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*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A

KING’S OWN INSTITUTE* Success in Higher Education

ACC701 FINANCIAL ACCOUNTING T218 All information contained within this Subject Outline applies to all students enrolled in the trimester as indicated.

1. General Information 1.1 Administrative Details

Associated HE Award(s) Duration Level Subject Coordinator

Graduate Diploma of Business Master of Accounting Master of Professional Accounting

1 trimester Postgraduate Patricia Vakafua patricia.vakafua@koi.edu.au P: 92833583 (Ext.156) L: Level 1, 545 Kent St. Consultation: via Moodle or by appointment

1.2 Core/Elective This is a core subject for the Master of Accounting and the Master of Professional Accounting and elective subject for the Graduate Diploma of Business. 1.3 Subject Weighting

Indicated below is the weighting of this subject and the total course points.

Subject Credit Points Total Course Credit Points

4 GDBus 32; 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, completing assignments, etc. *** Combination of timetable hours and personal study. 1.5 Mode of Delivery On-campus

1.6 Pre-requisites ACC700 Principles of Accounting 1.7 General Study and Resource Requirements

o Students are expected to attend classes with the weekly worksheets and subject support material

provided in Moodle. Students should read this material before coming to class to improve their ability to

participate in the weekly activities.

o Students will require access to the internet and their KOI email and should have basic skills in word

processing software such as MS Word, spreadsheet software such as MS Excel and visual

presentation software such as MS PowerPoint.

o Computers are available for student use in the Library. However these are in demand at peak times

and tutorial classes may 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.

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2. Academic Details 2.1 Overview of the Subject This course introduces students to special topics relating to Australian financial reporting with an emphasis on recognition and measurement of assets and liabilities. It comprehensively covers a number of Australian-International Financial Reporting Standards relevant to reporting problems in particular areas (such as cash flows and revenue), and with reference to particular types of assets and liabilities (such as intangible assets, share-based payments, leases and complex financial instruments). In addition, the expanded disclosure is reviewed along with various proposals for strengthening external financial reporting. These standards are issued by the Australian Accounting Standards Board (AASB). The principal accounting standards to be covered are:

Australian Standard IFRS designation Subject of standard AASB 2 IFRS 2 Share-based payment AASB 7 IFRS 7 Financial Instruments: Disclosure AASB 9 IFRS 9 Financial Instruments AASB 15 IFRS 15 Revenue AASB 16 IFRS 16 Leases AASB 107 IAS 7 Statement of Cash Flows AASB 119 IAS 19 Employee Benefits AASB 132 IAS 32 Financial Instruments: Presentation AASB 133 IAS 33 Earnings Per Share AASB 136 IAS 36 Impairment of Assets AASB 138 IAS 38 Intangible Assets 2.2 Graduate attributes for postgraduate courses

Graduates of Postgraduate courses from King’s Own Institute will gain the graduate attributes expected from successful completion of a Master’s degree under the Australian Qualifications Framework (2

nd

edition, January 2013). Graduates at this level will be able to apply an advanced body of knowledge in a range of contexts for professional practice or scholarship and as a pathway for further learning. King’s Own Institute’s key generic graduate attributes for a master’s level degree are summarised below:

KOI Master’s Degree Graduate Attributes

Detailed Description

Knowledge

Current, comprehensive and coherent knowledge, including recent developments and applied research methods

Critical Thinking

Critical thinking skills 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

Cognitive 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 in professional practice

Ethical and Cultural Sensitivity

Appreciation and accountability for ethical principles, cultural sensitivity and social responsibility, both personally and professionally

Leadership and Strategy

Initiative, leadership skills and ability to work professionally and collaboratively to achieve team objectives across a range of team roles Expertise in strategic thinking, developing and implementing business plans and decision making under uncertainty

Professional Skills

High level personal autonomy, judgement, decision-making and accountability required to begin professional practice

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Across the course, these skills are developed progressively at three levels:

o Level 1 Foundation – Students learn the skills, theories and techniques of the subject and apply them in stand-alone contexts

o Level 2 Intermediate – Students further develop skills, theories and techniques of the subject and apply them in more complex contexts, beginning to integrate the application with other subjects.

o Level 3 Advanced – Students have a demonstrated ability to plan, research and apply the skills, theories and techniques of the subject in complex situations, integrating the subject content with a range of other subject disciplines within the context of the course.

