lOMoARcPSD|11527338

BUSN2015 Course Outline

Company Accounting (Australian National University)

Scan to open on Studocu

Studocu is not sponsored or endorsed by any college or university

Downloaded by yhs yhs ([email protected])
 lOMoARcPSD|11527338

ANU College of Business and Research School of Accounting

Economics
Mail Building 26C Building 21
Australian National University Australian National University
Canberra ACT 2601 Canberra ACT 2601
Student Office Room 2.01 (Level 2) Room 2037 (Level 2)
ANU CBE Building 26C Hanna Neumann Building 21
Phone Within 1300 732 120 (local call cost only) 02 6125 0025
Australia +61 2 6125 3807 +61 2 6125 0025
International
Fax Within 02 6125 0744 02 6125 4310
Australia +61 2 6125 0744 +61 2 6125 4310
International
Email [email protected] [email protected]

BUSN2015

Company Accounting
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.

Course URL http://programsandcourses.anu.edu.au/2017/course/BUSN2015

Mode of Delivery On campus
Prerequisites To enrol in this course you must have completed BUSN1002
Incompatible Courses N/A
Co-taught Courses N/A
Course Convenor /
Dr Sorin Daniliuc
Lecturer (Weeks 7-12)
Phone +61 2 6125 1435
Email [email protected]
Hanna Neumann Building, Room 2028 / CBE Building, Room
Office
2.41
Office hours for
To be announced on the Wattle course site
student consultation
Sorin’s research interests include corporate governance,
Research Interests
corporate restructuring and mergers and acquisitions.
Lecturer (Weeks 1-6) Dr Xiu-Ye Zhang

1 | THE AUSTRALIAN NATIONAL UNIVERSITY

Downloaded by yhs yhs ([email protected])

 lOMoARcPSD|11527338

Phone(s) +61 2 6125 0180

Email(s) [email protected]
Office PAP Moran Building, Room 2045
Office hours for
To be announced on the Wattle course site
student consultation
Xiu-Ye’s research interests lie broadly in financial reporting,
Research Interests financial analyses, internal control, corporate governance, and
corporate social responsibility

Room 2037 Hanna Neumann Building 21

Student [email protected]
Administration 6125 0025 or 6125 7968
Office Hours: Monday-Friday 9-5 pm

SEMESTER 2

2017

2 | THE AUSTRALIAN NATIONAL UNIVERSITY

Downloaded by yhs yhs ([email protected])

 lOMoARcPSD|11527338

COURSE OVERVIEW

Learning Outcomes

On satisfying the requirements for this course, students should have:

 Outcome 1: An understanding of the regulatory environment in which the companies are
formed and operate in Australia.
 Outcome 2: A foundation in accounting and reporting requirements of the Corporations Act
and relevant Australian Accounting Standards Board (AASB) accounting standards.
 Outcome 3: An understanding of the advanced issues in accounting for assets, liabilities and
owners’ equity.
 Outcome 4: The ability to account for a range of advanced financial accounting issues.
 Outcome 5: 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.
 Outcome 6: The ability to prepare consolidated accounts for a corporate group.
 Outcome 7: An understanding of the basic principles of accounting for investments in
associates.
 Outcome 8: The ability to analyse complex issues, to formulate well reasoned and coherent
arguments and to reach well considered conclusions.
 Outcome 9: The ability to communicate effectively both verbally and in writing.

Assessment Summary

Date for Return of Linked Learning

Assessment Task Value Due Date
Assessment Outcomes

Weeks
1. Tutorial Quizzes 10% Weeks 4, 6, 9, 11 Outcomes 1-9
3, 5, 8, 10

By 4pm,
2. Group Assignment 15% During week 12 Outcomes 1, 2, 8, 9
04/10/2017

3. Mid Semester During

25% During week 10 Outcomes 1-4
Examination week 7

Final exam
4. Final Examination 50% 30/11/2017 Outcomes 1-9
period

The mid semester and final examinations are compulsory and should be attempted.

Research-Led Teaching

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.

3 | THE AUSTRALIAN NATIONAL UNIVERSITY

Downloaded by yhs yhs ([email protected])

 lOMoARcPSD|11527338

Feedback

Staff Feedback

Students will be given continuous feedback about their performance in the course in the following
forms:

 Written comments
 Verbal comments
 Feedback to the whole class.

