代写22748 Financial Reporting and Analysis Spring 2024代写Java编程

SUBJECT OUTLINE

22748 Financial Reporting and Analysis

Course area UTS: Business

Delivery Spring 2024; City

Credit points 6cp

Requisite(s) 22747 Accounting for Managerial Decisions OR 22800 Understanding Accounting and Financial Reports

These requisites may not apply to students in certain courses.

There are also course requisites for this subject. See access conditions.

Result type Grade and marks

Subject description

This subject covers the theoretical principles underlying financial reporting and the application of key current and proposed accounting standards applied in the preparation of financial statements. The subject also provides students with the skills and competencies to undertake the accounting analysis of financial statements. Accounting analysis allows students to analyse the accounting information revealed by management to determine the sources and effects of distortions on this information. This is an intermediate level financial accounting subject.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:

1. demonstrate understanding and undertake accounting analysis of key financial reporting issues in the financial statements

2. analyse financial statement information to identify sources and effects of estimation errors and distortions arising from the social/human dimension of financial reporting

3. identify the theoretical principles and regulation which underlie accounting practice

4. implement national and international accounting standards that govern the key items included in financial reports

Course intended learning outcomes (CILOs)

This subject also contributes specifically to the following program learning objectives:

· Demonstrate high level technical skills necessary to operate effectively in professional accounting practice (4.1)

Contribution to the development of graduate attributes

This subject is concerned with external reporting by companies and the theoretical and practical issues relating to the formation of those financial reports. It is not primarily technique oriented, but emphasises the conceptual issues relating to the application of accounting techniques. Upon successful completion of this subject, students will have developed the ability to judge the interplay of ethics and incentives in generating financial information.

This subject contributes to the development of the following graduate attribute(s):

. Professional and technical competence

. Social responsibility and cultural awareness

. Communication and collaboration

This subject also contributes specifically to develop the following Program Learning Objective(s) for the Master of Professional Accounting:

. Communicate accounting information and decisions clearly in an appropriate form. to business stakeholders (2.2)

Teaching and learning strategies

Under this subject’s model of student centeredlearning, student engagement with the subject matter is the paramount driving force for learning. A variety of supporting resources is provided, including prereleased PowerPoint slides, videos, dropin sessions, screencasts, class recordings and a student discussion board. The discussion board enables collaborative learning through discussion with peers about content. Collaborative learning is also enabled through group activities focused on a set problem. Students are thus able to select the learning strategy that best matches their individual personal learning styles. All problems in this subject are either direct or stylised real-world problems dealing with financial reporting and the incentives underlying it. The subject this authentically assesses students’ ability to deal with genuine workplace situations.

As structure is also important in a domain new to the learner, classes fill an important role for scaffolding the structure of the knowledge domain. There are five stages to the learning process for each topic.

1. Student investigation. Students investigate each new topic using the ‘lecture’ slides, set readings, other readings, videos, screencasts and other materials made available via the learning management system and other sources.

2. Class Introduction. The introduction takes up the second part of each class and is used to outline the ideas and concepts underlying each new topic. Illustrations of the application of these ideas and concepts are integrated into this part of the class through exercises, discussion problems and cases for each topic.

3. Student foundationbuilding. Students work through sets of exercises in their own time, to bed down the concepts and ideas from stages (1) and (2) in preparation for the application stage. At the same time, they are undertaking stage (1) for the next topic.

4. Skill Application. The first part of each class involves students working in groups through a set inclass problem(s) or case study(ies). This may involve testing technical skills, deliberating over measurement or incentive issues, or otherwise considering the topic’s concepts more broadly. Students are encouraged to test their understanding during this phase through collaboration with peers when working on the set case study or problem. In selected weeks, an inclass quiz is also set.

5.  Discussion and Reflection. The topic is concluded by a group and class discussion of the inclass problem and related issues.

Students have the opportunity for feedback on each week’s homework, the inclass problems (which are discussed in class) and regular inclass quizzes (providing more formal summative and formative feedback).

Content (topics)

. Accounting for assets and intangible assets

. Accounting for equities and liabilities

. Accounting for income

. Accounting for income tax

· Accounting for leases

. Accounting for natural resource and agricultural activities

. Accounting for foreign currency

. Accounting for financial instruments

Assessment

X grades are awarded in this subject

Assessment task 1: Group Study (group)

Intent: This assessment is aligned with the graduate attributes Communication and collaboration; and

Professional and technical competence.

