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  2. Corporate Accounting and Reporting [ACC6015]

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Corporate Accounting and Reporting

  • Unit Code

    ACC6015

  • Year

    2019

  • Enrolment Period

    1

  • Version

    2

  • Credit Points

    20

  • Full Year Unit

     N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Dr Siew Hoon ONG

Description

This unit provides students with the opportunity to examine a range of contemporary financial accounting issues within the context of the global business environment. Students will gain an understanding of how various financial transactions are recorded for different entities (including companies involved in construction, extractive industries, foreign operations etc.) and how these impact external disclosures. Theoretical issues and concepts underlying financial accounting practice are considered in the context of international reporting standards.

Prerequisite Rule

Students must have passed ACC6010.

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse financial accounting problems and generate solutions by examining, interpreting, and applying relevant accounting standards for external reporting purposes.
  2. Work collaboratively in preparation of a group project demonstrating application of relevant accounting standards.
  3. Prepare financial statements for external reporting purposes by demonstrating effective communication skills in the application of selected accounting standards.

Unit Content

  1. Accounting for assets including intangibles.
  2. Accounting for leases.
  3. Revenue recognition and accounting for construction contracts.
  4. Accounting for income taxes.
  5. Translation of foreign operations.
  6. Segment reporting.
  7. Accounting for extractive industries.
  8. Earnings per share.
  9. Preparation of group accounts (consolidations).

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 1 x 2 hour lectureNot OfferedNot Offered
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 1 x 1 hour tutorialNot OfferedNot Offered
Semester 2 x 2 hour lectureNot OfferedNot Offered
Semester 213 x 2 hour seminarNot OfferedNot Offered
Semester 2 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

This unit adopts the Technology Enhanced Learning (TEL) approach to enhance the learning experiences of students using different delivery modes. Teaching resources are developed to equip students to be competent in accounting knowledge and skills using a virtual and online learning mode that promotes flexible delivery. Both on-campus and online students are provided with a range of resources for each topic on Blackboard which include: detailed topic notes comprising demonstrated exercises and solutions, powerpoint slides which summarise key concepts, topic videos that explain theoretical concepts and application of each accounting standard, and finally review/test your knowledge questions and solutions. On-campus students will attend a weekly seminar to evaluate and develop understanding and applications of selected accounting standards in practical settings. Students will engaged in active learning environment where they will have the opportunity to present collaboratively with their peers, review core concepts and apply a particular accounting standard by completing a set task in class. Accounting practitioners/representatives of the accounting profession are invited as guest speakers to address students during the semester.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ProjectCollaborative project 10%
TestProgression Test15%
TestProgression Test15%
Examination ^Final Examination60%
ONLINE
TypeDescriptionValue
ProjectCollaborative project 10%
TestProgression Test15%
TestProgression Test15%
Examination ^Final Examination60%

^ Mandatory to Pass

Core Reading(s)

  • Deegan, C. (2016). Financial Accounting (8th ed., pp. xxiv, 1150). McGraw-Hill Education (Australia) Pty Ltd. Retrieved from https://ecu.on.worldcat.org/oclc/970680633?databaseList=638
  • Chartered Accountants Australia and New Zealand. (2017). Financial Accounting Handbook 2017. Financial reporting handbook 2017. Milton, Qld: John Wiley & Sons Australia. Retrieved from https://ecu.on.worldcat.org/oclc/971499128?databaseList=638
  • n.d. (2019). Financial reporting handbook 2019 : Australia, incorporating all the standards as at 1 December 2018. Milton, Qld: John Wiley. Retrieved from https://ecu.on.worldcat.org/oclc/1089931301

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC6015|2|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Corporate Accounting and Reporting

  • Unit Code

    ACC6015

  • Year

    2019

  • Enrolment Period

    2

  • Version

    2

  • Credit Points

    20

  • Full Year Unit

     N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Dr Siew Hoon ONG

Description

This unit provides students with the opportunity to examine a range of contemporary financial accounting issues within the context of the global business environment. Students will gain an understanding of how various financial transactions are recorded for different entities (including companies involved in construction, extractive industries, foreign operations etc.) and how these impact external disclosures. Theoretical issues and concepts underlying financial accounting practice are considered in the context of international reporting standards.

Prerequisite Rule

Students must have passed ACC6010.

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse financial accounting problems and generate solutions by examining, interpreting, and applying relevant accounting standards for external reporting purposes.
  2. Work collaboratively in preparation of a group project demonstrating application of relevant accounting standards.
  3. Prepare financial statements for external reporting purposes by demonstrating effective communication skills in the application of selected accounting standards.

Unit Content

  1. Accounting for assets including intangibles.
  2. Accounting for leases.
  3. Revenue recognition and accounting for construction contracts.
  4. Accounting for income taxes.
  5. Translation of foreign operations.
  6. Segment reporting.
  7. Accounting for extractive industries.
  8. Earnings per share.
  9. Preparation of group accounts (consolidations).

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 1 x 2 hour lectureNot OfferedNot Offered
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 1 x 1 hour tutorialNot OfferedNot Offered
Semester 2 x 2 hour lectureNot OfferedNot Offered
Semester 213 x 2 hour seminarNot OfferedNot Offered
Semester 2 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

This unit adopts the Technology Enhanced Learning (TEL) approach to enhance the learning experiences of students using different delivery modes. Teaching resources are developed to equip students to be competent in accounting knowledge and skills using a virtual and online learning mode that promotes flexible delivery. Both on-campus and online students are provided with a range of resources for each topic on Blackboard which include: detailed topic notes comprising demonstrated exercises and solutions, powerpoint slides which summarise key concepts, topic videos that explain theoretical concepts and application of each accounting standard, and finally review/test your knowledge questions and solutions. On-campus students will attend a weekly seminar to evaluate and develop understanding and applications of selected accounting standards in practical settings. Students will engaged in active learning environment where they will have the opportunity to present collaboratively with their peers, review core concepts and apply a particular accounting standard by completing a set task in class. Accounting practitioners/representatives of the accounting profession are invited as guest speakers to address students during the semester.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ProjectCollaborative project 10%
TestProgression Test15%
TestProgression Test15%
Examination ^Final Examination60%
ONLINE
TypeDescriptionValue
ProjectCollaborative project 10%
TestProgression Test15%
TestProgression Test15%
Examination ^Final Examination60%

^ Mandatory to Pass

Core Reading(s)

  • Deegan, C. (2016). Financial Accounting (8th ed., pp. xxiv, 1150). McGraw-Hill Education (Australia) Pty Ltd. Retrieved from https://ecu.on.worldcat.org/oclc/970680633?databaseList=638
  • Chartered Accountants Australia and New Zealand. (2017). Financial Accounting Handbook 2017. Financial reporting handbook 2017. Milton, Qld: John Wiley & Sons Australia. Retrieved from https://ecu.on.worldcat.org/oclc/971499128?databaseList=638
  • n.d. (2019). Financial reporting handbook 2019 : Australia, incorporating all the standards as at 1 December 2018. Milton, Qld: John Wiley. Retrieved from https://ecu.on.worldcat.org/oclc/1089931301

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC6015|2|2