ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 1 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A KING'S OWN INSTITUTE* Success in Higher Education ACC706 ACCOUNTING THEORY AND ISSUES T316 All information contained within this Subject Outline applies to all students enrolled in the trimester as indicated. Section 1 General Information 1.1 Administrative Details Associated HE Award(s) Duration Level Subject Coordinator Master of Accounting Master of Professional Accounting 1 trimester Postgraduate Dr Margaret Drever [email protected] 1.2 Core/Elective This is a core subject for the above courses. 1.3 Subject Weighting Indicated below is the weighting of this subject/unit and the total course points. Subject Credit Points Total Course Credit Points 4 MAcc 48; MPA 64 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 and completing assignments. *** That is, * + ** = workload hours. 1.5 Mode of Delivery This subject is delivered face-to-face. 1.6 Pre-requisites ACC700 Principles of Accounting AND ACC701 Financial Accounting. 1.7 Other Study and Resource Requirements Students are expected to attend classes with the required textbook and to read specific chapters prior to the tutorials. This will allow them to actively take part in discussions. Students will require access to the internet and email and should have elementary skills in both word processing and electronic spread sheet software such as MS Word and MS Excel. Computers are available for student use in the Library. However these are in heavy demand and tutorial classes will have priority use. You should therefore plan well in advance to utilise these resources. If you have your own computer, it should have internet access and relevant software installed. Students are encouraged to make use of the campus Library for reference materials. 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 in class. Students will also need access to a computer and the internet for research purposes.ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 2 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A Section 2 – Academic Details 2.1 Overview of the Subject This subject involves an in-depth consideration of the broader conceptual role of accountant's and a critical analysis of the role of corporations in our society. Students are required to examine the actual reporting of Australia major corporations. 2.2 Graduate Attributes for Postgraduate Courses Graduates of Postgraduate courses from King's Own Institute have demonstrated they have gained the graduate attributes expected from successful completion of a Master's degree under the Australian Qualifications Framework (2nd edition, January 2013). Graduates at this level will have 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 Masters level degree are summarised below: KOI Master's Degree Graduate Attributes Detailed Description Knowledge An advanced body of knowledge that includes the understanding of recent developments in the specialisation and related areas of study. Critical Thinking Skills in critical thinking to identify and analyse current theories and developments and emerging trends in professional practice. Communication Communication and technical skills to analyse and theorise, contribute to professional practice or scholarship and present ideas to a variety of audiences. Research and Information Literacy Communication and technical skills to access and evaluate information resources, justify research approaches and interpret theoretical propositions. Creative Problem Solving Skills Cognitive, technical and creative skills to investigate, analyse and synthesise complex information, concepts and theories, solve complex problems and apply established theories to situations faced in professional practice. Ethical and Cultural Sensitivity Informed appreciation and accountability for ethical practices, cultural sensitivity and social responsibility both personally and professionally. Teamwork Initiative, leadership skills and ability to work professionally and collaboratively to achieve team objectives across a range of team roles. Professional Skills High level personal autonomy, judgement decision-making and accountability required to begin professional practice.ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 3 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A 2.2.1 ACC706 Accounting Theory and Issues Subject Learning Outcomes 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) Evaluate financial accounting information and standards b) Describe the various theoretical and philosophical approaches to accounting c) Consolidate and extend knowledge of the components of financial statements through current accounting issues d) Assess the impact of social and environmental factors in accounting 2.3 Subject Content and Structure Shown in the table below are details of the subject content and how it is structured, including specific topics covered in lectures and tutorials. Readings refer to the text unless otherwise indicated. 