成人大片

Course Coordinator: Dr Chelsea Liu 

Dr Chelsea Liu
Location: Room 13.43, Level 13, Building: 10 Pulteney Street
email: chelsea.liu@adelaide.edu.au  

Course Website:   

Contact details and consultation times of all tutors will be published on the MyUni course website.

COURSE LEARNING OBJECTIVES

This course seeks to develop your knowledge and understanding in relation to the following areas:

1.     The different types of relationships between entities and how these relationships are defined for accounting purposes;

2.     The implications of these inter-entity relationships with respect to determining 'reporting entities' for the purpose of financial reporting;

3.      The appropriate accounting treatment for each of the different inter-entity relationships as prescribed by the relevant accounting standards, and the application of relevant accounting techniques;

4.      The strategic and business model issues associated with business combinations;

5.      The accounting for foreign operations belonging to a reporting entity;

6.      Some issues in the analysis of consolidated reporting entities (e.g., segment reporting; related party transactions).

LEARNING OUTCOMES

A.      A thorough knowledge of those accounting standards and other regulatory pronouncements that address accounting for inter-entity relationships;

B.     An understanding of the concepts which underlie group accounting practice;

C.     An ability to apply these concepts and accounting standards to resolving practical problems in accounting for inter-entity relationships;

D.     An ability to prepare consolidated financial statements;

E.     Skills in problem definition and problem solving;

F.     An ability to deal with the constant innovation and change found in contemporary
accounting practice; and

G.    Skills in written and verbal communication, including the presentation and defence of accounting policy choices.

Textbooks:

Leo,K., Knapp, J.,, McGowan, S., and Sweeting, J., Company Accounting, 10th Edition, 2015, J. Wiley and Sons, Australia.

[Please do not use a prior edition of the textbook, as you will be significantly disadvantaged by not having access to all the learning materials.] 
 
2015 Accounting Handbook / Financial Reporting Handbook
[either the CPA Australia OR ICAA versions are acceptable. Note an e-book version is available but cannot be taken into exams]. 

You are permitted to take your handbook into the examinations of this course but the handbook cannot contain any writing, notes, tabs, or any other form of unauthorised assistance. Underlining and highlighting are permitted.

You are allowed to take a prior edition of the handbook into the exam, however, no marks will be awarded if references are made to outdated sections of the accounting standards.

Readings:

Additional compulsory readings in the form of short articles or book chapters have been provided on MyUni to either elaborate on, or supplement, items in the textbook.  In some cases, there are no relevant readings in the textbook and you will need to use the readings provided on MyUni.

Reading is a very important mechanism for your learning in this course. Lectures will only serve to highlight the key points in each topic, which are to be supplemented by completing the prescribed readings. Everything covered in the prescribed readings is potentially examinable.

See MyUni course website for recommended resources.

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

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

TEACHING & LEARNING MODES

For each topic of this course, the following steps are designed to enable you to maximise your learning efficiency and effectiveness:

[Stage 1: Background Information]

1.  Read the course materials and prescribed readings (all readings are potentially examinable) before attending lectures.

[Stage 2: Instructions & Demonstrations]

2.  Lectures: serve to highlight the key content of each topic. Lectures will be recorded and posted on MyUni.

[Stage 3: Practice and Feedback]

3.  Tutorials: allow you to explore issues and material in an interactive small group setting and receive feedback and guidance. 

Please attempt your tutorial questions before attending the tutorials, which is vital to your successful completion of this course. If you have not prepared beforehand you will have significant difficulties in understanding what is going on in the class session.

[Stage 4: independent learning]

4. Self-Study Questions: help you to further solidify your understanding of each topic.

[Stage 5: further feedback and guidance]

5. Discussion Boards and Consultation Times: are available for your to resolve any remaining queries.

TUTORIAL ENROLMENTS

Tutorials commence in Week 2.

Students must attend the tutorial in which they are enrolled. Lecturers and tutors do not have the authority to override the university enrolment system. If you attend a tutorial in which you are not enrolled, you may be asked to leave.

You are only allow to sit the in-class test in the tutorial in which you are enrolled (see below for details in the 'Assessments' section).

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The University expects full-time students (ie those taking 12 units per semester) to devote a total of 48 hours per week to their studies.

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

Topic 1 - Inter-entity relationships & Accounting for simple share investments

Topic 2 - Due Diligence in Business Acquisitions & Takeover and Competition Laws

Topic 3 - Business Combinations through acquiring assets and liabilities

Topic 4 - Consolidation - Introduction(the concept of control)

Topic 5 - Consolidation - Wholly Owned Subsidiaries

(Note:Mid-Semester Exam will take place in week 6 during the usual lecture time; tutorials will run as normal).

Topic 6 - Consolidation - Intra-Group Transactions (weeks 7-8)

Topic 7 - Consolidation - Non-Controlling Interest

Topic 8 - Investments in Associates - Equity Accounting

Topics 9 and 10 - Accounting for Joint Arrangements & Foreign Currency Translation

Topic 11 - Segment Reporting & Related Party Disclosures.

Note: the relevant readings and tutorial activities for each topic are provided on separate topic outline handouts provided on the MyUni site for this course.

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. As a minimum, you are expected to be already familiar with specific topics covered in chapters 1 -3, 5 - 6, 9 and 11 of the textbook.

The assessments of this course are as follows: 

In-Class Tests 10%

Details:
- Three (3) tests will take place in your tutorial classes throughout the semester.
- The timing of the tests will NOT be announced in advance, designed to encourage your to prepare for and attend every tutorial.
- Each test will cover the materials up to the previous week (e.g. if a test is held in Week 3, Topics 1-2 would be examinable).
- The final score would be the average of the best 2 out of 3 test marks. 

Oral Communications Assignment 20%

Details:
- To be completed in groups of 3 students.
- Further details are provided in a separate handout and via the ‘Assignments’ tab on the MyUni site for this course.

Mid-Semester Exam 20%

Details:
- Date: Friday, 4th September
- Time: 1:00pm - 2:30pm (starts at 1pm, NOT 1:10pm)
- Venue: Bonython Hall
- Duration: 1.5 hours.
- Topics examined: Topics 1 - 4. 

Final Exam 50%

Details:
- Duration: 3 hours.

Important Note: In order to pass this course, students must achieve a passing grade (50%) in the final exam, as well as an overall course result of 50% or more, in order to gain a pass for this course. Students who fail the final exam will be awarded a maximum mark of 49 as the final course mark.

In-Class Tests and Tutorial Enrolments

Students can only sit the in-class tests in the tutorials in which they are officially enrolled (via Access Adelaide).

If you attend a tutorial in which you are not enrolled, you might be asked to leave and will not be allowed to sit the in-class test.

Students can only change their tutorial enrolments through Access Adelaide. Lecturers and tutors do not have the authority to override the university enrolment system.

The detailed requirements of each assessment item will be posted on the MyUni site for this course.

The detailed requirements will be posted on the MyUni site for this course.