Course coordinator
Dr Matthew Peters
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
This course provides students with an introduction to the building blocks of management accounting in the areas of costing, planning and control. It provides students with the ability to analyse different cost behaviours across different organisation types, leading to undertaking cost-volume-profit analysis, job costing, the preparation of budgets, the preparation of budgeted financial statements and sensitivity analysis. Coverage of these management tools allows students to assess the performance evaluation of managers including the design of any managerial incentives to encourage appropriate behaviours of managers, and any ethical dilemmas managers may face.
Management and cost accounting information are used in planning, control, and decision-making. This course introduces:
- Cost behaviour and approaches to costing
- Budgeting
- Variance analysis and control
- Performance measurement
- Strategy and sustainability balanced scorecards
- Ethics
Course requirements
Assumed background
Students must have previosuly undertaken Financial Reporting and Analysis ACCT1110 (or equivalent course) to be familiar with accounting (including journal entries, T-accounts, and closing entries) and financial statements (income statement, balance sheet, and cash flow statement).
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ACCT1110
Course contact
Course staff
Lecturer
Dr Matthew Peters
Tutor
Mr Clayton Thompson
Mr Robert Ferguson
Mr Chris Zhang
Ms Binhui Hu
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Two-hour Lectures plus Two-hour Tutorials
The two-hour lecture generally comprise lectures interspersed with Interactive Excel Activities.
- Students must bring a laptop computer (which can be borrowed from UQ if needed).
- PowerPoint slides for each lecture are on Blackboard and provide a framework for the material and highlight the areas of importance.
The two-hour tutorials start in the second teaching week.
- The format trails by-one-week, for example, Topic 1 in the Lecture in teaching week one is the topic covered in the Tutorial in teaching week two.
- Students must bring a laptop computer with Excel (which can be borrowed from UQ if needed).
Students must download from BlackBoard and print-off a copy of the In-Class Workbook.pdf. Bring it to each lecture and tutorial.
Please note: Teaching staff do not have 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 email business.mytimetable@uq.edu.au from your UQ student email account with the following details:
- Full Name
- Student ID
- Course Code
Aims and outcomes
The course aims to equip students with an understanding of management and cost accounting principles. The course has three parts:
Part one: differences between financial, management and cost accounting; cost behaviour and allocation principles
Part two: budgeting procedures - including a group assignment
Part three: variance analysis and control; performance measurement; strategy and sustainability balanced scorecards; ethics
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Understand the roles of management and cost accounting
LO2.
Apply costing processes and undertake cost-volume-profit analysis
LO3.
Work in a group to prepare and professionally communicate a draft budget
LO4.
Apply a basic understanding of performance measurement and balanced scorecards
LO5.
Critically evaluate ethics cases in management accounting
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Examination |
In-Semester Saturday Exam
|
30% |
In-semester Saturday 31/08/2024 - 14/09/2024
Centrally timetabled exam |
| Paper/ Report/ Annotation, Presentation, Product/ Design, Project |
Group Assignment
|
20% |
Week 4 Thu - Week 12 Fri |
| Examination |
Final Exam
|
50% |
End of Semester Exam Period 2/11/2024 - 16/11/2024 |
Assessment details
In-Semester Saturday Exam
- Identity Verified
- In-person
- Mode
- Activity/ Performance
- Category
- Examination
- Weight
- 30%
- Due date
In-semester Saturday
31/08/2024 - 14/09/2024
Centrally timetabled exam
- Learning outcomes
- L01, L02
Task description
This exam is a closed book, on-campus exam.
- The date and time will be advised by UQ Exams.
- Topics 1 - 5 will be included.
- There will be a mixture of multiple-choice questions and calculative problems.
- Practice exams and solutions will be available and students are strongly encouraged to use these materials.
AI Statement
This assessment task is to be completed in-person with pen(cil)s and UQ approved calculator. 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 | 90 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.
Group Assignment
- Team or group-based
- In-person
- Mode
- Oral, Product/ Artefact/ Multimedia, Written
- Category
- Paper/ Report/ Annotation, Presentation, Product/ Design, Project
- Weight
- 20%
- Due date
Week 4 Thu - Week 12 Fri
- Other conditions
- Peer assessed.
- Learning outcomes
- L03
Task description
You will work in a group to submit a Draft Budget with an Excel model and PowerPoint presentation.
