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The information below is relevant from 25/02/2013 to 26/10/2014
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ACCT19062 - Issues in Financial Reporting

General Information

Unit Synopsis

This course commences with an overview of the Australian financial reporting environment by focussing on: accounting standard setting arrangements; harmonisation of accounting practices; and the conceptual framework for accounting. The remainder of the course examines a number of specific financial reporting issues that are the subject of Australian Accounting Standards Board (AASB) accounting standards. These issues include: depreciation and revaluation of con-current assets; intangible assets; heritage and biological assets; leases; the extractive industries; foreign currency transactions; employee benefits; superannuation plans; segment reporting; and events occuring after balance sheet date. Students will be required to gain an understanding of the practical aspects of these issues, as well as be able to critically analyse their theoretical aspects. IF YOU HAVE STUDIED THIS COURSE WHEN IT WAS "ACCT19062 ACCOUNTING THEORY" YOU SHOULD NOT STUDY IT AGAIN.

Details

Level Undergraduate
Unit Level 2
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

Pre-requisite: ACCT19084

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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2013

Term 1 - 2017 Profile
Brisbane
Bundaberg
Cairns
Distance
Mackay
Melbourne
Rockhampton
Sydney
Term 2 - 2017 Profile
Brisbane
Distance
Melbourne
Sydney
Term 1 - 2018 Profile
Brisbane
Bundaberg
Cairns
Distance
Mackay
Melbourne
Rockhampton
Sydney
Term 2 - 2018 Profile
Brisbane
Distance
Melbourne
Sydney
Term 3 - 2018 Profile
Distance
Term 1 - 2019 Profile
Brisbane
Bundaberg
Cairns
Mackay
Melbourne
Online
Rockhampton
Sydney
Term 2 - 2019 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2019 Profile
Online
Term 1 - 2020 Profile
Brisbane
Bundaberg
Cairns
Mackay
Melbourne
Online
Rockhampton
Sydney
Term 2 - 2020 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2020 Profile
Online
Term 1 - 2021 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2021 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2021 Profile
Online
Term 1 - 2022 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2022 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2022 Profile
Online

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).

Assessment Overview

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.

Assessment Tasks

Assessment Task Weighting
1. Online Quiz(zes) 20%
2. Written Assessment 30%
3. Examination 50%

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

Past Exams

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Previous Feedback

Term 1 - 2021 : The overall satisfaction for students in the last offering of this course was 4.8 (on a 5 point Likert scale), based on a 21.15% response rate.

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.

Source: Student evaluations
Feedback
Assignment requirements are not always clear.
Recommendation
Additional clarification of assignment requirements will be provided.
Action Taken
Assignments include more details that clarify the assignment requirements. In addition, the assignment questions are comprehensively discussed during recorded workshops.
Source: Student evaluation.
Feedback
Provide PowerPoint slides for the recorded video presentations.
Recommendation
The video presentations are going to be updated. As part of this, the PowerPoint slides will be made available.
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Critically analyse the theoretical and practical aspects of a range of current accounting issues
  2. Evaluate the need for the development of a conceptual framework for accounting
  3. Explain the influence of conceptual frameworks on accounting practice
  4. Evaluate the limitations of some present accounting practices
  5. Describe the development and role of accounting standards in Australia and internationally
  6. Apply appropriate accounting standards to solve a given accounting problem

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6
1 - Online Quiz(zes)
2 - Written Assessment
3 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
Alignment of Assessment Tasks to Graduate Attributes
Introductory Level
Intermediate Level
Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Online Quiz(zes)
2 - Written Assessment
3 - Examination