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ACCG8126 – Corporate Accounting

2026 – 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
Parmod Chand
parmod.chand@mq.edu.au
Moderator
Haiyan Jiang
haiyan.jiang@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
(Admission to MAccg or MAccLead or MAccg(Adv) or MProfAcc or MProfAccgLead) or ACCG6011
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

General Assessment Information

Problem-based tasks and Company analysis report

Submission: Submission is compulsory.

Extension: Automatic short extension: Some assessments are eligible for automatic short extension. You can only apply for an automatic short extension before the due date.

Special Consideration: If you need more time due to serious issues and for any assessments that are not eligible for Short Extension, you must apply for Special Consideration. 

Review the Special Consideration page for further details.

Penalties: If you submit your assessment late, 5% of the total possible marks will be deducted for each day (including weekends), up to 7 days. Submissions more than 7 days late will receive a mark of 0. For example, if you score 85/100 but submit 20 hours late, you will lose 5 marks and receive 80/100.

Final Exam

Submission: Attendance is compulsory

Extension: The only exception to not sitting an examination at the designated time is because of documented illness or unavoidable disruption. In these circumstances you may wish to consider applying for Special Consideration in accordance with the University rules.

Penalties: Students who miss this exam will score zero marks. If a Supplementary Examination is granted as a result of the Special Consideration Policy the examination will be scheduled after the conclusion of the official examination period. To pass the unit students must achieve an overall passing grade in their overall assessment as per the University policy. If a Supplementary Examination is granted as a result of the Special Consideration Policy the examination will be scheduled as per the Supplementary Examination timetable of the Business School. Please note that the supplementary examination will be of the similar format as the final examination.

Assessment Tasks

Name Weighting Hurdle Due Groupwork/Individual Short Extension AI assisted?
Formal examination 50% No University Examination Period Individual No Observed
Skills development: Corporate accounting 25% No 26/04/2026 Individual Yes Open AI
Professional practice: Company analysis 25% No 24/05/2026 Individual Yes Open AI

Formal examination

Assessment Type 1: Examination
Indicative Time on Task 2: 40 hours
Due: University Examination Period
Weighting: 50%
Groupwork/Individual: Individual
Short extension 3: No
AI assisted?: Observed

The purpose of this assessment is for you to formally demonstrate the expertise you have gained in this unit.

 

You will participate in a 2-hour exam held during the University Examination period.

 

Important information about the exam will be made available on the unit iLearn page. You should also review the MQ Exams website for general tips. 

 

Deliverable(s): Formal exam

 

Individual assessment
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

Skills development: Corporate accounting

Assessment Type 1: Problem-based task
Indicative Time on Task 2: 20 hours
Due: 26/04/2026
Weighting: 25%
Groupwork/Individual: Individual
Short extension 3: Yes
AI assisted?: Open AI

The purpose of this assessment is for you to consistently build your expertise in corporate accounting throughout the unit.

 

You will consolidate and evaluate your learning throughout the session via a structured approach.

 

Skills in focus:

  • Critical thinking and problem solving
  • Discipline knowledge
  • Communication skills
  • Work readiness

 

Deliverable(s): Written submission [max 1500 words]

 

Individual assessment
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

Professional practice: Company analysis

Assessment Type 1: Professional task
Indicative Time on Task 2: 25 hours
Due: 24/05/2026
Weighting: 25%
Groupwork/Individual: Individual
Short extension 3: Yes
AI assisted?: Open AI

The purpose of this assessment is for you to demonstrate your skills in analysing a company’s financial and non-financial information.

 

You will prepare a report to communicate your insights.

 

Skills in focus:

  • Work readiness
  • Critical thinking and problem solving
  • Discipline knowledge
  • Communication skills

Deliverable(s): Written report [max 1500 words]

 

Individual assessment
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

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.

3 An automatic short extension is available for some assessments. Apply through the Service Connect Portal.

Delivery and Resources

Teaching staff

Unit convenor:

Associate Professor Parmod Chand

Telephone: 9850 6137

E-mail: parmod.chand@mq.edu.au

Contacting staff

  • Consultation times

Staff will be available for consultation; these times will be posted to unit homepage by Week 1 of the session. You are encouraged to seek help at a time that is convenient to you from staff on this unit during their specified consultation hours. In special circumstances, an appointment may be made outside regular consultation hours. Staff will not conduct any consultations by e-mail. You may, however, phone staff during their consultation hours.

Classes

• There are 3 hours of contact for learning per week consisting of 1 x 3 hour seminar (lecture and tutorial)

Required and Recommended texts and/or materials

Required Textbook:

Leo, Knapp, McGowan, Sweeting, and Meng. 2025. Company Accounting, 12th Edition. John Wiley & Sons Australia Ltd, (ISBN 9780730382676). Please find the link for the textbook information below:

https://www.wileydirect.com.au/blog/buy/company-accounting/?srsltid=AfmBOorRLzzmeYn0jjAj6upPS1DVBaN_l3SSLKzpdliJSlfWENzvlXFx

https://www.wiley.com/en-us/Company+Accounting%2C+Print+and+Interactive+E-Text+%2C+12th+Edition-p-9780730382683

 

Recommended Readings: Baltzan, P. 2025. Business Driven Information Systems, 9e. McGraw-Hill North Ryde Australia (ISBN  9781264886753).

Please refer to ilearn for more details about the unit delivery and resources.

 

Technology Used and Required

You will need basic skills with Microsoft Word, Microsoft Excel and Microsoft PowerPoint. The business analysis report e-copy can be submitted in Word or PDF.

You will also be required to access the Internet in order to conduct research and Macquarie University’s iLearn teaching facility (refer to the detail contained below in Unit Web Page).

UNIT WEB PAGE

The university’s on-line learning site “iLearn” is used to provide announcements, forms, some course materials (including weekly lecture notes) and to submit e-copies of the assignment. Login at http://learn.mq.edu.au/

Unit Schedule

SUMMARY OF ACCG 8126 PROGRAM: SESSION 1 - 2026

Week

Commencing

Topic

 

Readings

1

Feb 23

Accounting for income tax

 

Ch. 4 (Leo)

2

March 2

Business combinations

 

Ch. 7 (Leo)

3

March 9

Consol. I – Consolidation of controlled entities

Ch. 9 (Leo)

4

March 16

Consol. II – wholly owned subsidiaries

 

Ch. 10 (Leo)

5

March 23

Consol. III - Intra-group transactions

 

Ch. 11 (Leo)

6

March 30

Consol. IV – Non-controlling interests

 

Ch. 12 (Leo)

 

 

 

April 6 to 19: MID-SESSION BREAK (2 Weeks Break)

 

 

7

April 20

Translation of foreign currency financial statements

 

Assessed Coursework 1 - Due

Ch. 15 (Leo)

8

April 27

Equity accounting

 

Ch. 17 (Leo)

9

May 4

Introduction to Tableau

 

Assessed Coursework 2 - Due

Refer to iLearn

10

May 11

Financial Instruments

 

Ch. 11 (Loftus)

11

May 18

Information Systems Documentation & Controls

 

Company analysis - Due

Refer to iLearn

12

May 25

Software tools and their applicability to accounting                                

Refer to iLearn

13

June 1

Revision

 

 

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 connect.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/

Academic Success

Academic Success 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 the Service Connect Portal, 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 2026.02 of the Handbook