BX3011 CBLG TR2 2021-Subject-Outline PDF

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Summary

Subject outline for the academic year of 2021...

Description

Subject Outline Subject Name

Corporate Financial Accounting

Subject Code

BX3011

Credit Points

3

Study Period

Trimester 2 2021

Study Mode

Internal/External

Campus

Cairns and Townsville

Subject Coordinator/Division /College

Dr Dale Wadeson Division of Tropical Environments & Societies College of Business, Law & Governance

We acknowledge the Traditional Owners of the lands and waters where our University is located and actively seek to contribute and support the JCU Reconciliation Statement, which exemplifies respect for Australian Aboriginal and Torres Strait cultures, heritage, knowledge and the valuing of justice and equity for all Australians. © Copyright 2021 This publication is covered by copyright regulations. Apart from any fair dealing for the purpose of private study, research, criticism, or review as permitted under the Copyright Act, no part may be reproduced by any process or placed in computer memory without written permission.

Subject Outline preparation This Subject Outline has been prepared by Dr Dale Wadeson for the College of Business, Law & Governance, Division of Tropical Environments & Society, James Cook University. Updated 5th February 2021. Q1. This subject is offered across more than one campus and/or mode and/or study period within the one calendar year.

Yes ☒

No ☐

Q2. If yes (Q1), the design of all offerings of this subject ensure the same learning outcomes and assessment types and weightings.

Yes ☒

No ☐

Q3. If no (Q2), Academic Head Accounting has authorised any variations, in terms of equivalence.

Subject Outline peer reviewer Name

Dr Chris Durden

Position

AProf Accounting

Date reviewed

5th February 2021

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Teaching Staff contact details Teaching team Subject Coordinator

Staff member

Dr Dale Wadeson

Room

A1.234

Townsville & External: Ian Burnett Lecturer

Cairns:

Phone

Email

4232 1090

[email protected]

Ian: 4781 4250

[email protected]

Andrea: N/A

Learning Advisors

The Learning Centre

JCU Library

Business Online

Greg Walsh

B28:224

N/A

Email for appointment

N/A

Andrea Cotten

Consultation times*

[email protected]

Online contact form

07 4781 6382

Visit Learning Advice Desk – JCU Library

[email protected]

*Other consultation times by appointment only.

Student Support The Student Support Officers (SSO) provides private and confidential, personalised support to first year students. SSOs provide advice, advocacy and referrals to University services. They work with students to help them achieve their educational goals, and to succeed at university by offering timely information and support when it's needed. Make an appointment with your SSO by contacting Rachel or Natasha. Business Online responds to requests for assistance with all learning technology and associated issues. Support is provided for LearnJCU, Pebble Pad, Blackboard Collaborate, recording presentations, Respondus LockDown Browser and Monitor, online exams, and other learning technologies. Help and Support is available please contact: [email protected] For more student support services and related information look in the Support Folder menu item on all LearnJCU subject sites.

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Contents 1

2

3

4

Subject at a glance ...................................................................................................................................... 5 1.1

Student participation requirements ........................................................................................................ 5

1.2

Key dates .................................................................................................................................................. 6

Subject details .............................................................................................................................................. 6 2.1

Subject description................................................................................................................................... 6

2.2

Subject learning outcomes and course learning outcomes .....................................................................6

2.3

Learning and teaching in this subject....................................................................................................... 7

2.4

Student feedback on subject and teaching .............................................................................................. 7

2.5

Subject resources and special requirements ........................................................................................... 7

Assessment details ..................................................................................................................................... 8 3.1

Requirements for successful completion of subject ................................................................................ 8

3.2

Assessment items.....................................................................................................................................9

Submission and return of assessment ............................................................................................. 11 4.1

Submission of assessment ..................................................................................................................... 11

4.2

Late submissions .................................................................................................................................... 11

4.3

Special Consideration (including deferrals and extensions) ..................................................................11

4.4

Declaration of Assessment .....................................................................................................................12

4.5

Return of assessment and feedback ......................................................................................................12

4.6

Review of assessment ............................................................................................................................ 12

5

Subject calendar ....................................................................................................................................... 13

6

Appendix A: Assessment Methods .................................................................................................... 15

7

Appendix B: Rubric for Group Report ............................................................................................. 24

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1

Subject at a glance

1.1 Student participation requirements The JCU Learning, Teaching and Assessment Procedure (2.1.2d) indicates a typical student workload for a three (3) credit point subject requires a 130 hour work load of study related activities, including attendance, assessment and self-directed study over the duration of the subject with equivalency across all modes of delivery. Note that attendance at specified classes will be a mandatory requirement for satisfactory completion of some subjects (Learning, Teaching and Assessment Procedures, 3.1.8e); and that additional hours may be required per week for those students in need of English language, numeracy or other learning support. Key subject activities

