Acc 2542 Syllabus

ACCT 2542
CORPORATE FINANCIAL REPORTING
AND ANALYSIS
Course Outline
Semester 2, 2012
Part A: Course-Specific Information
Australian School of Business
School of Accounting i ACCT 2542 Corporate Financial Reporting & Analysis
TABLE OF CONTENTS
PART A. COURSE SPECIFIC INFORMATION 1
1. STAFF CONTACT DETAILS 1
2. COURSE DETAILS 1
2.1. Teaching Times and Locations 1
2.2. Units of Credit 2
2.3. Summary of Course 2
2.4. Course Aims and Relationship to Other Courses 2
2.5. Student Learning Outcomes 3
2.6. ASB Graduate Attributes 4
3. LEARNING AND TEACHING ACTIVITIES 5
3.1. Approach to Learning and Teaching in the Course 5
3.2. Learning Activities and Teaching Strategies 5
3.3. Inside the Classroom: Lectures 5
3.4. Inside the
Classroom: Tutorials 5
3.5. Outside the Classroom: Self Study 6
4. ASSESSMENT 7
4.1. Formal Requirements 7
4.2. Assessment Details 7
4.3. Tutorial Homework (10%) 8
4.4. Tutorial Group Presentations (5%) 8
4.5. Tutorial Individual Participation (5%) 8
4.6. On-Line Tests (20%) 9
4.7. Final Exam (60%) 10
5. COURSE EVALUATION AND DEVELOPMENT 10
6. COURSE RESOURCES 11
6.1 Prescribed Textbook 11
6.2 Blackboard eLearning Support 11
6.3 Useful Internet Websites 11
7. COURSE SCHEDULE 12
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ACCT 2542 Corporate Financial Reporting & Analysis
PART A. COURSE SPECIFIC INFORMATION
Note: This course outline needs to be read in conjunction with Part B: Key Policies,
Student Responsibilities and Support which contains essential information on key policies, student responsibilities, special consideration requests and student resources.
1. STAFF CONTACT DETAILS
Position Name Email Location
In-charge Mr Jeffrey Knapp [e-mail] Quad 3103
Lecturer Dr Sarowar Hossain [e-mail] Quad 3083
Lecturer Ms Isabel Gordon [e-mail] TBA
Tutor Ms Rui Ding [e-mail] Quad 3093
Tutor Dr Cheng Lai [e-mail] Quad 3090
All questions regarding course administration should be directed to the Lecturer-incharge
Jeffrey Knapp.
When sending an email to a staff member please ensure you identify yourself clearly using both your student ID and your full name. Communications that use short hand and “SMS” language are not acceptable and you must communicate using English. It is important that any email communication is made from your University of New South
Wales student account, not from another provider (i.e., Hotmail, Gmail, Yahoo, etc.).
Emails from any other sources will not be answered. This rule is instituted to help protect the university email system from viruses.
Any email inquiry that can be answered by reading the course outline Parts A or
B will not receive a reply email from the staff.
Tutorials are the primary forum for student questions but students may also raise questions with teaching staff during their consultation hours.
Members of staff prefer not answer questions about course content through a chain of emails because it is difficult to identify student learning problems by email. Staff will assist you in your learning of the course content in a person to person meeting.
2. COURSE DETAILS
2.1. Teaching Times and Locations
ACCT 2542 follows a 12 in 13 weeks teaching structure. There are 12 lectures in the weeks beginning 16 July 2012 to 8 October 2012. There are 12 tutorials in the weeks beginning 23 July 2012 to 15 October 2012.
Lecture times and locations are as follows:
Day Time Location
Tuesday 2 pm – 4 pm Physics Theatre
Tuesday 6 pm – 8 pm Central Lecture Block 8
Wednesday 9 am – 11 am Central Lecture Block 8
Wednesday 1 pm – 3 pm Physics Theatre
Attendance at lectures is an essential learning and teaching activity.
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ACCT 2542 Corporate Financial Reporting & Analysis
Tutorial times and locations must be registered for using the MyUNSW system. You must attend your nominated tutorial group. Tutors will not allow unregistered students to attend their classes except in week 11.
