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ACCG308 – Corporate Accounting and Business Advisory

2019 – S2 Evening

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor (for Module 1 of the unit)
James Hazelton
E4A 239
For consultation hours please see iLearn
Unit Convenor (for Module 2 of the unit)
Jessica Chen
E4A 207
For consultation hours please see iLearn
Unit Moderator
Stephen Haswell
E4A 210
Credit points Credit points
3
Prerequisites Prerequisites
(39cp at 100 level or above) including ACCG224
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description
This unit has two components. The first introduces students to the principles, tools and techniques of acting as a trusted business advisor. This component builds on prior knowledge of internal controls, information systems, compliance and business strategy, and applies these skills in a real-world setting. The second 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. 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://students.mq.edu.au/important-dates

Learning Outcomes

  1. Examine and critically appraise the strategy, operations and risk of an enterprise.
  2. Argue for appropriate solutions to business issues and communicate this advice to a range of stakeholders.
  3. Examine the nature of accounting for business combinations in Australia.
  4. Prepare consolidated financial statements and account for associated companies in accordance with Australian standards.
  5. Critically evaluate accounting theories and issues underlying corporate reporting.

General Assessment Information

Expectations and Workload

Students are expected to spend 150 hours working on this unit. As a guide a student should spend these approximate amounts of time on each of the following activities: 

 

Activities

Hours

1

 Weekly lectures/tutorials

 38

2

 Tutorial preparation (weekly homework)

 24

3

 Assignment 

 35

4

 Class test preparation

 8

5

 Final exam preparation

 20

6

 Readings/self-study

 25

 

 TOTAL

150

What is required to complete the unit satisfactorily

Students must pass the overall assessment to receive a passing grade in this unit. 

Assessment Tasks

Name Weighting Hurdle Due
Assignment 25% No 9am 11 September (Week 7)
Tutorial homework 8% No Ongoing (Weeks 3-13)
Class test 12% No Week 11 tutorial
Final examination 55% No University examination period

Assignment

Due: 9am 11 September (Week 7)
Weighting: 25%

The assignment (a business plan report) is due at 9am, 11 September 2019 (Week 7 Wednesday).

Submission

Via iLearn by the due date. Detailed submission instructions will be posted on the ACCG308 iLearn web page.

Criteria and standards

Marking rubrics will be available on iLearn. Feedback for each report will be provided by the tutor (via iLearn).

Extension and penalties

No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application for Special Consideration is made and approved.


This Assessment Task relates to the following Learning Outcomes:
  • Examine and critically appraise the strategy, operations and risk of an enterprise.
  • Argue for appropriate solutions to business issues and communicate this advice to a range of stakeholders.

Tutorial homework

Due: Ongoing (Weeks 3-13)
Weighting: 8%

During the session, four of your weekly tutorial homework assignments will be randomly collected by your tutor and given a grade out of 4 marks. The best two of these will form the assessment mark out of maximum 8 marks. 

Submission

Each student must attend the registered tutorial class to submit weekly tutorial homework assignments. This means submission of the tutorial homework assignments via email or by another student is NOT accepted.The weekly homework assignments must be prepared in your own hand-writing. Photocopied or typewritten assignments are NOT accepted. Students who do not attend the registered tutorial or do not hand up a weekly assignment, will receive a mark of zero for that assignment.

Criteria and standards

The tutorial homework assignments will be assessed for completeness, correctness and presentation. Please see marking criteria on iLearn.

Extension and penalties

No extensions or Special Consideration will be granted. Students who do not attend their registered tutorial class in any particular week will be awarded a mark of ZERO for tutorial homework in that week. Please do not submit requests for special consideration in relation to missed tutorials/submissions. As only the best two tutorial homework assignments are considered for grading, special consideration requests will not be considered

Important NoteTutorials start in Week 2 and tutorial registration will be finalised on Friday of Week 2 (at 4pm).


This Assessment Task relates to the following Learning Outcomes:
  • Examine and critically appraise the strategy, operations and risk of an enterprise.
  • Argue for appropriate solutions to business issues and communicate this advice to a range of stakeholders.
  • 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.

Class test

Due: Week 11 tutorial
Weighting: 12%

You are required to sit a closed-book class test in your registered tutorial in Week 11. The test will be taken under examination conditions and to examination standard. Details of the class test will be available on iLearn in Week 9.

Submission

You MUST sit the class test in your registered tutorial.

Criteria and standards

The class test will be marked based on students' appropriate applications of related knowledge and skills to the test. Feedback on students' performance in the test will be provided in Week 12 (or Week 13) tutorials. The marking guides (for all versions of the test) will be provided on iLearn by the end of Week 13.

