COURSE OUT LINE

ACC221 Company Accounting

Course Coordinator: Peter Baxter ([email protected]) School: School of Business and Creative Industries

2021 Semester 1

USC Sunshine Coast

USC Moreton Bay Most of your course is on campus but you may be able to do some components of this
ON CAMPUS
USC Fraser Coast course online.

USC Southbank

Online ONLINE 1 You can do this course without coming onto campus.

Please go to the USC website for up to date information on the

teaching sessions and campuses where this course is usually offered.

1. What is this course about?

1.1. Description
This course is designed to impart basic skills towards the interpretation and application of accounting standards and other statutory
requirements reflected in company financial reports. The first section of the course covers specific company reporting issues such as
accounting for company income tax, foreign currency transactions and business combinations. The remaining section of the course
concerns company consolidations and accounting for investments in associated entities.
1.2. How will this course be delivered?
ACTIVITY HOURS BEGINNING WEEK FREQUENCY

ON CAMPUS

Tutorial/Workshop – In-class tutorial 2hrs Week 2 11 times

Online – Pre-recorded concept videos and associated activity 1hr Week 1 12 times

ONLINE 1

Tutorial/Workshop – Interactive zoom tutorial 2hrs Week 2 11 times

Online – Pre-recorded concept videos and associated activity 1hr Week 1 12 times

1.3. Course Topics

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1.3. Course Topics
Week 1: Share capital and reserves (Chapter 13)
Week 2: Accounting for income taxes (Chapter 18)
Week 3: Earnings per share (Chapter 24)
Week 4: Online test (Task 1)
Week 5: Accounting for the extractive industries (Chapter 20)
Week 6: Accounting for group structures (Chapter 25)
Week 7: Accounting for intragroup transactions (Chapter 26)
Week 8: Accounting for non-controlling interests (Chapter 27)
Week 9: Revision on consolidations
Week 10: Accounting for investments in associates (Chapter 29)
Week 11: Accounting for foreign currency transactions (Chapter 30)
Week 12: Accounting for corporate social responsibility (Chapter 32)
Week 13: Revision

2. What level is this course?

200 Level (Developing)
Building on and expanding the scope of introductory knowledge and skills, developing breadth or depth and applying knowledge and
skills in a new context. May require pre-requisites where discipline specific introductory knowledge or skills is necessary. Normally,
undertaken in the second or third full-time year of an undergraduate programs.

3. What is the unit value of this course?

12 units

4. How does this course contribute to my learning?

COURSE LEARNING OUTCOMES GRADUATE QUALITIES MAPPING PROFESSIONAL STANDARD MAPPING

On successful completion of this course, you Completing these tasks successfully will Association to Advance Collegiate Schools of
should be able to... contribute to you becoming... Business

1 Critically analyse and solve a variety of Creative and critical thinker PC3 - Creative and Critical Thinking
company accounting problems. PC3.1 - Problem Solving
PC6.2 - Discipline Knowledge

2 Understand, interpret and apply company Knowledgeable PC3 - Creative and Critical Thinking
accounting knowledge to a range of PC3.1 - Problem Solving
business situations. PC6.2 - Discipline Knowledge

3 Demonstrate effective oral Empowered PC1 - Communication

communication skills in a company PC1.2 - Oral Communication
accounting context.

5. Am I eligible to enrol in this course?

Refer to the USC Glossary of terms for definitions of “pre-requisites, co-requisites and anti-requisites”.
5.1. Pre-requisites
ACC210

5.2. Co-requisites
Not applicable

5.3. Anti-requisites
Not applicable

5.4. Specific assumed prior knowledge and skills (where applicable)

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5.4. Specific assumed prior knowledge and skills (where applicable)
A sound understanding of the topics covered in ACC210 Financial Accounting.

6. How am I going to be assessed?

6.1. Grading Scale
Standard Grading (GRD)
High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL).
6.2. Details of early feedback on progress
The course includes an online test in week 4 which provides students with early feedback on their progress.
6.3. Assessment tasks
DELIVERY TASK ASSESSMENT INDIVIDUAL WEIGHTING WHAT IS THE WHEN SHOULD I SUBMIT? WHERE SHOULD I
MODE NO. PRODUCT OR GROUP % DURATION / SUBMIT IT?
LENGTH?

All 1 Quiz/zes Individual 20% 1 hr Week 4 Online Test (Quiz)

All 2 Oral Individual 30% 15 minutes Week 11 Online Assignment

Submission

All 3 Examination - Individual 50% 3 hours Exam Period Online Test (Quiz)
Centrally
Scheduled

All - Assessment Task 1: Online test

GOAL: To demonstrate understanding and application of company accounting knowledge covered in weeks 1 and 2.
PRODUCT: Quiz/zes

FORMAT: The test will be conducted online during Week 4 and will comprise multiple-choice questions examining material covered in
Weeks 1 and 2 (Share capital and reserves and Accounting for income taxes). More details will be provided on Blackboard.

CRITERIA:
No. Learning Outcome
assessed

1 Solution of company accounting problems 1

2 Application of company accounting knowledge to several practical scenarios 2

All - Assessment Task 2: Recorded presentation

GOAL: To develop and demonstrate knowledge of company accounting and oral communication skills.

PRODUCT: Oral

FORMAT: Week 11
You are required to prepare a recorded audio and video presentation (15 minutes) on several company accounting topics.
More information on the requirements for the presentation will be provided on Blackboard.