2.3.1 Weekly Planner Week (beginning) Topic covered in each week's lecture Reading(s) Expected work 1 07 Nov Contemporary issues in accounting and the conceptual framework Ch. 1 Tutorial exercises 2 14 Nov The role of accounting theories in standard setting Ch. 2 Tutorial exercises 3 21 Nov Standard setting and ethics Ch. 3 Tutorial exercises Formation of groups 4 28 Nov International accounting standards Ch. 12 Tutorial exercises 5 05 Dec Measurement approaches in accounting Ch. 4 Tutorial exercises 6 12 Dec Fair value and earnings management Ch. 5 Tutorial exercises Progress report on group project All Mid-trimester tests/quizzes/M/C tests exams 7 19 Dec Capital markets and financial reporting Ch. 8 Tutorial exercises Assignment one due 26 Dec 2016 - 08 Jan 2017 Mid trimester break 8 09 Jan Disclosure of financial and nonfinancial reporting issues Ch. 6 Tutorial exercises 9 16 Jan Sustainability and environmental accounting Ch. 11 Tutorial exercises Group report due Deferred Mid Trimester Exams for all subjects - see Section 2.4 below for more information 10 23 Jan Corporate governance and behavioural research Ch. 7 Tutorial exercises Presentation slides due Group presentations 11 30 Jan Recognition of other reporting issues Ch. 14 Tutorial exercises Group presentations 12 06 Feb Revision Revision exercises 13 13 Feb Study Review WeekACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 4 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A 14 20 - 25 Feb Final Exam Week Please see Exam Timetable for exam date, time and location 15 27 Feb Student Vacation begins Enrolments for T117 open 16 07 Mar Results Released Tuesday 07 Mar Certification of Grades Friday 10 Feb T117 begins 13 Mar 2017 1 13 Mar Week 1 of classes for T117 Friday 17 March – Review of Grade Day for T316 – see Sections 2.4 and 3.5.2 below for more information 2.3.2 Public Holiday Amendments Please note: KOI is closed on all scheduled NSW Public Holidays. T316 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. All other public holidays fall within the mid-trimester break period. This applies to ALL subjects taught in T316. Please see the table below and adjust your class timing as required. Please make sure you have arrangements in place to attend the rescheduled classes if applicable to your T316 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 Thursday 26 January 2017 (Week 10) Thursday 17 February 2017 (week 13) (Study Review week) 2.4 Review of Grade, Deferred Exams & Supplementary Exams/Assessments 2.4.1 Review of Grade There may be instances when you believe that your final grade in a unit does not accurately reflect your performance against the subject criteria. Section 8 of the Assessment and Assessment Appeals Policy (www.koi.edu.au) describes the grounds on which you may apply for a Review of Grade. If this happens and you are unable to resolve it with the Academic staff concerned then you can apply for a formal Review of Grade within the timeframes indicated in Sections 2.4.4 and 3.5 below and the Assessment and Assessment Appeals Policy. Please ensure you read the Review of Grade information before submitting an application. 2.4.2 Review of Grade Day KOI will hold the Review of Grade Day for all subjects studied in T316 on: Only final exams will be discussed as all other assessments should have been reviewed during the trimester. If you fail one or more subjects and you wish to consider applying for a Review of Grade you MUST attend the Review of Grade Day. You will have the chance to discuss your final exam with your lecturer, and will be advised if you have valid reasons for applying for a Review of Grade (see Section 3.5 below and the Assessment and Assessment Appeals). If you do not attend the Review of Grade Day you are considered to have accepted your results for T316. Friday 17 March 2017ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 5 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A 2.4.3 Deferred Exams The information in this section applies to both mid-trimester and final exams. If you miss your mid-trimester or final exam there is NO GUARANTEE you will be offered a deferred exam. You must apply within the stated timeframe and satisfy the conditions for approval to be offered a deferred exam (see Section 8.1 of the Assessment and Assessment Appeals Policy and the Application for Assignment Extension or Deferred Exam Forms). You will not normally be granted a deferred exam on the grounds that you mistook the time, date or place of an examination, or that you have made arrangements to be elsewhere at that time; for example, have booked plane tickets. If you: • are not offered a deferred exam, or • are offered a deferred exam, but do not attend you will be awarded 0 marks for the assessment. This may mean it becomes very difficult for you to pass the subject. If you apply for a deferred exam within the required timeframe and satisfy the conditions you will be advised by email to your KOI student email address of the time and date for the deferred exam. Marks awarded for the deferred exam will be the marks awarded for that assessment. 