ACCT3004 Accounting Theory and Analysis Trimester...

Unit study package code: ACCT3004

Mode of study: Internal

Tuition pattern summary: Note: For any specific variations to this tuition pattern and for precise information refer to the Learning Activities section.

Lecture: 1 x 1.5 Hours Weekly Workshop: 1 x 1.5 Hours Weekly

This unit does not have a fieldwork component.

Credit Value: 25.0

Pre-requisite units: 305229 (v.0) Advanced Financial Accounting 260 or any previous version OR ACCT2006 (v.0) Corporate Accounting or any previous version

Co-requisite units: Nil

Anti-requisite units: Nil

Result type: Grade/Mark

Approved incidental fees: Information about approved incidental fees can be obtained from our website. Visit fees.curtin.edu.au/incidental_fees.cfm for details.

Unit coordinator: Title: DrName: Lisa CullenPhone: +618 9266 7567Email: [email protected]: 407Room: 406A Consultation times:

To be advised through Blackboard

Teaching Staff: Name: Clarence ChoiPhone: 852 2877 7505Email: [email protected]: 401Room: NA

Administrative contact: Name: Lirsi SoontiensPhone: +618 9266 2869Email: [email protected]: 407Room: 416

Learning Management System: Blackboard (lms.curtin.edu.au)

Unit Outline

ACCT3004 Accounting Theory and Analysis Trimester 2A, 2015

Curtin Business School (CBS)School of Accounting

ACCT3004 Accounting Theory and Analysis UHK SPACE CIDP 26 Jun 2015 School of Accounting, Curtin Business School (CBS)

Page: 1 of 9CRICOS Provider Code 00301J

The only authoritative version of this Unit Outline is to be found online in OASIS

http://fees.curtin.edu.au/incidental_fees.cfm

http://lms.curtin.edu.au/

Acknowledgement of Country We respectfully acknowledge the Indigenous Elders, custodians, their descendants and kin of this land past and present.

Syllabus Theory, analysis and interpretation of managements strategic decisions relating to profitability, risk, cash-flow, society and the environment as disclosed in the annual report. Case studies in comprehensive financial statements analysis with an international context.

Introduction Welcome to Accounting Theory and Analysis. The information set out in the following pages is designed to guide you through the teaching, assessment and study requirements for the successful completion of this unit. The topics elaborated in this unit provide the theoretical foundation for the preparation, presentation and analysis of corporate financial statements. Students will be able to apply and evaluate selected accounting related theories in solving practical problems, explore current issues and broaden research knowledge and capabilities.

School and Unit Prizes : The School of Accounting has a number of prizes graduating students can strive to achieve.

Consultation and Communication

Local Consultation

Consultation times for teaching staff will be provided by your lecturer/tutor in the first week of semester. Your tutor for this unit should be the first point of contact for all queries.

General Course Related Consultation with Bentley Staff

All consultation and questions related to coursework or assessments is to be submitted online through Discussion Board in Blackboard. Please do not email general queries to the Unit Coordinator. This process has been introduced to prevent staff from having to answer the same questions many times it is best that questions are asked and answered through discussion board so all students can see the questions and responses. Some frequently asked questions have already been answered on the Blackboard site for this unit.

Unit Coordinator Consultation

The Unit Coordinator should only be contacted directly by email for queries related to enrolment, unresolved disputes or problems related to the unit that your tutor may be unable to resolve or for information related to assessment extensions or questions that are of a more personal nature. The Unit Coordinator will respond to student queries (via email and/or telephone) during the listed consultation times on Blackboard. To avoid disappointment in response times, please ensure you consider this in the timing of your questions.

Email Protocol: ALL emails should be sent from your student email account, otherwise anti-spam filters may prevent it from being delivered. Your lecturer or tutor may teach in a number of units and may have many students in many locations around the world. Therefore, students need to identify themselves clearly to ensure the query is addressed appropriately. Students email queries should include the following information; UNIT NAME: WORKSHOP TIME/TUTOR: STUDENT NAME AND NUMBER: CAMPUS: (Hong Kong) QUESTION: (Provide details of what you have done to resolve the problem/query yourself and then ask your question. Please make sure you have read the unit outline fully as most questions are answered in the unit outline). Note: When contacting the teaching staff, please be aware that we are in Perth Western Australia and on Western Standard Time (+ 8 GMT).

