Overview
This unit assesses the application of Australian accounting standards informing the recording and reporting of group structures, tax affect accounting and issues affecting assets. In this unit you will demonstrate and apply knowledge of these accounting standards to analyse and interpret issues related to these topics, and to communicate effectively. You will apply cognitive, technical and creative skills to design, evaluate and implement proposed solutions to accounting problems related to these topics.
Details
Pre-requisites or Co-requisites
Students must successfully complete ACCT20071 Foundations of Financial Accounting prior to enrolling in this unit. Students who have successfully completed the unit ACCT20054 should not enrol in this unit.
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 1 - 2025
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 Postgraduate 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 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
- Monitoring Academic Progress (MAP) Policy and Procedure - Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure - International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback - Compliments and 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 Students Feedback
More detailed feedback is required
Clear marks allocation based on the marking guide will be provided. The mistakes, the missing parts in the solutions will be indicated in the marking process.
- Demonstrate mastery of Australian accounting standards informing the recording and reporting of group structures, tax effect accounting and issues affecting assets
- Apply appropriate skills to design, evaluate and implement proposed solutions to accounting problems related to group structures, tax effect accounting and issues affecting assets
- Apply coherent body of knowledge of Australian accounting standards in analysing, interpreting and communicating effectively with professionals and non-professionals about group structures, tax effect accounting and issues affecting assets.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||
|---|---|---|---|
| 1 | 2 | 3 | |
| 1 - Online Quiz(zes) - 10% | |||
| 2 - Practical Assessment - 50% | |||
| 3 - Group Work - 40% | |||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||
|---|---|---|---|
| 1 | 2 | 3 | |
| 1 - Knowledge | |||
| 2 - Communication | |||
| 3 - Cognitive, technical and creative skills | |||
| 4 - Research | |||
| 5 - Self-management | |||
| 6 - Ethical and Professional Responsibility | |||
| 7 - Leadership | |||
| 8 - First Nations Knowledges | |||
| 9 - Aboriginal and Torres Strait Islander Cultures | |||
Textbooks
Financial Reporting
- Edition: 4th edn (2023) (2023)
- Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes
- John Wiley & Sons
- Milton, Milton, , Queensland , Australia
- ISBN: 9780730396413
If you are having issues accessing the eBook at the Library website, both paper and eBook copies can be purchased at the CQUni Bookshop here: http://bookshop.cqu.edu.au (search on the Unit code)
- Binding: Paperback
If you are having issues accessing the eBook at the Library website, both paper and eBook copies can be purchased at the CQUni Bookshop here: http://bookshop.cqu.edu.au (search on the Unit code)
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Microsoft Word
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.
a.bhatta@cqu.edu.au
Week 1
Begin Date: 10 Mar 2025Module/Topic
Module/Topic
Revaluation of non-current assets
Chapter
Chapter
3 (Learning outcomes 3.1 to 3.3)
5 (Learning outcomes 5.4, 5.6 and 5.8)
Events and Submissions/Topic
Week 2
Begin Date: 17 Mar 2025Module/Topic
Module/Topic
Impairment test of non-current assets
Chapter
Chapter
7 (excluding learning outcome 7.5)
Events and Submissions/Topic
Week 3
Begin Date: 24 Mar 2025Module/Topic
Module/Topic
Intangible assets
Chapter
Chapter
6
Events and Submissions/Topic
Week 4
Begin Date: 31 Mar 2025Module/Topic
Module/Topic
Income taxes
Chapter
Chapter
12
Events and Submissions/Topic
Week 5
Begin Date: 07 Apr 2025Module/Topic
Module/Topic
Business combinations AND consolidations: controlled entities
Chapter
Chapter
25
Events and Submissions/Topic
Vacation Week
Begin Date: 14 Apr 2025Module/Topic
Chapter
Events and Submissions/Topic
Week 6
Begin Date: 21 Apr 2025Module/Topic
Module/Topic
Consolidations: wholly owned entities
Chapter
Chapter
27
Events and Submissions/Topic
Week 7
Begin Date: 28 Apr 2025Module/Topic
Module/Topic
Consolidation: wholly owned entities (continued)
Chapter
Chapter
27
Events and Submissions/Topic
Assessment task 1: On-line quiz 1. Opens 1am and closes at 11.45pm AEST on Wednesday (week 7)
ONLINE QUIZ Due: Week 7 Wednesday (30 Apr 2025) 11:45 pm AEST
Week 8
Begin Date: 05 May 2025Module/Topic
Module/Topic
Consolidation: intragroup transactions
Chapter
Chapter
28
Events and Submissions/Topic
Week 9
Begin Date: 12 May 2025Module/Topic
Module/Topic
Consolidation: intragroup transactions (continued)
Chapter
Chapter
28
Events and Submissions/Topic
Assessment task 2: Part B due on
Friday at 11.45pm
AEST (assesses Chapters 25 to 27).
Week 10
Begin Date: 19 May 2025Module/Topic
Module/Topic
Accounting for leases
Chapter
Chapter
10
Events and Submissions/Topic
Week 11
Begin Date: 26 May 2025Module/Topic
Module/Topic
Foreign currency transactions
Chapter
Chapter
23
Events and Submissions/Topic
Assessment task 1: On-line quiz 2. Opens 1am and closes at 11.45pm AEST on Wednesday (week 11)
Week 12
Begin Date: 02 Jun 2025Module/Topic
Module/Topic
Group presentation/Interview
Chapter
Events and Submissions/Topic
Invigilated Examination
Begin Date: 09 Jun 2025Module/Topic
Chapter
Events and Submissions/Topic
Due date and time will be communicated.