2.4.4 Supplementary Assessments (Exams and Assessments) A supplementary assessment is occasionally offered to students to provide a final opportunity to demonstrate successful achievement of the major learning outcomes of a subject. Supplementary assessments are only offered at the discretion of the Board of Examiners. The offer is determined based on a student's academic and attendance history. If you are offered a supplementary assessment, you will be advised by email to your KOI student email address of the time and due date for the supplementary assessment – supplementary exams will normally be held at the same time as deferred final exams. You must pass the supplementary assessment to pass the subject. The maximum grade you can achieve in a subject based on a supplementary assessment is a PASS grade. If you: • are offered a supplementary assessment, but fail it; • are offered a supplementary exam, but do not attend; or • are offered a supplementary assessment but do not submit by the due date; you will receive a FAIL grade for the subject. 2.5 Teaching Methods/Strategies Briefly described below are the teaching methods/strategies used in this subject: • Face-to-face lectures (2 hours/week) are conducted in seminar style and address the subject content, provide motivation and context and draw on the students' experience and preparatory reading. • Tutorials (2 hours/week) include class discussion of case studies and research papers, practice sets and problem-solving and syndicate work on group projects. Tutorial participation is an essential component of the subject and contributes to the development of graduate attributes (see section 2.2 and 2.2.1 above). It is intended that specific tutorial material such as caseACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 6 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A studies, recommended readings, review questions etc. will be made available each week in Moodle. • Online teaching resources include class materials, readings, model answers to assignments and exercises and discussion boards. All online materials for this subject as provided by KOI will be found in the Moodle page for this subject. Students should access Moodle regularly as material may be updated at any time during the trimester. • Other contact - academic staff may also contact students either via Moodle messaging, or via email to the email address provided to KOI on enrolment. 2.6 Student Assessment Provided below is a schedule of formal assessment tasks and major examinations for the subject. Assessment Type When assessed Weighting Learning Outcomes Assessed Written Report Week 7 20% a, b, c Group assignment with individual component Report due week 9 Presentation slides week 10 Presentations weeks 10 & 11 Group report 10% Presentation 20% Total 30% a, b, c, d Final Exam Final exam period 50% a, b, c, d 2.6.1 Requirements to Pass the Subject To gain a pass or better in this subject, • Students must gain a minimum of 50% of the total available subject marks. 2.7 Prescribed and Recommended Readings Provided below, in formal reference format, is a list of the prescribed and recommended readings. Prescribed Text: Rankin, M., Stanton, P, McGowan, S, Ferlauto, and Tilling, 2012. Contemporary Issues in Accounting. Milton, Qld.: John Wiley & Sons. Recommended Readings: • http://www.aasb.gov.au/admin/file/content105/c9/ACCED264_06-15.pdf • http://www.ifrs.org/current-projects/iasb-projects/conceptual-framework/Pages/Conceptual-FrameworkSummary.aspx • http://www.charteredaccountants.com.au/Industry-Topics/Reporting/Current-issues/Conceptualframework.aspx • Satish Joshi and Yue Li (2016) What Is Corporate Sustainability and How Do Firms Practice It? A Management Accounting Research Perspective. Journal of Management Accounting Research: Summer 2016, Vol. 28, No. 2, pp. 1-11. • Luke, B. (2016) Measuring and Reporting on Social Performance: From Numbers and Narratives to a Useful Reporting Framework for Social Enterprises. Social and Accountability Journal Vol 36 103-123 • Alewine H.C. and Stone , D.N. The Joint Influence of Evaluation Mode and Benchmark Signal on Environmental Accounting – Relevant Decisions Social and Accountability Journal Vol 36 124-152 • Gray Reading for Displeasure – Why Bother with Social Reporting at All? Social and Accountability Journal Vol 36 153-161 • http://www.efrag.org/News/Project-220/Measurement-in-the-IFRS-Conceptual-Framework • Arthur, N., Luff, L., Keet, P., 2011. Accounting for Corporate Combinations and Associations. 7th ed. Australia: Pearson. • Ball, R., 2013. Accounting informs investors and earnings management is rife: Two questionable beliefs. Accounting Horizons, 27(4), pp. 847-853.ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 7 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A • Bertomeu, J., and Cheynel, E., 2013. Toward a positive theory of disclosure regulation: In search of institutional foundations. The Accounting Review, 88(3), pp. 789-824. • Brennan, N. M., and Merkl-Davies, D. M., Rhetoric and argument in social and environmental reporting: The Dirty Laundry case. Accounting, Auditing & Accountability Journal, 27(4), p. 1. • Clarke, F., and Dean, G., 2014. Corporate Collapse: Regulatory, Accounting and Ethical Failure. Accounting and Regulation, pp. 9-29. • Deegan, C., 2013. Financial Accounting Theory. 