Students
ACCG8142 – Strategic Business Reporting
2021 – Session 2, Special circumstances
Session 2 Learning and Teaching Update
The decision has been made to conduct study online for the remainder of Session 2 for all units WITHOUT mandatory on-campus learning activities. Exams for Session 2 will also be online where possible to do so.
This is due to the extension of the lockdown orders and to provide certainty around arrangements for the remainder of Session 2. We hope to return to campus beyond Session 2 as soon as it is safe and appropriate to do so.
Some classes/teaching activities cannot be moved online and must be taught on campus. You should already know if you are in one of these classes/teaching activities and your unit convenor will provide you with more information via iLearn. If you want to confirm, see the list of units with mandatory on-campus classes/teaching activities.
Visit the MQ COVID-19 information page for more detail.
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Mark Abraham
Moderator
Parmod Chand
|
|---|---|
| Credit points |
Credit points
10
|
| Prerequisites |
Prerequisites
ACCG926 or ACCG8126
|
| 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
| Name | Weighting | Hurdle | Due |
|---|---|---|---|
| Research assignment | 25% | No | Week 7 |
| Take Home Test | 20% | No | Week 8 |
| Final Exam | 55% | No | Examinations weeks |
Research assignment
Assessment Type 1: Report
Indicative Time on Task 2: 30 hours
Due: Week 7
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.
On successful completion you will be able to:
- Evaluate the financial reporting framework and discuss developments in accounting regulations.
- Analyse financial statements to evaluate and assess the financial performance and financial position of the reporting entity.
Take Home Test
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 25 hours
Due: Week 8
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.
On successful completion you will be able to:
- Apply fundamental ethical and professional principles to situations and discuss the effects of unethical behaviour.
- Evaluate the financial reporting framework and discuss developments in accounting regulations.
- Apply professional judgement in reporting the financial performance of entities.
- Prepare consolidated financial statements and all accompanying information, in accordance with the regulatory requirements and group financial statements where significant activities had been discontinued.
- Analyse financial statements to evaluate and assess the financial performance and financial position of the reporting entity.
- Discuss the effects of changes to accounting regulation on financial reporting.
Final Exam
Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: Examinations weeks
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.
On successful completion you will be able to:
- Apply fundamental ethical and professional principles to situations and discuss the effects of unethical behaviour.
- Evaluate the financial reporting framework and discuss developments in accounting regulations.
- Apply professional judgement in reporting the financial performance of entities.
- Prepare consolidated financial statements and all accompanying information, in accordance with the regulatory requirements and group financial statements where significant activities had been discontinued.
- Analyse financial statements to evaluate and assess the financial performance and financial position of the reporting entity.
- Discuss the effects of changes to accounting regulation on financial reporting.
1 If you need help with your assignment, please contact:
- the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
- the Writing Centre for academic skills support.
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Delivery and Resources
Seminars
Students are required to attend 1 X 2 hour and 12 x 3 hour seminars, or either on-line or on-campus 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:
• ACCA Strategic Business Reporting (International) Workbook Sept 2021 to June 2022 ISBN 9781509738168
• ACCA Strategic Business Reporting (International) Practice & Revision Kit Sept 2021 to June 2022 ISBN 9781509738175
Unit Schedule
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. 6 Provisions, contingencies & post balance events & Ch. 9 Leases
Wk 5 Ch. 14 Non-current assets held for sale & Ch. 7 Income taxes & Ch. 10 Share-based payments
Wk 6 Ch. 5 Employee benefits & Ch. 18 Interpreting financial statements
Wk 7 Ch. 8 Financial instruments
Wk 8 Ch. 11 Group accounting - basic groups & Ch. 15 Joint arrangements
Wk 9 Ch. 12 Changes in group structure - step acquisition & Ch. 13 Disposals and reorganisations
Wk 10 Ch. 17 Group statement of cash flows
Wk 11 Ch. 16 Foreign transactions & entities & Ch. 19 Reporting for SMEs & 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://policies.mq.edu.au). 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
Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.
Student Code of Conduct
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/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
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills
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.
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
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
IT Help
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.
Unit information based on version 2021.02 of the Handbook