Attendance at tutorial classes is recorded. Non-attendance at tutorials indicates disengagement from key learning activities and may be taken into consideration by the lecturer-in-charge when reviewing a student’s performance in the course.
Monday 1 October 2012 (in week 11) is a public holiday. In this week, students with a
Monday tutorial time should attend another class.
2.2. Units of Credit
This course is 6 units of credit.
2.3. Summary of Course
This course introduces students to the corporate accounting and the external financial reporting environment. The focus throughout the course is on the preparation of general purpose financial reports that comply with the Corporation Act, 2001 (Cth) and accounting standards issued by the Australian Accounting Standards Board (AASB).
The course begins by covering the regulatory environment in which general purpose financial statements are prepared. It then covers the conceptual framework, principles of disclosure and requirements for the presentation of the financial statements, measurement principles applied in the preparation of financial statements, accounting for income taxes, non-current tangible and intangible assets. We then consider business combinations and impairment as an introduction to the main topic of the course which is consolidation accounting. A primary objective of the course is for students to gain an understanding of how to prepare consolidated financial statements.
The next topic is accounting for investments in associates. The course concludes with an overview of insolvency and liquidation
2.4. Course Aims and Relationship to Other Courses
This course requires the study of generally accepted accounting practice. We educate students in the practice of external financial reporting so students develop an understanding of how to prepare financial statements and notes to the statements for listed public companies. This course has three high-level aims.
The first aim is to provide students with the concepts and experiences necessary for them to understand the preparation and use of company financial statements in their future careers whether as financial accountants, company executives, taxation officers, auditors, financial analysts, actuaries, legal advisors or academics.
The second aim is to instil in students the way of thinking and the way of doing of the corporate financial accountant through a structured approach to examining accounting requirements and applying those requirements to problem solving. It is expected that students will develop their technical financial accounting knowledge through course training and individual practice.
The third aim is to challenge students to think critically about corporate financial reporting by fostering an appreciation of both the rationale of financial accounting techniques and the issues that arise in their practical application.
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ACCT 2542 Corporate Financial Reporting & Analysis
ACCT2542 is offered by the School of Accounting and may form part of an accounting major, double major or disciplinary minor within the Bachelor of Commerce or Bachelor of Economics degrees. In order to enrol in ACCT2542, a student must have successfully completed ACCT1511 Accounting and Financial Management 1B.
ACCT2542 also constitutes part of the core curriculum studies required by CPA
Australia and the Institute of Chartered Accountants in Australia and is accredited by the Institute of Actuaries of Australia.
ACCT2542 builds on the foundations laid in ACCT1501 and ACCT1511 (Accounting and Financial Management 1A and 1B, respectively).
It is assumed that students know the basic double-entry recording system with its use of debits and credits. If you need to brush up your knowledge in this area, you can consult the text for ACCT1511 (K. Trotman & M. Gibbins, Financial Accounting: An
Integrated Approach, 4th ed., Cengage Learning, 2009, Ch. 1 to 5). Another good reference is D. Kieso, N. Fargher, V. Wise, J. Weygandt and T. Warfield,
Fundamentals of Intermediate Accounting, Wiley, 2008, Ch. 3.
