ACC2103 Corporate Reporting and Analysis
| Subject | Cat-nbr | Class | Term | Mode | Description | Units | Campus |
| ACC | 2103 | 84210 | 3, 2008 | ONC | Corporate Reporting and Analysis | 1.00 | Springfield |
|---|
| Academic group: | FOBUS |
| Academic org: | FOB008 |
| Student contribution band: | 3A |
| ASCED code: | 080101 |
Contents
- Staffing
- Requisites
- Other requisites
- Synopsis
- Objectives
- Topics
- Texts
- Reference materials
- Student workload
- Assessment details
- Important assessment information
- Assessment notes
- Other requirements
- Production date
-
PDF version
STAFFING
Examiner: Raymond LeongModerator: Mark Vallely
REQUISITES
Pre-requisite: ACC1101OTHER REQUISITES
It is highly recommended that students have completed ACC2101 Financial Accounting Systems (formerly Accounting Information Systems) prior to enrolling in this course. While ACC2101 is not a pre-requisite, the recommended enrolment pattern for students in the accounting major is to complete ACC2101 and then ACC2103. These two courses can be studied concurrently. The study resources for this course are provided on a CD and online via the course home page. Students are required to have access to a personal computer, e-mail capabilities and Internet access to USQConnect. Current details of computer requirements can be found at <http://www.usq.edu.au/business/aboutfob.htm>.SYNOPSIS
In this course we will consider the information provided by listed corporations and other reporting entities through their financial statements (Balance Sheet, Income Statement, Statement of Changes in Equity and Cash Flow Statement), the disclosures made via the notes to the accounts and the statements and declarations made in annual reports by directors/management. A number of specific accounting standards and generally accepted accounting principles (GAAP) will be examined in this course and students will be required to understand and apply the recognition, measurement and disclosure requirements of the standards and GAAP (for example, measure and record transactions and economic events) and be able to prepare each of the financial statements. We will also focus on the analysis and interpretation of the information in the financial statements and the role of this information in stakeholder decision making. In particular, we will focus on the calculation and interpretation of the key data items, such as earnings per share and investigate associated issues such as 'earnings management' and 'earnings quality'. Students will require access to email and Internet access to USQConnect for this course.
OBJECTIVES
The course objectives define the student learning outcomes for a course. On successful completion of this course, students should be able to:
- 1.
- demonstrate a knowledge of the regulatory environment and the various regulations (accounting procedures and reporting practices) which impact on the information provided by reporting entities
- 2.
- process a series of transactions and prepare financial reports consistent with a number of accounting standards and generally accepted accounting principles and (GAAP)
- 3.
- undertake an analysis of the information presented in financial statements and other sources of corporate information and answer key commercial decisions with sound supporting arguments
- 4.
- demonstrate an understanding of the economic, political and regulatory factors that impact on the reporting decisions made by managers (for example, 'earnings management')
- 5.
- illustrate an ability to communicate in a commercial context
- 6.
- demonstrate mastery of basic academic writing and research skills.
TOPICS
| Description | Weighting (%) | |
|---|---|---|
| 1. | Preparation and presentation of financial statements |
30.00 |
| 2. | Analysis and interpretation of financial data |
30.00 |
| 3. | Special issues in corporate reporting |
40.00 |
TEXT and MATERIALS required to be PURCHASED or accessed
ALL textbooks and materials are available for purchase from USQ BOOKSHOP (unless otherwise stated). Orders may be placed via secure internet, free fax 1800642453, phone 07 46312742 (within Australia), or mail. Overseas students should fax +61 7 46311743, or phone +61 7 46312742. For costs, further details, and internet ordering, use the 'Textbook Search' facility at http://bookshop.usq.edu.au click 'Semester', then enter your 'Course Code' (no spaces).
Oncampus students must purchase the course CD.