Objective(s): This addresses subject learning objective(s): 1, 2 and 3

Weight: 25%

Task: Students are allocated an Australian listed company's latest full-year financial statements and are

required to complete an accounting analysis. This task will require the group to evaluate data and

information from a variety of sources and perspectives through research, integration, and analysis. When conducting an accounting analysis consider the implications of professional values and

attitudes in decision making and how they may lead to bias. Detailed information on the task is

provided in the document on Canvas. Students will self-select or be allocated to groups of 4 to 6

people from their enrolled class. A detailed marking rubric is provided on Canvas. Prior to completing the task watch the video on cross cultural communication (link provided on Canvas).

This assessment item develops the following CILO in the Masters of Professional Accounting: 2.2 Communicate accounting information and decisions clearly in an appropriate form. to business stakeholders.

Length: This information is provided in the assignment document available on Canvas.

Due: 5.00pm Thursday 31 October 2024

Reports must be uploaded to Turnitin by 22:00 31st October.

Criteria: This assessment will be graded on the following criteria:

. Accurate identification and discussion of the key accounting policies and estimates made by the firm

. Depth and scope of the evaluation of the accounting strategy used by the firm

. Depth of discussion using evidence on management incentives behind the accounting strategy . Extent of the attempt to undo accounting distortions with supporting calculations

. Validity of conclusions on firm disclosure levels   . Presentation and readability of the written report

Further Detailed information on the case study assignment and a marking rubric is provided in the document information: on Canvas.

Assessment task 2: Quiz (individual)*

Intent: This assessment is aligned with the graduate attribute Professional and technical competence. Objective(s): This addresses subject learning objective(s): 2, 3 and 4 Weight: 25% Task: This task allows students to engage with both the fundamental and technical issues faced by practicing accountants. The Quiz focuses on material taught in topics 1-5 (inclusive) and tests student's competence in financial reporting for revenue and assets which students should have developed by the end of the first half of the course. The online quiz will comprise both practical and theoretical questions. Length: Must be completed within 120 minutes. Due: Friday 20 September 2024 The online quiz will remain open from 00:00 hours until 23:59 hours on 20 September. Ensure you begin the quiz with enough time to finish as it will CLOSE at 23:59 on 20 September (regardless of whether you have finished or not). Once you begin the quiz you MUST finish it within the time limit (120 minutes). More information on the format and access to the quiz will be provided closer to the due date. Criteria: This assessment will be graded on the following criteria: . demonstration of knowledge,  . accuracy of answers, . level of detail and the clarity of your answers. *Note: Late submission of the assessment task will not be marked and awarded a mark of zero. Students who do not complete the mid-session online quiz will receive a zero for this assessment. However, conditional on the students submitting, receiving approval and complying with the requirements of special consideration in accordance with the UTS rules, the weighting of this assessment will be added to the final examination. If the composite mark for the final exam totals more than 50 percent and the student is in their final subject of their degree, the UTS rules on borderline result (range of 45-49) shall apply whereby students will be allowed to undertake a supplementary final examination. Where a student completes and passes a supplementary examination, the maximum mark awarded for the subject will be 50 Pass.

Assessment task 3: Final Exam (individual)

Intent: This assessment is aligned with the graduate attribute Professional and technical competence.

A student must achieve 50% or more of the subject’s total marks AND achieve 40% or more in the final exam to pass the subject.

A Fail (X) Grade is awarded to a student who attain 50% or more of the overall subject assessment   marks but attain less than 40% of the final exam marks. To pass the subject, the student must then   attain 50% or more of the marks in the supplementary task, in which case the student is awarded an overall mark of 50P.

Objective(s): This addresses subject learning objective(s): 2, 3 and 4

This addresses program learning objectives(s): 4.1

Weight: 50%

Task: The final exam will be a two-hour, closed-book exam consisting of discussion questions, practical

exercises and case problems focusing on content after topic 5. It assesses students'understanding  in evaluating the extent to which a corporation's financial accounting and reporting strategy captures the underlying business activities. The final exam will be AI-invigilated.

This assessment assures the following CILO in the Masters of Professional Accounting: 4.1

Demonstrate technical skills necessary to operate effectively in professional accounting practice.

Length: Two hours.

Due: UTS Exam Period

Criteria: This assessment will be graded on the following criteria:

· demonstration of knowledge, · accuracy of answers,

· level of detail and the clarity of your answers.

Further Further information on the structure and content of the exam will be provided closer to the exam date. information:

Assessment feedback

Students will be given feedback on their online quiz and group case study assignments within two weeks following the task completion.

Examination material or equipment

Non-programmable financial calculator may be taken into the exam. Black and blue ink-based pens are to be used on exam scripts.