2.5. Student Learning Outcomes
Content-Based Learning Outcomes
Following satisfactory completion of this course, you should be able to:
1. Apply the main provisions in key Australian Accounting Standards (‘AASBs’), in particular AASB 3, AASB 10, AASB 112, and AASB 128;
2. Describe the standard setting process and regulatory framework in Australia and appreciate the role of the International Accounting Standards Board
(‘IASB’);
3. Appreciate the conceptual strengths or weaknesses of the required accounting methods in AASBs and the impact of the choices made by directors and managers in those circumstances where some flexibility is allowed in the application of AASBs;
4. Describe the definitional problems, methods of report preparation and limitations of reported financial data in respect of complex transactions, events and organisational structures;
5. Explain how Australia’ regulatory environment impacts the preparation of general purpose financial reports;
6. Research and apply disciplinary knowledge to solve issues related to the preparation of financial reports;
Desired Skills-Based Outcomes
Upon satisfactory completion of this course, you should be able to:
7. Learn independently and assume responsibility for your own learning process and appreciate that as a professional, manager or executive you will need the skills to engage continuously with new accounting concepts and ideas;
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ACCT 2542 Corporate Financial Reporting & Analysis
8. Develop the ability to function effectively in a team based environment;
9. Develop information search skills and the ability to discern the quality of novel sources of information;
10. Develop an understanding of the conceptual framework and key accounting standards in order to be able to communicate how to account for transactions and events;
11. Think constructively and critically about accounting developments at the national and international level with an ability to take a leadership role and express a public interest viewpoint;
12. Interpret consolidated financial reports;
13. Recognise ethical issues confronting participants in the financial reporting process; and
14. Identify relevant from non-relevant information to solve accounting problems.
2.6. ASB Graduate Attributes
This course contributes to your development of the following Australian School of
Business Graduate Attributes, which are the qualities, skills and understandings we want you to have by the completion of your degree. More information on the ASB
Graduate Attributes and how they align with the UNSW Graduate Attributes (2010) is available on the ASB website (Learning and Teaching >Graduate Attributes).
Learning
Outcomes
ASB Graduate Attributes
1, 3, 4, 6, 9, 11 1. Critical thinking and problem solving
8, 10, 11 2. Communication
8, 11 3. Teamwork and leadership
2, 3, 5, 11, 13 4. Social, ethical and global perspectives
1, 2, 3, 4, 5, 6, 10,
12, 14
5. In-depth engagement with relevant disciplinary knowledge 7, 8, 9, 10, 11, 12,
13, 14
6. Professional skills
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ACCT 2542 Corporate Financial Reporting & Analysis
3. LEARNING AND TEACHING ACTIVITIES
3.1. Approach to Learning and Teaching in the Course
At university, the focus is on your self-directed search for knowledge. Lectures, tutorials, assigned questions, reading materials, other resources and assessment tasks are provided to help you learn.
After lectures and tutorials it is up to the student to decide how much work is necessary to study for the exams. A range of questions with solutions are provided to assist the students in their learning outside lectures and tutorials. It is recommended that you complete all homework questions, review all practice questions, and seek assistance when necessary. You must choose a learning approach that best suits your learning style and goals in this course. The aim is provide you with a flexible but directed learning approach.
3.2. Learning Activities and Teaching Strategies
Learning occurs inside the classroom in lectures and tutorials. Students are expected to attend all their assigned lectures and tutorials. Students who routinely miss classes miss a crucial learning activity, i.e., teachers or instructors actively demonstrating financial accounting techniques.
Learning occurs outside the classroom through reading of course learning materials, completing assessment tasks including homework questions, self-study group meetings, group work and individual consultation with teaching staff or other students.
Engage with the material, attend lectures, and participate in tutorials. Discuss concepts and issues with other students to assist your learning. Students should ask questions and/or raise issues throughout the semester. When questions are asked, the teacher is able to provide feedback that assists student understanding of the course topics.
3.3. Inside the Classroom: Lectures
Lectures with large groups of students introduce and explain concepts critical to the core topics. Lecturers demonstrate how the techniques of corporate financial reporting are applied by working though practical examples. Students should listen to the lecture carefully with a view to having some takeaway ideas. Pay attention for those moments in the lecture where the lecturer adds strong emphasis by repeating the same point or by otherwise highlighting the main ideas.
All lecture notes are available on Blackboard but they are NOT a complete record of lectures or a substitute for assigned readings. Students should try to review the relevant lecture notes before attending lectures if possible as the first step to their learning. Lectures are not
videoed.
3.4. Inside the Classroom: Tutorials
Tutorials provide students with a regular small group forum to interact with teaching staff to discuss the issues encountered when reviewing practical questions and attempting the tutorial questions.
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ACCT 2542 Corporate Financial Reporting & Analysis
The benefits of tutorials are fully realised when students prepare in advance. At a minimum, preparation for the tutorial should include a first reading of the assigned textbook chapters for the week and completion of the assigned homework questions to the best of your ability.
