Unit Outline - ACCT3302 Financial Statement Analysis - Face to face Blended learning PDF

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ACCT3302 Financial Statement Analysis - Face to face / Blended learning Unit Information Unit Code

ACCT3302

Title

Financial Statement Analysis - Face to face / Blended learning

Level

3

Faculty

Arts, Business, Law and Education

School

UWA Business School

Unit Coordinator

Nishant Agarwal

Credit Points

6 points

Academic Information Content

This unit focuses on the fundamental analysis of four financial statements: the income statement; the balance sheet; statement of change in equity; and the cash flow statement. The financial analysis primarily involves the use of ratios to analyse a firm's performance against appropriate benchmarks. The prospective analysis involves the development of forecast financial statement information which can then be used to estimate a firm's value.

Unit Learning Outcomes

How outcome will be # Outcome

assessed

1 demonstrate an understanding of the difference between cash accounting and

tutorial participation,

accrual accounting in business valuations

group assignment, final examination

2 evaluate the importance of ratios in financial statement analysis, including, liquidity ratios, debt ratios, asset ratios and price-earnings ratio

tutorial participation, group assignment, final examination

3 assess the current and future performance of firms using ratios

tutorial participation, group assignment, final examination

4 analyse cash performance of firms via the cash flow statement and the various activities of a firm

tutorial participation, group assignment, final examination

5 critically analyse the profitability and growth performance of firms

tutorial participation, group assignment, final examination

6 demonstrate an understanding of how accounting for current and non-current

tutorial participation,

assets, such as receivables, inventories, and non-current assets, impact firm

group assignment, final

performance

examination

7 develop evaluation strategies as a team to produce a convincing, coherent and

group assignment

consistent argument of firm performance in a report format Indicative Assessment

# Assessment

Indicative weighting Failed component

1 tutorial participation 15%

0

2 group assignment

35%

0

3 final examination

50%

0

The indicative assessment structure provides an overview of how this unit is typically assessed. In order to fit teaching requirements, this may change slightly from year to year. Restrictions to face-to-face learning associated with COVID-19 may result in variation to the Indicative Assessment structure. The Required Assessments table below shows how the unit is being assessed in this specific teaching period. Required

Unit grades are determined from final unit marks in accordance with the UWA Policy

Assessments (http://www.governance.uwa.edu.au/procedures/policies/policies-and-procedures? method=document&id=up15/5) on Assessment

Contact Details Unit Coordinator Contact Information

Name

Nishant Agarwal

Email

[email protected]

Phone number

+61 8 6488 3855

Room number or

BUSN: 212

location Consultation

By appointment NB. Assessment extensions cannot be granted by Unit Coordinators. See "Special

information

Considerations" below.

Unit Details ACCT3302 - Financial Statement Analysis - SEM-2-2020 - 2020 - Face to face / Blended learning

Unit Information Welcome to ACCT3302 Financial Statement Analysis. This unit builds on the concepts covered in all the accounting units of your undergraduate course. It is designed to provide you with further understanding of the accounting concepts and the ability to analyse the financial information provided in financial statements. A proper analysis of financial statements provides a better understanding of the financial situation of the business/organisation.

Lecture Capture System In accordance with UWA’s policy on lecture capture all lectures* in enabled venues will be recorded and made available to stream and download by enrolled students via the Lecture Capture System (LCS) for the duration of the unit (including Supplementary and Deferred Examinations period). * Please note that in some limited circumstances lectures may not be recorded due to: ethical and/or security related issues; the use of commercially sensitive material; the use of third-party copyright teaching material; or culturally sensitive content. Students will be advised, in advance, when this applies.

Learning And Teaching Strategy The delivery of the unit involves a series of pre-recorded lectures uploaded on LMS every week, and one hour online live tutorials. The lectures will provide a broad overview of the topic and highlight important issues.The University regulations state that ‘to complete a course or unit students shall attend prescribed classes, lectures, seminars and tutorials’. Where a student, due to exceptional circumstances, is unable to attend a scheduled class/tutorial, they are required to obtain prior approval of the unit coordinator to be absent from that class. Any student absent from class/tutorial without having had such absence approved by the unit coordinator may be referred to the faculty for advice and may be required to withdraw from the unit. Teaching and Learning Evaluation You may be asked to complete two evaluations during this unit: The Student Perception of Teaching (SPOT) and the Students’ Unit Reflective Feedback (SURF). The SPOT is optional and is an evaluation of the lecturer and the unit. The SURF is completed online and is a university-wide survey and deals only with the unit. You will receive an email inviting you to complete the SURF when it is activated. We encourage you to complete the forms as your feedback is extremely important and can be used to make changes to the unit or lecturing style when appropriate.

Unit Structure

For standard teaching period: lectures: pre-recorded (uploaded on LMS every week); tutorials: 1 hour per week (online live streaming).

