional judgement in reporting the financial performance of entities.
- ULO4: Prepare consolidated financial statements and all accompanying information, in accordance with the regulatory requirements and group financial statements where significant activities had been discontinued.
- ULO5: Analyse financial statements to evaluate and assess the financial performance and financial position of the reporting entity.
- ULO6: Discuss the effects of changes to accounting regulation on financial reporting.
Assessment Tasks
Coronavirus (COVID-19) Update
Assessment details are no longer provided here as a result of changes due to the Coronavirus (COVID-19) pandemic.
Students should consult iLearn for revised unit information.
Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students
General Assessment Information
Late assessment must also be submitted through Turnitin. No extensions will be granted. 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 incurs a 20% penalty). Late submissions will not be accepted after solutions have been discussed and/or made available. This penalty does not apply for cases in which an application for Special Consideration is made and approved. Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time.
Delivery and Resources
Coronavirus (COVID-19) Update
Any references to on-campus delivery below may no longer be relevant due to COVID-19.
Please check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status
Students are required to attend 13 x 3 hour seminars on-campus. The seminars comprise a 2 hour lecture and 1 hour for reviewing exercises and revising coursework.
Required Text Books Students are to acquire both the Approved Workbook and the Practice and Revision Kit for Strategic Business Reporting, published by BPP Learning Media.
Unit Schedule
Coronavirus (COVID-19) Update
The unit schedule/topics and any references to on-campus delivery below may no longer be relevant due to COVID-19. Please consult iLearn for latest details, and check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status
| Wk 1 | Ch. 1 The financial reporting framework & Ch. 2 The professional and ethical duties of accountants |
| Wk 2 | Ch. 3 Revenue & Ch. 4 Non-current assets |
| Wk 3 | Ch. 4 Non-current assets continued & Ch. 14 Non-current assets held for sale |
| Wk 4 | Ch. 5 Employee benefits & Ch. 6 Provisions, contingencies & post balance events & Ch.9 Leases |
| Wk 5 | Ch. 9 Lessor accounting & Ch. 7 Income taxes & Ch. 10 Share-based payments |
| Wk 6 | Ch. 8 Financial instruments |
| Wk 7 | Ch. 11 Group accounting - basic groups & Ch. 15 Joint arrangements |
| Wk 8 | Ch. 12 Changes in group structure - step acquisition & Ch. 13 Disposals and reorganisations |
| Wk 9 | Ch. 16 Foreign transactions & entities & Ch. 18 Interpreting financial statements & Ch. 19 Reporting for SMEs |
| Wk 10 | Ch. 17 Group statement of cash flows |
| Wk 11 | Ch. 20 Effects of changes to accounting regulation |
| Wk 12 | Revision and additional practice questions |
| Wk 13 | Revision and additional practice questions |
Policies and Procedures
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:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Grade Appeal Policy
- Complaint Management Procedure for Students and Members of the Public
- Special Consideration Policy (Note: The Special Consideration Policy is effective from 4 December 2017 and replaces the Disruption to Studies Policy.)
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).
Student Code of Conduct
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
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
Student Support
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Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.
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Student Services and Support
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Student Enquiries
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If you are a Global MBA student contact globalmba.support@mq.edu.au
IT Help
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