Students must bring a copy of the week’s homework questions to their tutorial together with their best attempt at answering those questions.
3.5. Outside the Classroom: Self Study
Self study is a key element of the learning design of the course. After each lecture students should spend time reviewing lecture notes and reading the textbook before completing the homework questions for the topic.
Worked solutions of textbook questions are posted on Blackboard for each topic covered in the course. These questions and solutions allow students to learn inductively through a process of learning by example. The observed solution is the starting point to learning inductively. Students should use the solution to establish or deduce the rules, the techniques and what has been done to generate the answer.
After reviewing the textbook questions and answers on Blackboard, students should attempt the homework questions for their tutorial, reflecting on the logic needed or the techniques or processes that are necessary to generate an answer. It is time to synthesise the instruction you received in lectures, the textbook explanations and what you discovered when working through the questions and solutions on Blackboard.
What are you trying to achieve? What information is needed to produce the answer?
What should be done first, second, etc. Learning deductively is very important to your development as a financial accounting professional because most of the problems encountered in this business do not already have the answers provided.
Making mistakes and getting stuck is a natural part of the learning process in financial accounting. When you can’t understand a solution, or are unable to complete a question without the solution, timely action is needed to clear the block in your understanding. Consult other students, raise your difficulties during tutorials and if still unclear, consult teachers during their consultation hours.
Completing all the homework questions is required throughout the semester to provide students with feedback on their progression with course topics and learning outcomes.
Students that regularly fail to complete their homework questions should: (1) consider dropping the course; (2) reassess their study techniques and study time for the course; and/or (3) seek further assistance from teaching staff.
Students should appreciate that studying ACCT2542 requires discipline, persistence and diligence.
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ACCT 2542 Corporate Financial Reporting & Analysis
4. ASSESSMENT
4.1. Formal Requirements
The following are required to pass the Course:
(a) Achieve a composite mark on all assessment tasks of at least 50%;
(b) Achieve a satisfactory level of performance in the final exam. This usually means a minimum mark of 50%. Any student having an overall mark of 50 or more but less than 50% in the final exam may be given a UF grade
(unsatisfactory fail) or be asked to sit a supplementary final exam, depending on the individual’s circumstances;
(c) Satisfactory attendance in tutorials.
A “pass conceded” (PC) grade may only be granted by the Australian School of
Business Assessment Committee, and NOT by the Head of School of Accounting or the Lecturer-in-charge of this Course.
Students who fail to attend more than three tutorials without mitigating circumstances may be asked to withdraw from the Course prior to the final exam.
4.2. Assessment Details
Assessment
Task
Weighting Learning
Outcomes
Assessed
ASB
Graduate
Attributes
Assessed
Length Date/Location
Tutorial
Homework
10% 1, 2, 3, 4, 5,
6, 7, 8, 9,
10,11, 12,
13, 14
1, 2, 4, 5, 6 On average, no more than 2 to 3 pages for each week Weeks 2-12 in the registered tutorial class only
Tutorial Group
Presentations
5% 8, 10, 11 2, 3 Two group presentations of
5-8 minutes duration each
Weeks 3-13 in registered tutorial class only
Tutorial
Individual
Participation
5% 8, 10, 11 2 Questions raised and answers given during tutorial usually taking less than
30 seconds.
Weeks 2-13 in the registered tutorial class only
On-line Tests 20% 1, 2, 3, 4, 5,
6, 9, 10, 11,
12, 14
1, 5 No official time limit but must be completed in the eight days before deadline At the end of weeks 3, 5, 7, 9,
11, 13
Final
examination
60% 1, 2, 3, 4, 5,
6, 8, 9, 10,
11, 12, 14
1, 2, 5 2 hours plus 10 minutes reading time To be announced TOTAL 100%*
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ACCT 2542 Corporate Financial Reporting & Analysis
4.3. Tutorial Homework (10%)
Tutorial homework is an important assessment task because it requires students to perform the same activity as the final exam, i.e. to read and interpret questions and use the information provided to prepare written answers.
