Students

ACCG3008 – Corporate Accounting and Business Advisory

2023 – Session 2, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Charlene Chen
accg3008@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
(ACCG224 or ACCG2024) or 130cp at 1000 level or above
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit has two components. The first component examines the framework and techniques that are used to prepare general purpose financial reports for companies, and in particular the techniques used to prepare the consolidated financial statements for a corporate group. This component builds on first and second year financial accounting units and provides students with the technical accounting knowledge to prepare and use company financial statements. Political and ethical issues surrounding recent financial reporting controversies are also considered. The second component introduces students to the perspective of acting as a trusted business advisor. This component builds on prior knowledge of accounting, accounting information systems, compliance and business strategy, and applies these skills in a real-world setting. Both components of the unit develop graduate capabilities centred on higher order analysis and effective communication skills.

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: Examine the nature of accounting for business combinations in Australia.
  • ULO2: Prepare consolidated financial statements and account for associated companies in accordance with Australian standards.
  • ULO3: Critically evaluate accounting theories and issues underlying corporate reporting.
  • ULO4: Communicate well justified advice and solutions for issues faced by businesses in different settings using appropriate language and evidence.
  • ULO5: Apply relevant findings from entrepreneurship and business strategy research to business advisory settings.

General Assessment Information

Late Assessment Submission Penalty (written assessments)

Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.     

For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration. 

Assessment Tasks

Name Weighting Hurdle Due
Business advisory report 20% No Presentation (Weeks 11-13) and Report (Week 12)
Quiz 20% No Quiz 1 (Week 6) and Quiz 2 (Week 8)
Final examination 60% No University Examination Period (6 - 24 Nov 2023)

Business advisory report

Assessment Type 1: Report
Indicative Time on Task 2: 30 hours
Due: Presentation (Weeks 11-13) and Report (Week 12)
Weighting: 20%

 

The report assesses students’ understanding of business advisory content and their ability to undertake research and apply research findings to provide a well prepared and justified business case.

 
On successful completion you will be able to:
  • Communicate well justified advice and solutions for issues faced by businesses in different settings using appropriate language and evidence.
  • Apply relevant findings from entrepreneurship and business strategy research to business advisory settings.

Quiz

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Quiz 1 (Week 6) and Quiz 2 (Week 8)
Weighting: 20%

 

Students are required to complete two quizzes during the session.

 
On successful completion you will be able to:
  • Examine the nature of accounting for business combinations in Australia.
  • Prepare consolidated financial statements and account for associated companies in accordance with Australian standards.
  • Critically evaluate accounting theories and issues underlying corporate reporting.

Final examination

Assessment Type 1: Examination
Indicative Time on Task 2: 30 hours
Due: University Examination Period (6 - 24 Nov 2023)
Weighting: 60%

 

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

 
On successful completion you will be able to:
  • Examine the nature of accounting for business combinations in Australia.
  • Prepare consolidated financial statements and account for associated companies in accordance with Australian standards.
  • Critically evaluate accounting theories and issues underlying corporate reporting.
  • Communicate well justified advice and solutions for issues faced by businesses in different settings using appropriate language and evidence.
  • Apply relevant findings from entrepreneurship and business strategy research to business advisory settings.

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

Contacting staff

Please use email (accg3008@mq.edu.au) as the primary method of contacting staff for ACCG3008. 

Classes

Classes in ACCG3008 consist of lectures and tutorials. The learning outcomes of this unit can only be achieved through self-study and independent learning, which are supported by the lectures and tutorials. The lectures provide a general overview of the topics, highlighting various concepts and techniques. The tutorials complement the lectures by providing opportunities to further explore these concepts and techniques. To make the most of your learning experience, it is essential to thoroughly prepare for both the lectures and tutorials by completing the recommended readings and pre-set tutorial questions. 

One-hour weekly tutorials start from Week 2. The timetable for tutorial classes can be found at: http://www.timetables.mq.edu.au/. You must enroll in a tutorial before the session starts and finalize your tutorial enrolment by the end of Week 2. You should attend your registered tutorial. The tutorials may be conducted either face-to-face or online via Zoom. 

Required and Recommended Texts and/or Materials

ACCG3008 consists of two modules. Module 1 is Corporate Accounting and Module 2 is Business Advisory.

Module 1 Corporate Accounting (Weeks 1-7)

Peter Jubb, Stephen Haswell, Ian Langfield-Smith, Company Accounting, 5th Edition, Cengage Learning, 2010.

This text is used for both lecture references and homework. You can purchase the prescribed textbook online. Copies of the text are also available in the Macquarie University Library Reserve, where you can log in and view the book chapters.

Module 2 Business Advisory (Weeks 8-12)

Edward Rogoff, Bankable Business Plans, 2nd Edition, Rowhouse Publishing, 2007.

Note that this is an old text but it provides a clear and logical overview of key elements in a business plan. Additionally, the following text is recommended:

Guy Kawasaki, The Art of the Start 2.0: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything, Portfolio, 2015.

Furthermore, there will be other reading materials, such as research articles, used in Module 2. These materials will be made available on iLearn.

Unit Web Page

Announcements, lecture slides, and homework solutions for ACCG3008 are accessible through the learning management system (iLearn). To access these resources, please visit the web page for this unit at: https://ilearn.mq.edu.au/. You will need to log in to iLearn using your credentials. It is important to regularly check the ACCG3008 iLearn page for unit announcements, updates, assessment information, and other relevant details.

Unit Schedule

Week

 Starting from Monday

Lecture topic

1

 24 Jul 2023

Unit introduction and business combinations

2

 31 Jul 2023

Introduction to consolidation process

3

 7 Aug 2023

Consolidation after control date

4

 14 Aug 2023

Intra-group transactions

5

 21 Aug 2023

Direct non-controlling interest

6

 28 Aug 2023

Equity accounting

7

 4 Sep 2023

Introduction to foreign currency transactions & financial instruments

Mid-session Break

8

 25 Sep 2023

Introduction to business advisory and sales and marketing strategy

9

 2 Oct 2023

Operational strategy

10

 9 Oct 2023

Financial plans

11

 16 Oct 2023 Business advisory for not-for-profit organizations

12

 23 Oct 2023

Project week

13

 30 Oct 2023

Revision

University Examination Period

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 2023.05 of the Handbook