最新糖心Vlog

Email: sabine.schuhrer@adelaide.edu.au

Teaching Assistant: Giao Reynolds

Email: giao.reynolds@adelaide.edu.au

On successful completion of this course, students will be able to:

1. Interpret financial reports based on concepts from the accounting Conceptual Framework and 最新糖心Vlogn Accounting Standards.
2. Make professional judgements by referring to accounting policies.
3. Prepare complex accounting transactions by choosing and apply relevant accounting standards.
4. Debate judgements to a professional and non-professional audience.
5. To make ethical decisions using a recognised framework.

Please note that this is a new edition of the textbook!

• Textbook: Issues in Financial Accounting, 16th edition by Scott Henderson, Graham Peirson, Kathy Herbohn, Tracy Artiach and Bryan Howieson. Published 2017 by Pearson. (ISBN 9781488611643)
• You can purchase the book or e-book from this website:  (free delivery)

Accounting Standards

You will need access to accounting standards throughout the semester. These are available at no cost from the 最新糖心Vlogn Accounting Standards board (AASB) Website: 

It is highly advisable that you print the required standards each week so that you can highlight relevant paragraphs and refer to them often. You will need to have the relevant standard to prepare and participate in your tutorials. Failure to print and take the standard to the tutorial will severely inhibit your study.

Study Guide

A study guide is provided on MyUni. This includes lecture notes, worked examples, and tutorial activities.

Recommended Additional Textbooks

• Understanding 最新糖心Vlogn Accounting Standards by Janice Loftus, Ken J. Leo, Ruth Picker, Victoria Wise, Kerry Clark. Published 2012 by Wiley. ISBN 978-0-7303-0207-0
• 最新糖心Vlogn Financial Accounting 7E by Craig Deegan. Published by McGraw-Hill, copyright 2012, reprinted 2013. ISBN 9780071012409, 0071012400

These are two good texts that you may find useful. They cover much of the course material and are available in the 最新糖心Vlog library. If you have trouble locating them please ask at the Help Desk.

A complete set of accounting standards are available in the following handbook. While it is not necessary to purchase one of these, if you print the required standards from the AASB website they are a convenient resource. Note that accounting standards will not be allowed in the examination room.

• CAANZ (Chartered Accountants 最新糖心Vlog and New Zealand) Financial Reporting Handbook 2017 最新糖心Vlog published by Wiley. This is also available as an e-book.

For some sections of the course, additional material is made available on MyUni. Due to the ever changing nature of accounting standards please ensure you are reading the most current edition of any text.

A Note on the Role of Reading in This Course

While some students may feel that reading can be something of a “chore”, reading is a very important mechanism for your learning because books and articles are a significant repository of our knowledge. Many of the topics are complex and so it is impossible to cover all you need to know in the lectures alone. In order to make your reading as productive as possible, you can both highlight relevant sections of text and concurrently take written notes of what you have read. As suggested by research studies, taking notes helps retaining better the information in one's memory. Also, you can take breaks when reading, or read only small sections at a time. This will reduce your level of fatigue and again tend to improve your understanding and memory of the material. 

You can also plan ahead with your reading. Some weeks may have more reading than others and you will sometimes need to start reading earlier than usual if you are to cover everything. The Weekly Schedule (available on MyUni in the Course Information module) contains a listing of the major readings for each week to assist you in timing your reading activity.

MyUni

Additional materials are on MyUni which either elaborate on, or supplement, items in the textbook. 

Apart from lectures, MyUni is the main point of contact with students. Please check MyUni regularly for announcements.

Sample Exams

Many past exam questions with suggested solutions are available on MyUni. These are to give you extra practice questions. It is highly recommended that you complete them in your own time under the exam conditions then use the suggested solutions to check your progress. Please note that they are only indicative of the type of exam questions you may encounter, and the exam questions for this semester may be different in structure or coverage. You may have access to the old exams which are no longer relevant. Please focus on what is provided for the semester. 

Useful Websites

Changes in accounting standards and other developments in accounting practice occur very frequently. Links to several useful websites have been placed on the MyUni site for this course.

Lectures

Lectures are held once a week starting in the first week. You are expected to have read the relevant material and attempted the pre-lecture quiz before coming to the lecture, except Week 1 lecture (further detail is provided in this course outlines, in the Assessment Summary section below). The lecture is designed to summarise the topic, explain concepts, stress important points and work through examples. You will gain more benefit from the lecture if you read the relevant section of the textbook and attempt the pre-lecture quiz before coming to the lecture.