Students are required to submit written answers to tutorial homework at the beginning of each tutorial class for weeks 2 to 12. Written homework must be handed up in person at the registered tutorial and late homework will not be accepted under any circumstances. No word processing or photocopies will be accepted.
Your tutor will grade each of your written tutorial assignments as “2” or “1” or “0” based on the following guidelines:
0 Unsatisfactory: Insignificant or no attempt or absent from class
1 Reasonable: Not ALL of the homework has been addressed. More work needed.
2 Good: Significant attempt at answering ALL of the homework questions. Student on track with the amount of work they are doing before tutorial class.
The total marks for homework will be converted into a score out of 10%.
4.4. Tutorial Group Presentations (5%)
The assessment component for tutorial group presentations is directed to the development of oral communication skills and teamwork. Each tutorial of approximately
22 students will be divided into 5 groups of four or five students. Each group is required to prepare and present answers to two case study questions during the semester.
The group presentations should be delivered within 5 to 8 minutes. Each member should present or have something to say about the case study. Each member will receive the same mark provided they contribute to the presentation.
The group presentations will be marked out of three using the following guidelines:
1 Uses relevant concepts or case study evidence
1 Well prepared and structured presentation
1 All of the key issues in the case study are highlighted
3 Maximum mark
The total marks for tutorial group presentations will be converted into a score out of
5%.
4.5. Tutorial Individual Participation (5%)
The assessment component for tutorial individual participation is also directed to oral communication skills and teamwork. The purpose of tutorials is to allow students to interact with a teacher/instructor and each other.
In tutorials for ACCT 2542, every student is required to display their first name prominently on their desk using a piece of paper or cardboard to facilitate class interaction. 9
ACCT 2542 Corporate Financial Reporting & Analysis
Your tutor will take note of your contribution to class discussion and score your participation using the following guidelines:
0 Attends less than 10 tutorials.
1 Attends 10 or more tutorials but does not participate in class discussion.
2 Attends 10 or more tutorials and contributes once to class discussion
3 Attends 10 or more tutorials and contributes twice to class discussion
4 Attends 10 or more tutorials and contributes three times to class discussion
5 Attends 10 or more tutorials and contributes four or more times to class discussion
To qualify as a contribution to class discussion the questions have to be relevant or meaningful. Answers that are genuinely given but incorrect may still score because wrong answers often assist us to focus on what is the right answer.
4.6. On-Line Tests (20%)
The assessment task of on-line tests is designed to provide students with regular feedback during the semester about their knowledge of course material.
Six on-line tests will be conducted during the semester. The coverage of the tests and the deadlines for completion are shown in the following table.
Test Topics Test opens Test deadline Finish by Week
1 chapters 1, 2 & 3 Friday 27 July Friday 3 Aug 3
2 chapters 12, 13 & 6 Friday 13 Aug Friday 17 Aug 5
3 chapters 5, 7, 9, 10, 11 Friday 27 Aug Friday 31 Aug 7
4 chapters 15, 16 & 17 Friday 17 Sept Friday 21 Sept 9
5 chapters 18 & 19 Friday 1 Oct Friday 5 Oct 11
6 chapters 20 & 21 Friday 15 Oct Friday 19 Oct 13
Each test will be open for eight days and must be completed by the deadline or the marks for that test are forfeited.
The six on-line tests will be a mixture of multiple choice questions and other questions that require students to enter data.
On average, each on-line test should take between 30 to 40 minutes to complete but there is no official time limit. Only one attempt per question will be accepted. Answers will be available to students after the closing date.
The questions in the on-line tests are not necessarily of equal value. The marks for all questions across the six on-line tests will be aggregated and converted into a score out of 20%.
Further information about the on-line tests including details of a “practice run” before
Test 1 will be emailed to students.
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ACCT 2542 Corporate Financial Reporting & Analysis
4.7. Final Exam (60%)
The final exam is the main and most important assessment task because it is a guaranteed measure of academic performance for each student.