- Groups must have 4 students (no more, no less) from the same tutorial class. Students must arrange themselves into groups. If you need help joining or forming a group please contact your tutor. There will be a GoogleSheet on BlackBoard for students to arrange themselves into groups.
- A formative feedback provides time for each group to submit their draft assignment once for feedback for actioning prior to the final submission date.
- A peer assessment task must also be completed for this group assignment - each student will complete a form in which they provide their perception of the relative contribution of each of their group members (whether equal or unequal).
- Groups will make in-class presentations during tutorials.
- See Topic 7 - Group Assignment in the Course Workbook.pdf and Blackboard for information.
AI Statement:
This task has been designed to be challenging, authentic and complex. Whilst students may use AI technologies, successful completion of assessment in this course will require students to critically engage in specific contexts and tasks for which artificial intelligence will provide only limited support and guidance. A failure to reference AI use may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
See Topic 7 - Group Assignment in the in Course Workbook.pdf on Blackboard for the submission requirements.
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.
Final Exam
- Identity Verified
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 50%
- Due date
End of Semester Exam Period
2/11/2024 - 16/11/2024
- Learning outcomes
- L01, L02, L04, L05
Task description
The format will be provided on Blackboard.
- Practice final exams and solutions will be available and students are strongly encouraged to use these materials. These practice exams have the same format and level of difficulty as the Included are Topics 6, 8, 9, 10, 11, 12. All earlier other topics are relevant prerequisites.
- Only Casio FX82 or University approved calculators will be allowed.
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 | 90 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 |
1. Management and Cost Accounting Learning outcomes: L01 |
Week 2 |
Tutorial |
Management and Cost Accounting Learning outcomes: L01 |
Lecture |
2. Overhead and Job Costing Learning outcomes: L01, L02 |
|
Week 3 |
Tutorial |
Overhead and Job Costing Learning outcomes: L01, L02 |
Lecture |
3. Cost-Volume-Profit (CVP) Analysis Learning outcomes: L01, L02 |
|
Week 4 |
Tutorial |
Cost-Volume-Profit (CVP) Analysis Royal Queensland Show Public Holiday - Wednesday 14 Aug 2024. If you are affected, attend any other tutorial that week, or see the special Tutorial Recording on BlackBoard. Learning outcomes: L01, L02 |
Lecture |
4. Intro to Budgets & Responsibility Accounting Learning outcomes: L01, L02, L03 |
|
Week 5 |
Tutorial |
Introduction to Budgets & Responsibility Accounting Learning outcomes: L01, L02, L03 |
Lecture |
5. Budgets: Operating Budgets Learning outcomes: L01, L02, L03 |
|
Week 6 |
Tutorial |
Introduction to Budgets and Responsibility Accounting Learning outcomes: L01, L02, L03 |
Lecture |
6. Budgets: Financial Statements and Cash Learning outcomes: L01, L02, L03 |
|
Week 7 |
Tutorial |
Budgets: Financial Statements and Cash Learning outcomes: L01, L02, L03 |
Lecture |
7. Budgets: Group Assignment Learning outcomes: L01, L02, L03 |
|
Week 8 |
Tutorial |
Budgets: Group Assignment Learning outcomes: L01, L02, L03 |
Lecture |
8. Traditional Overhead Allocation Learning outcomes: L01, L02 |
|
Week 9 |
Tutorial |
Traditional Overhead Allocation Learning outcomes: L01, L02 |
Lecture |
9. Variance Analysis Learning outcomes: L01, L02 |
|
Mid Sem break |
No student involvement (Breaks, information) |
In-Semester break |
Week 10 |
Tutorial |
Variance Analysis Learning outcomes: L01, L02 |
Lecture |
10. Performance Measurement and Compensation Learning outcomes: L01, L04 |
|
Week 11 |
Tutorial |
Performance Measurement & Compensation King's Birthday Public Holiday - Monday 7 Oct 2024. If you are affected, attend any other tutorial that week, or see the special Tutorial Recording on BlackBoard. Learning outcomes: L01, L04 |
Lecture |
11. Strategy, Balanced Scorecard & Sustainability Learning outcomes: L01, L04 |
|
Week 12 |
Tutorial |
Group Assignment In-class Presentations Learning outcomes: L01, L04 |
Lecture |
12. Ethics in accounting Learning outcomes: L01, L05 |
|
Week 13 |
Tutorial |
Strategy, Balanced Scorecard & Sustainability Learning outcomes: L01, L04 |
Lecture |
13. Course Revision Learning outcomes: L01, L02, 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.