UNIT OUTLINE Read this document to learn essential details about your unit. It will

also help you to get started with your studies.

BFA526 Financial Reporting and Analysis

Semester 2, 2014

THIS UNIT IS BEING OFFERED IN HOBART

Taught by:

John Pugh

CRICOS Provider Code: 00586B

BFA526, Financial Reporting and Analysis 2

Contents

Contact Details ........................................................................................................................................ 2

Prior Knowledge &/or Skills OR Prerequisite Unit(s) .............................................................................. 3

Enrolment in the Unit ............................................................................................................................. 3

When does the unit begin? ..................................................................................................................... 3

Intended Learning Outcomes and Generic Graduate Attributes for BFA 526 ........................................ 4

Learning Expectations and Teaching Strategies/Approach .................................................................... 5

Learning Resources ................................................................................................................................. 5

Library ............................................................................................................................................. 6

Yahoo .............................................................................................................................................. 6

Technical requirements for MyLO ...................................................................................................... 7

Details of Teaching Arrangements .......................................................................................................... 8

Assessment ............................................................................................................................................. 9

Submitting Assessment Items ............................................................................................................... 11

Review of Assessment and Results ....................................................................................................... 12

Further Support and Assistance ............................................................................................................ 13

Academic Misconduct and Plagiarism .................................................................................................. 14

Study/ Workshop Schedule ................................................................................................................... 15

Contact Details

Your lecturer: John Pugh John completed a Bachelor of Commerce and a Bachelor of Education at the University of Cape Town, a post-Graduate Certificate in Education through London University and a Master of Arts at the University of Sussex. He has extensive teaching experience in the University Sector and was previously a full-time Senior Lecturer in Accounting and Finance at the University of Tasmania. He is a CPA and a current member of CPA Australia. His research interests are curriculum development and design in accounting education and the linguistics of accounting. Unit Coordinator: Mr John Pugh Campus: Launceston (Newnham) Room Number: Room A259 Email: John.Pugh@utas.edu.au Phone: +61 3 6324 3315/ 0419 544 803 Consultation Time: Thursdays 4.00-5.00pm

BFA526, Financial Reporting and Analysis 3

Unit Description Welcome to Financial Reporting and Analysis. We hope that you find the subject challenging and rewarding. It is planned to help you understand the basic accounting model and the special concepts and language that underpin general purpose financial reports so that you can use and interpret (make sense of) them. It will do this from the points of view of an investor, lender or other resource provider (an external user) and of a manager (an internal user). It will also help you understand some basic techniques and types of information that managers can use in managing and controlling internal operating decisions.

We assume that you have limited previous knowledge about accounting so another important aim is to give you the ideas, concepts, language and analytical skills to pass the subject. We want you to understand how and why accountants, managers and other people affected by accounting numbers think and behave in contemporary Western Society.

We don’t expect you to be able to actually design and maintain accounting systems - this is the job of the professional accountant. However, as a manager you must able to communicate intelligently with accountants, investment advisers and colleagues on the management team, and feel confident in using financial information and terminology in managing an organisation. You should also understand articles in the financial media and contemporary debates about business and economic issues and events, such as the recent ‘global financial crisis’, the forestry debate in Tasmania, the ‘resources boom’ and what is called the ‘bonus culture’ in large corporations. In other words you should become financially ‘literate’ by understanding the language of business, how it is used in economic debates and, importantly, the biases and limitations of accounting numbers and reports.

Prior Knowledge &/or Skills OR Prerequisite Unit(s)

Microsoft Excel. There are no prerequisite units for this subject. However, we do expect that you have a reasonably high level of literacy and numeracy skills.

Enrolment in the Unit

Unless there are exceptional circumstances, you should not enrol in this unit after the end of week two of the semester, as the Tasmanian School of Business and Economics (TSBE) cannot guarantee that:

your lecturer will be able to give you any extra help for work covered in the period prior to enrolment; or

you will avoid penalties for late submission of any piece or pieces of assessment that were due during this period.

When does the unit begin?