Required Assessments Item # Assessment Item 1 2

Weighting Deadline

Submission Procedure Unit Learning Outcome

In-class participation

15%

weekly

in class

1-7

Group Assignment

35%

Monday 5 October 2020

LMS

1-7

@12noon 3

examination (final

50%

exam)

Final exam - check

1-6

StudentConnect

Unit Schedule Week # Date Starting Topic 1

27/07/2020

Unit Introduction & introduction to

Preparation Assessment

Notes

Chapter 1

No Tutorials

Financial Statement Analysis 2

03/08/2020

Accrual Accounting

Chapter 2

Tutorial sessions (Questions from Revsine textbook) - Chapter 1

3

10/08/2020

Revenue Recognition

Chapter 3

Tutorial sessions (Questions from Revsine textbook) - Chapter 2

4

17/08/2020

Structure of the Balance Sheet and

Chapter 4

Statement of Cash Flows 5

24/08/2020

Essentials of Financial Statement

Revsine textbook) - Chapter 3

Chapter 5

Analysis 6

7

31/08/2020

07/09/2020

Role of Financial Information in

Tutorial sessions (Questions from

Tutorial sessions (Questions from Revsine textbook) - Chapter 4

Chapter 7

Tutorial sessions (Questions from

Contracting

Revsine textbook) - Chapter 5

no lecture. A live Zoom session for

no tutorials

Q&A will be conducted 8

14/09/2020

Receivables

Chapter 8

Tutorial sessions (Questions from Revsine textbook) - Chapter 7

9

21/09/2020

Inventories

Chapter 9

Tutorial sessions (Questions from Revsine textbook) - Chapter 8

10

05/10/2020

Long lived Assets

Chapter 10

Group

Tutorial sessions (Questions from

Assignment

Revsine textbook) - Chapter 9

due: Monday 5 October @12noon. 11

12/10/2020

Revisiting Cash Flow Statements

Chapter 17

Tutorial sessions (Questions from Revsine textbook) - Chapter 10

12

19/10/2020

Unit review & discussion of final

Tutorial sessions (Questions from

exam

Revsine textbook) - Chapter 17

Participation Participation in class, whether it is listening to a lecture or getting involved in other activities, is an important part of the learning process, therefore it is important that you attend classes. More formally, the University regulations state that ‘to complete a course or unit students shall attend prescribed classes, lectures, seminars and tutorials’. Where a student, due to exceptional circumstances, is unable to attend a scheduled class, they are required to obtain prior approval of the unit coordinator to be absent from that class. Any student absent from class without having had such absence approved by the unit coordinator may be referred to the faculty for advice and may be required to withdraw from the unit.

Referencing Requirements It is important that the referencing of any sources used in your written work is done properly, if only to substantiate the points you are making in your assignment or project. The Harvard style is the preferred used unless otherwise stated by the unit coordinator. There are some notes for guidance which have been prepared by the library staff: ‘Citing your Sources Harvard Style’ (http://guides.library.uwa.edu.au/harvard (http://guides.library.uwa.edu.au/harvard)). The EndNote soware package is a really good system for building up a database of references. Not everyone will want to invest the time in using this system but you should consider it if you intend to build up resource materials or plan to undertake extensive research in a particular area. The library staff have also developed a tutoring package: ‘A Quick Guide to Using EndNote’ which provides the basics for using EndNote with an essay http://guides.library.uwa.edu.au/endnote (http://guides.library.uwa.edu.au/endnote)

Acknowledging Sources of Information and the Business School Policy on Plagiarism Student Services provides an online plagiarism portal that includes a definition of plagiarism and a link to FAQ www.studentservices.uwa.edu.au/ss/learning/online_services/plagiarism_portal ‘Turnitin' Originality Checking and Plagiarism Prevention is used in the Faculty to allow both educators and their students check written work for improper citation or misappropriated content. More information about 'Turnitin' can be found at http://turnitin.com/static/index.html (http://turnitin.com/static/index.html)

Texts

The recommended textbook for this unit is "Financial Reporting and Analysis" by Revsine, Collins, Johnson, Mittelstaedt & Soffer (2018), 7th edition, McGrawHill Education, New York. E-book is available for students to purchase. The e-book can be purchased directly from the publisher's website. The eBook is priced at AUD$59.95 (GST included). When purchasing this eBook you will need to use the account username and password you selected when you created the account to gain access. (Refer to Purchasing ebook for students in AUD.pdf). The PROMO code for students to apply at the checkout for 15% discount is S22019CA, the price of the eBook will then be approximately $51.00 The eBook EBOOK Financial Reporting And Analysis 7e is live and available for student purchase at: https://www.mheducation.com.au/9781307464313-aus-ebook-financial-reporting-and-analysis-7e (https://www.mheducation.com.au/9781307464313-aus-ebook-financial-reporting-and-analysis-7e) If you experience any problems with the process please contact McGraw-Hill Customer Care staff at www.mhhe.com/support. Lecture materials and additional workshop practice questions will be taken from the Textbook.

