Students

ACCG8126 – Corporate Accounting

2021 – Session 1, Special circumstances

Notice

As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group activities on campus, and most will keep an online version available to those students unable to return or those who choose to continue their studies online.

To check the availability of face-to-face and online 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.

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Le Luo
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MAccg or MAccLead or MAccg(Adv) or MProfAcc or MProfAccgLead
Corequisites Corequisites
ACCG923 or ACCG8123
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. This unit evaluates the application and basis of selected accounting standards that relates to investment in entities, which includes consolidation, equity accounting and joint arrangement. Case studies are used to illustrate the application of accounting standards in the real-world setting. Students are expected to analyse and integrate conceptual and technical corporate accounting knowledge.

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: Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • ULO2: Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations
  • ULO3: Use a visual analytics software to explore and gain insight(s) into a company’s financial and non-financial performance
  • ULO4: Effectively communicate within a group and to an intended audience

Assessment Tasks

Name Weighting Hurdle Due
Assessed coursework 20% No Week 4, 7, 9, 10
Company analysis 10% No Week 12
Online quiz 10% No Week 13
Final Examination 60% No Examination period

Assessed coursework

Assessment Type 1: Participatory task
Indicative Time on Task 2: 20 hours
Due: Week 4, 7, 9, 10
Weighting: 20%

 

Practical questions that are similar to weekly homework questions are included in the assessed coursework. Four assessed coursework will be collected throughout the session. Each assessment will contribute 5% to student’s overall assessment for this unit. Marks will be awarded based on accuracy.

 


On successful completion you will be able to:
  • Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations
  • Use a visual analytics software to explore and gain insight(s) into a company’s financial and non-financial performance

Company analysis

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 15 hours
Due: Week 12
Weighting: 10%

 

Students will use a visual analytics software to explore and gain insights into a company’s financial and non-financial performance. Students are required to conduct analysis for multiple years and effectively communicate their finding(s) in the presentation slides.

 


On successful completion you will be able to:
  • Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations
  • Use a visual analytics software to explore and gain insight(s) into a company’s financial and non-financial performance
  • Effectively communicate within a group and to an intended audience

Online quiz

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 6 hours
Due: Week 13
Weighting: 10%

 

The online quiz will be computer based (accessed from iLearn) with multiple choice questions.

 


On successful completion you will be able to:
  • Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations
  • Use a visual analytics software to explore and gain insight(s) into a company’s financial and non-financial performance

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: Examination period
Weighting: 60%

 

A two-hour online examination will be held during the University examination period

 


On successful completion you will be able to:
  • Evaluate the application and basis of selected accounting standards and apply accounting standards including the Conceptual Framework in the preparation of company financial statements
  • Analyse and integrate conceptual and technical corporate accounting knowledge to report formation of organisations

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 Learning Skills Unit 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

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/

Required and Recommended Texts and / or Materials

Prescribed text: Leo, Knapp, McGowan, Sweeting, and Meng, Custom Publication for Macquarie University ACCG8123/ACCG8126, John Wiley & Sons Australia Ltd, 2021. Please find the link for the textbook information via https://www.wileydirect.com.au/buy/accg8123-accg8126/ .

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 We will provide a unit schedule on ilearn which 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.

Unit Schedule

Week commencing Monday Week No. Topic Readings Assignment Due
22-Feb 1 Accounting for income tax Ch. 4 (Leo)  
1-Mar 2 Business combinations Ch. 7 (Leo)  
8-Mar 3 Consol. I – the consolidation method Ch. 9 (Leo)  
15-Mar 4 Consol. II – wholly owned subsidiaries Ch. 10 (Leo) Assessed Coursework 1 Due on Sunday 11:59pm
22-Mar 5 Consol. III - Intra-group transactions Ch. 11 (Leo)  
29-Mar 6 Consol. IV – Non-controlling interests Ch. 12 (Leo)  
Mid-session break (5 April - 18 April)  
19-Apr 7 Introduction to Tableu   Assessed Coursework 2 Due on Sunday 11:59pm
26-Apr 8 Translation of foreign currency financial statements Ch. 15 (Leo)  
3-May 9 Equity accounting Ch. 17 (Leo) Assessed Coursework 3 Due on Sunday 11:59pm
10-May 10 Joint arrangements Ch. 16 (Leo) Assessed Coursework 4 Due on Sunday 11:59pm
17-May 11 Financial Instrument Ch. 11 (Loftus)  
24-May 12 In-class Case Study  Company analysis Due on Monday 5pm
31-May 13 Revision Online Quiz Due

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:

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 Enquiry Service

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

Equity 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.

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.

Changes since First Published

Date Description
08/02/2021 The textbook information has been updated to the most recent edition.