Course coordinator
Mr Clayton Thompson
Course overview
- Study period
- Semester 1, 2025 (24/02/2025 - 21/06/2025)
- Study level
- Undergraduate
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Business School
This course introduces students to cost accounting concepts relevant to planning and controlling and decision making activities within organisations. Focusing on the accounting systems that managers use in their decisions about resource allocation and performance evaluation, especially within the manufacturing environment.
Management accounting information is broadly used in planning, control, and decision-making. The course has three parts:
- Cost behaviour and approaches.
- Relevant costing and capital expenditure analysis (in business cases).
- Overhead and activity-based costing, budgeting and variance analysis, and balanced scorecards for strategy and sustainability.
Course requirements
Assumed background
Students should have previously undertaken Financial Accounting for Business (ACCT2112 or equivalent course) and are therefore familiar with accounting for business activities and transactions (including journal entries and T-accounts), and the financial statements (income statement, balance sheet, and cash flow statement). No responsibility will be accepted by 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:
ACCT1110 or 1111 or 1112 or 2101 or 2111 or 2112
Incompatible
You can't enrol in this course if you've already completed the following:
ACCT2102 or 2114 or 7107
Restrictions
This course is restricted to students enrolled in the BAdvBus(Hons) program
Course contact
Course staff
Lecturer
Mr Clayton Thompson
Tutor
Mr Robert Ferguson
Mr Armando Riviere Garcia
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
This course aims for students to understand cost behaviour, relevant costing, capital expenditures, cost allocation, cost management, budgetary control and environmental management accounting. The course also aims to equip students with group work skills and skills in concisely communicating management accounting information.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Recognise and explain the role of management accounting in the planning, control and decision making activities of organisations.
LO2.
Understand variable and fixed costs, and apply that knowledge to cost-volume-profit analysis.
LO3.
Understand and apply relevant costing techniques.
LO4.
Understand capital expenditure analysis and work in a group to apply that understanding to prepare and concisely communicate a 'real-world' business case.
LO5.
Understand and apply traditional and activity-based overhead costing methods, and explain the circumstances in which a particular method is appropriate.
LO6.
Understand budgeting systems, prepare budgets and flexible budget variance analyses and explain the rationale for using these, and their behavioural effects.
LO7.
Develop an awareness of strategy, balanced scorecards and sustainability management accounting.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Examination |
In-Semester Exam (Topics 1 - 3)
|
30% |
In-semester Saturday 29/03/2025 - 12/04/2025 |
| Paper/ Report/ Annotation, Presentation, Project |
GROUP ASSIGNMENT (Topics 4 - 6)
|
20% |
Report, 3:00pm - 7/05/2025 Presentation During Class Week 13 Mon - Week 13 Fri |
| Examination |
FINAL EXAM (Topics 7 - 12)
|
50% |
End of Semester Exam Period 7/06/2025 - 21/06/2025 |
Assessment details
In-Semester Exam (Topics 1 - 3)
- Identity Verified
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 30%
- Due date
In-semester Saturday
29/03/2025 - 12/04/2025
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02
Task description
The date and time will be advised by UQ Exams.
Topics 1 - 3 will be included.
There will be a mixture of multiple-choice questions and short calculative problems.
Practice mid-semester exams and solutions will be available and students are strongly encouraged to use these materials.
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 | 10 minutes |
|---|---|
| Duration | 90 minutes |
| Calculator options | (In person) Casio FX82 series only or UQ approved and labelled calculator |
| 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 (Topics 4 - 6)
- Team or group-based
- In-person
- Mode
- Oral, Written
- Category
- Paper/ Report/ Annotation, Presentation, Project
- Weight
- 20%
- Due date
Report, 3:00pm - 7/05/2025
Presentation During Class Week 13 Mon - Week 13 Fri
- Other conditions
- Peer assessed.
- Learning outcomes
- L03, L04
Task description
- You will work in a group of two to submit a Business Case using capital expenditure analysis methods.
- It is very well known that skills in group work and the concise communication of analysis in a business-style are very important for graduates and managers.
