ACCT3601 Global Financial Reporting and Analysis - 2022
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ACCT3601 Global Financial Reporting and Analysis - 2022
1. Course Details
Summary of Course
With the increasing globalisation of business and capital markets, there is a more extensive use of cross- border fnancial information. This course considers the key issues in international fnancial reporting and analysis. Topics include: the types of differences in national fnancial reporting practices; the reasons for the differences; the progress of the International Accounting Standards Board in reducing the diversity; foreign exchange risk and foreign currency accounting issues; reporting and disclosure in developed countries including the USA, Japan and the members of the European Union; the role of accounting in developing countries and Eastern Europe; fnancial reporting in emerging capital markets including those in the Asia-Pacifc region; and analysis of country-specifc fnancial statements in the cultural, business and legal context of each country. Numerical examples and cases are used to highlight important concepts and issues.
Teaching Times and Locations
Please note that teaching times and locations are subject to change. Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations.
Course Policies & Support
The Business School expects that you are familiar with the contents of this course outline and the UNSW and Business School learning expectations, rules, policies and support services as listed below:
Program Learning Outcomes
Academic Integrity and Plagiarism
Student Responsibilities and Conduct
Special Consideration
Protocol for Viewing Final Exam Scripts
Student Learning Support Services
Further information is provided in the Assessmentand PoliciesandSupportsections.
Students may not circulate or post online any course materials such as handouts, exams, syllabi or similar resources from their courses without the written permission of their instructor.
Course Aims and Relationship to Other Courses
The aim of this Course is to provide an understanding of the international dimensions of external business reporting and analysis. Students are introduced to the reporting issues faced by entities with cross-border operations and more than one stock exchange listing. International fnancial reporting standards are examined along with the diversity at national levels in the adoption of these standards and in the quality of the national assurance and enforcement mechanisms. This Course is offered by the School of Accounting, Auditing & Taxation and may form part of an accounting major, double major, or a disciplinary minor within the Bachelor of Commerce or Bachelor of Economics degrees. ACCT2542 Corporate Financial Reporting and Analysis is a prerequisite for this Course.
Student Learning Outcomes
The Course Learning Outcomes (CLOs) are what you should be able to demonstrate by the end of this course, if you participate fully in learning activities and successfully complete the assessment items.
CLOs also contribute to your achievement of the Program Learning Outcomes (PLOs), which are developed across the duration of a program for all students. More information on coursework PLOs is available under PoliciesandSupport . PLOs are, in turn, directly linked to UNSWgraduatecapabilitiesand the aspiration to develop “globally focussed graduates who are rigorous scholars, capable of leadership and professional practice in an international community” .
For PG research PLOs please refer to the UNSWHDRGraduateAttributesandLearningOutcomes .
The following table shows how the CLOs for this course relate to the overall PLOs and indicates where each CLO and PLO is assessed:
Course Learning Outcomes |
Program Learning Outcomes |
Course Assessment Item |
On successful completion of the course, you should be able to: |
This course helps you to develop the following Program Learning Outcomes: |
This learning outcome will be assessed in the following items: |
1. Describe international differences and the impact of globalisation on fnancial reporting |
PLO 1: Business knowledge PLO 6: Global and cultural competence |
Assessment 1: Discussion Questions (DQ) Assessment 2: Assignment |
2. Explain the classifcation of accounting systems and the impact of institutional differences on accounting standard setting |
PLO 1: Business knowledge PLO 6: Global and cultural competence |
Assessment 1: Discussion Questions (DQ) |
3. Evaluate and critically analyse the importance of enforcement agencies and the effect of political lobbying on accounting standards |
PLO 1: Business knowledge PLO 2: Problem solving PLO 6: Global and cultural competence |
Assessment 1: Discussion Questions (DQ) Assessment 2: Assignment |
4. Construct written work which is logically and professionally presented |
PLO 2: Problem solving PLO 3: Business communication |
Assessment 1: Discussion Questions (DQ) Assessment 2: Assignment Assessment 3: Final Exam |
5. Analyse the impact of cultural differences in global fnancial reporting |
PLO 1: Business knowledge PLO 2: Problem solving PLO 5: Responsible business practice |
Assessment 1: Discussion Questions (DQ) Assessment 2: Assignment Assessment 3: Final Exam |
Course Learning Outcomes |
Program Learning Outcomes |
Course Assessment Item |
|
PLO 6: Global and cultural competence |
|
2. Staff Contact Details
Position |
Title |
Name |
|
Location |
Phone |
Consultation Times |
Lecturer- in- charge |
AProf |
Quadrangle Building 3056A |
+61 2 9385 5824 |
Thursday 4-5pm |
The policies regarding staff contact in the School of Accounting, Auditing and Taxation are as follows: All questions regarding course administration should be directed to the Lecturer-in-charge.
