Session 1 2018
Faculty of Business, Justice and Behavioural Sciences
School of Accounting and Finance
Internal Mode
Welcome to a new session of study at Charles Sturt University. Please refer to the University’s Acknowledgement of Country (http://student.csu.edu.au/study/acknowledgement-of-country).
Consultation procedures
Any questions concerning the teaching of this subject can be made by contacting your Subject Lecturer.
Lecturer Name : Atul Chugh
Lecturer Email : AChugh@studygroup.com (mailto:AChugh@studygroup.com)
Email is the best option. Please send a brief message regarding the issue and include the subject name and subject code in your email. It really helps to know which class you belong to, before I respond to your query. If your query is urgent then meet with your respective Course Coordinator on Level 4.
Class times and location
General Timetable as below will be available at the following website before the start of 201830 semester, which can be accessed on any Mobile Phone or IPAD:
If you cannot contact your Subject Coordinator, please contact your teaching team using the contact details and consultation procedures provided on your Interact2 subject site.
What is your subject about? A brief overview
This subject, which builds upon the introduction to financial accounting provided in the prerequisite subject, begins with an introduction to the regulatory environment for financial reporting and an overview of the conceptual framework for financial reporting principles and standards. The major focus is the form and content of published financial reports and the application of generally accepted accounting principles and specific financial reporting standards relating to concepts of recognition, measurement, disclosure, revaluation and impairment of financial statement elements.
Learning outcomes
On successful completion of this subject, you should:
be able to prepare basic financial statements for reporting entities;
be able to discuss critically and comprehensively the statutory and professional requirements upon which published financial statements are based;
be able to explain the form and content of financial statements;
be able to interpret and apply generally accepted accounting principles and specific financial
Charles Sturt University Subject Outline
ACC514 201830 SM I-26 January 2018-Version 1 Page 1 of 33
reporting standards relating to concepts of recognition, measurement, disclosure, revaluation and impairment of key financial statement elements.
Pass Requirements
You must obtain at least 50% in both the examination and the total mark in order to pass this subject.
To be eligible for the grade AA or AE you must have submitted all assessment items in the subject, including the final exam. If you choose not to complete an assessment item or do not sit the final exam then you will not be granted an AA or an AE grade.
Key Subjects
Passing a key subject is one of the indicators of satisfactory academic progress through your course. You must pass the key subjects in your course at no more than two attempts. The first time you fail a key subject you will be 'at risk' of exclusion; if you fail a second time you will be excluded from the course.
The Academic Progress Policy (https://policy.csu.edu.au/view.current.php?id=00250) sets out the requirements and procedures for satisfactory academic progress, for the exclusion of students who fail to progress satisfactorily and for the termination of enrolment for students who fail to complete in the maximum allowed time.
Assumed knowledge
Academic integrity means acting with honesty, fairness and responsibility, and involves observing and maintaining ethical standards in all aspects of academic work. This subject assumes that you understand what constitutes plagiarism, cheating and collusion. If you are a new student we expect you to complete the modules called Academic Integrity at CSU (https://interact2.csu.edu.au/webapps/blackboard/execute/courseMain?course_id=_16412_1&task=true
Prescribed Text
There are two prescribed texts for this subject:
1. Interactive online text (in WileyPlus Learning Space with ORION and E-Text) : Loftus, J., Leo, K., Boys, N., Daniliuc, S., Boys, N., Luke, B., Ang, H.N., & Byrnes, K. (2018). Financial Reporting. (2nd edition). Brisbane: John Wiley & Sons Ltd. Learn more about this interactive online textbook here: https://www.youtube.com/embed/bABJbUw9V60
and
2. Print/Bound copy : CAANZ Financial Reporting Handbook 2016 or 2017. Brisbane: John Wiley & Sons Ltd. Please note, that the text that you are allowed to take into the exam at the end of the session is the Financial Reporting Handbook 2016 or 2017 (print/bound version only), unmarked except for tagging, underlining, and highlighting. Brief captions (such as 'AASB 101' or 'Presentation') are allowed on the tags only.
You can purchase these texts together in a value pack from Wiley Direct:
1. WileyPLUS Learning Space with ORION + E-Text; and
2. Print copy of the CAANZ Financial Reporting Handbook 2017 Australia.
Note: As the above texts are used in both ACC514 and ACC567. It is recommended that you enrol in ACC567 in the session after you complete ACC514 to ensure that these textbooks are still current. If you do not enrol in ACC567 in the next session, you will need to purchase new texts if the texts used in ACC567 have been updated.
