Corporate Accounting PG (11403.3)

Please note these are the 2023 details for this unit
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Corporate Accounting PG
Available teaching periods Delivery mode Location
View teaching periods
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Business School Post Graduate Level Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
This unit extends the discussion on financial accounting systems and practice. It examines accounting regulation and its application to prepare, interpret and analyse financial statements in the Australian context. The unit includes technical materials and discussion on ethical issues including earnings management and off-balance sheet information. This unit contains (but not limited) the following topics: fair value measurement, income taxes, property plant and equipment, financial instruments, impairment, disclosures and consolidation. The unit evaluates the appropriateness of accounting policies and its connection to professional judgment.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Apply relevant accounting standards to transactions and events in order to produce general purpose financial statements, including consolidated financial statements;
2. Evaluate the appropriateness of accounting policies used to prepare financial statements and understand that accounting involves the application of significant professional judgement;
3. Prepare, analyse and interpret financial statements and related disclosures; and
4. Examine specific accounting regulations to identify and assess opportunities for creative accounting such as off-balance sheet financing and earnings management.


Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - evaluate and adopt new technology


Prerequisites

6222 Accounting Systems and Practices G

Corequisites

None.

Incompatible units

6391 Company Accounting and 11214 Corporate Accounting

Equivalent units

6227 Company Accounting PG

Assumed knowledge

A strong understanding of debit credit rules and how to apply the definitions of the major elements of financial accounting (assets, liabilities, owners' equity, income and expenses).
Year Location Teaching period Teaching start date Delivery mode Unit convener
Not available

Required texts

Prescribed textbook:

Loftus, J., Leo, K., Daniliuc, S., Luke, B., Ang, H.N., Bradbury, M., Hanlon, D., Knapp, J., Boys, & Byrnes, K. (2023). Financial reporting (4th ed.). Milton: John Wiley & Sons Australia.

There are some copies of the textbook available in the UC library.

The e-book can be purchased directly through the publisher website: https://www.wileydirect.com.au/buy/financial-reporting/

It is highly recommended that you have access to the prescribed textbook for background knowledge and to reinforce class material.

Submission of assessment items

Extensions & Late submissions

The Use of Artificial Intelligence services

The University's position is that artificial intelligence services must not to be used for assessment or assessment preparation by students unless explicitly allowed in the assessment instructions for an assessment task published with the assessment task and/or in the unit outline. That is, an artificial intelligence services may only be used if:

  • its use is authorised by the unit convener (or HDR supervisor) as part of a specified assessment task, and
  • it is used in the way allowed in the assessment instructions and/or unit outline, and
  • its use is appropriately referenced, meaning that students must reference the use of AI in their assessment in the same way as they reference other source material.

The University of Canberra (Student Conduct) Rules determine whether a behaviour is academic misconduct.
Under the Rules, if a student does not follow assessment instructions, then a behaviour may be found to be academic misconduct.
Under the Rules if a student does not appropriately reference a source, then a behaviour may be found to be plagiarism.
See more information here provided in semester 1, 2023.

Special assessment requirements

Final grades in this subject will be assessed according to performance in each of the assessment items identified above. In order to pass this unit, you must obtain:

  • an overall total score of at least 50% AND
  • submit all assessment items marked as mandatory.

Students must achieve a minimum of 50% of the total marks available in this unit to pass this unit.

Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Participation requirements

Lectures, tutorials and workshops sessions are essential learning opportunity in this unit.

As an advanced unit in financial accounting, it is important that students prioritise attendance in class.

There is a strong link between unit success and lecture/tutorial/workshop attendance.

Required IT skills

This unit is likely to involve online meetings in real-time using online platforms. Specific information about the platform(s) will be posted via the Canvas site. To participate verbally, rather than just typing, you will need a microphone. For best audio quality we recommend a microphone and speaker headset.

Students are expected to be able to use Microsoft Word and Excel in addition to University systems available over the Internet (e.g. MyUC, Email, E-Reserve, Canvas, Library Catalogue, and Library Databases). Students are encouraged to use Zotero, Endnote or RefWorks for managing references for their research assignment.

Work placement, internships or practicums

None

Additional information

If the publisher's solutions are provided to the class or online through UCLearn (Canvas), the unit convener does not accept any responsibility for any errors in those documents.

The unit convener is only responsible for the accuracy of solutions/questions/quizzes provided by the unit convener.