KING’S OWN INSTITUTE*
Success in Higher Education
ACC204 CORPORATE ACCOUNTING AND REPORTING T319
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 Behnaz Ortakand
XXXXXXXXXX
P: XXXXXXXXXX
L: Level 1, 545 Kent St.
Consultation: via Moodle or
y appointment
1.2 Core / Elective
This is a core subject for B Bus (Accg) and an elective subject for B Bus (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 BBus (Accg) 96; BBus (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 and
ACC201 Financial Accounting and Reporting
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.
ACC204 CORPORATE ACCOUNTING AND REPORTING T319 22/10/2019 16:32 PAGE 1 OF 13
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
Approved by KOI Academic Board for T3 2019
mailto: XXXXXXXXXX
ACC204
Resource requirements specific to this subject: Students should have a non-programmable calculator.
Applications in smart phones will not be sufficient to perform the required calculations.
2. Academic Details
2.1 Overview of the Subject
This subject examines accounting issues relating to companies, accounting standards and the preparation and
presentation of a company’s external financial reports. It enables students to understand and analyse the
equirements of the Australian Accounting Standards Board and Corporations Law. Topics covered by
students include financing company operations, income taxes, business combination, consolidation, functional
cu
ency, financial statements and joint ventures and associates.
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 range 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
ACC204 CORPORATE ACCOUNTING AND REPORTING T319 22/10/2019 16:32 PAGE 2 OF 13
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
Approved by KOI Academic Board for T3 2019
ACC204
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) Determine the key concepts in selected accounting standards
elevant to external reporting
) Explain the use and implications of the principles underpinning
the accounting standards examined
c) Evaluate issues and problems relating to accounting for
companies in accordance with some accounting standards AASB
3, AASB 9, AASB 10, AASB 12, AASB 101, AASB 112, AASB
121, AASB 127, AASB 128, AASB 131 and AASB 136
d) Apply appropriate problem solving strategies, processes and
arguments based on the application of accounting standards.
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 as
listed in Moodle
1
04 Nov Share capital and reserves Ch. 13 Tutorial Exercises
2
11 Nov Income taxes
Ch. 12
AASB 112 Tutorial Exercises
3
18 Nov Business combinations
Ch. 25
AASB 3,136 Tutorial Exercises
4
25 Nov Consolidation: controlled entities
Ch. 26
AASB
3,10,12,127
Tutorial Exercises
5
02 Dec
Consolidation: controlled entities -wholly
owned entities
Ch. 27
AASB 3,10,12 Tutorial Exercises
6
09 Dec Mid trimester exam Mid trimester exams
7
16 Dec Consolidation: intragroup transactions
Ch. 28
AASB 3,10,12 Tutorial Exercises
22 Dec 2019
–
05 Jan 2020
Mid trimester
eak
8
06 Jan Consolidation: non-controlling interest
Ch. 29
AASB 12 Tutorial Exercises
9
13 Jan Presentation of financial statements
Ch. 16
AASB 101
Tutorial Exercises
Defe
ed mid trimester
exams for all subjects -
see Section 2.6 below for
more information
10
20 Jan
Translation of foreign cu
ency financial
statements
Ch. 24
AASB 121
Assignment Due
Tutorial Exercises
ACC204 CORPORATE ACCOUNTING AND REPORTING T319 22/10/2019 16:32 PAGE 3 OF 13
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
Approved by KOI Academic Board for T3 2019
ACC204
11
27 Jan Associates and joint ventures
Ch. 31
AASB
9,10,12,127,
128,131
Tutorial Exercises
12
03 Feb
Revision lecture
13
10 Feb Study Review Week
14
17 Feb Final Exam Week
Please see Exam Timetable for exam date,
time and location
15
23 Feb
Student Vacation begins
Enrolments for T120 open
16
02 Mar
Results Released 04 Mar 2020
Certification of Grades 07 Mar 2020
T120 begins 09 Mar 2020
1
09 Mar
Week 1 of classes for T120
Friday 06 Mar 2020 – Review of Grade Day for T319 – see Sections 2.6 and 3.6 below
for more information.
2.5 Public Holiday Amendments
Please note: KOI is closed on all scheduled NSW Public Holidays.
T319 has one (1) public holiday (Australia Day) that occurs during classes this trimester. Classes scheduled
for this public holiday (Calendar Class Dates) will be rescheduled as per the table below.
This applies to all subjects taught in T319.
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 T319 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
Monday 27 January 2020 (Week 11) Monday 10 Fe
uary 2020 (Week 13) (Study Review Week)
2.6 Review of Grade, Defe
ed Exams & Supplementary Exams/Assessments
Review of Grade:
There may be instances when you believe that your final grade in a subject does not accurately reflect your
performance against the subject criteria. Section 8 of the Assessment and Assessment Appeals Policy
(www.koi