The textbooks required for each of your enrolled subjects can also be found via the Student Portal Textbooks (http://student.csu.edu.au/study/study-essentials/textbooks) page.
Charles Sturt University Subject Outline
ACC514 201830 SM I-26 January 2018-Version 1 Page 2 of 33
Schedule
The learning activities for each topic include:
1. Reviewing the:
topic notes in Interact ‘Topics’.
topic PowerPoint slides.
2. Completing the:
textbook and handbook readings as directed in the 'Topic' notes.
review questions and forum activities / discussion questions as detailed in the Interact ‘Topic’ notes.
revision 'Practice Quizzes' in WileyPlus.
3. Attending 3 hours weekly lectures scheduled during the session.
Session
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Week
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Topics
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Learning activities* / Notes
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Week
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Commencing
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1
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26 February 2018
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1. Introduction to the
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Online test 1 and 2 due: 4 March 2018
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regulatory environment
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for financial reporting
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Complete: Topic 1 and pre-workshop study material for
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and the Conceptual
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Topic 2
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Framework
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2
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5 March 2018
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2. Financial statement
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Note: after completing topics 1 and 2 you will need to
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presentation
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commence work on assignment 1 (newsletter)
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Online test 3 due: 11 March 2018
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Complete: Topic 2 and pre-workshop study material for
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Topic 3
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3
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12 March 2018
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3. Financial statement
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Online test 4 due: 18 March 2018
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disclosures
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Complete: Topic 3 and pre-workshop study material for
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Topic 4
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4
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19 March 2018
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4. Accounting for share
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Census date: 23 March 2018
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capital and reserves
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Online test 5 due: 25 March 2018
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Complete: Topic 4 and pre-workshop study material for
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Topic 5
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5
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26 March 2018
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5. Accounting for
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Online test 6 due: 1 April 2018
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income tax
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Complete: Topic 5 and pre-workshop study material for
Topic 6
Charles Sturt University Subject Outline
ACC514 201830 SM I-26 January 2018-Version 1 Page 3 of 33
2 April 2018
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6. Accounting for
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Assignment 1 due: 6 April 2018
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property, plant and
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equipment
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Complete: Topic 6 and pre-workshop study material for
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Topic 7
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7 9 April 2018Mid-session break
8
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16
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April 2018
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Mid-session break
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Online test 7 due: 22 April 2018
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9
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23
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April 2018
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7. Accounting for
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Online test 8 due: 29 April 2018
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impairment of assets
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Complete: Topic 7 and pre-workshop study material for
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Topic 8
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10
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30
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April 2018
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8. Accounting for
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Assignment 2 due: 4 May 2018
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intangible assets
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Online test 9 due: 6 May 2018
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Complete: Topic 8 and pre-workshop study material for
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Topic 9
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11
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7 May 2018
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9. Accounting for
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Online test 10 due: 13 May 2018
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liabilities, provisions,
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contingent liabilities and
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Complete: Topic 9 and pre-workshop study material for
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contingent assets
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Topic 10
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12
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14
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May 2018
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10. Preparation of a
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Complete: Topic 10 and pre-workshop study material
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statement of cash flows
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for Topic 11
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13
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21
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May 2018
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11. Introduction to
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Complete: Topic 11
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business combinations
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14
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28 May 2018
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Revision
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15
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4 June 2018
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Exam week 1
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16
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11 June 2018
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Exam week 2
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Please see below Additional/Replacement Class Requirements for this session: Classes running on the following Public Holidays should have a replacement class:
- Friday 30th March 2018 (Good Friday)
- Monday 02nd April 2018 (Easter Monday)
- Wednesday 25th April 2018 (ANZAC Day)
Subject Content
Information regarding the content of this subject is outlined above in the Schedule.
Charles Sturt University Subject Outline
ACC514 201830 SM I-26 January 2018-Version 1 Page 4 of 33
Class/tutorial times and location
If you are enrolled in an internal offering of this subject, your class times can be found at Timetable @ CSU (http://timetable.csu.edu.au). If you are enrolled in the online offering of the subject, this timetable will not apply. Find out how to use Timetable @ CSU via the Student Portal Class Timetable (http://student.csu.edu.au/study/study-essentials/timetable) page.
Learning, teaching and support strategies
This subject has been designed to allow you to engage with each topic before your regular face-to-face class with your lecturer. To maximise your understanding of this subject it is extremely important that you work through the topic content, prescribed readings and complete the required 'Online Test' assessment tasks before your timetabled class. In our 3 hour class, we will then work through a variety of practical examples and activities, applying the knowledge that you have gained in the pre-class learning activities.
