Course coordinator
Dr Natalie Peng
Course overview
- Study period
- Semester 2, 2024 (22/07/2024 - 18/11/2024)
- Study level
- Undergraduate
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Business School
Introduction to the accounting environment, analysis and interpretation of financial statements and other business information for the purpose of decision making.
This course enables the student to become proficient in how accountants capture, measure and evaluate business decision-making using the techniques of accrual accounting.
Course requirements
Assumed background
Year 12 or equivalent. No prior accounting knowledge is assumed.
Incompatible
You can't enrol in this course if you've already completed the following:
ACCT1110 or 2111 or 2112 or 7107 or 7804
Restrictions
Not to be studied by BAdvBus(Hons) and BAdvFin&Econ(Hons) students
Course contact
Course staff
Lecturer
Dr Natalie Peng
Tutor
Dr Kirsty Dunbar
Mr Robert Ferguson
Mrs Helen Molina
Mr Adrian Ralston
Mr Harvey Ruan
Mr Clayton Thompson
Mr Chris Zhang
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Please note: Teaching staff doﾠnotﾠhave access to the timetabling system to help with class allocation. Therefore, should you need help with your timetable and/or allocation of classes, please ensure you emailﾠbusiness.mytimetable@uq.edu.auﾠfrom your UQ student email account with the following details:
- Full name,
- Student ID, and
- the Course Code
Aims and outcomes
This course aims to equip students from a wide variety of backgrounds and disciplines with awareness and knowledge in relevant fields of accounting essential to decision making in business.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Identify and explain accounting terms and concepts that are relevant to business decision making.
LO2.
Record and interpret business transactions and financial statements.
LO3.
Apply relevant and appropriate accounting knowledge and techniques in business problem-solving.
LO4.
Make and justify effective business operating, financing and investing decisions informed by relevant accounting information.
LO5.
Demonstrate management and cost accounting techniques, including the use of budgets, to support business decisions.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Quiz |
Six Online Check-in Quizzes
|
25% Individual |
Week 4 Fri - Revision week Fri
Quiz 1 (Topic 1 & 2): Available from 8am Monday 12 August 2024 and due at 4pm Friday 16 August 2024 Quiz 2 (Topic 3 & 4): Available from 8am Monday 26 August 2024 and due at 4pm Friday 30 August 2024 Quiz 3 (Topic 5): Available from 8am Monday 2 September 2024 and due at 4pm Friday 6 September 2024 Quiz 4 (Topic 6 & 7): Available from 8am Monday 30 September 2024 and due at 4pm Friday 4 October 2024 Quiz 5 (Topic 8 & 9): Available from 8am Monday 14 October 2024 and due at 4pm Friday 18 October 2024 Quiz 6 (Topic 10 & 11): Available from 8am Monday 28 October 2024 and due at 4pm Friday 1 November 2024 |
| Tutorial/ Problem Set |
Inspera Assignment
|
25% Individual |
13/09/2024 3:00 pm |
| Examination |
End-of-semester Examination
|
50% Individual |
End of Semester Exam Period 2/11/2024 - 16/11/2024 |
Assessment details
Six Online Check-in Quizzes
- Online
- Mode
- Written
- Category
- Quiz
- Weight
- 25% Individual
- Due date
Week 4 Fri - Revision week Fri
Quiz 1 (Topic 1 & 2): Available from 8am Monday 12 August 2024 and due at 4pm Friday 16 August 2024
Quiz 2 (Topic 3 & 4): Available from 8am Monday 26 August 2024 and due at 4pm Friday 30 August 2024
Quiz 3 (Topic 5): Available from 8am Monday 2 September 2024 and due at 4pm Friday 6 September 2024
Quiz 4 (Topic 6 & 7): Available from 8am Monday 30 September 2024 and due at 4pm Friday 4 October 2024
Quiz 5 (Topic 8 & 9): Available from 8am Monday 14 October 2024 and due at 4pm Friday 18 October 2024
Quiz 6 (Topic 10 & 11): Available from 8am Monday 28 October 2024 and due at 4pm Friday 1 November 2024
- Learning outcomes
- L01, L02, L03
Task description
Assessment Details:
- Topic assessed: Topics 1-11.
- Administration: Blackboard Test.
- 6 check-in quizzes fortnightly with the best 5 used for final result.
- Question types: 10 multiple choice questions.
- Each quiz lasts for 20 minutes, and students have from Monday 8am to Friday 4pm during the week the quiz is open to complete the quiz.
- Only ONE attempt for each quiz.
- Deferred or supplementary quiz is NOT available.
- Students must ensure their access to a laptop or desktop computer as well as stable internet connection for the duration of this assessment. Do not use a mobile device such as a mobile phone for this assessment.
AI Statement
This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
Deferral or extension
You cannot defer or apply for an extension for this assessment.
No extension or deferral is allowed for the quiz
Late submission
Exams submitted after the end of the submission time will incur a late penalty.
No late submission is allowed. The quiz will be closed automatically past the due time
Inspera Assignment
- Online
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 25% Individual
- Due date
13/09/2024 3:00 pm
- Learning outcomes
- L01, L02, L03, L04
Task description
Assessment details:
- This assessment is based on a case of a retailing business.
- Assignment materials will be released two weeks before the due date.
- Topic assessed: Topics 1-5.
- Question types: calculations, short answers and recording transactions.
- Supplementary assessment is not available for this assignment.
- Inspera cloud-based software is used to complete the ACCT1101 assignment. The individual assignment includes a non-invigilated digital assessment and students will access this using their own device. Further details, including an introduction to Inspera functionality, practice opportunities, and where to go for support, will be provided in the Blackboard site for this course in the due course.