Blackboard announcements

Students should monitor the announcements section of Blackboard as important announcements may be posted in this section.

CPA Australia Prize Best Graduating Student in Third Year Accounting Units John Allan Prize Best Graduating Student in the Bachelor of Commerce in an Accounting Major A J Geldens Prize Best Graduating Student in the Bachelor of Commerce (Honours’) (Accounting)

Wiley ACCT3004 Unit prize for best group video

Curtin Business School (CBS) School of Accounting




Unit Learning Outcomes All graduates of Curtin University achieve a set of nine graduate attributes during their course of study. These tell an employer that, through your studies, you have acquired discipline knowledge and a range of other skills and attributes which employers say would be useful in a professional setting. Each unit in your course addresses the graduate attributes through a clearly identified set of learning outcomes. They form a vital part in the process referred to as assurance of learning. The learning outcomes tell you what you are expected to know, understand or be able to do in order to be successful in this unit. Each assessment for this unit is carefully designed to test your achievement of one or more of the unit learning outcomes. On successfully completing all of the assessments you will have achieved all of these learning outcomes.

Your course has been designed so that on graduating we can say you will have achieved all of Curtin's Graduate Attributes through the assurance of learning process in each unit.

Curtin's Graduate Attributes

Learning Activities Lectures

Students should attend the lecture or review the iLecture when it becomes available for download from Blackboard. The iLecture system (EchoCentre) is available through the link on the main menu on the Blackboard site for this unit. Students should familiarise themselves with this system as it allows more functionality to improve student learning. Online helpsite for Echo360 is available at. http://elearn.curtin.edu.au/help/ilecture/echo.cfm

Students should be aware that lectures are for 1.5 hours only each week. Therefore "everything" related to the topic area cannot be covered in this time. Core concepts are elaborated and direction for student independent learning is provided. It is expected that students do their own reading and research on the topic areas to expand their own learning and improve their ability to contribute to discussions in lectures and tutorials.

Tutorial Workshops

The purpose of weekly tutorials is to review the lecture material and provide additional problems for students to increase their understanding of the unit materials and progress on learning outcomes. Questions to be attempted by students prior to coming to tutorial workshop are outlined in the Module guidelines provided on Blackboard. Questions can be found at the end of each chapter of the main textbook (Rankin et al, 2012). Selected answers will be made available on Blackboard in the week following the tutorial.

On successful completion of this unit students can: Graduate Attributes addressed

1 Critically analyse, evaluate and report on financial and non-financial reports using information technology tools

2 Evaluate key accounting theories as explanations of business behaviours

3 Apply a variety of methods to analyse complex issues to broaden overall understanding of accounting issues and present findings to a professional level

4 Explain the social and economic role of general purpose financial reporting through corporate reporting practices and current accounting issues and examine the influence of culture

Apply discipline knowledge Thinking skills (use analytical skills to solve problems)

Information skills (confidence to investigate new ideas)

Communication skills Technology skillsLearning how to learn (apply principles learnt to new situations) (confidence to tackle unfamiliar problems)

International perspective (value the perspectives of others)

Cultural understanding (value the perspectives of others)

Professional Skills (work independently and as a team) (plan own work)

Find out more about Curtin's Graduate attributes at the Office of Teaching & Learning website: ctl.curtin.edu.au





http://elearn.curtin.edu.au/help/ilecture/echo.cfm

http://ctl.curtin.edu.au/

Learning Resources Library Reserve

There are resources for this unit in the library Reserve collection. To access these resources, please click on the following link:

http://link.library.curtin.edu.au/primo/course?ACCT3004

Essential texts

The required textbook(s) for this unit are:

l Rankin, M., Stanton, P., McGowan, S., Ferlauto, K., Tilling, M. 2012. Contemporary Issues in Accounting, Wiley.

ISBN:978-0-7303-0026-7

Textbooks are available to be purchased from the bookshop or online.

(ISBN/ISSN: 978118636074)

Other resources Highly Recommended Textbooks for Additional Research

Deegan, C. 2014. Financial Accounting Theory. 4thed. North Ryde, NSW: McGrawHill

Deegan, C. 2009. Australian Financial Accounting. 6th ed. North Ryde, NSW: McGrawHill

CPA Australia. 2014. Accounting Handbook. Pearson

Crosling, G.M., H.M. Murphy, P. V. Cotesta, J. Sands. 2005. Writing and Presenting in Accounting. (2nd ed) Sydney, LexisNexis Butterworths.

