Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.
To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Mark Abraham
Moderator
Parmod Chand
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Credit points |
Credit points
10
|
Prerequisites |
Prerequisites
ACCG926 or ACCG8126
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Corequisites |
Corequisites
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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. |
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:
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.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Final Exam | 55% | No | Formal exam period |
Take Home Test | 20% | No | 20 October |
Research assignment | 25% | No | 29 September |
Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: Formal exam period
Weighting: 55%
A two-hour online final examination for this unit will be held. The exam is a summative assessment designed to demonstrate knowledge and understanding attained during the session and may cover any of the topics taught. The exam questions and form will require medium- and long-form answers and the exam will adopt the structure, form and substance of the equivalent ACCA professional exam.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 25 hours
Due: 20 October
Weighting: 20%
This assessment is a diagnostic summative assessment designed to demonstrate the knowledge and understanding attained in the first six lectures. This is a take-home test that must be completed by students individually. Questions require medium- and long-form answers and may include numeric components.
Assessment Type 1: Report
Indicative Time on Task 2: 30 hours
Due: 29 September
Weighting: 25%
Students are required to undertake research into and prepare a report on contemporary or emerging issues in accounting and/or financial reporting. The report is a maximum 2,500 words and will require some original thought and opinion. Marks will be awarded for relevance, completeness, form, substance and originality.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Students are required to attend 13 x 3 hour on-line seminars. The seminars comprise a 2 hour lecture and 1 hour for reviewing exercises and revising coursework.
Required Text Books Students are to acquire two texts published by BPP Learning Media:
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 |
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. 14 Non-current assets held for sale & Ch. 16 Foreign transactions & entities |
Wk 10 |
Ch. 17 Group statement of cash flows |
Wk 11 |
Ch. 18 Interpreting financial statements & Ch. 19 Reporting for SMEs and Ch. 20 Effects of changes to accounting regulation |
Wk 12 |
Revision and additional practice questions |
Wk 13 |
Revision and additional practice questions |
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:
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 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
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 help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
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
If you are a Global MBA student contact globalmba.support@mq.edu.au
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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.