4th ed. Australia: McGraw-Hill. • Mattessich, R., 2013. The Rise and Significance of Modern Analytical Methods in Accounting. Part I-A Review Essay of Accounting Theory-An Information Content Perspective, of John A. Christensen and Joel Demski. Energeia, 2(1). • Solomon, J., 2014. Corporate Governance and Accountability. 4th ed. Australia: John Wiley and Sons. • Thomson, I., 2014. Responsible social accounting communities, symbolic activism and the reframing of social accounting. A commentary on new accounts: Towards a reframing of social accounting. Accounting Forum. • Van Akkeren, J., Buckby, S., and MacKenzie. K., 2013. A metamorphosis of the traditional accountant: An insight into forensic accounting services in Australia. Pacific Accounting Review, 25(2), pp. 188-216. • Van Dijk, A., Mount, R., Gibbons, P., Vardon, M., and Canadell, P., 2014. Environmental reporting and accounting in Australia: Progress, prospects and research priorities. Science of The Total Environment, 473, pp. 338-349. • Williams, P. F., and Ravenscroft, S. P., 2014. Rethinking decision usefulness. Contemporary Accounting Research, 32(2), pp. 763-788. Periodicals Available: • Accounting and Finance • Accounting, Auditing & Accountability Journal • Accounting Research Journal • Acuity • Australasian Accounting, Business and Finance Journal • Australian Accounting Review • Australian Journal of Accounting Education • Contemporary Accounting Research • In The Black • Journal of Accounting and Economics • Journal of Accounting and Public Policy • Journal of Applied Research in Accounting and Finance • Journal of Financial and Quantitative Analysis • Review of Accounting Studies Useful Websites The following websites are useful sources covering a range of information useful for this subject.. However, most are not considered to be sources of Academic Peer Reviewed theory and research. If your assessments require academic peer reviewed journal articles as sources, you need to access such sources using the Library database, Ebscohost, or Google Scholar. Please ask in the Library if you are unsure how to access Ebscohost. Instructions can also be found in Moodle. • Chartered Accountants Australia and New Zealand www.charteredaccountants.com.au/ • CPA Australia www.cpaaustralia.com.au • Institute of Public Accountants www.publicaccountants.org.au/ • Proactive Accountants Network http://proactiveaccountants.net/ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 8 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A Section 3 - Assessment Details 3.1 Details of each Assessment Item The assessments for this subject are described below. Other assessment information and/or assistance can be found in Moodle including the marking rubric. Marking guides for Assessments follow the assessment descriptions. Students should compare their assessment final drafts against the marking guide before submission. Assessment submission is as per the instructions below. Please retain a photocopy and softcopy of all assessments. Assessment 1 Assessment Type: Written Report – individual assessment Purpose: This assessment is designed to reinforce the subject content and develop students' skills and application of knowledge of the subject content to business situations. This assessment relates to learning outcomes a, b and c. Value: 20% Due Date: Students are to upload their submission to the Turnitin link on the KOI Moodle subject home page by 5:00pm Friday of Week 7. Topic: This assignment covers the in-depth theoretical concepts with some practical accounting task application based on the topics from the subject. Task Details: This assignment requires a consideration of accounting theory concepts with critical analysis with application to General Purpose Financial Reporting by corporations. Students are required to prepare a comprehensive report directed to an Australian ASX Top 100 listed corporation detailing a critical analysis of the effectiveness of the corporation to meet the obligations of the conceptual framework of accounting. The summary report should include data extracted from the General Purpose Financial Report relevant to the material analysed. Marking Guide: Analysis 30% Theory support 30% Recommendations/conclusions 30% Presentation 10% Total mark will be scaled to a mark out of 20ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 9 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A Marking Rubric for T316: ACC706 Accounting Theory and Issues (Assignment 1) Criteria Fail (0 – 49%) Pass (50 – 59%) Credit (60 – 69%) Distinction (70 – 79%) High Distinction (80 – 100%) Research – extent and application Value 30% Mark awarded Inaccurate, inappropriate or no use of literature. Analysis not developed. No original explanations provided. Minimum number of sources, not all current or relevant. Paraphrasing used throughout but not always accompanied by original explanations. Theory relevant but not always linked to analysis. Good selection of theory from a range of sources to build and adequately justifies analysis. Paraphrasing used throughout but accompanied by original explanations