Extension and penalties

No extensions will be be granted but a successful Special Consideration application would mean that a supplementary class test could be granted. In that case, you will have to sit the scheduled supplementary class test


This Assessment Task relates to the following Learning Outcomes:
  • 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

Due: University examination period
Weighting: 55%

A 2.5-hour closed-book final examination will be held during the University Examination period.The final examination will cover all materials relating to Modules 1 and 2 of the unit. Details regarding the form and scope of the final examination will be provided via iLearn by Week 12 and in Week 13 lecture. In the meantime, you should be aware that the best preparation for the final exam is as follows:

  • View all Module 1 video material
  • Attend Module 2 lectures and take notes
  • Complete the required readings from the textbooks each week
  • Attend and participate actively in all tutorials
  • Make good attempts at all tutorial homework questions before each tutorial
  • Form study groups at the beginning of session
  • Check your answers to the tutorial homework questions against the solutions provided on iLearn
  • Use the staff consultation times whenever you need extra help, not just before the exam

Formal examination conditions apply, e.g., dictionaries are not permitted; non-programmable calculators with no text retrieval capacity are allowed, etc. The purpose of the final examination is to provide assurance that: i) learning acquired through this unit belongs to the student; and ii) the student has attained the knowledge and skills tested in the exam.

Submission

You are expected to present yourself for examination at the time and place designated in the University Timetable (https://iexams.mq.edu.au/timetable​). The timetable will be available in Draft form approximately eight weeks before the commencement of the examinations and in Final form approximately four weeks before the commencement of the examinations. It is the student's responsibility to make sure that they have ascertained the room number for their exam before the exam day. 

You are advised that it is Macquarie University policy not to set early examinations for individuals or groups of students. All students are expected to ensure that they are available until the end of the teaching session, that is, the final day of the official examination period. 

The Macquarie university examination policy details the principles and conduct of examinations at the University. The policy is available at:

 http://www.mq.edu.au/policy/docs/examination/policy.htm

Criteria and standards

The final exam will be marked based on students' appropriate applications of related knowledge and skills to questions in the exam. 

Extension and penalties

Students who do not sit the final examination on the scheduled date and time specified in the University examination timetable will be awarded a mark of zero (0) for the final examination, except for cases in which a Special Consideration Notification is made and approved.

If a Supplementary Examination is granted as a result of the Special Consideration process, this examination will be scheduled as per the Supplementary Examination timetable of the Faculty/School (see Supplementary Examination Timetable of the Faculty). The Supplementary Examination will be of a similar format to the final examination. A student may withdraw their Special Consideration Notification up to the point where the determination of whether it is Serious and Unavoidable has been made. After this determination, the student may not withdraw the Special Consideration Notification and must submit themselves to partake in the Supplementary Examination.

Students are advised to familiarise themselves with the University’s Special Consideration Policy available at https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration.


This Assessment Task relates to the following Learning Outcomes:
  • Examine and critically appraise the strategy, operations and risk of an enterprise.
  • Argue for appropriate solutions to business issues and communicate this advice to a range of stakeholders.
  • 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.

Delivery and Resources

Teaching staff

Name

James Hazelton

Unit Convenor & Lecturer (Module 1)

 

Jessica Chen

Unit Convenor & Lecturer (Module 2)

 

Email address

accg308@mq.edu.au

 

 

accg308@mq.edu.au

Contacting staff

Please use email (accg308@mq.edu.au) as the first form of contact. 

Staff will not conduct consultations (i.e., answering specific topic-related questions) by email. Most staff members are available for two hours' face-to-face consultation each week, starting from Week 2 (or Week 3). The staff consultation timetable will be made available on iLearn by the end of Week 1. You may phone staff during their consultation hours.

In order to gain access to staff located at levels 2 and 3 of building E4A during their consultation hours, please ring the staff member from the phones available in the lobby (phone numbers of relevant staff members will be provided on iLearn and are available next to the phones).

Students experiencing significant difficulties with any topic in the unit must seek assistance immediately.

Classes

  • There are two modules in this unit and the teaching scheme is different for each.
    • Module 1 (by James Hazelton), Business Planning and Advisory (Weeks 1 to 6): all lectures are online videos (please access via iLearn), but tutorials are face-to-face in a class room.
    • Module 2 (by Jessica Chen), Corporate Accounting (Weeks 7 to 13): all lectures are face-to-face live in a lecture theater (please see details below), plus tutorials.
  • Tutorials for both modules are one hour per week face-to-face, starting in Week 2.
  • The timetable for classes can be found at: http://www.timetables.mq.edu.au/

Timetable for Module 2 lectures (Weeks 7 to 13)

Day

Time

Room

Friday

4 - 6 pm

14 Sir Christopher Ondaatje Ave - Mason Theatre

Friday

6 - 8 pm

14 Sir Christopher Ondaatje Ave - Mason Theatre

Timetable for tutorials

Tutorials begin in Week 2. Tutorial places have been allocated by the University's online enrolment system. You must enrol in a tutorial online before the session starts.