The unit begins officially in Week 1 of Semester 2, 2014 and the first Workshop is on Thursday 17 July from 5.00-8.00 pm. Some materials relevant to the unit will be made available on MyLO before the beginning of the semester.

BFA526, Financial Reporting and Analysis 4

Intended Learning Outcomes and Generic Graduate Attributes for BFA526

Intended Learning Outcomes Assessment

Methods Graduate Attribute Outcomes

In this unit you will learn to: In assessing this unit we will be looking at your ability to:

Note that Review Questions relate to all learning outcomes by encouraging attention to each of the topics The assessments and teaching activities in this unit have been designed to develop the following graduate attributes in students:

Reasonably detailed knowledge of financial reporting and decision-making and the ability to apply knowledge and skills to diverse accounting and related situations in Australian and international contexts.

Lifelong learning skills in pursuit of professional development.

Written communication skills in a manner appropriate to the professional situation.

The ability to apply logical thinking to a range of business related problems and to enable participation in critical discussions and the ability to defend a position held both individually and as part of a culturally and linguistically diverse groups.

An awareness of when information is required to address a problem.

An awareness of the global business environment and the ability to incorporate its influence in accounting practices and decisions.

1. Explain the origins, structure, and content of financial reports.

a. Explain the legal and organisational setting in which financial information is prepared and used.

Assessment item 2

b. Define the elements of financial reports and describe and apply the concepts underpinning the preparation of financial reports.

Assessment items 1 & 3 Examination

c. Record accounting transactions and prepare simple financial reports.

Assessment item 1 Examination

2. Apply appropriate skills and concepts to interpret data in general purpose financial reports and management reports.

a. Analyse and interpret information contained in internal and external financial reports.

Assessment item 3 Examination

b Identify inherent limitations and biases of the information contained in financial reports.

Assessment item 2 Examination

3. Apply appropriate skills and concepts to make decisions based on the information contained in financial statements and reports.

a. Use financial information and financial models to make decisions about the efficient and effective allocation of economic resources within an organisation.

Assessment item 3 Examination

b. Consider the contemporary issues of ethics and social responsibility in accounting.

Assessment item 2 Examination

4. Communicate financial information.

a. Explain to internal and external stakeholders, the reasons behind financial decisions.

Assessment item 3 Examination

b. Use appropriate techniques to communicate financial information and financial decisions based upon financial data analysis.

Assessment item 3 Examination

BFA526, Financial Reporting and Analysis 5

Learning Expectations and Teaching Strategies/Approach

Put formally, the University is committed to a high standard of professional conduct in all it’s activities, and holds its commitment and responsibilities to its students as being of paramount importance. Likewise, it holds expectations about the responsibilities you have, as students, as you pursue your studies within the special environment the University offers. The University’s Code of Conduct for Teaching and Learning states:

Students are expected to participate actively and positively in the teaching/learning environment. They must attend classes when and as required, strive to maintain steady progress within the subject or unit framework, comply with workload expectations, and submit required work on time.

Thursday Workshops

There will be ten three-hour workshops scheduled on Thursday evenings. These workshops are a compacted style of teaching the conventional lecturer/tutorial, with face-to-face contact between students and lecturers. Minimal use is made of MyLO as the approach is not intended to be ‘flexible’ or ‘online’. You must complete the required reading and study tasks set out in the Unit Schedule (and/or accompanying unit materials) before the workshop. In this way, you will keep up with the study programme and be ready to discuss the issues raised in the materials during the workshops. We expect that you will do at least 10 hours of private study each week preparing for the workshops, completing review questions and researching and writing assignments.

The dates, topics, readings and review questions for the workshops are set out in the Unit Schedule on the last page of this unit outline.

Details of expected learning outcomes and the graduate attributes that we expect you will achieve are detailed on the previous page.

Work, Health and Safety (OH&S) The University is committed to providing a safe and secure teaching and learning environment. As well as the specific requirements of this unit you should refer to the University’s policy at: www.utas.edu.au/work-health-safety.

Learning Resources

Prescribed Text The prescribed text is a resource that you must have. The text is: Atrill, P, McLaney, E, Harvey, D, & Jenner, M, 2012, Accounting: An introduction, 5th edn, Sydney: Pearson Education Australia.

