Course coordinator
Dr Byungki Kim
Course overview
- Study period
- Semester 2, 2024 (22/07/2024 - 18/11/2024)
- Study level
- Postgraduate Coursework
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Business School
External reporting by companies, in particular, annual reports of public companies and reasons for alternative accounting and techniques used in such reports.
This course is concerned with advanced financial reporting issues. Building on knowledge you acquired in ACCT7101, this course focuses on the examination and implementation of accounting procedures and concepts required by Australian accounting standards and other accounting regulations. The issues covered relate to specific transactions, industries and disclosures. For each topic in the course, the issues covered include particular measurement rules (and any measurement choice allowed), specific accounting procedures and accounting concepts, disclosure in financial statements and disclosure in notes to financial statements, and recent research on the implications of the accounting choices available to managers.
Course requirements
Assumed background
A sound knowledge of topics covered in introductory accounting units is a necessary basis for satisfactory completion of this course. Before attempting this course, you are advised that it is important to complete the appropriate prerequisite course(s) listed on the front of this course profile. No responsibility will be accepted by the School of Business, the Faculty of Business, Economics and Law or The University of Queensland for poor student performance occurring in courses where the appropriate prerequisite(s) has/have not been completed, for any reason whatsoever.
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ACCT7101
Incompatible
You can't enrol in this course if you've already completed the following:
ACCT3102
Restrictions
Quota: Minimum of 15 enrolments
Course contact
Course staff
Lecturer
Dr Byungki Kim
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
ACCT7102 consists of one lecture in each of the scheduled weeks. A revision lecture will be conducted in the final week.
Each lecture has a workshop, starting from week 2 (e.g., workshop in week 2 covers lecture 1). In each week, there are a number of workshops available for each lecture. These workshops are designed to assist students who are struggling with the weekly materials. Each week, questions and problems are set and solutions are posted to the course Blackboard site. The solutions to selected questions and problems will be worked through during these workshops.
Please note: Teaching staff do not have access to the timetabling system to help with class allocation. Therefore, should you need help with your timetable and/or allocation of classes, please ensure you email business.mytimetable@uq.edu.au from your UQ student email account with the following details:
- Full Name
- Student ID
- Course Code
Aims and outcomes
This course aims to explore the effect of accounting standards and other accounting regulations on the financial information disclosed in the published financial reports of Australian listed companies. ACCT7102 also outlines the sources of accounting regulations, and emphasises accounting standards issued by the International Accounting Standards Board and adopted by the Australian Accounting Standards Board.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Describe and analyse the conceptual and methodological issues in recognising revenue and in accounting for topics such as company income taxes, non-current tangible and intangible assets, leases, subsequent events, extractive industries, revenue recognition, employee benefits, financial instruments and foreign currency transactions.
LO2.
Discuss national and international influences on the regulation of financial reporting by listed companies.
LO3.
Implement and evaluate the requirements of accounting standards and other regulations that govern accounting practice.
LO4.
Analyse specific situations and transactions, presented as a case study, and identify applicable accounting regulations and financial statement consequences.
LO5.
Understand and interpret reports including non-financial data and information such as sustainability reports, integrated reports and extended external reporting.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Examination |
In-Semester Exam during Class
|
25% |
26/08/2024 2:00 pm
Paper based exam held during class. |
| Paper/ Report/ Annotation | Individual Case Study Assignment | 25% |
9/10/2024 2:00 pm |
| Examination |
Final Exam
|
50% |
End of Semester Exam Period 2/11/2024 - 16/11/2024 |
Assessment details
In-Semester Exam during Class
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 25%
- Due date
26/08/2024 2:00 pm
Paper based exam held during class.
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03
Task description
The in-semester exam will be held during the lecture time (i.e., 2:00 PM - 5:00PM).
Coverage: Topics 1, 2, 3 and 4
Note: This assessment task is to be completed in person. If you are unable to sit your exam, you must apply for a deferred exam.
This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | (In person) Casio FX82 series or UQ approved , labelled calculator only |
| Open/closed book | Closed Book examination - no written materials permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Late submission
Exams submitted after the end of the submission time will incur a late penalty.
Individual Case Study Assignment
- Mode
- Written
- Category
- Paper/ Report/ Annotation
- Weight
- 25%
- Due date
9/10/2024 2:00 pm
- Learning outcomes
- L04, L05
Task description
You are required to independently prepare a case study report.
The case will be used to examine your research skills, professional writing skills, general accounting knowledge, and the ability to critically source and evaluate complex case scenarios.
Full details of the assignment will be provided via the course Blackboard site.
Note: This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
The case study assignment is to be submitted online through Turnitin on the course Blackboard site. The submission instructions are provided with the case study assignment questions. These questions will be available on the course Blackboard site.
Deferral or extension
You may be able to apply for an extension.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Final Exam
- Identity Verified
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 50%
- Due date
End of Semester Exam Period
2/11/2024 - 16/11/2024
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03
Task description
The final examination will comprise: short answer, practical and problem type questions.
More details will be provided in class and on the course Blackboard site.