ACC2103 shrink-wrapped package consisting of Wild, J, Subramanyam, K & Halsey, R 2007, 'Financial statement analysis', 9th edn, McGraw-Hill, Boston, Massachusetts AND Deegan, C 2007, 'Topics in corporate reporting', McGraw-Hill, North Ryde, New South Wales. (The latter book consists of selected chapters from Deegan, C 2007, 'Australian financial accounting', 5th edn, McGraw Hill, North Ryde, New South Wales).
REFERENCE MATERIALS
Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
Fleet, W, Summers, J & Smith, B 2006, Communication skills handbook for accounting, 2nd edn, John Wiley & Sons, Milton, Queensland.
Henderson, S, Peirson, G & Herbohn, K 2008, Issues in financial accounting, 13th edn, Pearson Education, Frenchs Forest, New South Wales.
Penman, S 2007, Financial statement analysis and security valuation, 3rd edn, McGraw-Hill/Irwin, New York.
Picker, R, Leo, K & Alfredson, K 2006, Australian accounting standards, John Wiley & Sons, Milton, Queensland.
STUDENT WORKLOAD REQUIREMENTS
| ACTIVITY | HOURS |
| Assessments | 15.00 |
| Lectures | 26.00 |
| Private Study | 98.00 |
| Tutorials | 26.00 |
ASSESSMENT DETAILS
| Description | Marks out of | Wtg(%) | Due date | Notes | |
|---|---|---|---|---|---|
| ASSIGNMENT 1 | 15.00 | 15.00 | 15 Dec 2008 | ||
| ASSIGNMENT 2 | 15.00 | 15.00 | 12 Jan 2009 | ||
| 2-HOUR EXAMINATION | 60.00 | 70.00 | END S3 | (see note 1) | |
NOTES
- 1.
- The examination is scheduled to be held in the end-of-semester examination period. Students will be advised of the official examination date after the timetable has been finalised.
IMPORTANT ASSESSMENT INFORMATION
- Attendance requirements:
It is the students' responsibility to attend and participate appropriately in all activities (such as lectures, tutorials, laboratories and practical work) scheduled for them, and to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration. - Requirements for students to complete each assessment item satisfactorily:
To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.) - Penalties for late submission of required work:
If students submit assignments after the due date without prior approval of the examiner, then a penalty of 5% of the total marks gained by the student for the assignment may apply for each working day late up to ten working days at which time a mark of zero may be recorded. - Requirements for student to be awarded a passing grade in the course:
To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course. - Method used to combine assessment results to attain final grade:
The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course. - Examination information:
This will be an open examination. Candidates may have access to any printed or written material and a calculator during the examination. In line with regulation 5.6.4.2 'Use of Electronic Devices during Examinations', laptop and notebook computers are not permitted. - Examination period when Deferred/Supplementary examinations will be held:
Any Deferred or Supplementary examinations for this course will be held during the next examination period. - University Regulations:
Students should read USQ Regulations 5.1 Definitions, 5.6 Assessment, and 5.10 Student Academic Misconduct for further information and to avoid actions which might contravene university regulations. These regulations can be found at <http://www.usq.edu.au/corporateservices/calendar/part5.htm>. Students should also read the Faculty of Business Policies and Procedures which can be found at <http://www.usq.edu.au/business/aboutfob.htm>.
ASSESSMENT NOTES
| 1. | Assignments: (i) Students must submit their assignment files online using EASE. (ii) Students must retain a copy of each assignment file submitted for assessment. This must be produced within 24 hours if required by the examiner. (iii) In accordance with university policy, the examiner may grant an extension of the due date of an assignment in extenuating circumstances. (iv) The assignment files must be submitted by 11.59pm on the due date (AEST), that is, Brisbane time. |
| 2. | Course weightings: Course weightings of topics should not be interpreted as applying to the number of marks allocated to questions testing those topics in an examination paper. The examination may test material already tested in assignments. |
OTHER REQUIREMENTS
- Communication: All formal communications from the course leader will be distributed by email, therefore students are required to have access to email.
This version produced 28 Aug 2009.