It is available from: a. University Cooperative Bookshop Ltd (www.co-opbookshop.com.au) or telephone the Hobart

Campus bookshop on 03 6224 2614 for a hardcopy; or (www.mypearsonstore.com.au) an electronic version (ISBN 9781442536401) for your personal computer or iPad or other tablet device; or

b. Previous users; a second-hand book. If you do, make sure that it is the fifth edition – the learning resources are drawn from this edition so it is awkward to work with an earlier one.

BFA526, Financial Reporting and Analysis 6

Recommended Texts A recommended text is a resource that you can use to broaden your understanding of the topics covered, and may also help you when doing research for assignments.

The texts listed below should be in the UTAS library. You may wish to refer to one or more of them where you are looking for different treatment of some of the issues we cover, but they are not likely to offer more advanced coverage. Bazley, M, & Hancock, P, 2010, Contemporary Accounting, 7th edn, Cengage Learning Australia Pty Ltd, South Melbourne. Birt, J, Chalmers, K, Maloney, S, Brooks, A, and Oliver, J, 2014, Accounting: Business Reporting for Decision Making, 5th edn , John Wiley and Sons Australia Ltd, Milton. Carlon, S, Kimmel, PD, Loftus, J, Mladenovic, R, Kieso, DE and Weygandt, JJ, 2009, Accounting: Building Business Skills, 3rd edn, John Wiley and Sons Australia Ltd, NSW. Horngren, CT, Harrison, WT, Oliver, S, Best P, Fraser, D, Tan, R and Willet, R, 2012, Acounting 7th edn, Melbourne: Pearson Education Australia.

Other Recommended Resources

Journals and Periodicals You will find it valuable to read relevant articles from journals, the financial press and some magazines. The Economist is a good journal and The Financial Review and business pages in the Australian deal with contemporary business issues. A relevant academic journal is the Australian Accounting Review.

Useful Websites

Library

The library has a subject guide for company information at the following link http://utas.libguides.com/content.php?pid=30853&sid=225561. Look at the tabs at the top of this page. Within the business directories tab, you will find a useful electronic database called FinAnalysis – this will be useful when researching financial information on companies. You will need your University student identification name and password.

Yahoo

This website is also useful for financial information on companies, but is not as extensive or reliable as FinAnalysis: http://au.finance.yahoo.com

BFA526, Financial Reporting and Analysis 7

Learning Resources via MyLO

Some learning resources will be available through the University’s online learning platform, MyLO. These will be presented roughly in the order of the Study Schedule and will include the Unit Outline, PowerPoint slides and some video clips. The TSBE Guide for Students and other useful links are on this site.

My Learning Online (MyLO) You must have access to the online MyLO unit. To log in to MyLO at: http://www.utas.edu.au/learning-teaching-online and select BFA526 from the list of units. For help using MyLO go to http://www.utas.edu.au/learning-teaching-online.

Technical requirements for MyLO

For help and information about setting up your own computer and web browser for MyLO, see: http://uconnect.utas.edu.au/

While on campus, you can access the University network and MyLO via a laptop computer or other mobile device. See: http://uconnect.utas.edu.au/uana.htm

You can also access MyLO on computers in the Library and in computer labs on campus. See: http://www.utas.edu.au/it/computing-distributed-systems/computer-labs-facilities-and-locations

For more technical information and help, contact the UTAS Service Desk on 6226 1818 or at http://www.utas.edu.au/service-desk during business hours.

Learning to use MyLO When you login to MyLO, you will see a unit called Getting Started with MyLO. Enter the unit to learn more about MyLO and to practice using its features.

MyLO Expectations 1. You are expected to maintain the highest standards of conduct across all modes of

communication, either with staff or with other students. You may incur penalties if the Unit Coordinator believes that, in any instance or mode of communication, your language or content is inappropriate or offensive. MyLO is a public forum. We expect due levels of respect, professionalism and high ethical standards at all times.

2. Submitting assessment tasks via MyLO presumes that you have read, understood and will abide by the requirements relating to academic conduct, and in particular, the requirements relating to plagiarism. All work submitted electronically is presumed to be “signed-off” by you as your own work. Any breach of this requirement will lead to student misconduct processes.

