Chris Graham
Course overview
- Study period
- , 2024 (14/10/2024 - 27/06/2025)
- Study level
- UQ College
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 3.2
- Administrative campus
- St Lucia
- Coordinating unit
- UQ College
This course provides a conceptual foundation of the purpose of accounting, what an accounting system is and how this system provides information about business activities. In exploring major financial statements, this course provides insights into how an external stakeholder can use financial statements and other information to make decisions about a business’ performance and future value.
Accounting is a universal discipline, encompassing the successful management of financial resources of the public sector, businesses, and individuals. It is foundational to all organisations across all industries and assists in discharging accountability and financial control. While this course is directly beneficial for students aiming for careers in Accounting, Business, Economics and Management, it also provides basic accounting skills needed in a progressively complex world.ﾠ
Course requirements
Assumed background
No prior knowledge or experience in Accounting is required for entry into this course. Numeracy and digital skills will be advantageous.ﾠ
Course staff
Course convenor
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Timetables will beﾠavailableﾠto students on Edval.
Please refer to theﾠQLD government website for Public holiday information.
Aims and outcomes
This course aims to equip students with introductory knowledge and skills about accounting for decision making in a business environment. Students will apply the accounting process to prepare financial reports for problem-solving and for the effective communication of information to stakeholders.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Demonstrate understanding of the role and purpose of financial accounting information for decision making
LO2.
Collect records of business transactions to prepare financial statements
LO3.
Prepare, analyse and interpret financial reports
LO4.
Apply accounting concepts and techniques to analyse, evaluate and recommend improvement to business performance
LO5.
Explain the need for regulation and ethical considerations in preparing financial accounting information
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Quiz |
Quizzes
|
20% |
Quiz 1 Week 5 Mon - Week 5 Fri Quiz 2 Week 6 Mon - Week 6 Fri Quiz 3 Week 7 Mon - Week 7 Fri Quiz 4 Week 8 Mon - Week 8 Fri Quiz 5 Week 9 Mon - Week 9 Fri |
| Presentation, Poster |
Group Poster Presentation
|
15% |
Submission Due Friday 10pm Week 18 Fri - Week 18 Fri Presentations Week 19 Mon - Week 19 Fri |
| Examination |
Exam
|
10% |
Term 2 Exam Block |
| Paper/ Report/ Annotation | Transactions and Reporting Task | 30% |
Week 26, Fri 10:00 pm |
| Examination |
Final Exam
|
25% |
Term 3 Exam Block |
Assessment details
Quizzes
- In-person
- Mode
- Written
- Category
- Quiz
- Weight
- 20%
- Due date
Quiz 1 Week 5 Mon - Week 5 Fri
Quiz 2 Week 6 Mon - Week 6 Fri
Quiz 3 Week 7 Mon - Week 7 Fri
Quiz 4 Week 8 Mon - Week 8 Fri
Quiz 5 Week 9 Mon - Week 9 Fri
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L05
Task description
Throughout Term 1, students will complete a series of quizzes s to test their knowledge and understanding of key accounting concepts and processes. Each quiz will have a time limit of 30 minutes. The final grade for this assessment will be determined by the average grade obtained across all quizzes.
Submission guidelines
Completed during scheduled class time.
Deferral or extension
You cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Group Poster Presentation
- Team or group-based
- In-person
- Mode
- Activity/ Performance, Oral, Product/ Artefact/ Multimedia
- Category
- Presentation, Poster
- Weight
- 15%
- Due date
Submission Due Friday 10pm Week 18 Fri - Week 18 Fri
Presentations Week 19 Mon - Week 19 Fri
- Learning outcomes
- L01, L03, L04, L05
Task description
To complete this task, students will work in a group to develop a poster, based on an accounting topic and data provided by the teacher. Students will submit the finalised poster in Week 18 before presenting the poster to the class in Week 19, enabling discussion and reinforcement of course concepts.
Submission guidelines
Deferral or extension
You cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Exam
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 10%
- Due date
Term 2 Exam Block
- Other conditions
- Time limited.
- Learning outcomes
- L01, L03, L04
Task description
During the Term 2 exam week, students will be assessed on their ability to understand and apply key accounting principles and to conduct financial analysis.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 60 minutes |
| Calculator options | Casio FX82 series 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 cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Transactions and Reporting Task
- Mode
- Written
- Category
- Paper/ Report/ Annotation
- Weight
- 30%
- Due date
Week 26, Fri 10:00 pm
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
Assessment task sheet is available on the course blackboard site.