Tutorials

Tutorial classes will be held weekly commencing in the second week of semester. Tutorials are designed to elaborate on the material presented in the previous week’s lecture. It is a chance to work thought examples and ask questions and discuss issues. To gain the most benefit from tutorials you need to prepare answers to the questions in advance. The activities for each week are in the Study Guide. 

Membership of tutorial classes is to be finalised by the end of the second week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Lecturer-in-Charge, but should be aware that such a request may not be approved.

Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the school and are highly regarded by employers and professional bodies.

At the Masters level of study, you are much more responsible for the quality of your learning than an undergraduate student. Consequently, at this level of study the emphasis is upon active rather than passive learning. It is expected that each student will actively involve him/herself in the discussion during each tutorial. In general, a good participant will, among other things:

• Take the initiative and lead the discussion on a question;
• Be prepared to control the level of their involvement so that other class members can participate equally in the discussion;
• Present their points in a structured manner with reference to relevant accounting standards, readings and research evidence;
• Be prepared to accept and explore alternative viewpoints;
• Be willing to go beyond the suggested readings and resources and use their initiative to present other topical material as examples, e.g., recent newspaper articles;
• Speak clearly;
• Assist other members of the class with understanding the material;
• Be prepared to work cooperatively and productively in small groups;
• Be sensitive to the needs and feelings of other participants; and
• Be punctual.

It is not reasonable to expect that you will always have the “right” answer and. Indeed, it should be recognised and understood that valid alternative points of view might well exist on an issue. This does not mean that “anything will do” when trying to find a solution to controversial topics – rather a “good” answer will be one that is grounded in, among other things, references to relevant and valid accounting standards and concepts.

Preparation prior to attending your tutorial is important to your successful completion of this course and if you have not prepared beforehand you may have difficulties in understanding what is happening in the class session. Full solutions will NOT be handed out for tutorial questions. However, the teaching staff are very happy to provide further assistance to you with a question PROVIDED you have made a thorough written attempt beforehand.

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The 最新糖心Vlog expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that, for this course, you are expected to commit approximately 9 hours to private study in addition to 3 hours of lectures and tutorial time. These 9 hours per week is study outside of your regular classes.

Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.

Please refer to Access Adelaide for your timetable and enrolment details:

Topic 1: Overview of the Course, Institutional Arrangements and Policy Choices
Topic 2: The Conceptual Framework, Definition, Recognition, and Measurement
Topic 3: Provisions, Contingent Liabilities and Contingent Assets
Topic 4: Ethics 
Topic 5: Non-Current Assets – Revaluations, Impairment & Cash Generating Units
Topic 6: Income Tax 
Topic 7: Intangibles
Topic 8: Leases
Topic 9: Financial Instruments - general issues and principles
Topic 10: Financial Instruments - foreign currency transactions and hedging
Topic 11: Employee Entitlements - share based payments
Topic 12: Course Review and Exam Preparation

Students should see the associated material on MyUni for a comprehensive summary of topics and readings

Assessment	Due Date and Time	Weighting	Related Learning Outcome
Pre-lecture quizzes (Best 10 of 11)	Midnight before each lecture* *except the first lecture in Week 1, in which case both Week 1 and Week 2 quizzes are due by midnight before Week 2 lecture.	10%	1, 2, 3, 5
Research Project (incorporating weekly wiki activities)	Wiki activities are due weekly before your next tutorial. (There is no wiki activity for the first week.) Part 1 (Individual submission) is due 5pm Sun 23rd April. Part 2 (Team submission) is due 5pm Sun 28th May.	5%  10%  10%	1, 2, 4
Ethics LX simulation	Ethics LX Simulation due 5pm Wed 5th April Attendance at the Week 4 lecture is highly advisable.	5%	4, 5
Final exam 3 hours	During the exam period	60%	1, 2, 3, 4
Total		100%

A class roll will be maintained for each tutorial group. Students are recommended to attend and participate in all tutorials.

To gain a pass for this course, a mark of at least 50% must be obtained on the examination as well as a total of at least 50% overall. Students not achieving the minimum exam mark will be awarded no more than 49.

A student who fails any of the assessment items will NOT be permitted to resubmit that item for remarking.

Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process and reflect your competence in some types of communications skills. Marks may be deducted in the final examination because of poor hand-writing.

In this course, the use of calculators incapable of storing text is permitted in the final examination in this course.