3. MyLO is an Internet service for teaching and learning provided by the University. It is

expected that you check your units in MyLO for updates regularly. Essentially, any extra resource updates for this unit will comprise PowerPoint presentations, occasional readings and video clips.

BFA526, Financial Reporting and Analysis 8

Other important resources on MyLO At the conclusion of each unit you will be asked to give online responses to a number of matters about the learning and teaching in the unit. Please respond honestly to these questions, as we use all information received to improve the delivery of future offerings.

Changes to this Unit Based on Previous Student Feedback A more suitable prescribed textbook is currently being investigated.

Details of Teaching Arrangements

Learning and teaching in this unit is a blend of activities that include attending workshops, reading the textbook, working through case studies and exercises, doing assessment tasks and studying independently.

Workshops As stated previously, workshops are an interactive mix of lectures, practical exercises and discussions. The lecture components are used to introduce workshop activities and sum up these activities afterwards and stimulate discussion. Some reference will be to selected PowerPoint slides, but slides not selected are for your guidance (we will avoid ‘death by Power Point!). The practical exercises and discussions will centre around specially prepared case studies and exercises and review questions, and will take place in small groups. We expect that your different work experiences will enrich the discussions, so don’t miss these sessions!

Independent Study This is the most important part of your study activities. It involves working through the textbook, answering review questions, analysing extra articles and press reports and preparing and submitting assignments. You must keep up-to-date with the reading if you want to achieve a grade of pass or higher on merit. This needs some good time management!

Communication, Consultation and Appointments Check the MyLO News tool at least once every two days. Any news will appear when you first enter our unit’s MyLO site If you have an question or problem, try contacting a member in your small group. If they can’t help you then email me directly. I will normally reply the same day. Generally, your fellow students are an excellent resource. If your question is about a personal issue or your performance in the unit or an assignment, again email me directly. When you write an email I need to find out out who you are and which topic or issue you are talking about, so please include the following information: Family name; Preferred name; Student ID; Unit code (i.e., BFA526); Your question(s). If your question is about an assessment task, please include the assessment task number or name.

BFA526, Financial Reporting and Analysis 9

Assessment

Assessment Schedule To pass this unit you must achieve an overall mark of at least 50 percent of the total available marks. Brief details of each assessment item are outlined below.

Assessment Items Due Date Value/Weighting Link to Learning Outcomes

Transactions and financial reports.

Thursday 7 August by 5.00pm

15% Learning Outcomes 1c, 4b.

Report based on financial analysis of an Australian listed company.

Thursday 28 August by 5.00pm

20% Learning Outcomes 2a, 2b, 4a, 4b.

Answers to questions on financial accounting issues.

Thursday 18 September by 5.00pm

15% Learning Outcomes 1a, 1b, 2b, 3b

Examination.

At time advised by Examinations Office

50% Learning Outcomes 1- 4

Total

100%

More details are given on the next page.

Assessment Item 1 – Transactions and financial reports

Task Description:

Record a given set of business transactions for a limited company using a worksheet; Prepare a balance sheet, income statement and statement of cash flows; Give short written answers to accounting related questions. You will be given the set of transactions during the second workshop.

Task Length Not applicable.

Assessment Criteria: As outlined in a marking schedule to be provided.

Link to Unit’s Learning Outcomes:

Learning Outcomes 1c, 4b.

Due Date: Thursday 7 August 5.00pm. Hand hard copy to lecturer in workshop.

Value: 15%

Assessment Item 2 – Report based on the analysis and interpretation of financial reports of an Australian Listed company

Task Description: A wealthy investor has asked you to analyse the financial reports of a listed Australian company of your choice. The analysis is to be based on the company’s published financial reports for the three years 2011-2013. The company should include inventory in its balance sheets and cost of sales in its

BFA526, Financial Reporting and Analysis 10

income statements and should not be a mining company or be involved in banking and finance.