Submission guidelines
Deferral or extension
You cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Final Exam
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 25%
- Due date
Term 3 Exam Block
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
Exam questions may include multiple choice, short answer and longer responses. Students may be asked to produce accounting documentation and conduct analysis.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | Casio FX82 series 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 cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0 - |
Absence of evidence of achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 2 (Fail) | 25 - |
Minimal evidence of achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 3 (Marginal Fail) | 47 - |
Demonstrated evidence of developing achievement of course learning outcomes Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 4 (Pass) | 50 - |
Demonstrated evidence of functional achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 5 (Credit) | 65 - |
Demonstrated evidence of proficient achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 6 (Distinction) | 75 - |
Demonstrated evidence of advanced achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 7 (High Distinction) | 85 - |
Demonstrated evidence of exceptional achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
Supplementary assessment
Supplementary assessment is available for this course.
Additional assessment information
Artificial Intelligence (AI):
Assessment tasks evaluate students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI) or Machine Translation (MT). Students are advised that the use of AI or MT technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Feedback on Assessmentﾠ
In addition to the mark awarded, feedback will be provided on all assessment tasks to enable students to apply the feedback to further tasks within the course or program. The form of feedback provided is appropriate to the task weighting, timing, and context, and with reference to criteria and standards.ﾠ
Appropriate conditions for group work and collaborationﾠ
Teachers usually aim for groups of 3-4 and provide preparation for group work activities (examples can include discussions, role-playing, and identifying strengths and weaknesses) to maximise students’ learning and performance.ﾠ
Assignment submissionﾠ
Unless advised otherwise,ﾠassignments are to be submitted electronically via Blackboard. Instructions for submission are in the Assessment folder in your course Blackboard site.ﾠﾠ
Calculator policyﾠ
If a calculator is permitted for use in an examination, the calculator must comply with the University of Queensland Calculator Scheme. Where calculators are permitted for use in the examination, students are advised to ensure that the calculator complies with the type nominated by the course coordinator. Unless the type is unrestricted, the calculator must be either a Casio FX82 seriesﾠcalculator, orﾠhave an 'approved label' attached which can be obtained from the Student Centre. Please refer to theﾠmy.UQﾠwebsiteﾠfor information on the use of calculators in examinations.ﾠ
Referencing styleﾠ
All relevant material MUST be correctly referenced using theﾠAPA 7th referencing style.ﾠ
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.
Additional learning resources information
Additional resources are also available via the Blackboard course website.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
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| Learning period | Activity type | Topic |
|---|---|---|
Week 1 (14 Oct - 20 Oct) |
Workshop |
Introduction to Accounting Learning outcomes: L01, L05 |
Week 2 (21 Oct - 27 Oct) |
Workshop |
Business Structures and Accounting Standards Learning outcomes: L01, L05 |
Multiple weeks From Week 3 To Week 4 |
Workshop |
GST and Excel Learning outcomes: L01, L02 |
Multiple weeks From Week 5 To Week 10 |
Workshop |
Recording, Storing and Reporting Accounting Information Learning outcomes: L01, L02, L03 |
Week 11 (06 Jan - 12 Jan) |
Workshop |
Non-Current Assets: Sales and Depreciation Learning outcomes: L02 |
Week 12 (13 Jan - 19 Jan) |
Workshop |
Introduction to Financial Reports: Income statement Learning outcomes: L02, L03, L04 |
Week 13 (20 Jan - 26 Jan) |
Workshop |
Introduction to Financial Reports: Balance Sheet Learning outcomes: L02, L03, L04 |
Week 14 (27 Jan - 02 Feb) |
Workshop |
Introduction to Financial Reports: Cash Flow Statement Learning outcomes: L02, L03, L04 |
Multiple weeks From Week 15 To Week 16 |
Workshop |
Introduction to Financial Report Analysis Learning outcomes: L03, L04 |
Week 17 (17 Feb - 23 Feb) |
Workshop |
Assessment Learning outcomes: L02, L03, L04 |
Week 18 (24 Feb - 02 Mar) |
Workshop |
Internal Controls: Managing and Reporting Working Capital Learning outcomes: L01, L03, L04 |
Week 19 (03 Mar - 09 Mar) |
Workshop |
Assessment Learning outcomes: L02, L03, L04 |
Week 20 (10 Mar - 16 Mar) |
Workshop |
Poster Presentations Learning outcomes: L02, L03, L04 |
Multiple weeks From Week 21 To Week 24 |
Workshop |
Budgeting and Cash Management Learning outcomes: L03, L04 |
Week 25 (05 May - 11 May) |
Workshop |
Accounting for Inventories FIFO and LIFO Learning outcomes: L03, L04 |
Week 26 (12 May - 18 May) |
Workshop |
Cost Volume Profit Analysis Learning outcomes: L03, L04 |
Week 27 (19 May - 25 May) |
Workshop |
Short Term Planning Decisions (Cost and Revenue) Learning outcomes: L01, L04, L05 |
Week 28 (26 May - 01 Jun) |
Workshop |
Sustainable and Profitable Business Practices Learning outcomes: L01, L05 |
Multiple weeks From Week 29 To Week 30 |
Workshop |
Exam Preparation Learning outcomes: L01, L02, L03, 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.