Note: This assessment task is to be completed in person. If you are unable to sit your exam, you must apply for a deferred exam.
This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | (In person) Casio FX82 series or UQ approved , labelled calculator only |
| Open/closed book | Closed Book examination - no written materials permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0 - 29 |
Absence of evidence of achievement of course learning outcomes. |
| 2 (Fail) | 30 - 46 |
Minimal evidence of achievement of course learning outcomes. |
| 3 (Marginal Fail) | 47 - 49 |
Demonstrated evidence of developing achievement of course learning outcomes |
| 4 (Pass) | 50 - 64 |
Demonstrated evidence of functional achievement of course learning outcomes. |
| 5 (Credit) | 65 - 74 |
Demonstrated evidence of proficient achievement of course learning outcomes. |
| 6 (Distinction) | 75 - 84 |
Demonstrated evidence of advanced achievement of course learning outcomes. |
| 7 (High Distinction) | 85 - 100 |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
Grades will be allocated according to University-wide standards of criterion-based assessment.
Supplementary assessment
Supplementary assessment is available for this course.
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Find the required and recommended resources for this course on the UQ Library website.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Week 1 |
Lecture |
Lecture 1 - Accounting for Non-Current Assets Valuation and impairment Learning outcomes: L01, L02, L03 |
Week 2 |
Workshop |
Workshop 1 - Accounting for Non-Current Assets Valuation and impairment Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 2 - Accounting for Income Taxes Accounting for income taxes from an accounting perspective Learning outcomes: L01, L02, L03 |
|
Week 3 |
Workshop |
Workshop 2 - Accounting for Income Taxes Accounting for income taxes from an accounting perspective Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 3 - Accounting for Leases (Part 1) Accounting treatment of leases for Lessees Learning outcomes: L01, L02, L03 |
|
Week 4 |
Workshop |
Workshop 3 - Accounting for Leases (Part 1) Accounting treatment of leases for Lessees (Note: Wednesday 14th August is EKKA public holiday. Students who normally attend the Wednesday workshop can attend alternate workshops in this week). Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 4 - Accounting for Leases (Part 2) Accounting treatment of leases for Lessors Learning outcomes: L01, L02, L03 |
|
Week 5 |
Workshop |
Workshop 4 - Accounting for Leases (Part 2) Accounting treatment of leases for Lessors Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 5 - Accounting for Intangibles Recognition and subsequent measurement of intangibles Learning outcomes: L01, L02, L03 |
|
Week 6 |
No student involvement (Breaks, information) |
No Workshop - In-Semester Exam There will be no lecture and no workshops in this week to assist with revision for the mid-semester test. |
Lecture |
In-Semester Exam Mid-Semester Exam during class time. There will be no lecture and no workshops this week. Learning outcomes: L01, L02, L03 |
|
Week 7 |
Workshop |
Workshop 5 - Accounting for Intangibles Recognition and subsequent measurement of intangibles Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 6 - Revenue Recognition An overview of AASB 15 and its implications & exceptions. Learning outcomes: L01, L02, L03 |
|
Week 8 |
Workshop |
Workshop 6 - Revenue Recognition An overview of AASB 15 and its implications & exceptions. Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 7 - Case Study Development An introduction to the process of answering a case study, and coverage of material relevant to your case study assignment Learning outcomes: L04, L05 |
|
Week 9 |
Workshop |
Workshop 7 - Case Study Development An introduction to the process of answering a case study, and coverage of material relevant to your case study assignment Learning outcomes: L04, L05 |
Lecture |
Lecture 8 - Accounting for foreign currency Discussion of functional vs presentation currency, and accounting treatments for foreign currency transactions. Learning outcomes: L01, L02, L03 |
|
Mid Sem break |
No student involvement (Breaks, information) |
In-Semester Break There are no lecture or workshops this week |
Week 10 |
Workshop |
Workshop 8 - Accounting for foreign currency Discussion of functional vs presentation currency, and accounting treatments for foreign currency transactions. Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 9 - Accounting for Financial Instruments Discussion of accounting for financial instruments, including financial assets, liabilities and equity instruments. Learning outcomes: L01, L02, L03 |
|
Week 11 |
Workshop |
Workshop 9 - Accounting for Financial Instruments Discussion of accounting for financial instruments, including financial assets, liabilities and equity instruments. Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 10 - Accounting for Employee Benefits Accounting for various types of employee benefits (Note: Monday 7th October is King's birthday public holiday. A pre-recorded lecture will be provided this week.) Learning outcomes: L01, L02, L03 |
|
Week 12 |
Workshop |
Workshop 10 - Accounting for Employee Benefits Accounting for various types of employee benefits Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 11 - Accounting for Extractive Industries Examination of accounting for extractive industries as an exception to the revenue recognition principles of AASB 15 Learning outcomes: L01, L02, L03 |
|
Week 13 |
Workshop |
Workshop 11 - Accounting for Extractive Industries Examination of accounting for extractive industries as an exception to the revenue recognition principles of AASB 15 Learning outcomes: L01, L02, L03 |
Lecture |
Lecture 12 - Course Revision Revision of materials covered in the course Learning outcomes: L01, L02, L03 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.