Due to a range of other attractive investment opportunities available, the investor is anxious to receive a written opinion (report) on the financial prospects for the company and its subsidiaries. She is considering either buying a substantial block of shares or subscribing for a forthcoming issue of the company’s five-year unsecured bonds.

You may access the annual reports for your company using the annual report database available in the University Library’s databases. Alternatively, if you want to select your own company, you will find that most listed Australian companies have websites that are useful to research their backgrounds, annual financial reports and future prospects.

Nearer the submission date you will be given a suggested contents page that you may find useful in structuring your report, and some advice on presenting ratio data.

Task Length The report should be a maximum of 2000 words, excluding appendices and tables. Your client is a busy person, so keep the report concise and to the point and recommend which option, if any, the client might choose.

Assessment Criteria: As outlined in a marking schedule and rubric to be provided.

Link to Unit’s Learning Outcomes:

Learning outcomes 2a, 2b, 4a, 4b

Due Date: Thursday 28 August 5.00pm. Hand hard copy to lecturer in workshop. Value: 20%

Assessment Item 3 – Written answers to questions on financial accounting issues

Task Description: Written answers to questions on financial accounting issues.

These will be provided nearer the submission date.

Task Length Maximum 1500 words.

Assessment Criteria: As outlined in a rubric to be provided.

Link to Unit’s Learning Outcomes:

Learning outcomes 1a, 1b, 2b, 3b.

Due Date: Thursday 18 September at 5.00pm. Hand hard copy to lecturer in the workshop.

Value: 15%

BFA526, Financial Reporting and Analysis 11

Assessment Item 4 - Final examination

Task Description: The final examination will be held during the scheduled examination period as advised by the examinations office. You will get details in correspondence from the examinations office.

Task Length Three hours plus 15 minutes reading time.

Assessment Criteria: As detailed in the document on page 4.

Link to Unit’s Learning Outcomes:

Learning Outcomes 1-4

Due Date: Exam period

Value: 50%

Your final examination will be held during the scheduled examination period as indicated in correspondence from Student Administration. Examinations are normally scheduled Monday to Saturday inclusive. Examinations may be held during the day or evening and you should consult the university information which will be made available towards the end of the semester. We advise you to make any necessary arrangements with employers now for time off during the examination period to sit this examination. Your participation at the scheduled time is not negotiable unless there are exceptional circumstances. Note, you will be expected to sit the examination at your recorded study centre. To find out more go to the Exams Office website: http://www.utas.edu.au/exams/home .

Submitting Assessment Items

Lodging Assessment Items An electronic copy of all assignments must be submitted to the lecturer via email by 5.00pm on the due date. You must also hand in a hard copy (paper version) to the lecturer at 5.00pm on the due date during the relevant workshop. All assignments must have a TSBE Assignment Cover Sheet, which is available as a blank template from the TSBE website: [http://www.utas.edu.au/business-and-economics/student-resources]. All assignments must include your name, student ID number, tutorial day/time, and your tutor’s name. If this information is missing the assignment will not be accepted and, therefore, not marked. Please remember that you are responsible for lodging your assessment items on or before the due date and time. We suggest you keep a copy. Even in ‘perfect’ systems, items sometimes go astray.

Late Assessment and Extension Policy In this Policy

1. (a) ‘day’ or ‘days’ includes all calendar days, including weekends and public holidays;

(b) ‘late’ means after the due date and time; and

BFA526, Financial Reporting and Analysis 12

(c) ‘assessment items’ includes all internal non-examination based forms of assessment

2. This Policy applies to all students enrolled in TSBE Units at whatever Campus or geographical location.

3. Students are expected to submit assessment items on or before the due date and time specified in the relevant Unit Outline. The onus is on youto prove the date and time of submission.

4. Students who have a medical condition or special circumstances may apply for an extension. Requests for extensions should, where possible, be made in writing to the Unit Coordinator on or before the due date. Students will need to provide independent supporting documentation to substantiate their claims.

5. Late submission of assessment items will incur a penalty of 10 percent of the total marks possible for that piece of assessment for each day the assessment item is late unless an extension had been granted on or before the relevant due date.