Pre lecture quizzes – 10%
The pre lecture quizzes are designed to motivate you to do the required readings and think about the materials before the relevant lecture. Each quiz comprises 10 multiple choice questions, and is available on MyUni during the week before the due date. Students have 40 minutes to complete the quiz once they have opened it. The quiz can only be opened once so be prepared to finish the quiz once you start. Your 10 best scores will be taken from the 11 quizzes to calculate the final score. If you miss more than 1 quiz for any reason then your score will be the total of all the quizzes you attempt. Quiz results are available in the MyGrades section on MyUni. Completed tests are available to view for revision purposes after the due date. 

On-line eLearning Module
In Week 2, an online eLearning module will be provided. This module has been designed for you to work through at your own pace. The module incorporates a number of interactive activities and assessment questions. This module covers the Conceptual Framework, which is a very important part of the course. Please read the supplied material and do the activities diligently.

Research Project (incorporating weekly wiki activities) – 25%

The research project and weekly wiki activities are designed to give you the opportunity to enhance your communication, collaboration, innovative and technology skills (all essential graduate attributes) in addition to your accounting knowledge. You will be assigned to a team of approximately 5 students from your tutorial. Each week throughout the semester, you have tasks to complete and post to the wiki. At the end of semester your team is required to submit a report. You may get an individual mark based on the quality and quantity of your contribution; hence not all team members will get the same mark. Good students will not be penalised because some team members do not contribute, nor will non-contributors benefit from the work of others. Evidence from past semesters shows that teams that work well together and use this opportunity to discuss concepts generally do very well overall. Further details will be provided in a separate handout.

Ethics LX Simulation – 5%
The ethics component consists of in-lecture activities in Week 4 and the completion of an on-line Ethics LX simulation. Week 4 will not be a traditional lecture. You will be asked to consider ethical situations and give your views, both individually and/or in groups. You will be given a handout during the lecture. These activities are not something you can study for as there is no one ‘correct’ answer. The purpose of this is to get you thinking about ethical situations and how you would respond and how your actions can have consequences on others. There is a ‘pre lecture quiz’ this week based on the relevant chapter of the text, your preparation includes doing this and familiarising yourself with the other reading in this section of the study guide. A separate handout will be given that details the requirements of the Ethics LX simulation.

Final Exam – 60%
There will be a 3-hour exam at the end of the semester. All topics in the course are potentially examinable. The exam is ‘closed book’ and you will be permitted to take in a calculator incapable of storing texts. You are NOT allowed to take in a copy of the Accounting Standards. An exam overview and revision session is scheduled for Week 12. It is highly advisable that students attend this (and all lectures).

IMPORTANT
Weekly assessable items are designed to help you learn, not to test your knowledge. The pre lecture quizzes give you an incentive to read the chapter and think about the material before attending the lecture. During the lecture the key concepts are explained and demonstrated. Without prior reading and thinking through the issues the lecture will make very little sense. This work is then built upon in the tutorial. It is your chance to put into practice what we are learning and ask questions of your tutor to receive a more comprehensive understanding of the material. To get any benefit from the tutorial you should prepare solutions to the questions in advance. The wiki activities then get you to relate what you have learnt to a real company by studying an annual report. These activities will highlight the diversity of annual reporting and help you to understand the concepts we are learning. The research report is a culmination of what you have found in your annual reports during the semester. 

The pre-lecture quizzes are completed online. You should allow enough time to complete them before the closing time of midnight on the due date. Once a quiz is closed off, it will not be reopened for an individual student, hence it is very important that you remember to do it and do it early. Do not leave it until the last minute. In the past many students have left it until 11.30 pm with the intention of completing it at home only to discover they have technical problem such as a computer crash or the internet connection is lost. This is not a valid reason for a time extension. You must complete the test before midnight on the due date AND within the time limit.

The research report is a summary of your findings and discussions with your team members throughout the semester. The weekly wiki activities are ongoing throughout the semester and simply designed to encourage you to gather information for your research report. Your team wiki can be accessed through MyUni. Wiki activities must be completed before your tutorial the following week. For instance, in Week 2 you have a tutorial that covers material from Week 1 lecture. Following your tutorial and before the next tutorial (in Week 3) you must complete the wiki activity. Your tutor will check if you have contributed. Part of the overall assessment for the research report will be allocated for timely posting and discussion. The activities involve reading and discussing each other’s work so it is advisable to do it early in the week so you have time to engage in discussion. 

The Ethics LX simulation is an on-line activity. It is highly advisable to attend Week 4 lecture on ethics. In this lecture you will receive an additional handout with instructions on the simulation, in addition to a demonstration. It is expected that the simulation will take at least three hours (3) hours to complete although some take much longer. It is suggested that you do the simulation early to ensure you have it completed by the due date because when it closes it cannot be reopened.