Students

ACCG8142 – Strategic Business Reporting

2023 – Session 1, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor/Lecturer
Charles Koh
charles.koh@mq.edu.au
Contact via Dialogue in iLearn
4ER 223
Please refer to iLearn
Moderator
Johannes Dumay
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 Assessment Submission Penalty  

Unless an application for Special Consideration 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, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration 

Assessment Tasks

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

Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: Final Exam Period
Weighting: 55%

 

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

 
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

Please refer to iLearn.

Unit Schedule

Week

Topics

 

1

Introduction to Strategic Business Reporting 

The financial reporting framework

The professional and ethical duties of accountants

 

2

Revenue

Non-current assets

 

3

Non-current assets contd.

 

4

Provisions, contingencies & events after the reporting period

Leases

 

5

Non-current assets held for sale

Income taxes 

Share-based payments

 

6

Employee benefits

Interpreting financial statements

 

7

Financial instruments

 

8

Group accounting - basic groups

Joint arrangements

 

 

9

Changes in group structure - step acquisition 

Disposals and reorganisations

 

 

10

Group statement of cash flows

 

11

Foreign transactions & entities

Reporting for SMEs

Effects of changes to accounting regulation

 

 

 

12

Revision I

 

13

Revision II

 

Policies and Procedures

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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. 

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Student Enquiries

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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
09/02/2023 Faculty level changes to CMS.

Unit information based on version 2023.03 of the Handbook