6. Assessment items submitted more than five (5) days late will not be accepted.

7. Academic staff do NOT have the discretion to waive a late penalty, subject to clause 4 above.

Academic Referencing and Style Guide In your written work you must support your ideas by referring to scholarly literature, works of art and/or inventions. It is important that you understand how to correctly refer to the work of others and maintain academic integrity.

Failure to appropriately acknowledge the ideas of others constitutes academic dishonesty (plagiarism), a matter considered by the University of Tasmania as a serious offence.

The appropriate referencing style for this unit is: the Harvard style. For information on presentation of assignments, including referencing styles: http://utas.libguides.com/content.php?pid=27520&sid=199808

Review of Assessment and Results

Review of Continuous Assessment It is expected that you will adhere to the following policy for a review of any piece of continuous assessment. The term continuous assessment includes any assessment task undertaken across the teaching phase of the unit (such as an assignment, a tutorial presentation, and online discussion, and the like), as well as any capstone assignment or take-home exam. Within five (5) days of release of the assessment result you may request a meeting with the assessor for the purpose of an informal review of the result (in accordance with Academic Assessment Rule No. 2 Clause 22 – www.utas.edu.au/university-council/university-governance/rules). During the meeting, you should be prepared to discuss specifically the marks for the section(s) of the marking criteria you are disputing and why you consider their mark(s) are incorrect. The assessor will respond to the request for review within five (5) days of the meeting. If you are not satisfied with the response you may request a formal review of assessment by the Head of Discipline, with the request being lodged within five (5) days of the informal review being completed. A Review of Internal Assessment Form must be submitted with the formal review

BFA526, Financial Reporting and Analysis 13

(http://www.studentcentre.utas.edu.au/examinations_and_results/forms_files/review_of_assessment.pdf).

Review of Final Exam/Result In units with an invigilated exam you may request a review of your final exam result. You may request to see your exam script after results have been released by completing the Access to Exam Script Form, which is available from the TSBE Office, or at the following link – http://www.utas.edu.au/business-and-economics/student-resources. Your unit coordinator will then contact you by email within five (5) working days of receipt of this form to go through your exam script. Should you require a review of your final result a formal request must be made only after completing the review of exam script process list above. To comply with UTAS policy, this request must be made within ten (10) days from the release of the final results (in accordance with Academic Assessment Rule No. 2 Clause 22 – www.utas.edu.au/university-council/university-governance/rules). You will need to complete an Application for Review of Assessment Form, which can be accessed from www.studentcentre.utas.edu.au/examinations_and_results/forms_files/review_of_assessment.pdf. Note that if you have passed the unit you will be required to pay $50 for this review. The TSBE reserves the right to refuse a student request to review final examination scripts should this process not be followed.

Further Support and Assistance

If you are experiencing difficulties with your studies or assessment items, have personal or life-planning issues, disability or illness which may affect your study, then we advise you to raise these with your lecturer or tutor in the first instance. If you don’t feel comfortable contacting one of these people, or you have had discussions with them and are not satisfied, then you are encouraged to contact:

DIRECTOR OF POSTGRADUATE PROGRAMS Name: Dr Rob Hecker Room: 304, Commerce Building, Sandy Bay Email: Rob.Hecker@utas.edu.au

You are also encouraged to contact your Graduate Student Adviser who will be able to help you identify the issues that need to be addressed, give general advice, help by liaising with academic staff, as well as referring you to any relevant University-wide support services. Please refer to the Student Adviser listings at www.utas.edu.au/first-year/student-advisers for your adviser’s contact details. There is also a range of University-wide support services available, including Student Centre Administration, Careers and Employment, Disability Services, International and Migrant Support, and Student Learning and Academic Support. Please refer to the Current Students website (available from www.utas.edu.au/students) for more information.

BFA526, Financial Reporting and Analysis 14

If you wish to pursue any matters further then a Student Advocate may be able to assist. Information about the advocates can be accessed from www.utas.edu.au/governance-legal/student-complaints. The University also has formal policies, and you can find out details about these policies from the following link – www.utas.edu.au/governance-legal/student-complaints/how-to-resolve-a-student-complaint/self-help-checklist.