2.3 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) Explain and apply the concepts and regulations relating to financial accounting in accounting settings

b) Articulate measurement issues related to the covered topics; and locate and implement the disclosure requirements related to the covered topics.

c) Identify and solve financial accounting problems by applying analytical and problem solving techniques

d) Demonstrate technical competence in the relevant complex areas of accounting where measurement and recognition judgements need to be made.

2.4 Subject Content and Structure Below are details of the subject content and how it is structured, including specific topics covered in lectures and tutorials. Reading refers to the text unless otherwise indicated. Weekly Planner:

Week (beginning)

Topic Covered in Each Week’s Lecture

Reading(s) Expected Work

1 09 Jul

Accounting regulation and the Conceptual Framework

Loftus: Ch. 1

Tutorial exercises as listed in Moodle

2 16 Jul

Statement of cash flows

Loftus: Ch. 17 AASB 107

Tutorial exercises

3 23 Jul

Revenue Loftus: Ch. 15 AASB 15

Tutorial exercises

4 30 Jul

Intangible assets

Loftus: Ch. 6 AAS8 138

Tutorial exercises

5 6 Aug

Employee benefits

Loftus: Ch. 9 AASB 119

Tutorial exercises

6 13 Aug

Mid-trimester test Assignment review Mid-trimester test

19 Aug 2018

– 26 Aug 2018

Mid Trimester Break

7 27 Aug

Share-based payment Loftus: Ch 8 & 9

Tutorial exercises

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8 03 Sep

Leases Loftus: Ch. 14 AASB 2

Tutorial exercises

9 10 Sep

Financial instruments Part I Loftus: Ch. 10 AASB 16

Case Study due Deferred Mid Trimester Exams for all subjects - see Section 2.6 below for more information

10 17 Sep

Financial instruments Part II

Loftus: Ch. 11 (pp. 401-415) AASB 7, 9, 132

Tutorial exercises

11 24 Sep

Earnings per share

Loftus: Ch. 11 (pp. 416-454) AASB 7, 9, 132

Tutorial exercises

12 01 Oct

Revision lecture Revision exercises

13 08 Oct

Study Review Week

14 15 Oct

Final Exam Week Please see exam timetable for exam date, time and location

15 22 Oct

Student Vacation begins Enrolments for T318 open

16 29 Oct

Results Released 30 Oct 2018 Certification of Grades 02 Nov 2018

T318 begins 05 Nov 2018

1 05 Nov

Week 1 of classes for T318 Friday 02 Nov 2018 – Review of Grade Day for T218 – see Sections 2.6 and 3.6 below for more information.

2.5 Public Holiday Amendments Please note: KOI is closed on all scheduled NSW Public Holidays. T218 has one (1) public holiday (Labour Day) that occurs during classes this trimester. Classes scheduled for this public holiday (Calendar Class Dates) will be rescheduled as per the table below. This applies to ALL subjects taught in T218. 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 T218 enrolment. Classes will be conducted at the same time and in the same location as your normally scheduled class except these classes will be held on the date shown below.

Calendar Class Date Rescheduled Class Date

Monday 01 October 2018 (Week 12) Monday 08 October 2018 (Week 13) (Study Review Week)

2.6 Review of Grade, Deferred Exams & Supplementary Exams/Assessments Review of Grade: There may be instances when you believe that your final grade in a subject does not accurately reflect your performance against the subject criteria. Section 8 of the Assessment and Assessment Appeals Policy (www.koi.edu.au) describes the grounds on which you may apply for a Review of Grade.

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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 the following sections of this subject outline - Supplementary Assessments, 3.6 Appeals Process as well as the Assessment and Assessment Appeals Policy. Please ensure you read the Review of Grade information before submitting an application. Review of Grade Day: KOI will hold the Review of Grade Day for all subjects studied in T218 on

Friday 02 November 2018

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 3.6 below and Assessment and Assessment Appeals Policy). If you do not attend the Review of Grade Day you are considered to have accepted your results for T218. Deferred Exams: The information in this section applies to final exams. If you miss a mid-trimester exam, you should consult your subject coordinator. If you wish to apply for a make-up exam, you should submit an Application for Assignment of Extension or Deferred Exam Form before the prescribed deadline. If you miss your 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). In assessing your request for a deferred exam, KOI will take into account the information you provide, the severity of the event or circumstance, your performance on other items of assessment in the subject and your history of previous applications for special consideration. Deferred exams will be held on two days during week 1 or 2 in the next trimester. Because the period is short, you will be allowed to attempt at most two deferred exams. 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 offered a deferred exam, but do not attend you will be awarded 0 marks for the exam. This may mean it becomes 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. Please ensure that you are available to take the exam at this time. Marks awarded for the deferred exam will be the marks awarded for that item of assessment towards your final mark in the subject. Supplementary Assessments (Exams and Assessments): A supplementary assessment may be offered to students to provide a final opportunity to demonstrate successful achievement of the learning outcomes of a subject. Supplementary assessments are only offered at the discretion of the Board of Examiners. In considering whether or not to offer a supplementary assessment, KOI will take into account your performance on all the major assessment items in the subject, your attendance, participation and your history of any pervious special considerations.