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from
students. One of the key formal ways students have to provide feedback is through Student
Experience of Learning Support (SELS) surveys. 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.

For more information on student surveys at ANU and reports on the feedback provided on ANU
courses, go to:

http://unistats.anu.edu.au/surveys/selt/students/ and
http://unistats.anu.edu.au/surveys/selt/results/learning/

Policies

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. You can find
the University’s education policies and an explanatory glossary at: http://policies.anu.edu.au/

Students are expected to have read the Academic Misconduct Rule before the commencement of
their course.

Other key policies include:

 Student Assessment (Coursework) Policy

 (https://policies.anu.edu.au/ppl/document/ANUP_004603)
 Student Assessment (Coursework) Procedure
 (https://policies.anu.edu.au/ppl/document/ANUP_004604)
 Student Surveys and Evaluations
 (https://policies.anu.edu.au/ppl/document/ANUP_004601)
 Copyright (http://copyright.anu.edu.au/)

Examination material or equipment

You will be permitted to bring in the examination room only a non-programmable calculator and an
English/foreign language dictionary with written approval from the School. For the dictionary approval
form, visit https://www.rsa.anu.edu.au/rsa/current-students/forms-and-coversheets/

4 | THE AUSTRALIAN NATIONAL UNIVERSITY

Downloaded by yhs yhs ([email protected])

 lOMoARcPSD|11527338

READING LISTS

Prescribed Text

Loftus, J., Leo, K., Boys, N., Daniliuc, S., Luke, B., Ang, H. and Byrnes, K., 2015. Financial Reporting,
1st ed, Wiley.

The text is available at the Co-op bookshop on campus or can be purchased online directly from the
publisher via http://www.wileydirect.com.au/buy/financial-reporting-1st-edition/. You can also buy
the digital version (e-book) of the text from the publisher using the above link for a very
affordable price.
The text is subject to copyright laws in Australia and, as such, photocopying of any parts of it is
restricted under law. Photocopies of the text brought to the class will be confiscated.

Recommended Readings

Leo, K., Knapp, J., McGowan, S. and Sweeting, J., 2015. Company Accounting, 10th ed, Wiley.

Deegan, C., 2016. Financial Accounting, 8th ed, McGraw-Hill Irwin.

Chartered Accountants Australia and New Zealand, Financial Reporting Handbook 2016, Wiley.

COURSE SCHEDULE

Week Summary of Activities Readings Assessment

1 Accounting regulation and the conceptual framework Chapter 1

Chapter 16
2 Corporate reporting and disclosure Chapter 18
Chapter 21
Chapter 5
Accounting for property, plant, and equipment and
3 Chapter 6 Tutorial quiz 1
intangibles
Chapter 7

4 Accounting for leases Chapter 10

5 Accounting for income tax Chapter 12 Tutorial quiz 2

Provisions and contingent liabilities Chapter 8
6
Share capital and reserves Chapter 13
Introduction to business combinations and Chapter 25 Mid-semester
7
consolidation Chapter 26 exam
8 Accounting for wholly-owned subsidiaries Chapter 27 Tutorial quiz 3
Group
9 Accounting for intra-group transactions Chapter 28
assignment
10 Accounting for non-controlling interest Chapter 29 Tutorial quiz 4

11 Accounting for equity investments I Chapter 31

12 Accounting for equity investments II Chapter 31

5 | THE AUSTRALIAN NATIONAL UNIVERSITY

Downloaded by yhs yhs ([email protected])

 lOMoARcPSD|11527338

ASSESSMENT REQUIREMENTS

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 ANU Online website.

Students may choose not to submit assessment items through Turnitin. In this instance you will be
required to submit, alongside the assessment item itself, copies of all references included in the
assessment item.

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.

Assessment Tasks

Assessment Task 1: Tutorial Quizzes

Due date Weeks 3, 5, 8 and 10, testing the topics not tested in previous
quizzes
Value (%) 10%
Duration 10 minutes
Instructions Short multiple choice quizzes to be held at the end of tutorials. It is
important that you turn up to each tutorial on time, and that you are
well prepared. The average mark of those tutorial quizzes will be
taken into consideration in the calculation of your raw overall mark.

