Course coordinator
Mrs Debbie Jeffery
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 the ability to analyse and record accounting transactions, leading to the preparation of financial statements (income statement, balance sheet, and cash flow statements). Students are introduced to the analysis and interpretation of financial statements, where they are required to calculate and interpret key financial ratios, in order to gain insight into key aspects of, and make recommendations about, an entity's performance. Students are also introduced to the use of accounting software.
Course requirements
Assumed background
ACCT1110 operates under the assumption that students do not have a background in acccounting orﾠprior accounting knowledge.
Incompatible
You can't enrol in this course if you've already completed the following:
(ACCT1101 and ACCT2101) or ACCT2111 or 2112 or 7101 or 7804
Restrictions
This course is restricted to students enrolled in the BCom or BCom dual programs
Course contact
Course staff
Lecturer
Mrs Debbie Jeffery
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 aimsﾠto provide students with the skills to prepare, understand and analyse financial reports (assuming no prior knowledge of accounting).ﾠ To ensure that this outcome is realised, accounting software and financial statements are used extensively in the classroom to illustrate and extend each topic.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Understand the role and purpose of financial accounting within organizations and markets.
LO2.
Analyse and record business transactions.
LO3.
Prepare financial statements.
LO4.
Analyse and interpret financial statements.
LO5.
Appreciate the need for regulation, corporate governance and ethical considerations in preparing financial accounting information.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Tutorial/ Problem Set | Individual Assignment | 15% Topics 1 and 2 |
15/08/2024 1:00 pm |
| Examination |
In-Semester Exam
|
35% Topics 3-6 |
In-semester Saturday 31/08/2024 - 14/09/2024 |
| Examination |
Final Exam
|
50% Topics 7-11; Invigilated |
End of Semester Exam Period 2/11/2024 - 16/11/2024 |
Assessment details
Individual Assignment
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 15% Topics 1 and 2
- Due date
15/08/2024 1:00 pm
- Learning outcomes
- L01, L02, L03, L04
Task description
- This assignment is an individual assignment based on topics 1 and 2.
- It consists of practical accounting questions that provide an exercise in recording a variety of business transactions common to businesses.
- It is a take home assignment that will be released in Week 2 and is to be submitted via Turnitin.
- Further information will be available on Blackboard in Week 2.
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
via Turnitin on Blackboard
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.
In-Semester Exam
- Identity Verified
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 35% Topics 3-6
- Due date
In-semester Saturday
31/08/2024 - 14/09/2024
- Learning outcomes
- L01, L02, L03, L04
Task description
- This exam is a closed book, invigilated exam.
- It will be based on topics 3-6.
- The exam will consist of multiple choice questions and practical problem solving questions.
- In preparation for the exam, you should review all the relevant online workbooks, textbook chapters, lecture and tutorial materials.
- The in-semester exam takes place during the Saturday in-semester exam period and will be held on Saturday 23 March, 13 April or 20 April. The exam date will be confirmed when the in-semester exam timetable is released.
AI Statement:
Any issues regarding the administration, timetabling and non-attendance of examinations must be directed to the University of Queensland Examinations Section. These issues are not the responsibility of the Course Coordinator. If you are unable to sit your exam, you must apply for a deferred exam, see section 5.4.
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 | 60 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.
Final Exam
- Identity Verified
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 50% Topics 7-11; Invigilated
- Due date
End of Semester Exam Period
2/11/2024 - 16/11/2024
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
This exam is a closed book, invigilated exam as required by UQ and Professional Accounting organisations.
- The final exam covers Topics 7-11.
- Your understanding of Topics 1-6 will be regarded as assumed knowledge in this assessment.
- The exam will consist of short answer and practical problem solving questions.
- In preparation for the exam, you should review all the relevant online workbooks, textbook chapters, lecture and tutorial materials.
- The exam will be held during the official end of semester examination period.
AI Statement:
Any issues regarding the administration, timetabling and non-attendance at final examinations must be directed to the University of Queensland Examinations Section. These issues are not the responsibility of the Course Coordinator.
If you are unable to sit your final exam, you must apply for a deferred exam, see section 5.4.
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.
Additional learning resources information
Sustainable Development Goals
This course integrates the following Sustainable Development Goals through lectures and assessment.
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. Overview of Financial Accounting Learning outcomes: L01, L02, L03, L04, L05 |
Week 2 |
Lecture |
2. The Recording Process Includes introduction to accounting software usage. Learning outcomes: L01, L02, L03 |
Tutorial |
T1. Overview of Financial Accounting Learning outcomes: L01, L02, L03, L04, L05 |
|
Week 3 |
Lecture |
3. Accrual Accounting Learning outcomes: L02, L03, L04 |
Tutorial |
T2. The Recording Process Practical exercises using accounting software Xero. Learning outcomes: L01, L02, L03 |
|
Week 4 |
Tutorial |
T3. Accrual Accounting Practical exercises using accounting software Xero. Week 4 tutorials - There will be no classes on the public holiday. Students who would normally attend a Wednesday tutorial are welcome to attend other tutorial this week. Learning outcomes: L02, L03, L04 |
Lecture |
4. Income Statement 1 Learning outcomes: L02, L03, L04 |
|
Week 5 |
Tutorial |
T4. Income Statement 1 Learning outcomes: L02, L03, L04 |
Lecture |
5. Income Statement 2 Learning outcomes: L02, L03, L04 |
|
Week 6 |
Tutorial |
T5. Income Statement 2 Learning outcomes: L02, L03, L04 |
Lecture |
6. Balance Sheet 1 - Current Assets Learning outcomes: L02, L03, L04 |
|
Week 7 |
Tutorial |
T6. Balance Sheet 1 - Current Assets Learning outcomes: L02, L03, L04 |
Lecture |
7. Balance Sheet 2 - Non Current Assets Learning outcomes: L02, L03, L04 |
|
Week 8 |
General contact hours |
Self-Study No lectures or tutorials this week due to the Saturday in-semester exam. This activity may be updated depending on the scheduled date of the Saturday In-Semester Exam . Further details will be provided on Blackboard. |
Week 9 |
Tutorial |
T7. Balance Sheet 2 - Non Current Assets Learning outcomes: L02, L03, L04 |
Lecture |
8. Balance Sheet 3 - Liabilities and Equity Please note: This lecture will be pre-recorded. No on-campus leture this week. Learning outcomes: L02, L03, L04 |
|
Mid Sem break |
No student involvement (Breaks, information) |
In-Semester Break |
Week 10 |
Tutorial |
T8. Balance Sheet 3 - Liabilities and Equity Learning outcomes: L02, L03, L04 |
Lecture |
9. The Cashflow Statement 1 Learning outcomes: L02, L03, L04 |
|
Week 11 |
Tutorial |
T9. Cashflow Statement 1 Learning outcomes: L02, L03, L04 |
Lecture |
10. The Cash Flow Statement 2, Ethics & Sustainability Learning outcomes: L01, L03, L04 |
|
Week 12 |
Tutorial |
T10. The Cash Flow Statement 2, Ethics & Sustainability Learning outcomes: L01, L03, L04 |
Lecture |
11. Analysis and Interpretation of Fin. Statements Learning outcomes: L01, L04, L05 |
|
Week 13 |
Tutorial |
T11. Analysis and Interpretation of Fin. Statements Learning outcomes: L01, L04, L05 |
Lecture |
Revision Lecture Please note: This lecture will be pre-recorded. No on-campus leture this week. 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.