成人大片

Course Coordinator: Dr Su Kim
Location: Office 13.57, Level 13, Building: 10 Pulteney Street
email: su.kim@adelaide.edu.au

Course Website: www.myuni.adelaide.edu.au

On successful completion of this course, students will be able to:

1. Identify and describe different types of inter-entity relationships based on relevant Australian Accounting Standards.

3. Discuss and solve accounting issues that arise from inter-entity relationships.

2. Explain the consolidation process and prepare consolidated financial statements based on relevant accounting Standards.

4. Demonstrate the ability to perform complex accounting techniques and methods as required by the relevant accounting standards.

5. Read and analyse consolidated financial statements including accounting policies and other information disclosures.

6. Conduct practical research in the accounting discipline.

Text Books

Loftus, J., Leo, K., Daniliuc, S., Boys, N., Luke, B., Ang, H.,and Byrnes, K., 2018, Financial Reporting, Second Edition, John Wiley & Sons, Australia Ltd, Milton Queensland.

Accounting Standards

You will need access to accounting standards throughout the semester. These are available at no cost from the Australian Accounting Standards board (AASB) Website: http://www.aasb.gov.au/Pronouncements/Current-standards.aspx

It is highly advisable that you print the required standards each week so that you can highlight relevant paragraphs and refer to them often. You will need to have the relevant standard to prepare and participate in your tutorials. Failure to print and take the standard to the tutorial will severely inhibit your study.

Recommended Addtional Textbooks

Leo, K., Knapp, J., McGowan, S., and Sweeting, J., 2018, Company Accounting, Eleventh Edition, John Wiley & Sons.

A complete set of accounting standards are available in the following handbook. While it is not necessary to purchase one of these, if you print the required standards from the AASB website they are a convenient resource. Note that accounting standards will not be allowed in the examination room.

- CAANZ (Chartered Accountants Australia and New Zealand) Financial Reporting Handbook 2017/2018 Australia published by Wiley. This is also available as an e-book.


A Note on the Role of Reading in This Course

While some students may feel that reading can be something of a “chore”, reading is a very important mechanism for your learning because books and articles are a significant repository of our knowledge. Many of the topics are complex and so it is impossible to cover all you need to know in the lectures alone. In order to make your reading as productive as possible, you can both highlight relevant sections of text and concurrently take written notes of what you have read. As suggested by research studies, taking notes helps retaining better the information in one's memory. Also, you can take breaks when reading, or read only small sections at a time. This will reduce your level of fatigue and again tend to improve your understanding and memory of the material.

You can also plan ahead with your reading. Some weeks may have more reading than others and you will sometimes need to start reading earlier than usual if you are to cover everything. The Topic Guide (available on MyUni under the Modules tab) contains a listing of the required reading for each Topic to assist you in your learning and reading activity.

Course materials for each topic are distributed online via the MyUni course website.

Lectures will be recorded and posted on the MyUni course site.

Lectures

Lectures are held once a week starting in the first week. You are expected to have read the relevant material before coming to the lecture. The lecture is designed to summarise the topic, explain concepts, stress important points and work through examples. You will gain more benefit from the lecture if you read the relevant section of the textbook and power point lecture slides.


Tutorials

Tutorial classes will be held weekly commencing in the second week of semester. Tutorials are designed to elaborate on the material presented in the previous week’s lecture. It is a chance to work though examples and ask questions and discuss issues. To gain the most benefit from tutorials you need to prepare answers to the questions in advance.

Membership of tutorial classes is to be finalised by the end of the first week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Lecturer-in-Charge, but should be aware that such a request may not be approved.

Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the school and are highly regarded by employers and professional bodies.

