KING’S OWN INSTITUTE*
Success in Higher Education
ACC201 FINANCIAL ACCOUNTING T120 27/02/2020 15:25 PAGE 1 OF 14
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD© ABN: XXXXXXXXXXCRICOS 03171A
ACC201 FINANCIAL ACCOUNTING T120
All information contained within this Subject Outline applies to all students enrolled in the trimester as indicated.
1. General Information
1.1 Administrative Details
Associated HE Award(s) Duration Level Subject Coordinator
B Bus (Accg); B Bus (Mgt & Finance) 1 trimester Level 2 Meth Hewa
XXXXXXXXXX
P: XXXXXXXXXX
L: Level 1, 545 Kent St.
Consultation: via Moodle or by
appointment
1.2 Core / Elective
This is a core subject for B Bus (Accg) and an elective subject for B Business (Mgt & Fin).
1.3 Subject Weighting
Indicated below is the weighting of this subject and the total course points.
Subject Credit Points Total Course Credit Points
XXXXXXXXXX4 XXXXXXXXXXBBus(Accg) 96; XXXXXXXXXXBBus(Mgt & Finance) 96
1.4 Student Workload
Indicated below is the expected student workload per week for this subject
No. timetabled hours/week* No. personal study
hours/week**
Total workload hours/week***
4 hours/week
2 hour Lecture + 2 hour Tutorial
6 hours/week 10 hours/week
* Total time spent per week at lectures and tutorials
** Total time students are expected to spend per week in studying, completing assignments, etc.
*** Combination of timetable hours and personal study.
1.5 Mode of Delivery On-campus
1.6 Pre-requisites ACC100 Introduction to Accounting and
ACC101 Introduction to Financial Accounting
1.7 General Study and Resource Requirements
o Students are expected to attend classes with the weekly worksheets and subject support material
provided in Moodle. Students should read this material before coming to class to improve their ability to
participate in the weekly activities.
o Students will require access to the internet and their KOI email and should have basic skills in word
processing software such as MS Word, spreadsheet software such as MS Excel and visual
presentation software such as MS PowerPoint.
o Computers and WIFI facilities are extensively available for student use throughout KOI. Students are
encouraged to make use of the campus Li
ary for reference materials.
Resource requirements specific to this subject: Students should have a non-programmable a calculator.
Applications in smart phones will not be sufficient to perform the required calculations.
Approved by KOI Academic Board for T1 2020
mailto: XXXXXXXXXX
ACC201
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2 Academic Details
2.1 Overview of the Subject
This subject introduces students to topics relating to Australian financial reporting with an emphasis on
ecognition and measurement of assets and liabilities. It covers several Australian Financial Reporting
Standards with respect to various types of assets and liabilities (such as intangible assets, share-based
payments, leases and financial instruments). It examines the interpretation and application of following
accounting standards issued by the Australian Accounting Standards Board (AASB).
2.2 Graduate Attributes for Undergraduate Courses
Graduates of the Bachelor of Business (Accounting), and the Bachelor of Business (Management and
Finance) courses from King’s Own Institute will gain the graduate attributes expected from successful
completion of a Bachelor’s degree under the Australian Qualifications Framework (2nd edition, January
2013). Graduates at this level will be able to apply an advanced body of knowledge in a range of contexts
for professional practice or scholarship and as a pathway for further learning.
King’s Own Institute’s key generic graduate attributes for a bachelor’s level degree are summarised below:
Across the course, these skills are developed progressively at three levels:
o Level 1 Foundation – Students learn the basic skills, theories and techniques of the subject and apply
them in basic, stand-alone contexts.
o Level 2 Intermediate – Students further develop skills, theories and techniques of the subject and
apply them in more complex contexts, beginning to integrate the application with other subjects.
o Level 3 Advanced – Students have a demonstrated ability to plan, research and apply the skills,
theories and techniques of the subject in complex situations, integrating the subject content with a
ange of other subject disciplines within the context of the course.