Henderson, S., G. Peirson and K.Herbohn. 2011. Issues in Financial Accounting, 14th ed. Melbourne: Pearson Prentice Hall.

Scott, W. 2009. Financial Accounting Theory. 5th ed. Toronto: Pearson Prentice Hall.

Subramanyam, K.R. and J.J. Wild, 2009. Financial Statement Analysis. 10th ed. Sydney: McGraw-Hill Irwin.

Website References

l Institute of Chartered Accountants in Australia www.icaa.org.au l CPA Australia www.cpaaustralia.com.au and www.nowboarding.cpaaustralia.com.au l Accounting education www.accountingeducation.com l Australian Accounting Standards Board www.aasb.com.au l International Accounting Standards Board www.iasb.org.uk l The Australian Financial Review (www.afr.com/) l Business Review Weekly (www.brw.com.au/) l The Wall Street Journal (online.wsj.com/public/us) l The Australian (www.theaustralian.news.com.au/) l KPMG Australia (www.kpmg.com/au) l EY Australia (www.ey.com/au) l PWC (www.pwc.com.au) l Deloitte (www.deloitte.com.au)

Library Online Databases:

A number of databases that may be a useful company research tool in this unit can be found at the following library website; http://libguides.library.curtin.edu.au/content.php?pid=163596&sid=1381214

l FinAnalysis – ASX listed Financial Company data l DatAnalysis – ASX listed Financial Company data l Annual reports online l Factiva – mainly newspaper publications on companies l Orbis – worldwide financial and non-financial company data including CSR statements





http://link.library.curtin.edu.au/primo/course?ACCT3004

http://www.icaa.org.au/

http://www.cpaaustralia.com.au/

http://www.nowboarding.cpaaustralia.com.au/

http://www.accountingeducation.com/

http://www.aasb.com.au/

http://www.iasb.org.uk/

http://www.afr.com/

http://www.brw.com.au/

http://www.theaustralian.news.com.au/

http://libguides.library.curtin.edu.au/content.php?pid=163596&sid=1381214

Assessment Assessment schedule

Detailed information on assessment tasks

1. Module Tests (x4) 10%

Module tests are completed online through Blackboard at the end of each module, are timed online multiple choice and true/false tests and comprise 20 questions or less. Refer to the Program Calendar for due dates. Further details of the tests will be provided online through Blackboard. Each test will be converted to 2.5% and scores added to be the final grade 10%. Module 1 allows multiple attempts, however Modules 2, 3 and 4 only 1 attempt will be allowed. At least ONE Module test MUST be attempted to attain a grade to contribute to the overall 10% for this assessment to fulfil the "attempt all assessment" requirements for this unit.

Preparation

In preparing for the test students are advised to;

l review the relevant lecture materials l review the associated chapters of the textbook l revise the relevant tutorial questions and suggested solutions provided l review the online multiple choice questions available on Blackboard

2. Essay (15%) This assessment will be submitted through Turnitin on Blackboard by students in Week 6. Further details of the requirements of the test and a marking guide will be provided in an information sheet will be placed on Blackboard.

3. Group Presentation (25%) The purpose of this assessment is to enhance student’s analytical, negotiation, communication, time management and professional skills required in an effective and successful workplace. This assessment will be a group assessment to be undertaken with students in the same tutorial groups. Students will be required to make a presentation during their tutorial (during week 10 as determined by the tutor). Full details of the requirements of the presentation will be outlined in an information sheet placed on Blackboard.

4. Final Exam (50%) The final exam for this unit will be a Take Home Exam. Refer to the Program Calendar for release and submission dates and times. Further details of the format and requirements of the exam will be provided on Blackboard closer to the time. Students will be required to upload their exam into Blackboard through Turnitin. Students can reasonably assume the exam format may contain a mixture of Multiple Choice, Essay, Case Study or Short Answer type questions and students will be given a strict deadline to submit the exam. University policies and procedures for academic misconduct and plagiarism will be strictly applied. Further information is available at www.academicintegrity.curtin.edu.au.