The full-time staff will be available for consultation starting from Weeks 2 to 10 and STUVAC period. Consultation hours will be advised on the course Moodle page in a consolidated timetable.
Students are encouraged to consult with staff during online consultation sessions. Consultation will
not be provided via email or phone.
Consultation times during STUVAC period will likely vary to the regular consultation during Term and be
posted on the course webpage later in the Term.
While emails to staff should be a rare occurrence as noted above, in instances where it is warranted, please make sure that:
You use your UNSW email address when corresponding with the teaching staff on this course. Emails
from other addresses (such as Hotmail, Gmail, Yahoo, 126, QQ, etc.) are not accepted and will not be replied to.
You must use appropriate communication level with staff, emails and discussion forum posts that use
short-hand and “Texting” language are not acceptable, and communication must be in English. If your email cannot be understood then staff will not reply.
You must identify yourself by your full name, student ID and tutorial day and time.
Please be aware that Staff will not necessarily reply to students to inform them if their emails are non- compliant.
Full-time teaching staff only answer emails during regular working hours of Monday to Friday 9am-5pm. Tutoring staff often have other jobs and require 48 hours within regular business offce hours to reply to emails.
Complaints about the assessment and other aspects of this course should be directed in the frst instance to the Lecturer-in-Charge (or Course Convenor) and if still unsatisfed with the response received then you are directed to contact the School of Accounting, Auditing & Taxation Grievance Offcer, details available here:
https://www.unsw.edu.au/business/our-schools/accounting-auditing-taxation/contact-us
3. Learning and Teaching Activities
Use of your Webcam and Digital Devices: If you enrol in an online class, or the online stream of a hybrid class, teaching and associated activities will be conducted using Teams, Zoom, or similar a technology. Using a webcam is optional, but highly encouraged, as this will facilitate interaction with your peers and instructors. If you are worried about your personal space being observed during a class, we encourage you to blur your background or make use of a virtual background. Please contact the Lecturer-in-Charge if you have any questions or concerns.
Some courses may involve undertaking online exams for which your own computer or digital devices will be required. Monitoring of online examinations will be conducted directly by University staff and is bound by the University's privacy and security requirements. Any data collected will be handled accordance with UNSWpoliciesandstandardsfordatagovernance. For more information on how the University manages personal information please refer to the UNSW StudentPrivacyStatementand the UNSWPrivacyPolicy.
Approach to Learning and Teaching in the Course
This Course is run as a series of online seminars and does not follow the traditional format of lectures followed by tutorials. This is an advanced undergraduate accounting elective Course and, as such, independent learning from students is expected. Note that the Course is based on discursive and qualitative case studies, which require an advanced level of written and oral communication skills.
It is up to you to choose how much work you do in each part of the Course: preparing for classes; completing discussion questions; completing assessment items; and seeking assistance or extra work to extend and clarify your understanding. You must choose an approach that best suits your learning style and goals in this Course. It is important to keep up-to-date as the material covered in each week builds on the material covered in prior weeks.
3. Learning Activities and Teaching Strategies
Students are required to attend one 3-hour online class each week and to read the prescribed readings and complete responses to discussion questions prior to attending the class.
A large part of the Course and its assessments require students to critically analyse and apply Course materials to real -life cases and issues. Discussion sessions as part of each week’s online class are designed to allow students to practice their analytical and problem-solving skills. It is therefore important for students to attend and participate in classes each week.
4. Assessment
Formal Requirements
In order to pass this course, you must:
achieve a composite mark of at least 50 out of 100;
meet any additional requirements described in the Assessment Summary section.
You are expected to attempt all assessment requirements in the course.
2022-09-08