Overview
In this unit you will examine a selection of Australian accounting standards that address fundamental issues in financial reporting. You commence with an analysis of the role of accounting standards in the regulation of financial reporting in Australia and the concepts in the Conceptual Framework for Financial Reporting. You then interpret and apply the requirements of the selected accounting standards to solve routine accounting problems. This unit develops your professional competence in accounting as well as preparing you for future participation in an international and dynamic professional accounting environment.
Details
Pre-requisites or Co-requisites
Pre-requisite: ACCT19084 or ACCT11081
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 3 - 2026
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
| Assessment Task | Part Weighting (% of assessment) |
Assessment Security Level | Gen AI Guidance Levels |
|---|---|---|---|
| 1. Online Quizzes (10% of unit ) | |||
| Online Assessment (Online Quiz(zes)) | 100% of 10% | Low | AI-Assisted (Guided Collaboration) |
| 2. Online written assessment (40% of unit ) | |||
| Online Written Assessment (Written Assessment) | 100% of 40% | Low | AI-Assisted (Guided Collaboration) |
| 3. Online written assessment (50% of unit ) | |||
| Final Online Written Assessment (Online Test) | 100% of 50% | Low | AI-Assisted (Guided Collaboration) |
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of 'pass' in order to pass the unit. If any 'pass/fail' tasks are shown in the table above they must also be completed successfully ('pass' grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the 'assessment task' section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University's Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Academic Progression Policy and Procedure
- Student Refund and Credit Balance Policy and Procedure
- Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from SUTE comment
Use more examples or elaboration and link content to real-world applications. Be mindful of student diversity.
Noted and included more examples from real life and will remain mindful about student diversity.
- Explain the regulatory environment for financial reporting in Australia
- Apply and interpret the AASB’s Conceptual Framework for Financial Reporting
- Interpret the technical requirements and conceptual aspects of selected accounting standards that address fundamental issues in financial reporting
- Apply the requirements of relevant accounting standards, conceptual accounting knowledge and professional judgement, to solve routine accounting problems.
Yes, this unit is an accredited unit of accounting professional bodies.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
|
1.
Assessment 1
(10% of unit )
Online Quiz(zes)
|
||||
|
2.
Assessment 2
(40% of unit )
Written Assessment
|
||||
|
3.
Assessment 3
(50% of unit )
Online Test
|
||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Communication | ||||
| 2 - Problem Solving | ||||
| 3 - Critical Thinking | ||||
| 4 - Information Literacy | ||||
| 5 - Team Work | ||||
| 6 - Information Technology Competence | ||||
| 7 - Cross Cultural Competence | ||||
| 8 - Ethical practice | ||||
| 9 - Social Innovation | ||||
| 10 - First Nations Knowledges | ||||
| 11 - Aboriginal and Torres Strait Islander Cultures | ||||
Textbooks
Issues in Financial Accounting
- 16th Edition (2017)
- Authors: Scott Henderson, Graham Peirson, Kathy Herbohn, Tracy Artiach, and Bryan Howieson
- Pearson
- Melbourne Melbourne , VIC , Australia
- ISBN: 9781394333943
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
All submissions for this unit must use the referencing style: American Psychological Association 7th Edition (APA 7th edition)
For further information, see the Assessment Tasks.
s.kutubi@cqu.edu.au
Week 1
Begin Date: 09 Nov 2026Module/Topic
The regulation of financial reporting in
Australia
Chapter
Chapter 1
Events and Submissions/Topic
Assessment 1 (online assessment 1)
will be available online on Monday at 9
am of week 1
Week 2
Begin Date: 16 Nov 2026Module/Topic
The conceptual framework for financial
reporting
Chapter
Chapters 2 and 3
AASB Conceptual Framework for
Financial Reporting
Events and Submissions/Topic
Assessment 1 (online assessment 2)
will be available online on Monday at 9
am of week 2
Week 3
Begin Date: 23 Nov 2026Module/Topic
Financial statement presentation
Chapter
Chapters 6 and 14
AASB 101 Presentation of Financial
Statements
Events and Submissions/Topic
Assessment 1 (online assessment 1
and 2) will be closed online on Friday
at 5 pm of week 3
Online Assessment Due: Week 3 Friday (27 Nov 2026) 5:00 pm AEST
Week 4
Begin Date: 30 Nov 2026Module/Topic
Accounting policies, estimates, and
errors
Chapter
Chapter 18
AASB 108 Accounting Policies,
Changes in Accounting Estimates and
Errors
Events and Submissions/Topic
Week 5
Begin Date: 07 Dec 2026Module/Topic
Revenue from contracts with customers
Chapter
Chapter 15
AASB 15 Revenue from Contracts with
Customers
Events and Submissions/Topic
Week 6
Begin Date: 14 Dec 2026Module/Topic
Fair value measurement
Provisions, contingent liabilities, and
contingent assets
Chapter
Chapter 4
AASB 13 Fair Value Measurement
Events and Submissions/Topic
Mid-Term Break
Begin Date: 21 Dec 2026Module/Topic
Chapter
Events and Submissions/Topic
Week 7
Begin Date: 04 Jan 2027Module/Topic
Property, plant, and equipment
Chapter
Chapter 8
