|Semester 2, 2021 Online|
|Short Description:||Analysis of Corp Reporting|
|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Business|
|Student contribution band :||Band 4|
|ASCED code :||080101 - Accounting|
|Grading basis :||Graded|
Examiner: John Sands
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.
The professional accounting bodies require accountants to develop technical expertise in advanced financial accounting topics like financial instruments and earnings management. Given the complexity of commercial transactions conducted today, graduates must also possess an understanding of the concepts of corporate governance, ethics and organisational sustainability and how the reporting of these issues is needed and applied in today’s business environment. The course focuses on the analysis of many sources of corporate information, such as the annual report, ASX announcements, media releases, analyst meetings and environmental reports or corporate social responsibility reports. It provides a sound foundation for graduates pursuing their professional body accreditation studies or their career in business.
The course builds on students' knowledge of consolidated financial statements by investigating advanced financial accounting topics such as financial instruments (measurement, recognition and disclosures) and earnings management issues (asset impairment, goodwill, revenue recognition, provisions and contingent liabilities).
On successful completion of this course students should be able to:
- synthesise business knowledge, accounting disciplinary concepts and principles (e.g. ethical principles and practice benchmark governance or accounting practice principles) to identify, evaluate, assess, argue and/or critique non-compliance or performance activities;
- work collaboratively to analyse a case study scenario;
- apply business related knowledge and technical skills in the form of accounting standards, generally accepted accounting principles (GAAP), legislation and regulations to resolve corporate reporting problems;
- prepare an analytical report that applies the information to decision-making situations or ranks the relevant information required to make a judgement about the future sustainability of a company.
|1.||Ethics and governance principles using a stakeholder approach for duties, responsibilities, regulation, and protection||27.00|
|2.||Reporting of corporate social responsibility||10.00|
|3.||Advanced financial accounting topics (financial instruments and earnings management)||36.00|
|4.||Analysis of corporate performance and sustainability||27.00|
Text and Materials
ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://omnia.usq.edu.au/textbooks/?year=2021&sem=02&subject1=ACC3210)
Please contact us for alternative purchase options from USQ Bookshop. (https://omnia.usq.edu.au/info/contact/)
GRI G4 documents - https://www.globalreporting.org/standards/gri-standards-download-center/ (Any visitor to this website needs to register with GRI to have access to the new standards. This information can be found on the Study Desk under the Assignment 2 tab.).
(available through the course’s study desk.)
(available through the course’s study desk.)
Student Workload Expectations
|Description||Marks out of||Wtg (%)||Due Date||Notes|
|ASSIGNMENT 1||100||40||20 Aug 2021||(see note 1)|
|ASSIGNMENT 2||100||20||17 Sep 2021||(see note 2)|
|ASSIGNMENT 3||100||40||22 Oct 2021||(see note 3)|
- Assignments will require internet search for information and the use of Mornington Star DatAnalysis database (available free to all enrolled USQ students) for company selection.
- See note 1 above and Assignment 3 will be related to the selected company in assignment 2 and will build on feedback from assignment 2
- See note 1 and 2
Important assessment information
It is the students' responsibility to attend and participate appropriately in all activities 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:
Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)
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.
There is no examination in this course, there will be no deferred or supplementary examinations.
Examination period when Deferred/Supplementary examinations will be held:
Deferred and Supplementary examinations will be held in accordance with the Assessment Procedure https://policy.usq.edu.au/documents/14749PL.
University Student Policies:
Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.
Referencing in assignments:
Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing.