- Class Number 2288
- Term Code 3130
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Dr Cameron Hooper
- Dr Cameron Hooper
- Class Dates
- Class Start Date 22/02/2021
- Class End Date 28/05/2021
- Census Date 31/03/2021
- Last Date to Enrol 01/03/2021
This course covers the characteristics of the Australian accounting environment and its financial reporting requirements for companies, and expands on accounting for non-current assets, accounting for intangible assets, accounting for liabilities and owners' equity, accounting for a range of financial accounting issues (e.g., leases and income tax), and, most importantly, provides a comprehensive coverage of consolidation issues and equity investments.
Upon successful completion, students will have the knowledge and skills to:
- An understanding of the regulatory environment in which the companies are formed and operate in Australia.
- A foundation in accounting and reporting requirements of the Corporations Act and relevant Australian Accounting Standards Board (AASB) accounting standards.
- An understanding of the advanced issues in accounting for assets, liabilities and owners’ equity.
- The ability to account for a range of advanced financial accounting issues
- An understanding of the accounting requirements for a corporate group and familiarity with the theory underlying the methods used to account for inter-company investments.
- The ability to prepare consolidated accounts for a corporate group.
- An understanding of the basic principles of accounting for investments in associates.
- The ability to analyse complex issues, to formulate well reasoned and coherent arguments and to reach well considered conclusions.
- The ability to communicate effectively both verbally and in writing.
Students will be exposed to research ideas and be involved in discussions of research in the area of financial reporting requirements and business combinations. As part of the requirements for the group assignment, students will need to demonstrate their research skills in analysing the annual report of a particular company. Assistance will be provided throughout to ensure proper development of research skills.
Loftus, J., Leo, K., Boys, N., Daniliuc, S., Luke, B., Ang, H. and Byrnes, K., 2020. Financial Reporting, 3nd ed, Wiley.
Students are expected to have access to a copy of the prescribed book for the duration of the semester. The text can be purchased online directly from the publisher via https://www.wileydirect.com.au/buy/financial-reporting-3rd-edition/. You can also buy the digital version (e-book) of the text from the publisher using the above link. The ANU Library has also organised access to the e-book version via https://library.anu.edu.au/record=b6273000, but with limited concurrent users at any one time.
The text is subject to copyright laws in Australia and, as such, photocopying of any parts of it is restricted under law.
Students will be given feedback in the following forms in this course:
· Written comments on assessments.
· Verbal comments during tutorials and consultation.
· Feedback to the whole class via Wattle email.
ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
As a further academic integrity control, students may be selected for a 15 minute individual oral examination of their written assessment submissions.
Any student identified, either during the current semester or in retrospect, as having used ghost writing services will be investigated under the University’s Academic Misconduct Rule.
Email and the Wattle Course Website
Email and the Wattle course website are the preferred ways of communication.
If necessary, the lecturer and tutors for this course will contact students on their official ANU student email address. Students should use this email address when contacting staff as spam filters used by ANU may not allow other email addresses to be received. Information about your enrolment and fees from the Registrar and Student Services' office will also be sent to this email address.
Students are expected to check the Wattle site for announcements about this course, e.g. changes to timetables or notifications of cancellations.
|Week/Session||Summary of Activities||Assessment|
|1||Accounting regulation and the conceptual framework||Chapter 1|
|2||Corporate reporting and disclosure||Chapters 16,18, 21|
|3||Accounting for property, plant, and equipment and intangibles||Chapters 5, 6, 7|
|4||Accounting for leases||Chapter 10|
|5||Accounting for income tax||Chapter 12|
|6||Provisions and contingent liabilities; Share capital and reserves||Chapters 8, 13|
|7||Introduction to business combinations and consolidation||Chapters 25, 26|
|8||Accounting for wholly-owned subsidiaries||Chapter 27|
|9||Accounting for wholly-owned subsidiaries (continued)||Chapter 27|
|10||Accounting for intra-group transactions||Chapter 28|
|11||Accounting for non-controlling interest||Chapter 29|
|12||Accounting for equity investments||Chapter 31|
Please see Wattle for tutors’ information.
Tutorials will be available face-to-face or through live Zoom class. Enrolment for the various options, and times of the classes will be made available on Wattle. When tutorials are available for enrolment, follow these steps:
1. Log on to Wattle, and go to the course site.
2. Click on the link “Tutorial enrolment”
3. On the right of the screen, click on the tab “Become Member of ……” for the tutorial class you wish to enter.
4. Confirm your choice
If you need to change your enrolment, you will be able to do so by clicking on the tab “Leave group…” and then re-enrol in another group. You will not be able to enrol in groups that have reached their maximum number. Please note that enrolment in ISIS must be finalised for you to have access to Wattle.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Tutorial Preparation||10 %||05/03/2021||04/05/2021||1,2,3,4,5,6,7,8,9|
|Mid-semester Exam||35 %||29/03/2021||07/05/2021||1,2,3,4,8,9|
|Final examination||55 %||03/06/2021||01/07/2021||1,2,3,4,5,6,7,8,9|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:
The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.
Moderation of Assessment
Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
Details regarding materials and equipment that is permitted in an examination can be found on the ANU website:
Information regarding permitted examination materials for the course will be available on the examination timetable website when the examination timetable is released: http://timetable.anu.edu.au/
Assessment Task 1
Learning Outcomes: 1,2,3,4,5,6,7,8,9
It is expected that students prepare for and attend ALL tutorials scheduled for the course. Students who do not attend their assigned tutorial due to misadventure, sickness or other ‘valid’ reasons, must notify the course convenor with supporting evidence (such as medical certificates) as soon as possible. Depending on the circumstances, your tutor may require you attend a different tutorial or to make alternative arrangements.
Students are required to prepare ALL the set tutorial questions in advance of attending the tutorials, and to show a genuine attempt to answer ALL set questions in their written responses/solutions at the start of each week’s tutorial.
Weekly marking guidelines for tutorial preparation:
1 marks – The student has made a genuine attempt to answer ALL the set tutorial questions in advance of attending the tutorials.
0.5 marks – The student has made a genuine attempt to answer the majority but not all of the set tutorial questions in advance of attending the tutorials.
0 marks – The student has not make a genuine attempt to answer the assigned tutorial questions
Due date: The due date listed in the assessment summary is the earliest possible date.
Return Date: Students will be assessed weekly and ongoing marks-to-date will be provided to students (via Wattle) by the end of Week 6 for first half of the semester. The return date listed in the assessment summary is the latest possible return date.
NB: This task is worth 10% of the overall final grade. Since there are eleven tutorials, student's final grade for this assessment task will be scaled to be out of a total of 10.
Assessment Task 2
Learning Outcomes: 1,2,3,4,8,9
Centrally administered examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. Mid-semester exams will be held in either Week 6 or Week 7. The due date listed in the assessment summary is the earliest possible date. Please check ANU Timetabling for further information. Exam scripts will not be returned. Information regarding exam script viewing will be provided on the Research School of Accounting webpage in due course.
The examination will be based on the topics scheduled in Weeks 1 to 5 inclusive. Additional details of the mid-semester exam will be provided no later than Week 4.
Hurdle Assessment Requirements: You need to attempt the mid-semester exam to pass the course.
Assessment Task 3
Learning Outcomes: 1,2,3,4,5,6,7,8,9
Centrally administered examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. The due date listed in the assessment summary is the earliest possible date. Please check ANU Timetabling for further information. Exam scripts will not be returned. Information regarding exam script viewing will be provided on the Research School of Accounting webpage in due course.
Details of the final exam will be provided no later than Week 12.
Hurdle Assessment Requirements: You need to attempt the final exam to pass the course.
Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.
The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.
The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.
You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.
For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.
No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.
Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.
Extensions and Penalties
Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
Distribution of grades policy
Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.
Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.
Support for students
The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).
- ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
- ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
- ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
- ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
- ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
- ANUSA supports and represents undergraduate and ANU College students
- PARSA supports and represents postgraduate and research students
Cameron Hooper’s research interests include financial disclosure, corporate governance, and corporate litigation.
Dr Cameron Hooper