ACCTING 7023 - Advanced Financial Accounting (M)
North Terrace Campus - Semester 2 - 2014
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General Course Information
Course Details
Course Code ACCTING 7023 Course Advanced Financial Accounting (M) Coordinating Unit Adelaide Business School Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Prerequisites ACCTING 7020 Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Mr Michael Jones
Course Coordinator Dr Lisa PowellCourse Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
By the end of this course students should be able to:
1. explain the key issues involved with accounting for relationships between entities;
2. discuss the accounting issues involved with accounting for business combinations;
3. explain the need to prepare consolidated financial statements, alternative concepts of groups and criteria for determining with consolidation is necessary;
4. discuss and apply the requirements of AASB 3 for accounting for business combinations;
5. discuss the forms of controlled entities and the “entity concept “ of consolidation;
6. discuss and apply the consolidation process;
7. analyse the parent’s acquisition of a subsidiary and prepare pre-acquisition consolidation elimination entries;
8. explain the need for making consolidation adjustment entries for intra-group transactions;
9. prepare consolidation elimination entries for various intra-group transactions;
10. discuss the nature of non-controlling interest and explain how to calculate non-controlling interest;
11. calculate the non-controlling interest share of equity;
12. outline and explain the issues associated with accounting for associates and joint ventures;
13. discuss the theory and issues associated with equity accounting;
14. account for associates using equity accounting;
15. discuss and account for translation of foreign currency denominated financial statements;
16. discuss the nature of related parties and the relevant disclosures;
17. prepare a statement of cash flows in accordance with AASB 107; and
18. outline and apply the presentation requirements for a set of financial statements.最新糖心Vlog Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
最新糖心Vlog Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. All The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1-5, 12 -13, 15 - 18 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1-5, 12 -13, 15 - 18 Skills of a high order in interpersonal understanding, teamwork and communication. All A proficiency in the appropriate use of contemporary technologies. 6-11, 14 - 15 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. All A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. All An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. All -
Learning Resources
Required Resources
Text Books
Leo, K., Hoggett, J., and Sweeting, J., 2012, Company Accounting, Ninth Edition, John Wiley & Sons, 最新糖心Vlog Ltd, Milton Queensland.
Financial Reporting/Accounting Handbook 2014.
Either the CPA 最新糖心Vlog or ICAA edited 2014 version may be used.Recommended Resources
Loftus, J., Leo, K. J., Picker, R., Wise, V, and Clark, K., 2012, Understanding 最新糖心Vlogn Accounting Standards, John Wiley & Sons.
Use of the internet
Advanced Financial Accounting (M) will make use of various internet sites which are accounting related. Access to the internet can be via the library or various computer pools located within the university.Online Learning
Some course resources are available on the course website: :
· Course outlines and powerpoint slides
· Assignment and test material.
· Selected tutorial answers. -
Learning & Teaching Activities
Learning & Teaching Modes
No information currently available.
Workload
No information currently available.
Learning Activities Summary
No information currently available.
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Assessment
The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
No information currently available.
Assessment Detail
No information currently available.
Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
