Overview
In this unit, which builds on the work you undertook in ACCT19062 Intermediate Financial Accounting, you will examine a selection of Australian accounting standards that address advanced issues in financial reporting including the accounting requirements for different types of inter-entity investment relationships. You will then interpret and apply the requirements of the selected accounting standards to solve more advanced accounting problems. This unit develops your professional competence in accounting to an advanced level.
Details
Pre-requisites or Co-requisites
Pre-requisite: ACCT19062
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 1 - 2017
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure – International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback – Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Student emails
Students have concerns about the quality of questions in PeerWise.
The Unit Coordinator will increase interaction with students in PeerWise. This will include writing model questions for each topic and answering and commenting on questions written by students.
Feedback from Student emails
More examples of worked questions, particularly for consolidation, should be provided.
Additional worked questions will be provided.
- Explain the different types of inter-entity investment relationships and the accounting methods that apply to each type
- Interpret the technical requirements and conceptual aspects of selected accounting standards that address inter-entity investment relationships
- Interpret the technical requirements and conceptual aspects of selected accounting standards that address advanced issues in financial reporting
- Apply the requirements of relevant accounting standards, conceptual accounting knowledge and professional judgement, to solve advanced accounting problems.
Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks | Learning Outcomes | |||
---|---|---|---|---|
1 | 2 | 3 | 4 | |
1 - Online Quiz(zes) - 5% | ||||
2 - Written Assessment - 45% | ||||
3 - Examination - 50% |
Alignment of Graduate Attributes to Learning Outcomes
Graduate Attributes | Learning Outcomes | |||
---|---|---|---|---|
1 | 2 | 3 | 4 | |
1 - Communication | ||||
2 - Problem Solving | ||||
3 - Critical Thinking | ||||
4 - Information Literacy | ||||
5 - Team Work | ||||
6 - Information Technology Competence | ||||
7 - Cross Cultural Competence | ||||
8 - Ethical practice | ||||
9 - Social Innovation | ||||
10 - Aboriginal and Torres Strait Islander Cultures |
Alignment of Assessment Tasks to Graduate Attributes
Assessment Tasks | Graduate Attributes | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
1 - Online Quiz(zes) - 5% | ||||||||||
2 - Written Assessment - 45% | ||||||||||
3 - Examination - 50% |
Textbooks
Company Accounting
10th edition (2015)
Authors: Leo, K., Knapp, J., McGowan, S. & Sweeting, J.
John Wiley & Sons
Milton Milton , Qld , Australia
ISBN: 9781118608173
Binding: Paperback
Additional Textbook Information
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Microsoft Office or equivalent (wordprocessing)
All submissions for this unit must use the referencing style: American Psychological Association 6th Edition (APA 6th edition)
For further information, see the Assessment Tasks.
d.keene@cqu.edu.au
Module/Topic
Introduction to accounting for different investor-investee relationships
Chapter
Events and Submissions/Topic
PeerWise (Assessment Task 1: on-line quiz) opens at 09:00 (AEST) Monday 6 March 2017
Module/Topic
Accounting for company income tax
Chapter
Chapter 6
AASB 112 Income Taxes
Events and Submissions/Topic
'Your Company' (for Assessment Task 2: written assessment) available from 17:00 (AEST) Friday 17 March 2017
Module/Topic
Business combinations
Chapter
Chapter 12
AASB 3 Business Combinations
Events and Submissions/Topic
Module/Topic
Consolidation: controlled entities and wholly owned subsidiaries
Chapter
Chapters 18 and 19
AASB 10 Consolidated Financial StatementsEvents and Submissions/Topic
Module/Topic
Consolidation: intragroup transactions
Chapter
Chapter 20
AASB 10 Consolidated Financial Statements
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Consolidation: non-controlling interest
Chapter
Chapter 21
AASB 10 Consolidated Financial Statements
Events and Submissions/Topic
Module/Topic
Associates and joint ventures
Chapter
Chapter 23
AASB 128 Investments in Associates and Joint Ventures
Events and Submissions/Topic
Module/Topic
Foreign currency transactions and translation of financial statements
Chapter
Chapters 8 and 17
AASB 121 The Effects of Changes in Foreign Exchange Rates
Events and Submissions/Topic
Module/Topic
Financial Instruments
Chapter
Chapter 7
AASB 9 Financial Instruments
AASB 132 Financial Instruments: Presentation
Events and Submissions/Topic
Module/Topic
Financial Instruments
Chapter
Chapter 7
AASB 9 Financial Instruments
AASB 132 Financial Instruments: PresentationEvents and Submissions/Topic
Module/Topic
Forward exchange contracts
Chapter
Chapter 8
AASB 9 Financial Instruments
Events and Submissions/Topic
PeerWise (Assessment Task 1: on-line quiz) scores downloaded at 17:00 (AEST) Friday 26 May 2017
Module/Topic
Revision
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Online Quiz(zes)
PeerWise is a place for you to create, share and evaluate questions with other students in the course.