Time

Weekly Lecture Recordings and readings Recorded topic overviews and readings provided on the LearnJCU site each week Internal Workshop (2 hours per week face to face for Internal students) External Online Workshop (6 x 11/2 hour LearnJCU Collaborate sessions; see schedule below)

Day and date

Room/Location

View lecture content recordings and undertake readings on LearnJCU prior to participating in the workshop Townsville Internal: Tuesday 3-5pm Room 134-130 (weeks 1-6) and Room 028-004 (weeks 7-10) Cairns Internal: Tuesday 3-5pm Room A1.016 (weeks 1-6) and Room A1.014 (weeks 7-10) Refer to JCU Timetable 2021

External Workshop Session Schedule: Online Workshop 1

Wednesday 2nd June 2021: 6 – 7.30pm Learn JCU Collaborate

Online Workshop 2

Wednesday 16th June 2021: 6 – 7.30pm Learn JCU Collaborate

Online Workshop 3

Wednesday 30th June 2021: 6 – 7.30pm Learn JCU Collaborate

Online Workshop 4

Wednesday 14th July 2021: 6 – 7.30pm Learn JCU Collaborate

Online Workshop 5

Wednesday 28th July 2021: 6 – 7.30pm Learn JCU Collaborate

Online Workshop 6

Wednesday 11th August 2021: 6 – 7.30pm Learn JCU Collaborate

For information regarding class registration, visit the Class Registration Schedule.

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1.2 Key dates Key dates Census date

Date See 2021 Study Period and Census Dates Trimester 2: June 24, 2021

Last date to withdraw without academic penalty

See 2021 Study Period and Census Dates

Assessment task 1: Online Quiz [20%]

Quiz opens Friday 2nd July at 9am, closes Monday 5th July at 5pm

Assessment task 2: Group Business Report [20%]

Report due 5pm Monday 9th August 2021

Assessment task 3: Final Exam [60%]

Final examination In University TR2 exam period

Trimester 2: July 9, 2021

2

Subject details

2.1 Subject description This subject is concerned with accounting for the formation, operations and winding-up of companies, and the disclosure of relevant corporate information in financial statements. The following areas are covered: (a) company formation, accounting for share issues and reorganisations (b) tax-effect accounting (c) disclosure requirements (d) business combinations (e) consolidated accounts (f) liquidations and (g) asset impairment. The subject is a core requirement for the accounting major and is also a requirement for professional accreditation

2.2 Subject learning outcomes and course learning outcomes Students who successfully complete this subject will be able to: • • • • •

construct accounts for business combinations and reorganisations construct accounts for liquidations and receiverships produce group accounts construct accounts for the formation of companies illustrate tax effect accounting

These outcomes will contribute to your overall achievement of course learning outcomes. Your course learning outcomes can be located in the entry for your course in the electronic JCU Course and Subject Handbook 2021 (click on ‘Course Information’ bar/ select ‘Undergraduate Courses’ or ‘Postgraduate Courses’/ select relevant course/ scroll down to ‘Academic Requirements for Course Completion’, ‘Course learning outcomes’).

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2.3 Learning and teaching in this subject This subject is based an active and immersive learning approach. Learning Activity

Internal External students students

Lecture content recordings Desktop recordings of lecture content will be uploaded to the LearnJCU site Interactive face to face workshop Weekly workshops will be facilitated. The workshop is a merging of lectures and tutorials and will include learning activities, group discussions etc. Online workshop sessions Online collaborate sessions are an opportunity for lecturers to present content to external students and expand on any gaps in student knowledge. Student learning materials Materials available on LearnJCU including textbook, readings, learning activities, case studies etc. Student Consultation 1 hour consultation session. Lecturer available to meet via appointment

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Some learning and teaching activities may be recorded for this subject. Personal Information in the form of images and audio may be collected by JCU during the recording. This Personal Information may appear as part of the recording which is accessible to students and staff in this subject on Learn JCU

2.4 Student feedback on subject and teaching As part of our commitment at JCU to improving the quality of our courses and teaching, we regularly seek feedback on your learning experiences. Student feedback informs evaluation of subject and teaching strengths and areas that may need refinement or change. YourJCU Subject and Teaching Surveys provide a formal and confidential method for you to provide feedback about your subjects and the staff members teaching within them. These surveys are available to all students through LearnJCU. You will receive an email invitation when the survey opens. We value your feedback and ask that you provide constructive feedback about your learning experiences for each of your subjects, in accordance with responsibilities outlined in the Student Code of Conduct. Refrain from providing personal feedback on topics that do not affect your learning experiences. Malicious comments about staff are deemed unacceptable by the University.