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Students are eligible for a supplementary assessment for their final subject in a course where they fail the subject but have successfully completed all other subjects in the course. You must have completed all major assessment tasks for the subject and obtained a passing mark on at least one of the major assessment tasks to be eligible for a supplementary assessment. If you believe you meet the criteria for a supplementary assessment for the final subject in your course, but have not received an offer, complete the “Compliant, Grievance, Appeal Form” and send your form to reception@koi.edu.au. The deadline for applying for supplementary assessment is the Friday of the first week of classes in the next trimester. 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 during week 1 or week 2 of the next trimester. 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: o are offered a supplementary assessment, but fail it; o are offered a supplementary exam, but do not attend; or o are offered a supplementary assessment but do not submit by the due date; you will receive a FAIL grade for the subject. 2.7 Teaching Methods/Strategies Briefly described below are the teaching methods/strategies used in this subject:

o On-campus 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.

o 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 above). It is intended that specific tutorial material such as case studies, recommended readings, review questions etc. will be made available each week in Moodle.

o 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

o Other contact - academic staff may also contact students either via Moodle messaging, or via email to the email address provided to KOI on enrolment.

2.8 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

Mid trimester test Week 6 20% a, b, c, d,

Case study Week 9 30% c, d

Final examination (3 hours)

Final Exam Week 50% a, b, c, d,

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.

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2.9 Prescribed and Recommended Readings

Provided below, in formal reference format, is a list of the prescribed and recommended readings.

Prescribed Text: Loftus, J, Luke, B, Leo, KJ, Boys, N, Daniliuc, S, Hong, A, & Byrnes, K 2018, Financial Reporting, 2

nd ed., Wiley, Melbourne. ProQuest Ebook Central.

Australian Accounting Standards: Australian Accounting Standards are available for viewing or downloading from the AASB's homepage (http://www.aasb.gov.au/). Note that new accounting standards took effect on 1 January 2005. References to standards in this course will be based on newly released standards, hence most references dated prior to 2005 may have been superseded. Students should ensure that they are using appropriate reference materials. These standards are also available in the most recent editions of the Accounting Handbook (CPA Australia) or the Financial Reporting Handbook (NZICA). Recommended Readings: Deegan, C., 2016. Financial Accounting. 8

th ed. Australia: McGraw-Hill.

Elliott, B., and Elliott, J., 2013. Financial Accounting and Reporting. 16

th ed. Australia: Pearson.

Goodwin, J., Ahmed, K. and Heaney, R., 2008. The effects of International Financial Reporting Standards on the accounts and accounting quality of Australian firms: A retrospective study. Journal of Contemporary Accounting & Economics, 4(2), pp.89-119. Henderson, S., Peirson, G., and Herbohn, K., 2013. Issues in Financial Accounting. 15

th ed. Australia:

Pearson. Hoggett, J., Edwards, L., Medlin, J., Chalmers, K., Hellman, A., Beattie, C., and Maxfield, J., 2018. Accounting. 10

th ed. Queensland: John Wiley and Sons Australia, Ltd.

Messier, Jr, W.F. and Schmidt, M., 2017. Offsetting Misstatements: The Effect of Misstatement Distribution, Quantitative Materiality and Client Pressure on Auditors' Judgments. The Accounting Review. Shying, M., and Subramanian, R., 2013. CPA Accounting Handbook 2013. New South Wales: Pearson. Wild, J., Subramanyam, K., and Halsey, R., 2013. Financial Statement Analysis. 11

th ed. Australia:

McGraw Hill. Periodicals Available: o The Financial Review (Australia) o Accounting and Finance o Accounting, Auditing & Accountability Journal o Accounting Research Journal o Acuity o Australasian Accounting, Business and Finance Journal o Australian Journal of Accounting Education o Australian Journal of Management o In The Black o Journal of Accounting and Economics o Journal of Applied Research in Accounting and Finance 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