Insightful and appropriate selection of theory from a good range of current and relevant sources to systematically build and justify analysis. Minimum paraphrasing Integration and originality in the selection and handling of relevant theory to build and justify analysis. Wide range of current and relevant sources integrated in systematic way. Analysis of the organisation Value 30% Mark awarded Poor evaluation. Significant gaps in knowledge of the theory and lack of understanding of company's capabilities. No analysis provided. Disjointed or no discussion. Simple discussion of areas of strength and weakness in the organisation's capabilities. Work reflects limited engagement with organisational context or relevant theory. Not all aspects of task completed In sufficient detail. Most aspects of the task completed but assessment lacks cohesion. Identifies and discusses areas of strength and weakness in the organisation's capabilities. Discussion of some relevant issues in theory and organisational content in evaluation. All aspects of the task completed – some cohesion. Identifies and clearly explains areas of strength and weakness in the organisation's capabilities. Links to organisational context and relevant theory in evaluation. All aspects of the task completed with minimal errors in cohesion Identifies and insightfully discusses areas of strength and weakness in the organisation's capabilities. Strong links to organisational context and relevant theory in evaluation. All aspects of the task completed in a comprehensive and cohesive manner Recommendations / conclusions Value 20% Mark awarded Few or no recommendations made / no justification. Any recommendations made are not supported or are inaccurate. Some recommendations made / not well linked to the results of the evaluation or relevant theory. Good recommendations made, linked to the evaluation results / may not be linked back systematically to relevant theory Very good recommendations made, linked to the evaluation. Theory used systematically to justify recommendations and discuss enhancement of the organisation's capabilities Excellent recommendations made, linked to the evaluation. Theory used in insightful way to justify recommendations and discuss enhancement of the organisation's capabilities Presentation Value 20% Mark awarded Referencing is absent / not systematic / incorrect Acceptable presentation – obvious errors demonstrating lack of attention to detail. Some attempt at referencing but obvious errors Good presentation overall but some obvious errors. Referencing is mainly accurate Professional presentation – minor errors in some elements. Correct referencing throughout Highly professional presentation – satisfies all presentation elements. Correct referencing throughout Total mark out of 100 Comments: Assessment mark _____ / _____ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 10 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A Assessment 2 Assessment Type: Group Assignment - Report and Presentation. Each member of the group will assessed individually on their input to the presentation (see marking below). Purpose: To allow students to demonstrate the application of knowledge and skills acquired in the subject. It also allows student to further develop team working skills that are expected in a modern professional accounting practice. This assessment relates to learning outcomes a, b, c and d. Value: Group report (Group mark) 10% Group presentation (Individual mark) 20% Total value 30% Due Date: Report and Presentation – Week 10 – all groups - hard copy to the lecturer / tutor at beginning of class. Presentation Weeks 10 and 11 – specific times will be allocated in class. Submission: Group report – One copy per group to be uploaded to the KOI Moodle subject homepage by 5.00 pm Monday of Week 10. Only one student per group is to upload the report. Presentation Video – hard copy to the lecturer / tutor in class beginning of class Week 10 – all groups. As the presentation carries an individual mark, each student MUST have contributed in presenting the material. Presentation – video presentation in class weeks 10 and 11 – specific times will be allocated in class. Topic: Current issues in Australian accounting – the specific topic will be allocated in class and via Moodle in Week 4 Task Details: Group task - Groups are to identify and analyse current theories and models in accounting, analysing how they apply to the given situation. Specific research supported recommendations need to be provided. Research Students need to support their analysis with reference from the text and a Requirements: minimum of ten (10) suitable, reliable, current and academically acceptable sources – check with your tutor if unsure of the validity of sources. Groups seeking Credit or above grades should support their analysis with increased number of reference sources comparable to the grade they are seeking. Group Presentation: Using the group report content, groups are to present their analysis and findings/ conclusions in a professional 5 (five) minute video presentation. All group members must participate in the preparation of the video. Presentations should be a critical analysis covering the main theory elements of the course – not just presenting a factual story – reference to corporate reports and other material is encouraged. Information can be covered in any order in the presentation, but should contain elements of the course. It is strongly recommended that groups prepare their presentations well in advance of the presentation date, and make some effort to review their video presentation. This will improve the presentation overall, and give groups a chance to improve and time manage their presentations. Videos may be prepared using any available platform such as iMovie, MoveMaker, Prezi and others Presentation Group Report 2500 + 10% word report format – Word .doc or .docx. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing and reference list (Harvard – Anglia style), attachments if relevant. Single spaced, font Times New Roman 12pt, Calibri 11pt or Arial 10pt.ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 11 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A Video Presentation 5 minute video presentation in class supported by appropriate visual aids. Presentations will be timed – groups going over 5 minutes will be asked to stop - this will effect marks, as will presentations that are too short (under 4 minutes) or too long (over 6 minutes). All group members must participate. Marking Guide: Group report: Analysis 30% Research – extent and application 30% Recommendations/conclusions 20% Report presentation 20% Total mark will be scaled to a mark out of 10 subject marks. Group Presentation: An individual mark will be given for each student's component of the presentation and a mark will be scaled to a mark out of 20 subject marks. Detailed marking guides will be provided via Moodle.ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 12 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A Marking Rubric for T316: ACC706 Accounting Theory and Issues (Assignment 2) Criteria Fail (0 – 49%) Pass (50 – 59%) Credit (60 – 69%) Distinction (70 – 79%) High Distinction (80 – 100%) Research – extent and application Value 30% Mark awarded Inaccurate, inappropriate or no use of literature. Analysis not developed. No original explanations provided. Minimum number of sources, not all current or relevant. Paraphrasing used throughout but not always accompanied by original explanations. Theory relevant but not always linked to analysis. Good selection of theory from a range of sources to build and adequately justifies analysis. Paraphrasing used throughout but accompanied by original explanations Insightful and appropriate selection of theory from a good range of current and relevant sources to systematically build and justify analysis. Minimum paraphrasing Integration and originality in the selection and handling of relevant theory to build and justify analysis. Wide range of current and relevant sources integrated in systematic way. Analysis of the organisation Value 30% Mark awarded Poor evaluation. Significant gaps in knowledge of the theory and lack of understanding of company's capabilities. No analysis provided. Disjointed or no discussion. Simple discussion of areas of strength and weakness in the organisation's capabilities. Work reflects limited engagement with organisational context or relevant theory. Not all aspects of task completed In sufficient detail. Most aspects of the task completed but assessment lacks cohesion. Identifies and discusses areas of strength and weakness in the organisation's capabilities. Discussion of some relevant issues in theory and organisational content in evaluation. All aspects of the task completed – some cohesion. Identifies and clearly explains areas of strength and weakness in the organisation's capabilities. Links to organisational context and relevant theory in evaluation. All aspects of the task completed with minimal errors in cohesion Identifies and insightfully discusses areas of strength and weakness in the organisation's capabilities. Strong links to organisational context and relevant theory in evaluation. All aspects of the task completed in a comprehensive and cohesive manner Recommendations / conclusions Value 20% Mark awarded Few or no recommendations made / no justification. Any recommendations made are not supported or are inaccurate. Some recommendations made / not well linked to the results of the evaluation or relevant theory. Good recommendations made, linked to the evaluation results / may not be linked back systematically to relevant theory Very good recommendations made, linked to the evaluation. Theory used systematically to justify recommendations and discuss enhancement of the organisation's capabilities Excellent recommendations made, linked to the evaluation. Theory used in insightful way to justify recommendations and discuss enhancement of the organisation's capabilities Presentation Value 20% Mark awarded Referencing is absent / not systematic / incorrect Acceptable presentation – obvious errors demonstrating lack of attention to detail. Some attempt at referencing but obvious errors Good presentation overall but some