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 extends on the student's knowledge of management accounting gained in ACCT1102. Initially the course will revise and extend cost accounting concepts: relevant to planning, controlling and decision-making activities within organisations. The initial focus is on the cost accounting systems that managers use in their decisions about resource allocation and performance evaluation; especially within the manufacturing environment. We will extend upon job costing systems by studying more refined costing systems including departmental allocations and activity-based costing as well as process-based costing. We will then explore relevant costs for decision making for various real-world scenarios. The final part of the course revisits budgets and expands on this fundamental planning tool with variance analysis for performance evaluation and control.
This course teaches a major field of accounting, which emphasises costing concepts, systems and techniques that provide information for use in the planning, controlling, and decision-making activities of an organisation. Each of these activities is directed towards the achievement of the organisation's goals and objectives. A significant emphasis in this course is placed on developing anﾠunderstanding of the different costing systems that can be used by managers in manufacturing and service organisations to cost output, aid in the preparation of plans, and help to facilitate control of operations and activities.
ﾠ
Course requirements
Assumed background
It is assumed that students are familiar with accounting for business activities and transactions, and the financial statements (income statement, balance sheet, and cash flow statement).
Before attempting this course, students are advised that it is important to complete the appropriate prerequisite course(s), and to have the assumed prerequisite knowledge. No responsibility will be accepted by the UQ Business School, the Faculty of Business, Economics and Law or The University of Queensland for poor student performance occurring in courses where the appropriate prerequisite(s) and assumed background have not been met, for any reason whatsoever.
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ACCT1102 or 2101 or 2111 or 2112
Incompatible
You can't enrol in this course if you've already completed the following:
ACCT2113 or 2114 or 7107
Restrictions
Not to be studied by BAdvBus(Hons) and BAdvFin&Econ(Hons) students
Course contact
Course staff
Lecturer
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
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 aim of this course is to enable you to contribute to value-creation in your organisation by understanding how costs, their behaviour and their (accounting) treatment impact on management planning and control decisions and in turn, impact organisational performance.ﾠ
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Explain cost behaviour, its application to breakeven analysis and its importance in management decisions.
LO2.
Apply alternative methods of calculating the costs of products, services and other cost objects and evaluate how the method used can affect management decisions and organisational performance.
LO3.
Compare and critically evaluate actual versus planned operating performance.
LO4.
Evaluate the need for management accounting information, systems and practices to change in response to changes in the operating and business environments.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Examination |
In-Semester Exam
|
25% |
28/08/2024 8:00 am
During Lecture |
| Paper/ Report/ Annotation | Case Study | 25% |
22/10/2024 1:00 pm |
| Examination |
Invigilated Final Exam
|
50% |
End of Semester Exam Period 2/11/2024 - 16/11/2024 |
Assessment details
In-Semester Exam
- Online
- Mode
- Written
- Category
- Examination
- Weight
- 25%
- Due date
28/08/2024 8:00 am
During Lecture
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03
Task description
Further details about the exam:
Held online with the Blackboard Test Tool, during Lecture Time.
- 90 minute exam.
- Will cover Week 1 to Week 4 (i.e., Job Costing through to and including Process Costing).
- Will consist of a combination of multiple choice, short answer and practical/problem solving questions.
- Once marked, results will be posted on the MyGrades link via the course Blackboard site.
- If you are unable to sit your exam, you must apply for a deferral.
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.
Exam details
| Planning time | no planning time minutes |
|---|---|
| Duration | 90 minutes |
| Calculator options | Any calculator permitted |
| Open/closed book | Open Book examination |
| Exam platform | Learn.UQ |
| Invigilation | Not invigilated |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Late submission
Exams submitted after the end of the submission time will incur a late penalty.
Case Study
- Mode
- Written
- Category
- Paper/ Report/ Annotation
- Weight
- 25%
- Due date
22/10/2024 1:00 pm
- Learning outcomes
- L01, L02, L03, L04
Task description
Cases help increase your learning of the topic areas concerned by requiring the application of course material to real business organisations.
Students are required to submit a single pdf of their case study.
Further details will accompany the case study when released.
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.
To pass this assessment, students will be required to demonstrate detailed comprehension of their written submission independent of AI tools.
Submission guidelines
Submission is through Blackboard and/or Turnitin.
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.
Invigilated 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
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04
Task description
This exam is a closed book, invigilated exam as required by UQ and Professional Accounting organisations.
The exam is an on-campus, paper-based exam invigilated by UQ appointed invigilators.
Further details about the exam:
- The final exam will cover Week 5 to Week 12 (i.e., Cost Behaviour and CVP Analysis through to and including Overhead Variances)
- The final exam will consist of a combination of multiple choice, short answer and practical/problem solving questions.
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 |
Job Costing Learning outcomes: L01, L02, L03, L04 |
Week 2 |
Lecture |
Job Costing Systems Refinement Learning outcomes: L01, L02, L03, L04 |
Tutorial |
Job Costing Learning outcomes: L01, L02, L04 |
|
Week 3 |
Lecture |
Activity Based Costing and Management Learning outcomes: L01, L02, L03, L04 |
Tutorial |
Job Cost Systems Refinement Learning outcomes: L01, L02, L03, L04 |
|
Week 4 |
Lecture |
Process costing No class because of EKKA Show Holiday - Lecture will be pre-recorded. Learning outcomes: L01, L02, L03, L04 |
Tutorial |
Activity-Based Costing (ABC) EKKA Show Holiday - Wednesday tutorials should attend an alternate tutorial for this week only. Learning outcomes: L01, L02, L03, L04 |
|
Week 5 |
Lecture |
Cost Behaviour and CVP Analysis Learning outcomes: L01, L02, L03 |
Tutorial |
Process Costing Learning outcomes: L01, L02, L03, L04 |
|
Week 6 |
Lecture |
In-Semester Exam During Class |
No student involvement (Breaks, information) |
No tutorial this week |
|
Week 7 |
Lecture |
Data Analytic Thinking and Prediction Learning outcomes: L01, L02, L03 |
Tutorial |
Cost Behaviour and CVP Analysis Learning outcomes: L01, L02, L03 |
|
Week 8 |
Lecture |
Decision Making and Relevant Info (Pt 1) Learning outcomes: L01, L02, L03 |
Tutorial |
Data Analytic Thinking & Prediction Learning outcomes: L01, L02, L03 |
|
Week 9 |
Lecture |
Decision Making and Relevant Info (Pt 2) Learning outcomes: L01, L02, L04 |
Tutorial |
Decision Making and Relevant Info I Learning outcomes: L01, L02, L04 |
|
Mid Sem break |
No student involvement (Breaks, information) |
In-Semester Break |
Week 10 |
Lecture |
Capital Budgeting and Cost Analysis Learning outcomes: L01, L02, L03, L04 |
Tutorial |
Decision Making and Relevant Info II Learning outcomes: L01, L02, L04 |
|
Week 11 |
Lecture |
Direct Input Variances (DM & DL) Learning outcomes: L01, L03, L04 |
Tutorial |
Capital Budgeting and Cost Analysis Learning outcomes: L01, L02, L03, L04 |
|
Week 12 |
Lecture |
Overhead Variances Learning outcomes: L01, L03, L04 |
Tutorial |
Direct Input Variances (DM & DL) Learning outcomes: L01, L03, L04 |
|
Week 13 |
Lecture |
Final Exam Information Lecture Learning outcomes: L01, L02, L03, L04 |
Tutorial |
Overhead variances Learning outcomes: L01, L03, L04 |
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.