Students

ACCG8142 – Strategic Business Reporting

2022 – Session 1, Online-scheduled-weekday

General Information

Download as PDF
Unit convenor and teaching staff Unit convenor and teaching staff
Tas Husain
tas.husain@mq.edu.au
Contact via email
Moderator
Meiting Lu
accg8142@mq.edu.au
Contact via email
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.

General Assessment Information

Late submissions of assessments Unless a Special Consideration request has been submitted and approved, no extensions will be granted. There will be a deduction of 10% of the total available assessment-task marks made from the total awarded mark for each 24-hour period or part thereof that the submission is late. Late submissions will only be accepted up to 96 hours after the due date and time.

No late submissions will be accepted for timed assessments – e.g., quizzes, online tests.

Submission time after the due date (including weekends)

Penalty (% of available assessment task mark)

Example: for a non-timed assessment task marked out of 30

< 24 hours

10%

10% x 30 marks = 3 mark deduction

24-48 hours

20%

20% x 30 marks = 6 mark deduction

48-72 hours

30%

30% x 30 marks = 9 mark deduction

72-96 hours

40%

40% x 30 marks = 12 mark deduction

> 96 hours

100%

Assignment won't be accepted

Special Consideration

To request an extension on the due date/time for a timed or non-timed assessment task, you must submit a Special Consideration application. An application for Special Consideration does not guarantee approval.

The approved extension date for a student becomes the new due date for that student. The late submission penalties above then apply as of the new due date.

Assessment Tasks

Name Weighting Hurdle Due
Research assignment 25% No Week 7
Take Home Test 20% No Week 8
Final Exam 55% No University Exam Period

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: University 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.

 
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, either on-line or on-campus seminars based on the timetable.

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

Week

Topics

Chapters 

1

The financial reporting framework

The professional and ethical duties of accountants

Ch 1

Ch 2

2

Revenue

Non-current assets

Ch 3

Ch 4

3

Non-current assets contd.

Ch 4

4

Provisions, contingencies & post balance events

Leases

Ch 6

Ch 9

5

Non-current assets held for sale

Income taxes 

Share-based payments

Ch 14

Ch 7

Ch 10

6

Employee benefits

Interpreting financial statements

Ch 5

Ch 18

7

Financial instruments

Ch 8

8

Group accounting - basic groups

Joint arrangements

Ch 11

Ch 15

9

Changes in group structure - step acquisition 

Disposals and reorganisations

Ch12

Ch 13

10

Group statement of cash flows

Ch 17

11

Foreign transactions & entities

Reporting for SMEs

Effects of changes to accounting regulation

Ch 16

Ch 19

Ch 20

12

Revision and additional practice questions

 

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:

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

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via AskMQ, or contact Service Connect.

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 2022.03 of the Handbook