2001 09 2019 Sydney City Session 3 Day PDF

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School of Business

200109 Corporate Accounting Systems Sydney City Session 3 2019

Unit Details Unit Code:

200109

Unit Name:

Corporate Accounting Systems

Credit Points:

10

Unit Level:

3

Assumed Knowledge:

Not Applicable

Note: Students with any problems, concerns or doubts should discuss those with the Unit Coordinator as early as they can.

Unit Coordinator Name: Dr Yong Li Email: [email protected] Consultation Arrangement: Please liaise directly with the academic teaching this unit regarding appropriate consultation times.

Unit Convenor (SCC) Name: Hemayet Uddin Email: [email protected] Consultation Arrangement: Please liaise directly with the academic teaching this unit regarding appropriate consultation times. Dedicated consultation times are posted on vUWS, However, it is usually best to make contact with these staff via email.

Program Convenor (SCC) Name: Neelam Goela Phone: 9964 6138 Email: [email protected] Consultation Arrangement: Please liaise directly with the academic teaching this unit regarding appropriate consultation times. Dedicated consultation times are posted on vUWS, However, it is usually best to make contact with these staff via email.

Director of Academic Program Name: Email:

Dr John McGuire (SCC Academic Director) [email protected]

Administrative Support Name: Phone: Location: Email:

SCC Administration team 8236 8037 Level 4, 255 Elizabeth St, Sydney City campus [email protected]

Edition: Sydney City Session 3 2019 Copyright 2019 c University Western Sydney trading as Western Sydney University ABN 53 014 069 881 CRICOS Provider No: 00917K No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without the prior written permission from the Dean of the School. Copyright for acknowledged materials reproduced herein is retained by the copyright holder. All readings in this publication are copied under licence in accordance with Part VB of the Copyright Act 1968.

Liaison Librarian Name: Phone: Email:

Danielle Joffe (Sydney City Librarian) - Dylan Cheung (Sydney City Library Technician) 9964 6352 [email protected] (Danielle) - [email protected] (Dylan)

Contents 1 About Corporate Accounting Systems 1.1 An Introduction to this Unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 What is Expected of You . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.3 Changes to Unit as a Result of Past Student Feedback . . . . . . . . . . . . . . . . . . . . . . . . .

2 2 2 2

2 Assessment Information 3 2.1 Unit Learning Outcomes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2.2 Approach to Learning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2.3 Assessment Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.4 Assessment Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2.4.1 Self-Assessment: Computer based diagnostic test (Compulsory completion in the first three weeks, with achievement of at least 70%. Multiple attempts permitted until due date) . . . . 6 2.4.2 Portfolio: Quizzes/Homework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2.4.3 Applied Project: Practical project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 2.4.4 Intra-session examination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.4.5 Final Exam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2.5 General Submission Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 3 Teaching and Learning Activities

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4 Learning Resources 15 4.1 Recommended Readings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Note: The relevant Learning Guide Companion supplements this document 1

1

About Corporate Accounting Systems

1.1

An Introduction to this Unit

This unit builds on the fundamental knowledge of accounting procedures gained in prerequisite units. It involves the comprehensive study of aspects of corporate accounting and reporting which are regulated by legislation, accounting standards, Australian Securities and Investment Commission and Stock Exchange requirements. This unit is designed to provide students with grounding in the regulation and practice of corporate reporting in Australia. The major orientation is towards the theoretical and practical aspects of corporate reporting, whilst at the same time exploring the reasons for regulatory disclosures.

1.2

What is Expected of You

Study Load A student is expected to study an hour per credit point a week. For example a 10 credit point unit would require 10 hours of study per week. This time includes the time spent within classes during lectures, tutorials or practicals. Attendance It is strongly recommended that students attend all scheduled learning activities to support their learning. Online Learning Requirements Unit materials will be made available on the unit’s vUWS (E-Learning) site (https://vuws.westernsydney.edu.au/). You are expected to consult vUWS at least twice a week, as all unit announcements will be made via vUWS. Teaching and learning materials will be regularly updated and posted online by the teaching team. Special Requirements Essential Equipment: Not Applicable Legislative Pre-Requisites: Not Applicable

1.3

Changes to Unit as a Result of Past Student Feedback

The University values student feedback in order to improve the quality of its educational programs. The feedback provided helps us improve teaching methods and units of study. The survey results inform unit content and design, learning guides, teaching methods, assessment processes and teaching materials. You are welcome to provide feedback that is related to the teaching of this unit. At the end of the semester you will be given the opportunity to complete a Student Feedback on Unit (SFU) questionnaire to assess the unit. You may also have the opportunity to complete a Student Feedback on Teaching (SFT) questionnaire to provide feedback for individual teaching staff. As a result of student feedback, the following changes and improvements to this unit have recently been made: – Assessments changes to ensure consistency amongest the financial stream in the naming of the same assessment task and the weighting of the task. – Practical project task weighting is changed from 40% to 20%. – Online quiz is changed to portfolio (quiz/homework) and weighting of the portfolio is 10%. – Mid-session exam is added into the assessment and weigthing of the mid-term exam is 20%. – Final exam weighting is changed from 60% to 50%.