AASB 116 Property, Plant and Equipment
Events and Submissions/Topic
Assessment 2
Will be available via online Written
Assessment
Due: Week 7
Available from Friday 9.00 am AEST to
Friday 5:00 pm AEST
Online Written Assessment Due: Week 7 Friday (8 Jan 2027) 5:00 pm AEST
Week 8
Begin Date: 11 Jan 2027Module/Topic
Intangible assets
Chapter
Chapter 10
AASB 138 Intangible Assets
AASB 3 Business Combinations
Events and Submissions/Topic
Week 9
Begin Date: 18 Jan 2027Module/Topic
Impairment of Assets
Chapter
Study materials are available in the
unit Moodle
AASB 136 Impairment of Assets
Events and Submissions/Topic
Week 10
Begin Date: 25 Jan 2027Module/Topic
Leases
Chapter
Chapter 11
AASB 16 Leases
Events and Submissions/Topic
Week 11
Begin Date: 01 Feb 2027Module/Topic
Employee benefits
Chapter
Chapter 12
AASB 119 Employee Benefits
Events and Submissions/Topic
Week 12
Begin Date: 08 Feb 2027Module/Topic
Revision and
Final Assessment
Chapter
Events and Submissions/Topic
The final assessment will be due on
Friday, Week 12, at 5.00 PM AEST
Final Online Written Assessment Due: Week 12 Friday (12 Feb 2027) 5:00 pm AEST
Exam Week
Begin Date: 15 Feb 2027Module/Topic
Chapter
Events and Submissions/Topic
No specific information for Term 3
1. Online Quizzes ( 10% of unit )
Online Quiz(zes)
Assessment 1 consists of two online quizzes, available in Weeks 1 and 2, respectively. Both quizzes are due by Week 3. The first quiz covers the content studied in Week 1, while the second covers the content studied in Week 2. Together, the quizzes account for 10% of the unit’s total assessment.
Week 3 Friday (27 Nov 2026) 5:00 pm AEST
Quiz 1 and 2 must be submitted by the due date in week 3.
Week 3 Friday (27 Nov 2026)
Marks will be available after the submission due date in week 3.
Marks are awarded for selecting the correct answer to each multiple-choice question. Each correct response receives one mark, while incorrect or unanswered questions receive zero marks. No marks are deducted for incorrect answers
- Explain the regulatory environment for financial reporting in Australia
- Apply and interpret the AASB’s Conceptual Framework for Financial Reporting
2. Online written assessment ( 40% of unit )
Written Assessment
This written assessment evaluates students’ understanding of the unit content covered in Weeks 1–6, aligned with the unit learning outcomes. It includes problem-solving questions, case-based problems and concept-check questions. The assessment is timed, and its scheduled time and duration will be announced closer to the assessment date. Students must complete and submit the assessment within the specified timeframe.
Week 7 Friday (8 Jan 2027) 5:00 pm AEST
Assessment will be closed at 5pm. Therefore, you must login to the assessment before 5pm to complete the assessment on the day.
Week 9 Friday (22 Jan 2027)
Assessment will be retured with appropriate feedbacks
The assessment will be marked according to the marking rubric available on the unit’s Moodle site. Use the rubric to guide the structure and content of your answers to the assessment questions.
Learning Outcomes Assessed
Apply and interpret the AASB’s Conceptual Framework for Financial Reporting
Interpret the technical requirements and conceptual aspects of selected accounting standards that address
fundamental issues in financial reporting
Apply the requirements of relevant accounting standards, conceptual accounting knowledge and professional
judgement, to solve routine accounting problems
- Apply and interpret the AASB’s Conceptual Framework for Financial Reporting
- Interpret the technical requirements and conceptual aspects of selected accounting standards that address fundamental issues in financial reporting
- Apply the requirements of relevant accounting standards, conceptual accounting knowledge and professional judgement, to solve routine accounting problems.
3. Online written assessment ( 50% of unit )
Online Test
This written assessment evaluates students’ understanding of the unit content covered in Weeks 7–11, aligned with the unit learning outcomes. It includes problem-solving questions, case-based problems and concept-check questions. The assessment is timed, and its scheduled time and duration will be announced closer to the assessment date. Students must complete and submit the assessment within the specified timeframe.
Week 12 Friday (12 Feb 2027) 5:00 pm AEST
Assessment will be closed at 5pm. Therefore, you must login to the assessment before 5pm to complete the assessment on the day.
Grades will be released on the grade certification date
The assessment will be marked according to the marking rubric available on the unit’s Moodle site. Use the rubric to guide the structure and content of your answers to the assessment questions.
Learning Outcomes Assessed
Interpret the technical requirements and conceptual aspects of selected accounting standards that address fundamental issues in financial reporting
Apply the requirements of relevant accounting standards, conceptual accounting knowledge and professional judgement, to solve routine accounting problems.
- Interpret the technical requirements and conceptual aspects of selected accounting standards that address fundamental issues in financial reporting
- Apply the requirements of relevant accounting standards, conceptual accounting knowledge and professional judgement, to solve routine accounting problems.
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