- An optional Excel file will be provided for students to complete some of the calculation questions before entering the data into Inspera for submission and marking.
AI Statement
This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
Students are required to submit their assignments via Inspera on Blackboard. Submissions after the deadline will attract penalties.
Deferral or extension
You may be able to apply for an extension.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Late submission penalty:
First 7 periods of 24 hours (or part thereof): 10% per 24 hours of the maximum possible mark for the assessment item.
100% penalty if more than 7 periods of 24 hours
End-of-semester Examination
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 50% Individual
- Due date
End of Semester Exam Period
2/11/2024 - 16/11/2024
- Learning outcomes
- L03, L04, L05
Task description
Assessment details:
- Topic assessed: Topics 6-11; prior topics are regarded as assumed knowledge.
- Assessment duration: 120 minutes (plus 10 minutes reading time).
- Question types: calculations and short answers.
- More information regarding this assessment will be released later in the semester.
AI Statement:
This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) tools will not be permitted. Any attempted use of Generative AI may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | (In person) Casio FX82 series or UQ approved , labelled calculator only |
| Open/closed book | Closed Book examination - no written materials permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0 - 29 |
Absence of evidence of achievement of course learning outcomes. |
| 2 (Fail) | 30 - 46 |
Minimal evidence of achievement of course learning outcomes. |
| 3 (Marginal Fail) | 47 - 49 |
Demonstrated evidence of developing achievement of course learning outcomes |
| 4 (Pass) | 50 - 64 |
Demonstrated evidence of functional achievement of course learning outcomes. |
| 5 (Credit) | 65 - 74 |
Demonstrated evidence of proficient achievement of course learning outcomes. |
| 6 (Distinction) | 75 - 84 |
Demonstrated evidence of advanced achievement of course learning outcomes. |
| 7 (High Distinction) | 85 - 100 |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
Grades will be allocated according to University-wide standards of criterion-based assessment.
Supplementary assessment
Supplementary assessment is available for this course.
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Find the required and recommended resources for this course on the UQ Library website.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Week 1 |
Lecture |
Topic 1: Introduction to Accounting & Business Environment Learning outcomes: L01 |
Week 2 |
Tutorial |
Tutorial 1: Intro to Accounting & Business Environment Tutorial materials for each topic are available in the topic folder on Blackboard Learning outcomes: L01 |
Lecture |
Topic 2: Introduction to Statement of Financial Position and Recording Transactions I Learning outcomes: L01, L02 |
|
Week 3 |
Tutorial |
Tutorial 2: Introduction to Statement of Financial Position and Recording Transactions I Learning outcomes: L01, L02 |
Lecture |
Topic 3: Introduction to Statement of Profit and Loss, Cash Flow Statement and Recording Transactions II Learning outcomes: L01, L02, L03 |
|
Week 4 |
Tutorial |
Tutorial 3: Introduction to Statement of Profit and Loss, Cash Flow Statement and Recording Transactions II Royal Queensland Show Public Holiday - No tutorials Wednesday 14 August 2024 - please attend an alternative tutorial this week only. Learning outcomes: L01, L02, L03 |
Lecture |
Topic 4: Statement of Profit and Loss, Accrual Accounting and Recording Transactions III Learning outcomes: L01, L02, L03 |
|
Week 5 |
Tutorial |
Tutorial 4: Statement of Profit and Loss, Accrual Accounting and Recording Transactions III |
Lecture |
Topic 5: Analysis of Statement of Financial Position Learning outcomes: L01, L03 |
|
Week 6 |
Tutorial |
Tutorial 5: Analysis of Statement of Financial Position Learning outcomes: L01, L03 |
Lecture |
Topic 6: Statement of Cash Flows and Introduction to Financial Statement Analysis Learning outcomes: L01, L03, L04 |
|
Week 7 |
Tutorial |
Tutorial 6: Statement of Cash Flows and Introduction to Financial Statement Analysis Learning outcomes: L01, L03, L04 |
Lecture |
Industry Guest Lecture and Assignment Workshop Assignment workshop held during lecture time. |
|
Week 8 |
Tutorial |
Assignment Q&A Assignment in-person consultations held during tutorial time. |
Lecture |
Topic 7: Financial Statement Analysis I Learning outcomes: L04 |
|
Week 9 |
Tutorial |
Tutorial 7: Financial Statement Analysis I Learning outcomes: L04 |
Lecture |
Topic 8: Financial Statement Analysis II Learning outcomes: L04 |
|
Mid Sem break |
No student involvement (Breaks, information) |
In-Semester Break |
Week 10 |
Tutorial |
Tutorial 8: Financial Statement Analysis II King's Birthday Public Holiday - No Tutorials Monday 7 October - please attend an alternative tutorial this week only. Learning outcomes: L04 |
Lecture |
Topic 9: Budgeting Learning outcomes: L04 |
|
Week 11 |
Tutorial |
Tutorial 9: Budgeting King's Birthday Public Holiday - No Tutorials Monday 7 October - please attend an alternative tutorial this week only. Learning outcomes: L04 |
Lecture |
Topic 10: Cost Accounting and Pricing Learning outcomes: L01, L05 |
|
Week 12 |
Tutorial |
Tutorial 10: Cost Accounting and Pricing Learning outcomes: L01, L05 |
Lecture |
Topic 11: Performance Measurement and Sustainability Learning outcomes: L05 |
|
Week 13 |
Tutorial |
Tutorial 11: Performance Measurement and Sustainability Learning outcomes: L05 |
Lecture |
Review Lecture Review of topics assessed in the final exam Learning outcomes: L01, L04, L05 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.