The final exam will potentially cover material from all lecture topics. Students should pay particular attention to the homework questions that covered in tutorials.
Questions on the topic of consolidation accounting will form at least 50% of the final exam.
The final exam may be a mix of multiple choice questions, written questions that require writing journals and completing worksheets or written questions that require discussion and analysis.
The final exam is closed book. You MUST bring pen, pencils, calculator and your student ID card to the final exam.
The date and time of the final exam will be announced by the University at a later date.
The formal requirements for assessment in ACCT 2542 make it clear that students who score less than 40/100 in the final exam should not expect a passing grade in the course. Quality Assurance
The ASB is actively monitoring student learning and quality of the student experience in all its programs. A random selection of completed assessment tasks may be used for quality assurance, such as to determine the extent to which program learning goals are being achieved. The information is required for accreditation purposes, and aggregated findings will be used to inform changes aimed at improving the quality of
ASB programs. All material used for such processes will be treated as confidential and will not be related to course grades.
5. COURSE EVALUATION AND DEVELOPMENT
Each year feedback is sought from students and other stakeholders (e.g., employers, professional organisations) about the courses offered in the School and continual improvements are made based on this feedback. In this course, we will seek your feedback through UNSW's Course and Teaching Evaluation and Improvement (CATEI)
Process (http://www.ltu.unsw.edu.au/ref4-5-1_catei_process.cfm).
Students are encouraged to complete course evaluations on-line to provide overall feedback about the course in general and make constructive comments concerning how we could improve the course. As a result of this feedback the course has been redesigned in Session 2 of 2012 by introducing on-line tests to provide more regular feedback for students.
Student feedback is gathered informally through teacher-student interactions during the semester. This feedback is valuable because it enables teachers to respond to student needs during the semester. For example, the lecturer may decide to revisit an issue in lectures that some students have not understood or misunderstood. Your constructive criticism is welcomed and you can direct any feedback outside the CATEI process to the Lecturer-in-charge.
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ACCT 2542 Corporate Financial Reporting & Analysis
6. COURSE RESOURCES
6.1 Prescribed Textbook
Title: Company Accounting 9th Edition 2012 + WileyPLUS Access Code
Authors: Ken J. Leo, John Hoggett, John Sweeting
ISBN: 9780730304326
Publisher: John Wiley & Sons Australia
6.2 Blackboard eLearning Support
A course website will be maintained. You must be enrolled in the course to access the website. The website will contain the full course outline, announcements, lecture slides, tutorial solutions, materials for the Scaffolding Activity and other material. To access the Blackboard online support site, follow the links from www.elearning.unsw.edu.au to
UNSW Blackboard Support/Support for Students. For additional technical support, email: [e-mail]; Phone: [phone].
The course website on Blackboard will also include a discussion board that allows students to ask questions about course content.
6.3 Useful Internet Websites
1. www.aasb.com.au (Australian Accounting Standards Board – all the AASB’s current pronouncements can be downloaded from this site along with pending standards based on IASB standards and Exposure Drafts of proposed standards and other documents)
2. www.iasb.org.uk (International Accounting Standards Board – IASB standards can be downloaded from this site)
3. www.iasplus.com (IAS Plus is a site providing news and commentary on international accounting standards – service of Deloitte Touche Tohmatsu)
4. www.deloitte.com.au (provides model set of financial statements applying
AIFRS).
5. www.cpaaustralia.com.au (CPA Australia)
6. www.asx.com.au (Australian Stock Exchange)
7. www.asic.gov.au (Australian Securities and Investments Commission)
8. www.fasb.org (Financial Accounting Standards Board – US)
9. www.sec.gov (Securities and Exchange Commission – US)
10. Australian corporate annual reports are available from Connect 4 and
Datanalysis databases on the UNSW library web site (www.library.unsw.edu.au), and also from www.EquitiesInfo.com.au.