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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. The following websites may be useful in interpreting the International AASB Standards: o Australian Accounting Standards Board www.aasb.gov.au/ o CPA Australia www.cpaaustralia.com.au o Chartered Accountants Australia and New Zealand www.charteredaccountants.com.au/ o Institute of Public Accountants www.publicaccountants.org.au/ o Proactive Accountants Network http://proactiveaccountants.net/

3. Assessment Details 3.1 Details of Each Assessment Item The assessments for this subject are described below. The description includes the type of assessment, its purpose, weighting, due date and submission requirements, the topic of the assessment, details of the task and detailed marking criteria, including a marking rubric for essays, reports and presentations. Supplementary assessment information and assistance can be found in Moodle. KOI expects students to submit their own original work in both assignments and exams, or the original work of their group in the case of group assignments. Assessment 1 Assessment Type: Mid trimester test – Individual Assessment – closed book. Purpose: This assessment is designed to reinforce subject content taught during the trimester. This contributes to Learning Outcomes a, b, c, d. Value: 20% Due Date: Week 6 Topic: Weeks 1 to 5 subject content. Task Details: The mid trimester test will be 90 minutes duration, held in Lecture class in week 6. This is a closed book exam. Students are expected to bring a non-programmable calculator and writing pens to the test. No other materials will be permitted. Assessment 2 Assessment Type: Case study report – theory and calculations – individual assessment Purpose: To allow students to apply the technical knowledge of relevant accounting standards to financial reporting settings. This assessment relates to learning outcomes c, d. Value: 30% Due Date: Week 9 - 8:00 pm Wednesday of Week 9 Submission: Submission must be made to the Moodle Assignment Link on the KOI Moodle Subject Home Page by 8.00 pm Wednesday of Week 9. A printed copy must be submitted to the Lecturer at the Week 9 Lecture to assist with marking. All assignments must have a signed KOI Assignment Coversheet included with the submission. Topic: Application of accounting standards – the specific topic will be advised in week 4, in class and via Moodle. Task Details: Based on the information provided and using knowledge in relevant accounting standards, students need to analyse how they apply to the given situation. Specific research supporting recommendations need to be provided.

Research requirements: Students need to support their analysis with reference to relevant material from the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources – this should include at least 2 peer-reviewed academic journal articles.

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Presentation: 2000 + 10% word short report format. 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 11 pt or Arial 10 pt. Marking Guide: Analysis 30% Research – extent and application 30% Recommendations/conclusions 20% Presentation 20% Total mark will be scaled to a mark out of 30 subject marks.

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Marking Rubric for ACC701 Financial Accounting Assessment 2

Criteria Fail

(0 – 49%) Pass

(50 – 64%) Credit

(65 – 74%) Distinction (75 – 84%)

High Distinction (85 – 100%)

Interpretation and Representation

Does not provide explanations of information presented in mathematical form. Does not make appropriate inferences based on that information. Does not convert relevant information into an insightful mathematical portrayal.

Provides somewhat accurate explanations of information presented in mathematical forms, but occasionally makes minor errors related to computations or units. Makes some inferences based on that information. Completes conversion of information but resulting mathematical portrayal is only partially appropriate or accurate.

Provides mostly accurate explanations of information presented in mathematical form. Makes mostly appropriate inferences based on that information. Converts relevant information into an insightful mathematical portrayal in a way that contains minimal inaccuracies

Provides accurate explanations of information presented in mathematical form. Makes appropriate inferences based on that information. Competently converts relevant information into an insightful mathematical portrayal in a way that contributes to a further and deeper understanding.

Provides accurate explanations of information presented in mathematical form. Makes skilful inferences based on that information. Skilfully converts relevant information into an insightful mathematical portrayal in a way that contributes to a further or deeper understanding.

Calculations Does not perform accurate calculations. Formulae and workings either not provided or incomplete. Many errors.

Performs calculations which solve the basic and/or most obvious problem(s). Main formulae and workings only provided. Some errors.

Performs mostly accurate calculations which are sufficiently comprehensive to solve most (of the) problem(s). Most formulae and workings provided - some gaps. Minor errors

Performs mostly accurate calculations which are sufficiently comprehensive to solve the problem(s). Most/all formulae and workings provided - minimal gaps. Minimal errors

Performs accurate calculations which are sufficiently comprehensive to solve the problem(s). All formulae and workings provided. No errors

Analysis Does not use correct and complete quantitative analysis. Does not make relevant and correct conclusions.

Uses basic analysis but uses the quantitative analysis as the basis for tentative, basic judgments, is hesitant or uncertain about drawing conclusions from this work.

Uses mostly correct and complete quantitative analysis. Makes mostly relevant and correct conclusions.