PeerWise can be accessed through this webpage:
http://peerwise.cs.auckland.ac.nz/at/?cqu_au
If you have not used PeerWise before you will need to register and create a PeerWise account.
To do this, click on the 'Registration' link on the PeerWise webpage and follow the prompts to register which involves four steps:
- Choose a name for your username.
- Choose a password.
- Enter the 'Unit ID' for the unit you would like to join: the Unit ID for ACCT19061 Advanced Financial Accounting for Term 1 2017 is 14633.
- Enter your 'identifier' to join the unit : your identifier is your student number.
If you have used PeerWise before and already have an account, log in to PeerWise with your username and password.
You will then need to enter:
- The 'Unit ID' for ACCT19061 Advanced Financial Accounting for Term 1 2017 which is 14633.
- Your 'Identifier' which is your student number.
Please note that:
- PeerWise will be available from 09:00 (AEST) on Monday 6 March 2017 (Week 1).
- At 17:00 (AEST) on Friday 26 May 2017 (Week 11), the Unit Coordinator will download PeerWise scores. Each student's score will be converted into a mark (see Assessment Criteria below) which will be recorded in the Moodle Gradebook.
- You do not need to submit anything through Moodle; as you use PeerWise, your score will be automatically recorded.
-
Guidelines for using PeerWise are provided in a 'PeerWise Information Sheet' which is available in Moodle.
1
Other
PeerWise scores will be downloaded at 17:00 (AEST) on Friday 26 May 2017 (Week 11)
Your mark will be available in the Gradebook in Moodle in Week 12.
As you contribute to PeerWise, you will accumulate a reputation score which is composed of three parts:
- Writing questions (Questioning),
- Answering questions (Answering), and
- Rating questions you have answered (Rating).
You can see your reputation score in the top right-hand corner of PeerWise.
You will gain a mark out of 5 for your PeerWise contribution. This will be calculated as follows:
Mark | PeerWise Reputation Score |
5 | 5,000 + |
4 | 3,000 – 4,999 |
3 | 1,500 – 2,999 |
2 | 750 – 1,499 |
1 | 250 – 749 |
0 | < 250 |
- Explain the different types of inter-entity investment relationships and the accounting methods that apply to each type
- Interpret the technical requirements and conceptual aspects of selected accounting standards that address inter-entity investment relationships
- Interpret the technical requirements and conceptual aspects of selected accounting standards that address advanced issues in financial reporting
- Team Work
2 Written Assessment
This is an individual assignment that requires you to analyse a company's annual report.
Each student will be allocated a specific company to analyse in this assessment task.
The allocated company will be made available from 17:00 (AEST) on Friday of Week 2 in an Excel file (named 'Find Your Company') in Moodle.
The assignment questions and further information on this assessment item will be available in Moodle at the commencement of the term.
Week 7 Thursday (27 Apr 2017) 11:45 pm AEST
Week 9 Thursday (11 May 2017)
Two weeks after due date
You will be marked on the accuracy of your answers.
The assessment criteria will be available in Moodle at the commencement of the term.
- Apply the requirements of relevant accounting standards, conceptual accounting knowledge and professional judgement, to solve advanced accounting problems.
- Communication
- Problem Solving
- Critical Thinking
Examination
Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.