Overview
This unit assesses the application of Australian accounting standards informing the recording and reporting of group structures, tax affect accounting and issues affecting assets. In this unit you will demonstrate and apply knowledge of these accounting standards to analyse and interpret issues related to these topics, and to communicate effectively. You will apply cognitive, technical and creative skills to design, evaluate and implement proposed solutions to accounting problems related to these topics.
Details
Pre-requisites or Co-requisites
Students must successfully complete ACCT20071 Foundations of Financial Accounting prior to enrolling in this unit. Students who have successfully completed the unit ACCT20054 should not enrol in this unit.
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 2 - 2018
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 Postgraduate 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 evaluations
Relevant topics that are real business activities such as consolidations are taught.
Will continue to include topics that are relevant and applicable in the real business environment in this unit.
Feedback from Student evaluations
Assessments, questions and solutions were good and helpful to improve student learning
Will continue to provide questions and solutions, and develop assessment tasks that are valuable to student learning
Feedback from Student evaluations
The teacher makes the subject easy to understand
Will continue with the current teaching team as far as practical and within our control
- Demonstrate mastery of Australian accounting standards informing the recording and reporting of group structures, tax effect accounting and issues affecting assets
- Apply appropriate skills to design, evaluate and implement proposed solutions to accounting problems related to group structures, tax effect accounting and issues affecting assets
- Apply coherent body of knowledge of Australian accounting standards in analysing, interpreting and communicating effectively with professionals and non-professionals about group structures, tax effect accounting and issues affecting assets
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||
|---|---|---|---|
| 1 | 2 | 3 | |
| 1 - Online Test - 10% | |||
| 2 - Practical Assessment - 30% | |||
| 3 - Examination - 60% | |||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||
|---|---|---|---|
| 1 | 2 | 3 | |
| 1 - Knowledge | |||
| 2 - Communication | |||
| 3 - Cognitive, technical and creative skills | |||
| 4 - Research | |||
| 5 - Self-management | |||
| 6 - Ethical and Professional Responsibility | |||
| 7 - Leadership | |||
| 8 - 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 | |
| 1 - Online Test - 10% | ||||||||
| 2 - Practical Assessment - 30% | ||||||||
| 3 - Examination - 60% | ||||||||
Textbooks
Financial Accounting
8th edition (2016)
Authors: Deegan, C.
McGrawHill
North Ryde North Ryde , NSW , Australia
ISBN: 9781743764022
Binding: Paperback
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Microsoft Word
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.
n.steenkamp@cqu.edu.au
k.mcpherson@cqu.edu.au
Module/Topic
Revaluation and impairment testing of non-current assets
Chapter
6
Events and Submissions/Topic
Module/Topic
Accounting for income taxes
Chapter
18
Events and Submissions/Topic
Module/Topic
Accounting for income taxes (continued)
Chapter
18
Events and Submissions/Topic
Module/Topic
Accounting for group structures
Chapter
25
Events and Submissions/Topic
Assessment task 2: Part A (assesses chapter 6), Due Monday 30 July at 11.45pm AEST, and return Tuesday 14 August at 4pm AEST
Practical and written assessment Due: Week 4 Monday (30 July 2018) 11:45 pm AEST
Module/Topic
Accounting for group structures (continued)
Chapter
25
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Further consolidation issues I: accounting for intragroup transactions
Chapter
26
Events and Submissions/Topic
Module/Topic
Further consolidation issues I: accounting for intragroup transactions
Chapter
26
Events and Submissions/Topic
Module/Topic
Further consolidation issues II: accounting for non-controlling interests
Chapter
27
Events and Submissions/Topic
Assessment task 2: Part B due Thursday 6 September at 11.45pm AEST (assesses Chapters 25 and 26), return Firday 21 September at 4pm AEST
Module/Topic
Further consolidation issues II: accounting for non-controlling interests
Chapter
27
Events and Submissions/Topic
Module/Topic
Accounting for leases
Chapter
11
Events and Submissions/Topic
Assessment task 1: On-line quiz opens at 1am and closes at 11.45 pm AEST on Tuesday 18 September
On-line test Due: Week 10 Tuesday (18 Sept 2018) 11:45 pm AEST
Module/Topic
Accounting for intangible assets
Chapter
8
Events and Submissions/Topic
Module/Topic
Revision
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Online Test
The test assesses the content taught from weeks 1 to 9. The test consists of 20 multiple choice questions which may be theoretical, conceptual, and / or practical. They can also include calculations.
The on-line test must be completed during the 22 hours and 45 minutes that it is open on Tuesday 18 September. If you are seeking an extension, please ensure that you have received an approved extension from the Unit Coordinator before the test opens, as you will not be able to complete the on-line test after it closes. To allow the Unit Coordinator to review your application for extension and to grant it, please apply for extension before 4pm AEST on Monday 17 September.
Week 10 Tuesday (18 Sept 2018) 11:45 pm AEST
On-line test opens at 1am and closes at 11.45pm AEST on Tuesday 18 September 2018. The test is open for 22 hours 45 minutes but you only have 45 minutes to start and complete the test.
Week 10 Tuesday (18 Sept 2018)
Results will be available on Moodle immediately when you submit your on-line test. The answers to the questions cannot be made available.
The test is marked on-line and the answers are based on accuracy. The questions and the answers to the test are not available to students after the test.
- Demonstrate mastery of Australian accounting standards informing the recording and reporting of group structures, tax effect accounting and issues affecting assets
- Apply appropriate skills to design, evaluate and implement proposed solutions to accounting problems related to group structures, tax effect accounting and issues affecting assets
- Knowledge
- Cognitive, technical and creative skills
2 Practical Assessment
This assessment consists of two (2) parts. Part A (10%) assesses the topic covered in Chapter 6 and Part B (20%) assesses Accounting for group structures, covered in Chapters 25 and 26.
Week 4 Monday (30 July 2018) 11:45 pm AEST
Part A is due Monday 30 July and Part B on Thursday 6 September.
Week 6 Tuesday (21 Aug 2018)
Part A will be returned on Tuesday 21 August at 4pm AEST and Part B on Friday 21 September at 4pm AEST.
A marking criteria sheet will be provided with each of the two parts of this assessment task, outlining the marking rubric. Please note that there is a late penalty of 5% of the potential mark per day for late submissions.
No submission method provided.
- Demonstrate mastery of Australian accounting standards informing the recording and reporting of group structures, tax effect accounting and issues affecting assets
- Apply appropriate skills to design, evaluate and implement proposed solutions to accounting problems related to group structures, tax effect accounting and issues affecting assets
- Apply coherent body of knowledge of Australian accounting standards in analysing, interpreting and communicating effectively with professionals and non-professionals about group structures, tax effect accounting and issues affecting assets
- Knowledge
- Communication
- Cognitive, technical and creative skills
Examination
Calculator - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised
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.
What can you do to act with integrity?