Academic Misconduct and Plagiarism

Academic misconduct includes cheating, plagiarism, allowing another student to copy work for an assignment or an examination, and any other conduct by which a student: (a) seeks to gain, for themselves or for any other person, any academic advantage or advancement

to which they or that other person are not entitled; or (b) improperly disadvantages any other student.

Students engaging in any form of academic misconduct may be dealt with under the Ordinance of Student Discipline. This can include imposing penalties that range from a deduction/cancellation of marks to exclusion from a unit or the University. Details of possible penalties are available in the Ordinance of Student Discipline – Part 3 Academic Misconduct, see www.utas.edu.au/universitycouncil/legislation. Plagiarism is a form of cheating. It is taking and using someone else’s thoughts, writings or inventions and representing them as your own, for example: • using an author’s words without putting them in quotation marks and citing the source; • using an author’s ideas without proper acknowledgment and citation; or • copying another student’s work. It also means using ones’ own work from previously submitted assessment items if repeating a unit. If you have any doubts about how to refer to the work of others in your assignments, please consult your lecturer or tutor for relevant referencing guidelines, and the academic integrity resources on the web at http://www.academicintegrity.utas.edu.au/ The intentional copying of someone else’s work as one’s own is a serious offence punishable by penalties that may range from a fine or deduction/cancellation of marks and, in the most serious of cases, to exclusion from a unit, a course, or the University. The University and any persons authorised by the University may submit your assessable works to a plagiarism checking service, to obtain a report on possible instances of plagiarism. Assessable works may also be included in a reference database. It is a condition of this arrangement that the original author’s permission is required before a work within the database can be viewed. For further information on this statement and general referencing guidelines, see www.utas.edu.au/plagiarism/ or follow the link under ‘Policy, Procedures and Feedback’ on the Current Students homepage.

BFA526, Financial Reporting and Analysis 15

Study/ Workshop Schedule

Week

Thursday

Topics

Atrill et al: Chapter/s

Review Questions from Textbook

D Questions E Exercises

C Case studies

Assignment Due

Dates

1 17 July 2014 Accounting ; the limited coompany; corporate governance

1 2

(p35-62) 15

(p747-752)

D1.7; 1.15;1.16; 1.29;2.6;2.23;2.33

2 24 July 2014 Balance sheet, and Income statement

3 4

D3.1;3.9;3.13;3.14; 3.17;3.29;4.4;4.6;4.1; 4.19;4.21;4.23;4.24 E3.9;3.15;4.9;4.20;

3

31 July 2014 Statement of cash flows

5 (p226-248) (p260-261)

D5.3;5.6;5.19;5.23; E5.19

4

7 August 2014 Analysis and interpretation of financial reports

6

D6.7;6.8;6.11;6.33; E6.2;6.3;6.11;6.18; C6.2

Assignment 1 (15%) Due 7 August

5

14 August 2014

Corporate Social Responsibility and Sustainability Reporting

15 (p753-770)

D15.2;15.5;15.7; 15.12;15.14;15.16; 15.17 C15.2;15.3

6

21 August 2014

No Workshop

7

28 August 2014

No Workshop

Assignment 2 (20%) Due 28 August

Mid-semester break: Monday 1 – Friday 5 September

8

11 September 2014

Budgeting

9 D9.13;9.14;9.18; 9.31;9.38 E9.5;9.6;9.9(a); 9.13

9

18 September 2014

Cost-volume-profit analysis and full costing

7 (p358-370) (p382-387)

8

D7.1;7.2;7.5;7.6; 7.10;7.11;8.7;8.8; 8.16;8.20;8.30; E7.2;7.12;7.19; 8.9;8.20

Assignment 3 (15%) Due 18 September

10

25 September 2014

Capital investment decisions Managing working capital

11 13

D11.5;11.8;11.9; 11.14;11.23;13.3; 13.14 E11.8;11.11;11.14; 11.17;13.9;13.11

11

2 October 2014

Financing the business

14

D14.4;14.5;14.10; 14.12;14.25 E14.7

12

9 October 2014

No Workshop

13

16 October 2014

Unit Review

Examination Period: 25 October to 11 November 2014