As you work through each topic before your class, you should read the learning outcomes carefully, read the overview, and read the sections of the text and handbook as directed. Once you have got a feel for what the topic is about, try and make a good set of notes and highlight/flag relevant sections in your Financial Reporting Handbook (note: you should not write in your handbook - please refer to 'Assessment' information for further information).
Assessment task 1, which consists of 10 online tests, has been designed to ensure that you are engaging with the subject regularly, and completing the pre-class learning activities before your timetabled class. If you don’t attempt the first test, I may contact you to have a talk about your studies and progress in this subject.
You should check the Interact2 Site at least weekly for postings, announcements, lecture information and other resources that will assist your studies or additional information and resources vital to your success in the subject.
Information on effective time management is available on the CSU Learning Support website via the following link: student.csu.edu.au
You can also contact an adviser through Student Central on the following number:
1800 275 278 (or +61 2 6933 7507 from outside Australia).
Library Services
The CSU Library website provides access to online material and print, using Primo Search to find online journal articles, eBooks, hardcopy books from CSU Library (see Library Manager for Interlibrary Loan Requests), company & government reports, eJournals, dissertations, theses, newspapers including Business & Financial newspapers in Factiva (See Business & IT Journal Databases), and other reference resources (eg. Australian Bureau of Statistics, Australian standards, online encyclopaedias & dictionaries to be read on the computer). You will also find library guides, Subject Reserve for any readings eg. ITC100, ACC100, etc., and online assistance to help you use the Library's resources such as Ask a Librarian – Live Chat and Ask a Librarian - Web Form.
You can find Library Services on both the SGA library online catalogue:
The SGA library online catalogue allows students to Sign In, My Account shows student’s current library record including all books on loan, Renew your borrowed books online before the due date, also Search and Request all books in the SGA library, even if unavailable due to high demand from students. Students can Request books when all books are on loan to other students. When the requested book is returned to the SGA library, the student who requested the book receives an email immediately to pick up the book from the SGA library. View your library record online 24/7 at the above web link for SGA library.
Charles Sturt University Subject Outline
ACC514 201830 SM I-26 January 2018-Version 1 Page 5 of 33
http://student.csu.edu.au/library - CSU Library Services including Primo Search & Subject Reserve online with 24/7 access, online and video tutorials in research skills, finding journal articles for assignments, topic analysis, download Endnote referencing program and many other online library services to help you successfully complete your assignments for all CSU courses.
http://trove.nla.gov.au/ - Powerful search engine from National Library of Australia to access many different online resources on any subject from one search.
Contact Details for renewing loans, locating books and other information:
SGA Melbourne Library:
Marian Lees - Director, Library Services
Ph: (03) 9935 7921
Email: MLees@studygroup.com (mailto:MLees@studygroup.com)
Library Help
http://student.csu.edu.au/library/help-contacts Friendly and quick assistance is available. Ask for help finding information and navigating the library's extensive eResources.
Online Tutorials
Learn how to:
• use Primo Search to find eReserve material and journal articles
• search journal databases and web resources for information for your assessments
• identify appropriate sources of information and peer reviewed material, and evaluate resources.
Bookmark your Subject Library Resource Guide
Subject Library Guides are a great way to get started with research. Each online guide is tailored to a specific area of study, including Accounting, Business & Information Technology outlining how to research in your area and where to look for information.
Academic Learning Support Assistance
Visit the learning support website for advice about assignment preparation, academic reading and note-taking, referencing, and preparing for exams at: http://student.csu.edu.au/study
You may also contact:
Name: Monique Moloney
Email: MMoloney@studygroup.com (mailto:MMoloney@studygroup.com)
Phone: (03) 9935 7919
Name: Bethany Winkler
Email: BWinkler@studygroup.com (mailto:BWinkler@studygroup.com)
Phone: (03) 9935 7953
Name: Gail Ekici
Email: GEkici@studygroup.com (mailto:GEkici@studygroup.com)
Phone: (03) 9935 7965
Name: James Purkis
Email: JPurkis@studygroup.com (mailto:JPurkis@studygroup.com)
Phone: (03) 9935 7925
For appointments, please send an email CSUstudysupportmc@studygroup.com (mailto:CSUstudysupportmc@studygroup.com)
Queries regarding the content of this subject should be directed to your subject lecturer.
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