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2 2.1

Assessment Information Unit Learning Outcomes

In line with its focus on achieving and assuring students’ skills in unit learning outcomes as listed below, this unit is responsible for assuring the following course-level learning outcomes (CLOs): CLO 4 Problem Solving: Propose a well-formulated solution to a professional or enterprise problem that considers wider professional or enterprise contexts (including global). The table below outlines the unit learning outcomes (ULOs) for this unit. Upon completion of this unit, students will be able to:

Outcome Assurance of Learning Information for Learning Guides The School of Business is currently working towards The Association to Advance Collegiate Schools of Business (AACSB) accreditation, an international business school accreditation. Address of the AACSB standards supports the School of Business to implement learning and teaching processes so that each course has learning goals that are relevant and appropriate. Additionally, the design and delivery of the curricula maximises the potential for students achieving expected course learning outcomes. Assurance of Learning (AoL) forms part of the accreditation standards for AACSB. Information regarding the Units that are involved in the AoL process for your course can be found at the following webpage https://www.westernsydney.edu.au/sob/business/accreditations/assurance of learning 1

Apply Australian Accounting Standards, International Accounting Standards and The Corporations Act insofar as they relate to reporting requirements of a reporting entity

2

Prepare financial statements in accordance with relevant accounting standards and Corporations Act

3

Apply appropriate disclosure requirements to annual reports

4

Apply reporting requirements for related and associated companies, joint ventures and company groups

5

Assess theoretical and ethical issues in corporate reporting and the reporting environment

2.2

Approach to Learning

At university level, the focus is on your self-directed search for knowledge. Online learning activities, tutorials, reading materials, other resources and exams are provided to help you learn. 1. Online learning sessions Online learnings sessions are a key element of your learning environment in this unit. The online sessions introduce the material covered during the week and each week topic is divided into several small sessions. The purpose of the online sessions is to set the framework by introducing topics, defining themes, directing reading in the textbooks and supplementary materials and the demonstrating new concepts. They are not simply a regurgitation of your textbook will be content and cannot possible explore comprehensively all the reading material. Students required downloading and/or printing their own copy of the online slides from vUWS. Online learning sessions will often include worked example questions that will assist students in their understanding of the practical aspects of the topic. Online learning sessions will prove more beneficial if you have completed the required reading for that topic prior to starting on learning activities. Weekly sessions will set the context for tutorial work and will also highlight the key concepts and skills that will form the basis upon which you will be assessed in examinations. You should learn all online sessions prepared to take notes and particularly identify any problems that you are having with the unit so that you can raise these issues in tutorials or during weekly consultation times. In some cases, online learning sessions may include examinable material not included in texts. Any such information is examinable, so it definitely pays to study all sessions. It is deemed that students have completed all online learning activities and are aware of all information presented in the online activities.

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Note: The purpose of online learning sessions/activities is not to tell you everything you need to know about the topic, this is for you to learn yourself. The university experience is best described as reading for a degree . Online sessions set the framework for your private study. You achieve the most benefit from those sessions by reading the relevant chapter in the textbook before learning each session, taking notes (don’t try to write down every word), reading the textbook again after those session, revisiting those sessions and revising your notes. You access online learning sessions within the unit’s vUWS site. Click the link to of the specific session you wish to access and the site will display. You then have the option to either stream the session or download it. You will need a high- speed/efficient internet connection to stream or download without delays. If you don’t have this at home, use the UWS IT labs to listen to the streamed sessions through headphones or download them to your USB storage. Streaming will allow you to listen to the audio and view slides without them being downloaded to your computer. Downloading to your hard disk or another drive will also take a little time, but you can then listen to the session as often as you like, and transfer it to a portable media device such as mp3 player (e.g. iPod) or flash drives for listening flexibility.