At the Masters level of study, you are much more responsible for the quality of your learning than an undergraduate student. Consequently, at this level of study the emphasis is upon active rather than passive learning. It is expected that each student will actively involve him/herself in the discussion during each tutorial. In general, a good participant will, among other things:

- Take the initiative and lead the discussion on a question;
- Be prepared to control the level of their involvement so that other class members can participate equally in the discussion;
- Present their points in a structured manner with reference to relevant accounting standards, readings and research evidence;
- Be prepared to accept and explore alternative viewpoints;
- Be willing to go beyond the suggested readings and resources and use their initiative to present other topical material as examples, e.g., recent newspaper articles;
- Speak clearly;
- Assist other members of the class with understanding the material;
- Be prepared to work cooperatively and productively in small groups;
- Be sensitive to the needs and feelings of other participants; and
- Be punctual.

It is not reasonable to expect that you will always have the “right” answer and, indeed, it should be recognised and understood that valid alternative points of view might well exist on an issue. This does not mean that “anything will do” when trying to find a solution to controversial topics – rather a “good” answer will be one that is grounded in, among other things, references to relevant and valid accounting standards and concepts.

Preparation prior to attending your tutorial is vital to your successful completion of this course and if you have not prepared beforehand you will have significant difficulties in understanding what is going on in the class session. However, the teaching staff are very happy to spend time assisting you with a question PROVIDED you have made a sincere written attempt beforehand.

The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 8 hours for a three-unit course of private study outside of your regular classes.

Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.

The Schedule of Lecture Topics

This course will cover the following topics. For more details please refer to the 'Course Information' tab on the MyUni course site.

Topic 1. Revision of Company Accounting - Presentation of Financial Statements and Overview of Investment Accounting Standards
Topic 2. Business Combinations
Topic 3. Consolidation: Controlled Entities
Topic 4. Consolidation – Wholly owned entities
Topic 5. Consolidation – Intra-group transactions
Topic 6. Consolidation: Non-controlling interest
Topic 7. Accounting for Associates - Equity Accounting
Topic 8. Foreign Currency Transactions and Hedges
Topic 9. Translation of Foreign Currency Financial Statements
Topic 10. Related Party Disclosures
Topic 11. Insolvency and Liquidation

ASSUMED KNOWLEDGE
As this is a course in advanced accounting, you are expected to have a strong understanding of material covered in prior related courses. Accounting courses build on one another and so prior accounting studies inevitably are examinable in this course, e.g., accounting for income tax.

Assessment Task	Weighting	Learning Outcome
Mid-Semester Exam	20%	1-5
Research Project	20%	1-6
Final Examination	60%	1-5
Total	100%

A class roll will be maintained for each tutorial group. Students are recommended to attend and participate in all tutorials.

To gain a pass for this course, a mark of at least 50% must be obtained on the final examination as well as a total of at least 50% overall. Students not achieving the minimum exam mark will be awarded no more than 49.

A student who fails any of the assessment items will NOT be permitted to resubmit that item for remarking.

Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process and reflect your competence in some types of communications skills. Marks may be deducted in the final examination because of poor hand-writing.

In this course, the use of calculators incapable of storing text is permitted in the final examination in this course.

Mid-semester exam-20 %
There will be a 1 hour mid-semester exam in week 6 (TBC). The exam will cover the content from the first four topics. The exam is a closed book exam. It is designed to help you assess how you are progressing along the way so you can adjust your learning accordingly, if neccesary.

Research Project – 20%
This research project is design to assist students to develop research skills that are associated with continuing professional development (i.e., an ability to teach yourself about new accounting standards) and advisory skills in which a professional accountant will need to research particular sets of circumstances, companies, or other situations and, on the basis of the evidence gathered, provide advice to clients and colleagues.

This research project will be undertaken in groups of five students who are enrolled in the same tutorial class. Further details are provided in the assignment instructions on the MyUni course site.

Final Exam – 60%
There will be a three hour exam at the end of the semester. All topics in the course are potentially examinable. The exam is ‘closed book’ and you will be permitted to take in a calculator. You may NOT take in a copy of the Accounting Standards. An exam overview and revision session is scheduled for week 12. It is highly advisable that students attend this (and all lectures).

The research project must be submitted electronically by the due date and time - detailed requirements will be posted on the MyUni site for this course. A submission link for lodgement will be available for you to access from the MyUni course site.