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 CRITERIA:
No. Learning Outcome
assessed

1 Structure of the presentations; 3

2 Clarity, logic and flow of arguments presented 3

3 Depth and breadth of content 3

4 Use of appropriate verbal and non-verbal communication 3

5 Use of appropriate visual aids 3

6 Use of effective time management 3

All - Assessment Task 3: Online final examination

GOAL: The goal of the final exam is to provide you with an opportunity to demonstrate your understanding and application of the
material covered in weeks 3 to 12 of the course.

PRODUCT: Examination - Centrally Scheduled

FORMAT: The final exam will comprise several questions drawn from the topics covered in weeks 3 to 12 of the course. You will have 3
hours to complete the exam. More details will be provided to you later in the semester.

CRITERIA:
No. Learning Outcome
assessed

1 Solution of several company accounting problems 1

2 Application of company accounting knowledge to several practical scenarios 2

7. Directed study hours

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. Directed study hours may vary by location. Student workload is calculated at 12.5 learning
hours per one unit.

7.1. Schedule
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7.1. Schedule
PERIOD AND TOPIC ACTIVITIES

Week 1: Share capital and reserves (Chapter 13) Pre-recorded concept videos and associated activities only
No Tutorial

Week 2: Accounting for income taxes (Chapter 18) Pre-recorded concept videos and associated activities
Tutorial

Week 3: Earnings per share (Chapter 24) Pre-recorded concept videos and associated activities
Tutorial

Week 4: Online test (Task 1) No pre-recorded concept videos, activities or tutorial

Week 5: Accounting for the extractive industries (Chapter 20) Pre-recorded concept videos and associated activities
Tutorial

Week 6: Accounting for group structures (Chapter 25) Pre-recorded concept videos and associated activities
Tutorial

Week 7: Accounting for intragroup transactions (Chapter 26) Pre-recorded concept videos and associated activities
Tutorial

Week 8: Accounting for non-controlling interests (Chapter 27) Pre-recorded concept videos and associated activities
Tutorial

Week 9: Revision on consolidations Pre-recorded concept videos and associated activities

Tutorial

Week 10: Accounting for investments in associates (Chapter 29) Pre-recorded concept videos and associated activities
Tutorial

Week 11: Accounting for foreign currency transactions (Chapter 30) Pre-recorded concept videos and associated activities
Tutorial

Week 12: Accounting for corporate social responsibility (Chapter 32) Pre-recorded concept videos and associated activities
Tutorial

Week 13: Revision Pre-recorded concept videos and associated activities only
Tutorial

8. What resources do I need to undertake this course?

Please note: Course information, including specific information of recommended readings, learning activities, resources, weekly
readings, etc. are available on the course Blackboard site– Please log in as soon as possible.
8.1. Prescribed text(s) or course reader
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 PUBLISHER

Required Deegan, C 2020 Financial Accounting McGraw-Hill

8.2. Specific requirements

Not applicable

9. How are risks managed in this course?

Health and safety risks for this course have been assessed as low. It is your responsibility to review course material, search online,
discuss with lecturers and peers and understand the health and safety risks associated with your specific course of study and to
familiarise yourself with the University’s general health and safety principles by reviewing the online induction training for students, and
following the instructions of the University staff.

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10. What administrative information is relevant to this course?
10.1. Assessment: Academic Integrity
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
Blackboard, are electronically checked through SafeAssign.  This software allows for text comparisons to be made between your
submitted assessment item and all other work that SafeAssign has access to.
10.2. Assessment: Additional Requirements
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
10.3. Assessment: Submission penalties
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.
10.4. Study help
For help with course-specific advice, for example what information to include in your assessment, you should first contact your tutor, then
your course coordinator, if needed.
If you require additional assistance, the Learning Advisers are trained professionals who are ready to help you develop a wide range of
academic skills. Visit the Learning Advisers web page for more information, or contact Student Central for further assistance: +61 7
5430 2890 or [email protected].
10.5. Wellbeing Services
Student Wellbeing provide free and confidential counselling on a wide range of personal, academic, social and psychological matters,
to foster positive mental health and wellbeing for your academic success.
To book a confidential appointment go to Student Hub, email [email protected] or call 07 5430 1226.
10.6. AccessAbility Services
Ability Advisers ensure equal access to all aspects of university life. If your studies are affected by a disability, learning disorder mental
health issue, , injury or illness, or you are a primary carer for someone with a disability or who is considered frail and aged,
AccessAbility Services can provide access to appropriate reasonable adjustments and practical advice about the support and facilities
available to you throughout the University.
To book a confidential appointment go to Student Hub, email [email protected] or call 07 5430 2890.
10.7. Links to relevant University policy and procedures
For more information on Academic Learning & Teaching categories including:
Assessment: Courses and Coursework Programs
Review of Assessment and Final Grades
Supplementary Assessment
Administration of Central Examinations
Deferred Examinations
Student Academic Misconduct
Students with a Disability
Visit the USC website: http://www.usc.edu.au/explore/policies-and-procedures#academic-learning-and-teaching

10.8. General Enquiries

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10.8. General Enquiries
In person:
USC Sunshine Coast - Student Central, Ground Floor, Building C, 90 Sippy Downs Drive, Sippy Downs
USC Moreton Bay - Service Centre, Ground Floor, Foundation Building, Gympie Road, Petrie
USC SouthBank - Student Central, Building A4 (SW1), 52 Merivale Street, South Brisbane
USC Gympie - Student Central, 71 Cartwright Road, Gympie
USC Fraser Coast - Student Central, Student Central, Building A, 161 Old Maryborough Rd, Hervey Bay
USC Caboolture - Student Central, Level 1 Building J, Cnr Manley and Tallon Street, Caboolture
Tel: +61 7 5430 2890
Email: [email protected]

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