11. www.ey.com/au (provides a model set of financial statements applying AIFRS)
12. www.kpmg.com.au (provides a model set of financial statements applying
AIFRS)
13. www.pwcglobal.com/au
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ACCT 2542 Corporate Financial Reporting & Analysis
7. COURSE SCHEDULE
Lectures Lecture Topics Before Tutorial Activities Tutorials Tutorial Assessment
Week 1
17 July
18 July chapter 1
Nature and regulation of companies chapter 3
Company operations
LHS Reading chapter 1 sections 1.2, 1.7, 1.8,
1.9
chapter 3 all sections
Blackboard Questions & Solutions chapter 1 RQs 3, 13, 14 chapter 3 RQs 9, 10, 12, 13, 14 chapter 3 PQ 3.13
Week 2
23 July
24 July
25 July
26 July
27 July
Homework Collection chapter 3 CS 4 chapter 3 PQ 3.11
Student Presentation
None – form groups this week Week 2
24 July
25 July chapter 2
Financing company operations LHS Reading chapter 2 all sections
Blackboard Questions & Solutions chapter 2 RQs 1, 3, 5, 9, 14 chapter 2 PQs 2.1, 2.2
Week 3
30 July
31 July
1 Aug
2 Aug
3 Aug
Homework Collection chapter 2 RQ 7 chapter 2 PQ 2.4
Student Presentations chapter 2 CS 1, CS 5
Week 3
31 July
1 Aug chapter 12
Disclosure: legal requirements and accounting policies chapter 13
Disclosure:
presentation of financial statements
LHS Reading chapter 12 all sections chapter 13 all sections
Blackboard Questions & Solutions chapter 12 RQs 3, 9, 10 chapter 12 PQs 12.1, 12.3, 12.4 chapter 13 PQs 13.9, 13.10
Week 4
6 Aug
7 Aug
8 Aug
9 Aug
10 Aug
Homework Collection chapter 12 RQ 15 chapter 13 PQ 13.14
Student Presentation chapter 12 CS 5
Week 4
7 Aug
8 Aug chapter 6
Accounting for company income tax
LHS Reading chapter 6 all sections
Blackboard Questions & Solutions chapter 6 RQs 4, 5, 6 chapter 6 PQs 6.4, 6.9, 6.15
Week 5
13 Aug
14 Aug
15 Aug
16 Aug
17 Aug
Homework Collection chapter 6 RQ 1 chapter 6 PQ 6.14
Student Presentation chapter 6 CS 3
Week 5
14 Aug
15 Aug chapter 5
Fair value measurement chapter 7
Property, plant and equipment chapter 9
Intangible assets
LHS Reading chapter 5 sections 5.1, 5.2, 5.3,
5.5
chapter 7 sections 7.6, 7.7, 7.8 chapter 9 sections 9.1, 9.2, 9.3,
9.4
Blackboard Questions & Solutions chapter 5 RQs 1, 3, 8, 12, 14 chapter 7 PQ 7.2 chapter 9 RQs 1, 3, 6, 7, 8
Week 6
20 Aug
21 Aug
22 Aug
23 Aug
24 Aug
Homework Collection chapter 5 CS 1 chapter 7 PQ 7.1
Student Presentation chapter 9 PQ 9.11
Week 6
21 Aug
22 Aug chapter 10
Business
combinations chapter 11
Impairment of assets
LHS Reading chapter 10 sections 10.1, 10.2,
10.3, 10.4, 10.5, 10.6, 10.8 chapter 11 sections 11.1, 11.2,
11.3, 11.4, 11.5, 11.6
Blackboard Questions & Solutions chapter 10 RQs 1, 2, 7, 8 chapter 10 PQs 10.1, 10.6 chapter 11 RQs 1, 3, 4, 5, 6, 7 chapter 11 PQs 11.1, 11.5
Week 7
27 Aug
28 Aug
29 Aug
30 Aug
31 Aug
Homework Collection chapter 10 PQ 10.13 chapter 11 PQ 11.2
Student Presentation chapter 11 CS 9
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ACCT 2542 Corporate Financial Reporting & Analysis
Lectures Lecture Topics Before Tutorial Activities Tutorials Tutorial Assessment
Week 7
28 Aug
29 Aug chapter 15
Consolidation:
controlled entities chapter 16
