Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Mark Abraham
Contact via By email
room 223 Building 4ER
Mondays 12:00 - 13:00
Moderator
Parmod Chand
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
ACCG926
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit examines the financial reporting framework within which accountants operate. The detailed financial reporting requirements for entities leading to the preparation of group financial reports in accordance with International Financial Reporting Standards (IFRS) are examined. The unit deals with the nature of reporting for specialised entities including not-for-profits and small to medium sized enterprises. The unit also explores in more depth the role of the accountant as a financial analyst and adviser through an assessment of the financial performance and position of entities, and the accountant’s role in assessing and advising on the implications of accounting regulations on corporate reporting.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
---|---|---|---|
Assessed coursework | 10% | No | Throughout |
Take home test | 15% | No | 1 April 2019 |
Research assignment | 20% | No | 29 April 2019 |
Exam | 55% | No | To be advised |
Due: Throughout
Weighting: 10%
Homework exercises form a critical part in the study process, as they serve to reinforce concepts that are covered in class or online. Students often fail a unit when they had not followed a consistent, disciplined approach over the session. To encourage consistent studies, students are required to submit homework online before seminars. The teaching staff will review and advise on whether exercises are satisfactorily attempted.
Lecturer will mark exercises on five (5) occasions. Marks are awarded for completeness and evidence that corrections had been made as appropriate.
The homework component is worth 7.5%, with each submission counting for 1.5%. The remaining 2.5% is based on your seminar participation, which may include your engagement and input in class.
Type of Collaboration: Submission: Format: Length: Inherent Task Requirements: Late Submission:
Due: 1 April 2019
Weighting: 15%
Extensions
There are no extensions for this assessment. Students must sit the test at the designated time
Penalties
Students not attending the class test will be given a 0 grade. This penalty does not apply for cases in which an application for special consideration is made and approved.
Due: 29 April 2019
Weighting: 20%
Extensions
No extensions will be granted. Late tasks will be accepted up to 72 hours after the submission deadline.
Penalties
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.
Due: To be advised
Weighting: 55%
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. The University’s policy on special consideration is available at
http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Required Text: |
Required Text Book Students are to acquire the Study Text for ACCA Paper P2 Int/UK Strategic Business Reporting, published by KAPLAN Publishing. |
Unit Web Page: | |
Technology Used and Required: | |
Delivery Format and Other Details: | |
Recommended Readings: | |
Other Course Materials: |
Wk |
Topic/Content |
1 |
Chapter 1 Financial reporting frameworks Chapter 2 Professional and Ethical Duty Chapter 3 Performance reporting |
2 |
Chapter 4 Revenue Chapter 5 Non current assets |
3 |
Chapter 6 Agriculture and inventories Chapter 7 Foreign currency in individual financial statements |
4 |
Chapter 8 Leases Chapter 9 Employee benefits Chapter 10 Share-based payment |
5 |
Chapter 12 Financial instruments Chapter 13 Tax |
6 |
Chapter 11 Post-balance events, provisions & contingencies Chapter 14 Segment reporting Chapter 15 Related parties |
7 |
Debrief take-home test Chapter 16 Adopting new accounting standards Chapter 17 Small and medium enterprises Chapter 23 Current issues |
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Break |
8 |
Chapter 18 Group accounting - basic groups |
9 |
Chapter 19 Change in group structure Chapter 20 Group accounting - foreign currency |
10 |
Chapter 21 Group statement of cash flows |
11 |
Chapter 21 Group statement of cashflows cont. |
12 |
Chapter 22 Analysis and interpretation |
13 |
Practice questions |
14 |
ACCA Exam week |
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).
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 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
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
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
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.
Our postgraduates will demonstrate a high standard of discernment and common sense in their professional and personal judgment. They will have the ability to make informed choices and decisions that reflect both the nature of their professional work and their personal perspectives.
This graduate capability is supported by:
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by:
Our postgraduates will be able to communicate effectively and convey their views to different social, cultural, and professional audiences. They will be able to use a variety of technologically supported media to communicate with empathy using a range of written, spoken or visual formats.
This graduate capability is supported by:
Our postgraduates will be ethically aware and capable of confident transformative action in relation to their professional responsibilities and the wider community. They will have a sense of connectedness with others and country and have a sense of mutual obligation. They will be able to appreciate the impact of their professional roles for social justice and inclusion related to national and global issues
This graduate capability is supported by: