School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for Semester 1 2020 Units. Students will be notified of all approved modifications by Unit Coordinators via email and Unit Blackboard sites. Where changes have been made, these are designed to ensure that you still meet the unit learning outcomes in the context of our adjusted teaching and learning arrangements.

  • Unit Title

    Financial Reporting Standards
  • Unit Code

    ACC2700
  • Year

    2020
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Siew Hoon ONG

Description

This unit is designed to build and extend students' knowledge of the impact of accounting theory, law and practice on corporate accounting in Australia. A number of accounting standards are considered and key topics in the preparation of general purpose financial reports are addressed.

Prerequisite Rule

Students must have passed ACC2250.

Equivalent Rule

Unit was previously coded ACC3530

Learning Outcomes

On completion of this unit students should be able to:

  1. Apply the relevant accounting standards to analyse accounting problems for financial reporting purposes.
  2. Work collaboratively in preparation of a group project demonstrating application of relevant accounting standards.
  3. Prepare financial statements for external reporting purposes by demonstrating effective communication skills in the application of selected accounting standards.

Unit Content

  1. Accounting regulation and the Conceptual Framework
  2. Preparation of cash flow statements
  3. Accounting for income taxes
  4. Revenue recognition and applications in different industries
  5. Earnings per share
  6. Financial reporting by segments
  7. Translation of foreign operations
  8. Consolidation: Preparation of group accounts

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 213 x 2 hour seminarNot Offered13 x 2 hour seminar

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On–Campus students will attend on campus classes as well as engage in learning activities through weekly seminars and activities in Blackboard. To maximise engagement and opportunities for learning, some of the learning activities may be conducted in the form of webinars and video conferencing; mirroring the way that businesses use to communicate and learn. Details about these activities are provided in the unit plan schedule. Online students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies. These may include the use of webinars, videoconferencing and online discussion board activities. Details about these activities are provided in the unit plan schedule. This unit uses technology enhanced learning (TEL) to enhance the teaching and learning experiences for students. The unit involves a mix of delivery modes, teaching approaches and learning styles, some of the modules in the unit will be taught via online video, and completing pre-class tasks. Students are assisted with the interpretation and application of the accounting standards. They are required to demonstrate the application of the accounting standard by working through practical examples.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ParticipationParticipation10%
ProjectCollaborative project 15%
TestProgression Test 15%
Examination ^Final Examination60%
ONLINE
TypeDescriptionValue
ParticipationParticipation10%
ProjectCollaborative project 15%
TestProgression Test 15%
Examination ^Final Examination60%

^ Mandatory to Pass

Core Reading(s)

  • Loftus, J., Leo, K., Daniliuc, S., Boys, N., Luke, B., Ang, H., & Byrnes, K. (2020). Financial Reporting (3rd ed.). Milton, Qld: Wiley. Retrieved from https://ecu.on.worldcat.org/oclc/1129459243

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC2700|2|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for this unit. All assessment changes will be published by 27 July 2020. All students are reminded to check handbook at the beginning of semester to ensure they have the correct outline.

  • Unit Title

    Financial Reporting Standards
  • Unit Code

    ACC2700
  • Year

    2020
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Siew Hoon ONG

Description

This unit is designed to build and extend students' knowledge of the impact of accounting theory, law and practice on corporate accounting in Australia. A number of accounting standards are considered and key topics in the preparation of general purpose financial reports are addressed.

Prerequisite Rule

Students must have passed ACC2250.

Equivalent Rule

Unit was previously coded ACC3530

Learning Outcomes

On completion of this unit students should be able to:

  1. Apply the relevant accounting standards to analyse accounting problems for financial reporting purposes.
  2. Work collaboratively in preparation of a group project demonstrating application of relevant accounting standards.
  3. Prepare financial statements for external reporting purposes by demonstrating effective communication skills in the application of selected accounting standards.

Unit Content

  1. Accounting regulation and the Conceptual Framework.
  2. Preparation of cash flow statements.
  3. Accounting for income taxes.
  4. Revenue recognition and applications in different industries.
  5. Earnings per share.
  6. Financial reporting by segments.
  7. Translation of foreign operations.
  8. Consolidation: Preparation of group accounts.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 213 x 2 hour seminarNot Offered13 x 2 hour seminar

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

This unit uses technology enhanced learning (TEL) to enhance the teaching and learning experiences for students. The unit involves a mix of delivery modes, teaching approaches and learning styles with videos and completion of pre-class tasks prior to attending classes. Students are assisted with the interpretation and application of the accounting standards. They are required to demonstrate the application of the accounting standard by working through practical examples.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ParticipationParticipation10%
ProjectCollaborative project 15%
TestProgression Test 15%
Assignment ^Assignment - Short Exercise Questions20%
Assignment ^Assignment - Problem Questions40%
ONLINE
TypeDescriptionValue
ParticipationParticipation10%
ProjectCollaborative project 15%
TestProgression Test 15%
Assignment ^Assignment - Short Exercise Questions20%
Assignment ^Assignment - Problem Questions40%

^ Mandatory to Pass

Core Reading(s)

  • Loftus, J., Leo, K., Daniliuc, S., Boys, N., Luke, B., Ang, H., & Byrnes, K. (2020). Financial Reporting (3rd ed.). Milton, Qld: Wiley. Retrieved from https://ecu.on.worldcat.org/oclc/1129459243
  • Chartered Accountants Australia New Zealand. (2020). Financial reporting handbook 2020 (pp. xii, 1887). Milton, Queensland: John Wiley & Sons Australia. Retrieved from https://ecu.on.worldcat.org/oclc/1141200940

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC2700|2|2