Consolidation: wholly owned subsidiaries
LHS Reading chapter 15 sections 15.1, 15.2,
15.3, 15.4 chapter 16 sections 16.1, 16.2,
16.3, 16.4, 16.5
Blackboard Questions & Solutions chapter 15 RQs 1, 2, 3, 4 chapter 16 RQs 1, 6, 8 chapter 16 PQs 16.1, 16.14, 16.15
Week 8
10 Sept
11 Sept
12 Sept
13 Sept
14 Sept
Homework Collection chapter 16 RQ 10 chapter 16 PQ 16.3
Student Presentation chapter 15 CS: 8
Week 8
11 Sept
12 Sept chapter 17
Consolidation:
intragroup transactions LHS Reading chapter 17 all sections
Blackboard Questions & Solutions chapter 17 RQs 2, 3, 4, 6 chapter 17 PQs 17.1, 17.8, 17.14
Week 9
17 Sept
18 Sept
19 Sept
20 Sept
21 Sept
Homework Collection chapter 17 RQ 1 chapter 17 PQ 17.2
Student Presentation chapter 17 CS 1
Week 9
18 Sept
19 Sept chapter 18
Consolidation: noncontrolling interest LHS Reading chapter 18 sections 18.1, 18.2,
18.3, 18.4
Blackboard Questions & Solutions chapter 18 RQs 1, 3, 6, 7, 8 chapter 18 PQs 18.2, 18.4, 18.5
Week 10
24 Sept
25 Sept
26 Sept
27 Sept
28 Sept
Homework Collection chapter 18 RQ 12 chapter 18 PQ 18.1
Student Presentation chapter 18 CS 3
Week 10
25 Sept
26 Sept chapter 19
Consolidation: other issues LHS Reading chapter 19 sections 19.1, 19.2
Blackboard Questions & Solutions chapter 19 RQs 1, 2 chapter 19 PQs 19.1, 19.5, 19.8
Week 11
2 Oct
3 Oct
4 Oct
5 Oct
Homework Collection chapter 19 RQ 3 chapter 19 PQ 19.3
Student Presentation chapter 19 CS 1
Week 11
2 Oct
3 Oct chapter 20
Accounting for investments in associates LHS Reading chapter 20 sections 20.1, 20.2,
20.3 20.4, 20.6, 20.7
Blackboard Questions & Solutions chapter 20 RQs 3, 4, 6 chapter 20 PQs 20.2, 20.3, 20.7
Week 12
8 Oct
9 Oct
10 Oct
11 Oct
12 Oct
Homework Collection chapter 20 RQ 10 chapter 20 PQ 20.1
Student Presentation chapter 20 CS 1
Week 12
9 Oct
10 Oct chapter 21
Insolvency and liquidation LHS Reading chapter 21 sections 21.1, 21.2,
21.3
Blackboard Questions & Solutions chapter 21 RQs 1, 2, 9, 13
Week 13
15 Oct
16 Oct
17 Oct
18 Oct
19 Oct
Homework Collection
None for this week
Student Presentation
Comment on the issues addressed in the following article: http://www.smh.com.au/busi ness/mystery-flight-of-ansettaccounts- 20111120-
1npaz.html
14
ACCT 2542 Corporate Financial Reporting & Analysis
Index for Course Schedule
 “LHS Reading” refers to chapters in the prescribed textbook of the course, i.e., Leo
Hoggett Sweeting 9th edition 2012.
 LHS Reading means this material can be potentially assessed and is critical to your understanding of company accounting.
 “Blackboard Questions & Solutions” refers to questions and answers made available on Blackboard for each week’s topic.
 Blackboard Questions &Solutions are taken from the prescribed textbook, and consequently they should assist you to complete the required homework for tutorials.  “Homework Collection” refers to homework to be collected in tutorials at the beginning of class
 “Student Presentation” refers to tutorial work that will be presented by students in tutorials  “RQs” refers to Review Questions
 “CS” refers to Case Study
 “PQs” refers Practice Questions
 All RQs, PQs and RQs are found in Leo Hoggett Sweeting 9th edition 2012