Note: This is considered to be an item of assessment, and hence it

is your responsibility to turn up to each tutorial on time.

Purpose To test your understanding of the topics covered.

Estimated return date Weeks 4, 6, 9 and 11

Assessment Task 2: Group Assignment

Due date 04/10/2017 (by 4pm)

Value (%) 15%
Suggested length 3000 words
Instructions To be announced in Lecture 3
Purpose To test the attainment of Learning Outcome 1, 2, 8 and 9
Marking criteria To be announced in Lecture 3
Estimated return date Week 12

6 | THE AUSTRALIAN NATIONAL UNIVERSITY

Downloaded by yhs yhs ([email protected])

 lOMoARcPSD|11527338

Assignment submission

Online submission: Assignments are submitted using Turnitin in the course Wattle site. You will be
required to electronically sign a declaration as part of the submission of your assignment.
Assignments must include the RSA cover sheet. Please keep a copy of tasks completed for your
records. Please keep a copy of the assignment for your records.

Extensions and penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment
(Coursework) Policy and Procedure.

The Course Convener may grant extensions for assessment pieces that are not examinations or take-
home examinations. If you need an extension, you must request it 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.

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.

Returning Tutorial Quizzes and Assignments

During teaching periods, marked tutorial quizzes and assignments will be handed back in tutorials. At
the end of semester students should follow the tutor’s instructions regarding where to collect
assignments from. After this, quizzes and assignments will be available for collection from the Course
Convener.

REFERENCING REQUIREMENTS

Any referencing style is accepted, as long as you are consistent.

EXAMINATIONS

Mid Semester Examination

The mid semester examination will be held during the week beginning on September 18 and will
involve a 2 hour paper, plus a 10 minute reading time. The examination will be based on the topics
scheduled in Weeks 1 to 5 inclusive. The examination will be closed book.

Final Examination

The final examination will involve a 3 hour paper, plus a 15 minute reading time. The examination will
be based on the topics scheduled in Weeks 1 to 12 inclusive. The examination will be closed book.

Mid-semester Examination and Final Examination Script Viewing Sessions

Students’ exam script books are made available for individual inspection at advertised times following
the release of results. Notices will be posted on the RSA website and on the course website on Wattle
once the session times and venues are confirmed. Question papers and multiple choice answer
sheets are not made available in these sessions. Students will need to provide their ANU student ID
card to view their exam.

7 | THE AUSTRALIAN NATIONAL UNIVERSITY

Downloaded by yhs yhs ([email protected])

 lOMoARcPSD|11527338

Scaling

Your final mark for the course will be based on the raw marks allocated for each of your assessment
items. However, your final mark may not be the same number as produced by that formula, as marks
may be scaled. Any scaling applied will preserve the rank order of raw marks (i.e. if your raw mark
exceeds that of another student, then your scaled mark will exceed the scaled mark of that student),
and may be either up or down.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of
each online database is conditional on student end users first agreeing to the database licensor’s
terms of service and/or privacy policy. Students should read these carefully.

In some cases student end users will be required to register an account with the database licensor
and submit personal information, including their: first name; last name; ANU email address; and other
information.

In cases where student end users are asked to submit ‘content’ to a database, such as an assignment
or short answers, the database licensor may only use the student’s ‘content’ in accordance with the
terms of service – including any (copyright) licence the student grants to the database licensor.

Any personal information or content a student submits may be stored by the licensor, potentially
offshore, and will be used to process the database service in accordance with the licensors terms of
service and/or privacy policy.

If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the
student will not be able to access and use the database. In these circumstances students should
contact their lecturer to enquire about alternative arrangements that are available.

TUTORIAL / SEMINAR REGISTRATION

Tutorial signup for this course will be done via the Wattle website. Detailed information about signup
times will be provided 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.

SUPPORT FOR STUDENTS

The University offers a number of support services for students. Information on these is available
online from http://students.anu.edu.au/studentlife/

8 | THE AUSTRALIAN NATIONAL UNIVERSITY

Downloaded by yhs yhs ([email protected])