Other

More detailed information regarding assessments is available via the Assessments tab in the unit LMS. Moderation of marks The Business School must ensure that the processes of assessment are fair and are designed to maintain the standards of the School and its students. The School follows the UWA marks and grades distribution: Higher distinction (HD)

80-100%

Distinction (D) 70-79% Credit Pass (CR) Pass

60-69%

(P) 50-59%

Fail (N+)

45-49%

Fail (N) 0-44% Failed component (FC) The moderation of marks to ensure comparability between classes is an acceptable academic practice. The School and Board of Examiners have the right to moderate marks where it is considered necessary to maintain consistency and fairness. Charter of student rights and responsibilities The Charter of Student Rights and Responsibilities upholds the fundamental rights of students who undertake their education at the University of Western Australia. The University's charter of Student Rights and Responsibilities is available at www.governance.uwa.edu.au/procedures/policies/policies-and-procedures?method=document&id=UP07/132 UniAccess UniAccess provides services and support to UWA students who wish to disclose a disability or a medical condition. Book to meet with a Disability Officer by contacting Student Wellbeing Reception 64882423, Student Central South Wing Level 1, opposite Campus News & Gis. Information for students with disabilities The University has a range of support services, equipment and facilities for students with a disability. If you would like to receive advice on these services please email [email protected] or visit www.uniaccess.uwa.edu.au Using peer feedback to assess team contributions The online tool SPARKPLUS may be to used to assess individual contributions to team work. You may be required to provide feedback to, and receive feedback from, your team members. Based on a series of answers from each team member SPARKPLUS automatically produces two weighting factors: your RPF and SAPA. The use of SPARKPLUS will be explained in class and more information is available on LMS. Quality assurance Your assessed work may also be used for quality assurance purposes, such as to assess the level of achievement of learning outcomes as required for accreditation and audit purposes. The findings may be used to inform changes aimed at improving the quality of Business School programs. All material used for such processes will be treated as confidential, and the outcome will not affect your grade for the unit. Approved calculators for examinations The University permits only the use of calculators in examinations when the calculator has an approved sticker and the examiner

permits their use. If the student does not have an approved sticker on their calculator, they will not be permitted to use the calculator. Calculators can be approved at the Undergraduate Student Centre, the Postgraduate Student Centre or at Student Administration. Further information is available on the Business School website at www.business.uwa.edu.au/students/assessments eBooks and open book exams eBooks cannot be accessed at an examination. Please check your exam details and purchase a printed version of any book you would select to take into an open book exam.

Late submission of Assignments A penalty of 5 per cent of the total mark allocated for the assessment item is deducted per day for the first 7 days (including weekends and public holidays) aer which the assignment is not accepted. Each 24-hour block is recorded from the time the assignment is due. For example, if an assignment is late by three days and was given 45 out of a possible mark of 50, you would receive a mark of 37.5 out of 50 (a mark of 2.5 is deducted per day). If there are a number of tasks within an assessment item, the late penalty may be applied to the whole assessment item aer all tasks have been completed. If an assignment is graded Pass/Fail, failure to submit the assignment in time may result in the student not being permitted to take the final exam at the end of the semester or a teaching period and being unable to progress to the next level of the course or to graduate in the case where it is the final unit of the course;

Penalty for exceeding word limit Where a submitted assignment exceeds the word limit, a penalty of 1 per cent of the total mark allocated for the assessment task applies for each 1 per cent in excess of the word limit, or the marking ceases once the word limit is reached.

Academic conduct Academic Integrity is defined in the University Policy on Academic Conduct (http://www.governance.uwa.edu.au/procedures/policies/policies-and-procedures?policy=UP07%2F21) as "acting with the values of honesty, trust, fairness, respect and responsibility in learning, teaching and research". UWA expects the highest degree of academic conduct from all students. Penalties for breach of academic conduct vary according to seriousness of the case, and may include the requirement to do further work or repeat work; deduction of marks; the award of zero marks for the assessment; failure of one or more units; suspension from a course of study; exclusion from the University; non-conferral of a degree, diploma or other award to which the student would otherwise have been entitled. Students should familiarise themselves with the information and resources available regarding academic conduct and ethical scholarship (http://www.student.uwa.edu.au/learning/resources/ace/conduct) at UWA.

Special Considerations If your study has been adversely affected by illness or other significant circumstances outside of your control, you can apply for special consideration. Significant circumstances may include but are not limited to:

serious illness or death of a member of the student's immediate family or household or of a close friend serious injury being a victim of a crime breakdown of relationship sudden loss of income or employment serious disruption to domestic arrangements The full policy and information on applying for special consideration is available at http://www.student.uwa.edu.au/course/exams/consideration (http://www.student.uwa.edu.au/course/exams/consideration)

Review and Appeal of Academic Decisions Relating to Students The full regulations governing appeal, and the process procedures are available on the Governance website (http://www.governance.uwa.edu.au/committees/appeals-committee/review-and-appeal-of-academic-decisions-relating-tostudents)

Compulsory online modules UWA has a wealth of resources available to support your student learning. These online modules are compulsory for many students: Academic Conduct Essentials (ACE) is compulsory for all new students about ethical scholarship and the expectations of correct academic conduct that UWA has of its students. Communication and Research Skills (CARS) is compulsory for all new undergraduate students which aims to assist students...