obvious errors. Referencing is mainly accurate Professional presentation – minor errors in some elements. Correct referencing throughout Highly professional presentation – satisfies all presentation elements. Correct referencing throughout Total mark out of 100 Comments: Assessment mark _____ / _____ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 13 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A Assessment 3 Assessment type: Final Exam – individual assessment – closed book. Students should bring a non-programmable calculator to the exam. No other electronic or other aids will be permitted. Purpose: The purpose of the final examination is to test your understanding of subject concepts and your ability to apply these concepts. The examination may cover materials used in tutorials, class discussions and/or from the readings. This assessment contributes specifically to Learning Outcomes a, b and c. Value: 50% Due Date: The final exam will be held in the official KOI exam period in Week 14 of the trimester. The specific date and time will be posted towards the end of the trimester. Topic: The examination may cover content from any part of the entire subject. Task Details: The exam will contain a series of short and/or long answer questions where students will be expected to apply subject theory and models to given situations, identifying issues and proposing supported solutions/recommendations. Further information may be provided during the trimester. 3.2 Late Penalties and Extensions An important part of business life and key to achieving KOI's graduate outcome of Professional Skills is the ability to manage workloads and meet deadlines. Consequently, any assessment items such as in-class quizzes and assignments missed or submitted after the due date/time will attract a penalty (see below). Students who miss mid-trimester tests and final exams without a valid and accepted reason (see below) may not be granted a deferred exam and will be awarded 0 marks for assessment item. These penalties are designed to encourage students to develop good time management practices, and create equity for all students. Any penalties applied will only be up to the maximum marks available for the specific piece of assessment attracting the penalty. Late penalties, granting of extensions and deferred exams are based on the following: o In Class Tests (excluding Mid-Trimester Tests) o No extensions permitted or granted – a make-up test may only be permitted under very special circumstances where acceptable supporting evidence is provided. The procedures and timing to apply for a make-up test (only if available) are as shown in Section 3.2.1 Applying for an Extension (below). o Missing a class test will result in 0 marks for that assessment element unless the above applies. o Written Assessments o - 5% of the total available marks per calendar day unless an extension is approved (see Section 3.2.1 below) o Presentations o No extensions permitted or granted – no presentation = 0 marks. The rules for make-up presentations are the same as for missing in-class tests (described above). o Mid-Trimester Tests and Final Exam o If students are unable to attend mid-trimester tests or the final exam due to illness or some other event (acceptable to KOI), they must: 1. Advise KOI in writing (email: [email protected]) as soon as possible, but no later than three (3) working days after the exam date, that they will be / were absent and theACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 14 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A reasons. They will be advised in writing (return email) as to whether the circumstances are acceptable. 2. Complete the appropriate Application for Extension or Deferred Exam Form available from the Student Information Centre in Moodle, on the KOI Website (Policies and Forms) and the Reception Desk (Market St), as soon as possible and email with attachments to [email protected]. 3. Provide acceptable documentary evidence in the form of a satisfactorily detailed medical certificate, police report or some other evidence that will be accepted by KOI. 4. Agree to attend the deferred exam as set by KOI. Please note: there will only be one deferred exam offered. • Marks awarded for the deferred exam will be the marks awarded for that assessment. • If you miss the deferred exam you will be awarded 0 marks for the assessment. This may mean you are unable to complete (pass) the subject. 3.2.1 Applying for an Extension If students are unable to submit or attend an assessment when due, and extensions are possible, they must apply by completing the appropriate Application for Extension form available from the Student Information Centre in Moodle, the KOI Website (Policies and Forms) and the Reception Desk (Market St), as soon as possible but no later than three (3) working days of the assessment due date. The completed form must be emailed with supporting documentation to [email protected]. Students and lecturers / tutors will be advised of the outcome of the extension request as soon as is practicable. Appropriate documentary evidence to support the request for an extension must be supplied. Please remember there is no guarantee of an extension being granted, and poor organisation is not a satisfactory reason to be granted an extension. 