Task Value % Date DueUnit Learning Outcome(s)

Assessed

1Test 10 percent Week: Weeks 5, 9, 11,12

Day: Online Time: Online

2,4

2Essay 15 percent Week: 6

Day: 17th August Time: Online by 5pm

2,4

3Case study 25 percent Week: Week 10

Day: TBA Time: TBA

3

4

Final Exam 50 percent Week: 12-13 Day: TBA Time: Online 5pm 6 October 2015

1,2





http://www.academicintegrity.curtin.edu.au/

Pass requirements

The unit has a pass requirement of 50% or above for the final mark. Students are also required to attempt ALL assessment tasks for the Unit. Official release of results for this unit are published on Oasis on the Curtin website. http://oasis.curtin.edu.au

Fair assessment through moderation

Moderation describes a quality assurance process to ensure that assessments are appropriate to the learning outcomes, and that student work is evaluated consistently by assessors. Minimum standards for the moderation of assessment are described in the Assessment and Student Progression Manual, available from policies.curtin.edu.au/policies/teachingandlearning.cfm

Late assessment policy

This ensures that the requirements for submission of assignments and other work to be assessed are fair, transparent, equitable, and that penalties are consistently applied.

1. All assessments students are required to submit will have a due date and time specified on this Unit Outline. 2. Students will be penalised by a deduction of ten percent per calendar day for a late assessment submission (eg a mark

equivalent to 10% of the total allocated for the assessment will be deducted from the marked value for every day that the assessment is late). This means that an assessment worth 20 marks will have two marks deducted per calendar day late. Hence if it was handed in three calendar days late and given a mark of 16/20, the student would receive 10/20. An assessment more than seven calendar days overdue will not be marked and will receive a mark of 0.

Assessment extension

A student unable to complete an assessment task by/on the original published date/time (eg examinations, tests) or due date/time (eg assignments) must apply for an assessment extension using the Assessment Extension form (available from the Forms page at students.curtin.edu.au/administration/) as prescribed by the Academic Registrar. It is the responsibility of the student to demonstrate and provide evidence for exceptional circumstances beyond the student's control that prevent them from completing/submitting the assessment task.

The student will be expected to lodge the form and supporting documentation with the unit coordinator before the assessment date/time or due date/time. An application may be accepted up to five working days after the date or due date of the assessment task where the student is able to provide an acceptable explanation as to why he or she was not able to submit the application prior to the assessment date. An application for an assessment extension will not be accepted after the date of the Board of Examiners' meeting.

PLEASE NOTE: Assessment Extensions for this unit are very unlikely. Most assessments are conducted over a number days or students have several weeks to complete the assessment. To be granted an extension students MUST have a valid reason that coversa significant period of the assessment, a medical certificate for ONE DAY will generally not be acceptable.

Deferred assessments

If your results show that you have been granted a deferred assessment you should immediately check your OASIS email for details.

Deferred examinations/tests will be held from 08/02/2016 to 19/02/2016 . Notification to students will be made after the Board of Examiners’ meeting via the Official Communications Channel (OCC) in OASIS.

Supplementary assessments

Supplementary assessments, if granted by the Board of Examiners, will have a due date or be held between 08/02/2016 and 19/02/2016 . Notification to students will be made after the Board of Examiners’ meeting via the Official Communications Channel (OCC) in OASIS.

It is the responsibility of students to be available to complete the requirements of a supplementary assessment. If your results show that you have been granted a supplementary assessment you should immediately check your OASIS email for details.

Referencing style

The referencing style for this unit is Chicago.

More information can be found on this style from the Library web site: library.curtin.edu.au.

Academic Integrity (including plagiarism and cheating)

Any conduct by a student that is dishonest or unfair in connection with any academic work is considered to be academic misconduct. Plagiarism and cheating are serious offences that will be investigated and may result in penalties such as reduced or zero grades, annulled units or even termination from the course.





http://oasis.curtin.edu.au/

http://policies.curtin.edu.au/policies/teachingandlearning.cfm

http://students.curtin.edu.au/administration/

http://library.curtin.edu.au/

Plagiarism occurs when work or property of another person is presented as one's own, without appropriate acknowledgement or referencing. Submitting work which has been produced by someone else (e.g. allowing or contracting another person to do the work for which you claim authorship) is also plagiarism. Submitted work is subjected to a plagiarism detection process, which may include the use of text matching systems or interviews with students to determine authorship.

Cheating includes (but is not limited to) asking or paying someone to complete an assessment task for you or any use of unauthorised materials or assistance during an examination or test.

