Course Coordinator:Graham Bowrey (gbowrey@usc.edu.au) School:School of Business and Creative Industries
USC SydneyUSC Melbourne |
Blended learning | Most of your course is on campus but you may be able to do some components of this course online. |
Please go to usc.edu.au for up to date information on the
teaching sessions and campuses where this course is usually offered.
This course is structured to enable you to complete financial accounting tasks with reference to the professional, legislative and theoretical framework of accounting. Completion of the course should enable you to demonstrate knowledge of the 'regulatory' environment within which accounting procedures and reporting practices operate. Financial Accounting is a key course for students who wish to pursue a career in professional accounting. Topics covered include the accounting conceptual framework; accounting for non-current assets and intangibles; cash flow statements; financial statement analysis; and accounting for leases.
Activity | Hours | Beginning Week | Frequency |
Blended learning | |||
Lecture | 2hrs | Not applicable | Not Yet Determined |
Tutorial/Workshop 1 | 1hr | Not applicable | Not Yet Determined |
500 Level (Advanced)
12 units
Course Learning Outcomes On successful completion of this course, you should be able to... | Graduate Qualities Completing these tasks successfully will contribute to you becoming... | |
1 | Use critical thinking to identify, analyse and solve problems in diverse areas of financial reporting. | Creative and critical thinker |
2 | Effectively communicate financial reporting and commerce-related knowledge and information. | Empowered |
3 | Understand and interpret commerce-related knowledge and information and apply such knowledge and information to regional, national and/or global business situations and decision making. | Knowledgeable |
Refer to the UniSC Glossary of terms for definitions of “pre-requisites, co-requisites and anti-requisites”.
ACC506 and enrolled in a postgraduate program.
Not applicable
Not applicable
Basic financial accounting knowledge acquired in ACC506
Standard Grading (GRD)
High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL). |
In week 8 tutorial, the assessment Task 2 will be reviewed and necessary feedback would be given to support and successfully completing the essay.
Delivery mode | Task No. | Assessment Product | Individual or Group | Weighting % | What is the duration / length? | When should I submit? | Where should I submit it? |
All | 1 | Examination - not Centrally Scheduled | Individual | 20% | 1 hour |
Week 5 | In Class |
All | 2 | Essay | Individual | 30% | 1,500 words |
Week 11 | Online Assignment Submission with plagiarism check |
All | 3 | Examination - Centrally Scheduled | Individual | 50% | 2 hours |
Exam Period | Exam Venue |
All - Assessment Task 1:Mid-semester test | |
Goal: | The aim is for you to use critical thinking to identify, analyse and solve problems; to show that you can understand and interpret financial reporting knowledge and information and apply such knowledge. |
Product: | Examination - not Centrally Scheduled |
Format: | This is an individual assessment. You will have 1 hour to complete the test which will be conducted in class during the normal lecture time. The test will comprise questions that will examine material covered in Weeks 1 to 4 of the course. |
Criteria: |
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All - Assessment Task 2:Essay | |
Goal: | The aim is for you to use critical thinking to identify, analyse and solve problems; to show that you can understand and interpret commerce-related knowledge and information and apply such knowledge; and communicate commerce related knowledge. |
Product: | Essay |
Format: | The assignment is to be your own individual work - it is not a group assignment. The approximate word count is 1,500 words. Details of the assignment will be provided on Blackboard. |
Criteria: |
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All - Assessment Task 3:Final Examination | |
Goal: | The aim is for you to use critical thinking to identify, analyse and solve problems; to show that you can understand and interpret commerce-related knowledge and information and apply such knowledge. |
Product: | Examination - Centrally Scheduled |
Format: | This is a centrally scheduled final examination and will be held during the end of semester examination period. The final examination will be two hours in duration, with 10 minutes perusal and will be closed book. Questions may be drawn from any of the topics covered in the course. More details on the final examination will be provided on Blackboard |
Criteria: |
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A 12-unit course will have total of 150 learning hours which will include directed study hours (including online if required), self-directed learning and completion of assessable tasks. Student workload is calculated at 12.5 learning hours per one unit.
Please note: Course information, including specific information of recommended readings, learning activities, resources, weekly readings, etc. are available on the course Canvas site– Please log in as soon as possible.
Please note that you need to have regular access to the resource(s) listed below. Resources may be required or recommended.
Required? | Author | Year | Title | Edition | Publisher |
Required | Loftus, J., Leo, K., Daniliuc, S., Boys, N., Luke, B., Ang, H. and Byrnes, K | 2018 | Financial Reporting | 2nd Edn. | John Wiley & Sons |
Not applicable
Academic integrity is the ethical standard of university participation. It ensures that students graduate as a result of proving they are competent in their discipline. This is integral in maintaining the value of academic qualifications. Each industry has expectations and standards of the skills and knowledge within that discipline and these are reflected in assessment.
Academic integrity means that you do not engage in any activity that is considered to be academic fraud; including plagiarism, collusion or outsourcing any part of any assessment item to any other person. You are expected to be honest and ethical by completing all work yourself and indicating in your work which ideas and information were developed by you and which were taken from others. You cannot provide your assessment work to others. You are also expected to provide evidence of wide and critical reading, usually by using appropriate academic references.
In order to minimise incidents of academic fraud, this course may require that some of its assessment tasks, when submitted to Canvas, are electronically checked through Turnitin. This software allows for text comparisons to be made between your submitted assessment item and all other work to which Turnitin has access.
Eligibility for Supplementary Assessment Your eligibility for supplementary assessment in a course is dependent of the following conditions applying: The final mark is in the percentage range 47% to 49.4% The course is graded using the Standard Grading scale You have not failed an assessment task in the course due to academic misconduct
Late submission of assessment tasks may be penalised at the following maximum rate: - 5% (of the assessment task's identified value) per day for the first two days from the date identified as the due date for the assessment task. - 10% (of the assessment task's identified value) for the third day - 20% (of the assessment task's identified value) for the fourth day and subsequent days up to and including seven days from the date identified as the due date for the assessment task. - A result of zero is awarded for an assessment task submitted after seven days from the date identified as the due date for the assessment task. Weekdays and weekends are included in the calculation of days late. To request an extension you must contact your course coordinator to negotiate an outcome.
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