KOI Bachelor Degree
Graduate Attributes Detailed Description
Knowledge Cu
ent, comprehensive and coherent knowledge
Critical Thinking Critical thinking and creative skills to analyse and synthesise information and evaluate new problems
Communication
Communication skills for effective reading, writing, listening and
presenting in varied modes and contexts and for transfe
ing
knowledge and skills to others
Information Literacy Information and technological skills for accessing, evaluating, managing and using information professionally
Problem Solving Skills
Skills to apply logical and creative thinking to solve problems
and evaluate solutions
Ethical and Cultural
Sensitivity
Appreciation of ethical principles, cultural sensitivity and social
esponsibility, both personally and professionally
Teamwork Leadership and teamwork skills to collaborate, inspire colleagues and manage responsibly with positive results
Professional Skills
Professional skills to exercise judgement in planning, problem
solving and decision making
Approved by KOI Academic Board for T1 2020
ACC201
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*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD© ABN: XXXXXXXXXXCRICOS 03171A
2.3 Subject Learning Outcomes
This is a Level 2 subject.
Listed below, are key knowledge and skills students are expected to attain by successfully completing this
subject:
Subject Learning Outcomes Contribution to Course Graduate Attributes
a) Analyse fundamental accounting theory and standards in order
to critically evaluate their relations
) Present accounting reports for different types of business
structures and industries
c) Identify, analyse and solve a range of financial accounting
problems by applying analytical, standards, and problem solving
techniques
d) Make soundly based financial accounting decisions by applying
critical and logical reasoning
e) Describe the implications to various stakeholders of the ethical
and regulatory dimensions of accounting.
2.4 Subject Content and Structure
Below are details of the subject content and how it is structured, including specific topics covered in
lectures and tutorials. Reading refers to the text unless otherwise indicated.
Weekly Planner:
Week
(beginning)
Topic covered in each week’s
lecture Reading(s)
Expected work
listed in Moodle
1
09 Mar
Accounting regulation and the
conceptual framework, fair value
measurement, business ethics
Chs.1; 3
AASB 13 Tutorial exercises
2
16 Mar Revenue
Ch.15
AASB 15 Tutorial exercises
3
23 Mar Property, plant and equipment
Ch.5
AASB 116 Tutorial exercises
4
30 Mar Intangible assets, impairment
Chs.6; 7
AASB 136;
AASB 138
Tutorial exercises
5
06 Apr Leases
Ch.10
AASB 16 Online quiz 1 due
6
13 Apr Mid trimester exam
Mid trimester exams
Assignment review
19 Apr 2020
–
26 Apr 2020
Mid trimester
eak
7
27 Apr
Natural resources Ch.34
AASB 6
Tutorial exercises
8
04 May
Provisions, contingent liabilities and
contingent assets
Ch.8
AASB 137 Tutorial exercises
9
11 May Employee benefits
Ch.9
AASB 119
Defe
ed mid trimester
exams - see Section 2.6
elow for more
information
10
18 May Share-based payments
Ch.14
AASB 2
Assessment 3 due
(Individual)
Approved by KOI Academic Board for T1 2020
ACC201
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11
25 May Financial instruments
Ch.11
AASB 7;
AASB 9;
AASB 132
Online quiz 2 due
12
01 Jun Revision Tutorial exercises
13
07 Jun
Study Review Week
14
15 Jun
Final Exam Week Please see Exam Timetable for exam date,
time and location
15
21 Jun
Student Vacation begins
Enrolments for T220 open
16
29 Jun
Results Released 30 Jun 2020
Certification of Grades 03 Jul 2020
T220 begins 06 July 2020
1
06 Jul
Week 1 of classes for T220
Friday 03 Jul 2020 – Review of Grade Day for T120 – see Sections 2.6 and 3.6
elow for more information.
2.5 Public Holiday Amendments
Please note: KOI is closed on all scheduled NSW Public Holidays.
T120 has six (6) days of public holidays (Easter Holidays and the Queen’s Birthday) that occurs during
classes this trimester. Classes scheduled for these public holidays (Calendar Class Dates) will be
escheduled as per the table below. All other public holidays fall within the mid-trimester
eak period.
This applies to ALL subjects taught in T120.
Please see the table below and adjust your class timing as required. Please make sure you have
a
angements in place to attend the rescheduled classes if applicable to your T120 enrolment.
Classes will be conducted at the same time and in the same location as your normally scheduled class
except these classes will be held on the date shown below.
Calendar Class Date Rescheduled Class Date
Friday 10 April 2020 (Week 5)
Saturday 11 April 2020(Week 5)
Monday 13 April 2020 (Week 6)
Tuesday 09 June XXXXXXXXXXWeek