2.5 Subject resources and special requirements All subject readings and resources, including journal articles, book chapters, websites, videos, print and eTextbooks, are available to view online from your Readings list via your LearnJCU subject site. Textbooks are listed in your Readings list, including links to library holdings. The JCU Library has limited print copies of prescribed textbooks for two-day loan, and options for viewing available eTextbooks online.

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Additionally, you can find the most appropriate library subject resources, including dedicated disciplinespecific Library Guides, relevant databases and access to library services and staff through the Your Library tool, in your LearnJCU subject site. Details of your prescribed textbook are presented in the ‘start here’ section of the subject LearnJCU site.

3

Assessment details

3.1 Requirements for successful completion of subject In order to pass this subject, you must: • Achieve an overall percentage of 50% or more • Demonstrate a reasonable attempt on all assessment items. Students who have completed less than 100% of the assessment will be subject to review by the College Assessment Committee which could result in an ‘X’ grade (Fail). • Students who have completed less than 80% of assessment requirements will receive an ‘X’ grade (Fail) • Demonstrate regular attendance and engagement with the content of this subject in accordance with student participation requirements as outlined above, including but not limited to any mandatory face to face attendance or online session participatory attendance.

Note that the bullet points above represent the JCU minimum passing requirement. Assessment items and final grades will be reviewed through moderation processes (Learning, Teaching and Assessment Procedure, 3.6). It is important to be aware that assessment results “must always undergo final ratification for each study period. No single grade or mark represents a final result in a subject” (Learning, Teaching and Assessment Procedure, 3.7.4.). Final results for this subject will be graded as described in the Student Results Policy.

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3.2 Assessment items ASSESSMENT ITEM 1: MID-TRIMESTER QUIZ Aligned subject learning outcomes

SLO 1 construct accounts for business combinations and reorganisations SLO 2 construct accounts for liquidations and receiverships SLO 4 construct accounts for the formation of companies SLO 5 Illustrate tax effect accounting

Aligned professional standards/ competencies

https://www.cpaaustralia.com.au/cpa-program/professional-accreditationguidelines/section-3-professional-skills-competency-areas-and-learning-outcomes

Group or individual

Individual assessment item

Weighting

20%

Due date

Quiz opens Friday 2nd July at 9am, closes Monday 5th July at 5pm

ASSESSMENT ITEM 1: DESCRIPTION The aim of this online test is to; •

Ensure that the foundations of, and selected topics from, company accounting are understood, so that students have the knowledge and understanding to progress with further subject material, much of which builds on these foundations and topics.

•

Test students ability to convey their knowledge in a test environment with a time limit.

•

Test students ability to recall knowledge and problem solve using multiple choice questions.

The quiz will open at the scheduled time on the LearnJCU subject site, you will have 90 minutes to attempt all questions on the quiz once you open it. The quiz will cover content from weeks 1 to 5 inclusive. This includes lectures, tutorials, workshops and all relevant readings.

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ASSESSMENT ITEM 2: GROUP BUSINESS REPORT Aligned subject learning outcomes

SLO 3 produce group accounts SLO 5 illustrate tax effect accounting

Aligned professional standards/ competencies

https://www.cpaaustralia.com.au/cpa-program/professional-accreditationguidelines/section-3-professional-skills-competency-areas-and-learning-outcomes

Group or individual

Group assessment item

Weighting

20%

Due date

Due 5pm Monday 9th August 2021

ASSESSMENT ITEM 2: DESCRIPTION The aim of this assessment task is to demonstrate your understanding of the consolidated corporate structure, including the form, nature and content of group accounts and accounting for company income tax. In this business report assignment, you will be required to choose a company from a given list and discuss the nature of the company’s activities and conduct a study into various stated aspects of the company’s financial statements. Instructions: 1. Select one to six other students to form a team of ‘consultants’. Students can allocate themselves into groups that have been established on the LearnJCU site, but if this has not occurred by the end of week 2 students will automatically be allocated into groups by the system. 2. Go to the subject site on learn JCU and select the assessment folder. Within this page you will see all information and instructions required to complete this assessment task. Useful Information: • You will submit one report per group. The topic and assessment criteria are available in the subject site on Learn JCU under the Assessment tab and the Assessment Task 2 Rubric section of this Subject Outline. It is up to students to arrange suitable times to meet online through Zoom/Skype/LearnJCU subject site ‘Subject Room’ or similar. Regular contact/updates can be undertaken through email. • A peer evaluation sheet is used in this task to alleviate student concerns about the contribution of individual team members to this group task. This peer evaluation sheet is also available on...