Exam Week continue
Begin Date: 16 Jun 2025Module/Topic
Chapter
Events and Submissions/Topic
1 Online Quiz(zes)
Two on-line quizzes, each weighing 5% of your final grade. Test 1 assesses the content taught in Chapters 3, 5, 6, 7, 12, and 25. Test 2 assesses the content taught in Chapters 27 to 29. Each test consists of 20 multiple-choice questions which may be theoretical, conceptual, and / or practical. They can also include calculations. Each on-line test must be completed during the 22 hours and 45 minutes that it is open. Test 1 opens Wednesday week 7 and test 2 on Wednesday week 11. If you are seeking an extension, please ensure that you have received an approved extension from the Unit Coordinator before the test opens, as you will not be able to complete the on-line test after it closes. To allow the Unit Coordinator to review your application for an extension and to grant it, please apply for an extension before 4pm AEST on Tuesday, thus the day before each test is due.
"This assessment requires students to adhere to the guidelines on the use of artificial intelligence tools as specified in the Artificial Intelligence Assessment Scale (AIAS) 1 below. Any misuse or lack of disclosure regarding the use of AI tools will be considered a breach of academic integrity." Scale 1: You must not use AI at any point during the assessment. You must demonstrate your core skills and knowledge.
2
Week 7 Wednesday (30 Apr 2025) 11:45 pm AEST
Quiz one is due on Wednesday (week 7) and Quiz two is on Wednesday Week 11. Each test opens at 1am and closes at 11.45pm AEST on the same day. On-line test 1 opens on Wednesday week 7, and on-line test 2 on Wednesday week 11. Each test is open for 22 hours 45 minutes but you only have 45 minutes to start and complete the test.
Marks are available in the same day
No Assessment Criteria
- Demonstrate mastery of Australian accounting standards informing the recording and reporting of group structures, tax effect accounting and issues affecting assets
- Apply appropriate skills to design, evaluate and implement proposed solutions to accounting problems related to group structures, tax effect accounting and issues affecting assets
2 Practical Assessment
This assessment consists of two (2) parts. Each part is worth 25% of your final grade. Part A assesses the topics covered in Chapters 3, 5 and 7 and Part B assesses the topics covered in Chapters 25 to 27.
Part A is due in Week 4 and Part B is due in Week 9.
"This assessment requires students to adhere to the guidelines on the use of artificial intelligence tools as specified in the Artificial Intelligence Assessment Scale (AIAS) 2 below.
Any misuse or lack of disclosure regarding the use of AI tools will be considered a breach of academic integrity." Scale 2: AI may be used for pre-task activities such as brainstorming, outlining and initial research. This level focuses on the effective use of AI for planning, synthesis and Ideation, but assessment should emphasise the ability to develop and refine these ideas independently. You may use AI for planning, idea development, and research. Your final assessment should show how you have developed and refined these ideas.
Week 4 Friday (4 Apr 2025) 11:45 pm AEST
Part A is due on Friday, Week 4 and Part B on Friday, Week 9.
Marked assignment will be returned after two weeks of submission. If you submit your assignment late, including receiving an extension, your assignment will not be returned on these dates. Further, if the marker finds unusual anomalies in your assignment, the Unit Coordinator will investigate the matter and if plagiarism is suspected, lodge a PIR. Your assignment will only be returned once this matter has been resolved. To avoid this, do your own work.
A marking criteria sheet will be provided with the two parts of this assessment task, outlining the marking rubric.
You have to do both parts of assessment task 2 as an individual
Just to let you know, a late penalty of 5% of the potential mark per day for late submissions.
- Demonstrate mastery of Australian accounting standards informing the recording and reporting of group structures, tax effect accounting and issues affecting assets
- Apply appropriate skills to design, evaluate and implement proposed solutions to accounting problems related to group structures, tax effect accounting and issues affecting assets
- Apply coherent body of knowledge of Australian accounting standards in analysing, interpreting and communicating effectively with professionals and non-professionals about group structures, tax effect accounting and issues affecting assets.
3 Group Work
This assessment consists of two (2) parts. Each part is worth 20% of your final grade.
Part A assesses group practical written assessment covering the topics of the units and Part B assesses the group presentation skills. A group will have a minimum 3 and a maximum 4 members.
Group presentations and interview will be during Week 12 - face-to-face in the class for on-campus students and online for distance students
"This assessment requires students to adhere to the guidelines on the use of artificial intelligence tools as specified in the Artificial Intelligence Assessment Scale (AIAS) 2 below.
Any misuse or lack of disclosure regarding the use of AI tools will be considered a breach of academic integrity." Scale 2: AI may be used for pre-task activities such as brainstorming, outlining and initial research. This level focuses on the effective use of AI for planning, synthesis and Ideation, but assessment should emphasise the ability to develop and refine these ideas independently. You may use AI for planning, idea development, and research. Your final assessment should show how you have developed and refined these ideas.
Group presentation will be face to face in the class and online for distance students
Will not be returned before finalisation of the final results.
A marking criteria sheet will be provided outlining the marking rubric for the group written assessment.
Please note that there is a late penalty of 5% of the potential mark per day for late submissions.
Groups will present their written work face-to-face/online and face the interview.
- Demonstrate mastery of Australian accounting standards informing the recording and reporting of group structures, tax effect accounting and issues affecting assets
- Apply coherent body of knowledge of Australian accounting standards in analysing, interpreting and communicating effectively with professionals and non-professionals about group structures, tax effect accounting and issues affecting assets.
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?