Uses correct and complete quantitative analysis. Makes mostly relevant and correct conclusions.

Uses correct and complete quantitative analysis. Makes sophisticated, relevant and correct conclusions.

Assumptions Does not attempt to describe assumptions or makes incorrect assumptions. Limited, incorrect or no rationale.

Attempts to describe assumptions and provides limited rationale to explain why each assumption is appropriate. Some errors in assumptions or assumptions overlooked

Describes assumptions and provides rationale to explain each assumption. Some elements incomplete or semi-accurate assumptions.

Explicitly describes assumptions and provides strong rationale to explain assumptions. Minimal errors in logic.

Explicitly describes assumptions and provides comprehensive, compelling and justified rationale to explain assumptions. No errors in logic.

Communication Communicates ineffectively. Words do not reflect the problem. May include diagrams which completely misrepresent the problem situation. May not include important supporting diagrams.

Has some satisfactory elements but may fail to complete or may omit significant parts of the problem. Explanation or description may be missing or difficult to follow in places. Includes most but not all important diagram(s) or diagram(s) may be unclear and difficult to interpret.

Makes significant progress towards completion of the problem, but the explanation or description may be somewhat ambiguous or unclear. May include flawed or unclear diagram(s), or insufficient diagrams.

Gives a fairly complete response with reasonably clear explanations or descriptions. Includes nearly all complete, appropriate diagram(s). Generally communicates effectively to the identified audience. Presents supporting arguments which are logically sound but may contain some minor gaps.

Gives a complete response with a clear, unambiguous explanation and/or description. Includes all appropriate and complete diagram(s). Communicates effectively to the identified audience. Presents strong supporting arguments which are logically sound and complete.

Total mark out of 100

Comments:

Assessment mark _____ / _____

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Assessment 3

Assessment Type: Final Exam – individual assessment. 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 the subject’s 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, c and d.

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 final exam will require students to explain and apply the subject content to practical situations as would be found in a modern accountancy practice, identifying issues, drawing conclusions, and making recommendations.

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: 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 3.3 Applying for an Extension

(below).

o Missing a class test will result in 0 marks for that assessment element unless the above applies.

Written Assessments o 5% of the total available marks per calendar day unless an extension is approved (see Section 3.3

below)

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).

Mid-Trimester Tests and Final Exams

o If students are unable to attend mid-trimester tests or final exams due to illness or some other event

(acceptable to KOI), they must:

Advise KOI in writing (email: academic@koi.edu.au) as soon as possible, but no later than

three (3) working days after the exam date, that they will be / were absent and the reasons.

They will be advised in writing (return email) as to whether the circumstances are acceptable.

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

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Reception Desk (Market St and Kent St), as soon as possible and email with attachments to

academic@koi.edu.au.

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.

Agree to attend the deferred exam as set by KOI.

Deferred exam

o There will only be one deferred exam offered.

o Marks awarded for the deferred exam will be the marks awarded for that assessment.

o 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.

3.3 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 and Kent 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 academic@koi.edu.au. Students and lecturers / tutors will be advised of the outcome of the extension request as soon as 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. 3.4 Referencing and Plagiarism 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. A Referencing Guide, “Harvard Referencing”, and a Referencing Tutorial can be found on 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. Authorship is also an issue under plagiarism – KOI expects students to submit their own original work in both assessment and exams, or the original work of their group in the case of a group project. All students agree to a statement of authorship when submitting assessments online via Moodle, stating that the work submitted is their own original work. The following are examples of academic misconduct and can attract severe penalties: o Handing in work created by someone else (without acknowledgement), 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.

o Copying / cheating in tests and exams is academic misconduct. Such incidents will be treated just as seriously as other forms of plagiarism.

o Students who willingly allow another student to copy their work in any assessment may be considered to assisting in copying/cheating, and similar penalties may be applied.

Where a subject coordinator considers that a student might have engaged in academic misconduct, KOI may require the student to undertake an additional oral exam as a part of the assessment for the subject, as a way of testing the student’s understanding of their work.

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Further information can be found on the KOI website. 3.5 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 subject, 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: o provision of an oral assessment, rather than a written assessment o provision of extra time o use of adaptive technology. The focus of the adjusted assessment should be on enabling the participants to demonstrate that they have achieved the subject purpose, rather than on the method used. 3.6 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. 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: o 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.

o 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 and Kent St).

o 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.

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/Assessment Form (available from the KOI Website under Policies and Forms and from KOI Reception, Market St and Kent 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.