2. Tutorials Tutorials provide the opportunity for learning in a small class context. Tutorials drill down through the unit content to focus on application of your knowledge and building your ability to achieve the learning outcomes for this unit. There will be opportunities for you to engage in class discussions of the content area and thrash out ideas with your fellow students. Tutorials also will provide you with a continuous source of feedback on how you are progressing throughout the semester. The feedback is of your own making, though. You should ask questions during tutorial classes as difficult points are explained. Check key figures and, where you do not have the correct answer, reflect on why the solution may be different from yours. The greatest learning happens when you can clearly understand your thought processes and where they need to change or develop. Then it is up to you to incorporate what you learn through the process of trial and error into your future work. You will be expected to have completed specific reading and online learning activities prior to attending each tutorial class. If you have not prepared adequately, you will not get the full benefit from this learning opportunity. Again, tutorials are not intended to merely provide you with the content presented in the textbook, but rather to build on this knowledge to achieve practical application of concepts and skills developed in this unit. Tutorials should be interactive, dynamic and fun! But it is ultimately up to you as a student to make your tutorials valuable by coming prepared to contribute. Along with your online learning activities, tutorials are designed to help you develop the knowledge and skills that will form the basis upon which you will be assessed in examinations. But perhaps the most valuable aspect of tutorials is that you are free to make mistakes - so be prepared to take risks to try a new approach. It is only by having a go and making errors that we are able to learn from our mistakes and build our knowledge into wisdom. This requires three elements: imitation (practice); reflection and experience. You will be required to undertake a weekly quiz which will afford you the opportunity to check your knowledge. The intention here is to help you analyse questions and learn how to maximise marks by participating in the marking process and learning from mistakes. If you wait until you are in the examination room before you test your understanding you are playing a high stakes game! As tutorials are intended to be a key part of your learning in this unit, satisfactory attendance at tutorials (along with appropriate behaviour) is a necessary requirement for you to achieve an overall passing grade in the unit. Satisfactory attendance means arriving on time, staying the full duration of the class, being active in class discussions and activities, and being respectful of teachers and fellow students. Mobile phones cannot be used in any class. A tutor may require a student to leave a class if they believe it will assist the learning environment of other students.

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2.3

Assessment Summary

The assessment items in this unit are designed to enable you to demonstrate that you have achieved the unit learning outcomes. Completion and submission of all assessment items which have been designated as mandatory or compulsory is essential to receive a passing grade. To pass this unit you must: - Complete all assessment items. - Achieve an overall mark of at least 50 per cent. - Achieve a mark of 70 per cent in the computer based diagnostic test assessment. - Achieve the threshold pass mark in the final examination. Note: It is recommended that students complete all available assessment elements in order to maximise marks. An automatic Fail Non - Submission grade will be awarded if any assessment task is not submitted/completed as per the details specified. Item

Weight

Due Date

ULOs Assessed

Threshold

Self-Assessment: Computer based diagnostic test (Compulsory completion in the first three weeks, with achievement of at least 70%. Multiple attempts permitted until due date)

S/U

Diagnostic test will be available on vUWS at 9:00am on Monday, 04 November (week 1) and will be due by 5:00pm on Friday, 22 November (week 3).

N/A

Yes

Portfolio: Quizzes/Homework

10%

Homework/quizzes will be available on vUWS at 9:00am on Monday and will be generally due by 9:00am on Monday in the following teaching week.

1, 2, 3, 4, 5

No

Applied Project: Practical project

20%

Friday 24 January 2020 (week 12). (Submit electronically to vUWS prior to 5:00pm).

1, 2, 3, 4, 5

No

Intra-session examination

20%

Week 7 in tutorial class

1, 3

No

Final Exam

50%

During the formal examination period

1, 3, 4

Yes

Feedback on Assessment Feedback is an important part of the learning process that can improve your progress towards achieving the learning outcomes. Feedback is any written or spoken response made in relation to academic work such as an assessment task, a performance or product. It can be given to you by a teacher, an external assessor or student peer, and may be given individually or to a group of students. As a Western Sydney University student, it is your responsibility to seek out and act on feedback that is provided to you as a resource to further your learning. The Assessment Policy provides that assessment feedback is available to students in a timely way. Your lecturer/tutor will normally provide you with your mark and written feedback within two to three weeks of the submission date, given that your assessment is submitted on the due date. Before you receive your results for each piece of assessment they may be moderated. Moderation is a process whereby the unit coordinator regulates the marking of individual markers to achieve consistency in the application of unit objectives, performance standards and marking criteria. You should note that, consistent with the Criteria and Standards Based Assessment policy, the final marks for the cohort may be also adjusted if marks are very high or low or there are inconsistencies between teams. Marks for an individual piece of assessment will not be changed after you have your moderated results.

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2.4

Assessment Details

2.4.1

Self-Assessment: Computer based diagnostic test (Compulsory completion in the first three weeks, with achievement of at least 70%. Multiple attempts permitted until due date)

Weight:

S/U

Type of Collaboration:

Individual

Due:

Diagnostic test will be available on vUWS at 9:00am on Monday, 04 November (week 1) and will be due by 5:00pm on Friday, 22 November (week 3).

Submission:

Online

Format:

The diagnostic test will involves multiple choice and/or short answers and/or calculation and provides 40 questions with 90 minutes’ time limit

Length:

90 minute...