For more information, including student guidelines for avoiding plagiarism, refer to the Academic Integrity tab in Blackboard or academicintegrity.curtin.edu.au.

Information and Communications Technology (ICT) Expectations

Curtin students are expected to have reliable internet access in order to connect to OASIS email and learning systems such as Blackboard and Library Services.

You may also require a computer or mobile device for preparing and submitting your work.

For general ICT assistance, in the first instance please contact OASIS Student Support: oasisapps.curtin.edu.au/help/general/support.cfm

For specific assistance with any of the items listed below, please contact The Learning Centre: life.curtin.edu.au/learning-support/learning_centre.htm

l Using Blackboard, the I Drive and Back-Up files l Introduction to PowerPoint, Word and Excel

Additional information

APPENDIX A : Facebook The School of Accounting has a facebook site. Please join and keep up-to-date with information and student activities within the School of Accounting. The website link is: http://www.facebook.com/CurtinAccounting

Enrolment

It is your responsibility to ensure that your enrolment is correct - you can check your enrolment through the eStudent option on OASIS, where you can also print an Enrolment Advice.

Student Rights and Responsibilities It is the responsibility of every student to be aware of all relevant legislation, policies and procedures relating to their rights and responsibilities as a student. These include:

l the Student Charter l the University's Guiding Ethical Principles l the University's policy and statements on plagiarism and academic integrity l copyright principles and responsibilities l the University's policies on appropriate use of software and computer facilities

Information on all these things is available through the University's "Student Rights and Responsibilities" website at: students.curtin.edu.au/rights.





http://academicintegrity.curtin.edu.au/

https://oasisapps.curtin.edu.au/help/general/support.cfm

http://life.curtin.edu.au/learning-support/learning_centre.htm

http://www.facebook.com/CurtinAccounting

http://students.curtin.edu.au/rights/

Student Equity There are a number of factors that might disadvantage some students from participating in their studies or assessments to the best of their ability, under standard conditions. These factors may include a disability or medical condition (e.g. mental illness, chronic illness, physical or sensory disability, learning disability), significant family responsibilities, pregnancy, religious practices, living in a remote location or another reason. If you believe you may be unfairly disadvantaged on these or other grounds please contact Student Equity at [email protected] or go to http://eesj.curtin.edu.au/student_equity/index.cfm for more information

You can also contact Counselling and Disability services: http://www.disability.curtin.edu.au or the Multi-faith services: http://life.curtin.edu.au/health-and-wellbeing/about_multifaith_services.htm for further information.

It is important to note that the staff of the university may not be able to meet your needs if they are not informed of your individual circumstances so please get in touch with the appropriate service if you require assistance. For general wellbeing concerns or advice please contact Curtin's Student Wellbeing Advisory Service at: http://life.curtin.edu.au/health-and-wellbeing/student_wellbeing_service.htm

Recent unit changes Students are encouraged to provide unit feedback through eVALUate, Curtin's online student feedback system. For more information about eVALUate, please refer to evaluate.curtin.edu.au/info/.

Recent changes to this unit include:

1. A new textbook was introduced in 2014. 2. The unit has been improved to include 4 key modules with some new materials. 3. Additional online materials and e-texts are available through library. 4. Tutorial format to be changed to a flipped learning style and students participate in more group work in class. 5. Tutorials have been expanded to include more research to improve students research skills. 6. The assessments include progressive tests to allow students to gauge their progress through the unit more accurately,

and take measures to improve personal results in a more timely manner. 7. Prize from Wiley for Best Video to be re-introduced. 8. Peer evaluation for Presentation assessment to be re-introduced.

To view previous student feedback about this unit, search for the Unit Summary Report at https://evaluate.curtin.edu.au/student/unit_search.cfm. See https://evaluate.curtin.edu.au/info/dates.cfm to find out when you can eVALUate this unit.





mailto:[email protected]

http://eesj.curtin.edu.au/student_equity/index.cfm

http://www.disability.curtin.edu.au/

http://life.curtin.edu.au/health-and-wellbeing/about_multifaith_services.htm

http://life.curtin.edu.au/health-and-wellbeing/student_wellbeing_service.htm

http://evaluate.curtin.edu.au/info/index.cfm

https://evaluate.curtin.edu.au/student/unit_search.cfm

https://evaluate.curtin.edu.au/info/dates.cfm

Program calendar





ACCT3004 Accounting Theory and Analysis Trimester...

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