3.3 Plagiarism and Referencing Please remember that all sources used in assessment tasks MUST be suitably referenced. Failure to acknowledge sources is plagiarism, and as such is a very serious academic issue. Students plagiarising run the risk of severe penalties ranging from a reduction through to 0 marks for a first offence for a single assessment task, to exclusion from KOI in the most serious repeat cases. Exclusion has serious visa implications. The easiest way to avoid plagiarising is to reference all sources. Harvard referencing is the required method – in-text referencing using Author's Surname (family name) and year of publication. While there are many versions of Harvard referencing, KOI prefers the Anglia version of Harvard referencing. A Referencing Guide "Harvard Referencing", and a Referencing Tutorial can be found in the right hand menu strip in Moodle on all subject pages. An effective way to reference correctly is to use Microsoft Word's referencing function (please note that other versions and programs are likely to be different). To use the referencing function, click on the References Tab in the menu ribbon – students should choose Harvard – Anglia 2008 as the style. A guide to this method can be found in Moodle. Authorship is also an issue under Plagiarism – KOI expects students to submit their own original work in both assessment and exams. All students agree to a statement of authorship when submitting assessments online via Moodle, stating that the work submitted is their own original work. Authorship becomes as issue under the following circumstances: • Handing in work created by someone else, whether copied from another student, written by someone else, or from any published or electronic source, is fraud, and falls under the general Plagiarism guidelines.ACC706 ACC706 ACCOUNTING THEORY AND ISSUES T316 FINAL 12-11-2016 Page 15 of 15 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ABN: 72 132 629 979 CRICOS 03171A • Copying / cheating in tests and exams also fall under these guidelines. Such incidents will be treated just as seriously as other forms of plagiarism. • Students who willingly allow another student to copy their work in any assessment situation may be considered to collude to the copying/cheating, and similar penalties may be applied. Further information can be found on the KOI website. 3.4 Reasonable Adjustment The Commonwealth Disability Discrimination Act (1992) makes it unlawful to treat people with a disability less fairly than people without a disability. In the context of this unit, the principle of Reasonable Adjustment is applied to ensure that participants with a disability have equitable access to all aspects of the learning situation. For assessment, this means that artificial barriers to their demonstrating competence are removed. Examples of reasonable adjustment in assessment may include: • provision of an oral assessment, rather than a written assessment • provision of extra time • use of adaptive technology. The focus of the adjusted assessment should be on enabling the participants to demonstrate that they have achieved the unit purpose, rather than on the method used. 3.5 Appeals Process Full details of the KOI Assessment and Assessment Appeals Policy may be obtained in hard copy from the Library, and on the KOI website www.koi.edu.au under Policies and Forms. 3.5.1 Assessments and Mid-Trimester Exams Where students are not satisfied with the results of an assessment, including mid-trimester exams, they have the right to appeal. The process is as follows: 1. Discuss the assessment with their tutor or lecturer – students should identify where they feel more marks should have been awarded – students should provide valid reasons based on the marking guide provided for the assessment. Reasons such as "I worked really hard" are not considered valid. 2. If still not satisfied, students should complete an Application for Review of Assessment Marks form, detailing the reason for review. This form can be found on the KOI website and is also available at KOI Reception (Market St). 3. Application for Review of Assessment Marks forms must be submitted as explained on the form within ten (10) working days of the return of the marked assessment, or within five (5) working days after the return of the assessment if the assessment is returned after the end of the trimester. 3.5.2 Review of Grade – whole of subject and final exams Where students are not satisfied with the results of the whole subject or with their final exam results, they have the right to request a Review of Grade – see the Assessment and Assessment Appeals Policy for more information. An Application for Review of Grade form (available from the KOI Website under Policies and Forms and from KOI Reception, Market St) should be completed clearly explaining the grounds for the application. The completed application should be submitted as explained on the form, with supporting evidence attached, to the Academic Manager.