Due to the large number of students enrolled in ACCG308, changes to tutorials are managed by the online enrolment system. It is not necessary to contact members of staff about tutorial changes. Online enrolment will be shut down at 4pm on Friday of Week 2, so all tutorial changes must be made by then.

You must attend your registered tutorial for the assessments of tutorial homework and class test.

Required and Recommended Texts and/or Materials

Module 1 (Business Planning and Advisory)

Rogoff, E., (2007) Bankable Business Plans (2nd Edition), Rowhouse Publishing,  New York. Available on Kindle from amazon.com

Note that this is an old text but is excellent in the way it simply and logically sets out the key elements of a business plan. For a more up-to-date discussion on business planning and marketing in the digital era, the following additional text is highly recommended:

Kawasaki (2015) The Art of the Start 2.0: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything, Penguin, New York.

Module 2 (Corporate Accounting)

Jubb, P.B., Haswell, S.M. and I.A. Langfield-Smith, Company Accounting, 5th Edition 2010, Cengage, Melbourne.

The text can be purchased from the Macquarie University Co-op Bookshop.

This text is used extensively for both lecture references and for tutorial homework. Ideally, students should have a copy of this text that they can access at all times. Copies of this text are available on Library Reserve.

Technology Used and Required

  • You must be familiar with the learning management system, iLearn (please refer to the detail contained below in Unit Web Page).
  • You need to conduct research and be familiar with Internet search engines and library databases.

Unit Web Page

ACCG308 lecture slides, notices and tutorial homework solutions will be available from the unit’s web page. You can access the web page on campus, at work or at home, where you can log in to “iLearn” https://ilearn.mq.edu.au/login/MQ/. Please check the web site on a regular basis for notices, updates, etc.

'Virtual tutorials', which provide detailed explanations for some tutorial homework questions, are also made available for some topics.

Unit Schedule

Week

Lecture topic

Weeks 1-6: Module 1

1

Introduction to business plans and consulting

2

Market research and strategy

3

Sales and marketing strategy

4

Operational strategy

5

Financing and financial plans

6

Business plan writing and consulting

Weeks 7-13: Module 2

7

Business combinations

Mid-session Break: 16-27 September 2019

8

Purchase consolidation 1

9

Purchase consolidation 2

10

Intra-group transactions

11

Direct non-controlling interest

12

Equity accounting

13

Revision and discussion of final exam

Final Examination Period: 11-29 November 2019

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/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 improve your marks and take control of your study.

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.

Graduate Capabilities

Creative and Innovative

Our graduates will also be capable of creative thinking and of creating knowledge. They will be imaginative and open to experience and capable of innovation at work and in the community. We want them to be engaged in applying their critical, creative thinking.

This graduate capability is supported by:

Learning outcomes

  • Examine and critically appraise the strategy, operations and risk of an enterprise.
  • Argue for appropriate solutions to business issues and communicate this advice to a range of stakeholders.

Assessment task

  • Assignment

Discipline Specific Knowledge and Skills

Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.

This graduate capability is supported by:

Learning outcomes

  • 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.

Assessment tasks

  • Tutorial homework
  • Class test
  • Final examination

Critical, Analytical and Integrative Thinking

We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.

This graduate capability is supported by:

Learning outcomes

  • Examine and critically appraise the strategy, operations and risk of an enterprise.
  • Argue for appropriate solutions to business issues and communicate this advice to a range of stakeholders.

Assessment task

  • Assignment

Effective Communication

We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.

This graduate capability is supported by:

Learning outcomes

  • Examine and critically appraise the strategy, operations and risk of an enterprise.
  • Argue for appropriate solutions to business issues and communicate this advice to a range of stakeholders.

Assessment tasks

  • Assignment
  • Tutorial homework

Program Learning Outcomes

This unit supports the development of program learning outcomes (PLO) for degree(s) delivered by the Macquarie Business School. PLOs describe the educational outcomes of a degree and what you should be able to know, understand and do by the end of your degree.

Unit learning outcomes 2, 3, 4 & 5 and the Assignment and Final Exam assessments contribute to the following PLOs:

PLO1 Discipline Specific Knowledge and Skills

PLO2 Critical Thinking