- Group members must be from the same Tutorial Class (no exceptions). Students must arrange themselves into groups. If you need help joining or forming a group please contact the Course Coordinator.
- The formative feedback window is Mon-Thurs of Week 9, during which time each group can submit their assignment once for feedback for actioning prior to the submission date.
- A peer assessment task must also be completed for this group assignment, the results of the peer assessment may impact your final result for this assessment.
- Presentations will be held during Week 13 tutorial classes.
- More information will be made available on Blackboard.
Please Note: The presentation will be recorded for marking purposes per UQ Policy.
AI Statement:
Artificial Intelligence (AI) provides emerging tools that may support students in completing this assessment task. Students may appropriately use AI in completing this assessment task. Students must clearly reference any use of AI in each instance. A failure to reference generative AI use may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
See Blackboard for the submission requirements - these must be strictly applied in order to comply with the University policies and procedures for student equity.
Deferral or extension
You may be able to apply for an extension.
Extensions or deferrals are not available for the presentation portion of this assessment. An extension may be available for the submitted material only.
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.
10% Late Penalty applies to submitted material only. Late submissions are not accepted for in-class presentations. Failure to present at the scheduled time will result in a mark of zero for the presentation portion of this assessment.
FINAL EXAM (Topics 7 - 12)
- Identity Verified
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 50%
- Due date
End of Semester Exam Period
7/06/2025 - 21/06/2025
- Other conditions
- Time limited.
- Learning outcomes
- L01, L05, L06, L07
Task description
Details of the format of the final exam will be provided on Blackboard.
- While the questions will relate to the materials covered in Topics 7 - 12 'only' , Topics 1 - 3 are relevant prerequisites to understanding Topics 7 - 12 .
- Practice final exams and solutions will be available and students are strongly encouraged to use these materials.
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 | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | (In person) Casio FX82 series only or UQ approved and labelled calculator |
| 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.
Own copy required
You'll need to have your own copy of the following reading resources. We've indicated below if you need a personal copy of the reading materials or your own item.
| Item | Description |
|---|---|
| Book |
Horngren's cost accounting: a managerial emphasis
by Datar; Srikant M.; Rajan; Madhav V.; Horngren; Charles T. - 2021 Edition: Seventeenth edition Publisher: Pearson ISBN: 9781292363165; 9781292363073 |
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 Learning outcomes: L01, L02 |
Lecture |
4. Decision Making and Relevant Info - Part 1 of 2 Learning outcomes: L01, L02, L03 |
|
Week 5 |
Tutorial |
Decision Making and Relevant Info - Part 1 of 2 Learning outcomes: L01, L02, L03 |
Lecture |
5. Decision Making and Relevant Info - Part 2 of 2 Learning outcomes: L01, L02, L03 |
|
Week 6 |
Tutorial |
Decision Making and Relevant Info - Part 2 of 2 Learning outcomes: L01, L02, L03 |
Lecture |
6. Capital Expenditure & Group Assignment Learning outcomes: L01, L02, L03, L04 |
|
Week 7 |
Tutorial |
Capital Expenditure & Group Assignment Learning outcomes: L01, L02, L03, L04 |
Lecture |
7. Traditional Overhead Allocation Learning outcomes: L05 |
|
Week 8 |
Tutorial |
Traditional Overhead Allocation Friday 18th April is a public holiday (Good Friday). Students from Friday tutorials, please attend other tutorials for this week, or alternatively watch the tutorial recording on blackboard. Learning outcomes: L05 |
Lecture |
8. Activity Based Costing Learning outcomes: L05 |
|
Mid-sem break |
No student involvement (Breaks, information) |
In-Semester Break |
Week 9 |
Tutorial |
Activity Based Costing Learning outcomes: L05 |
Lecture |
9. Budgeting Systems - Part 1 of 2 Learning outcomes: L01, L06 |
|
Week 10 |
Tutorial |
Budgeting Systems - Part 1 of 2 Monday 5th May is a public holiday. Students in Monday tutorials, please attend other tutorials for this week, or watch the tutorial recording on blackboard. Learning outcomes: L01, L06 |
Lecture |
10. Budgeting Systems - Part 2 of 2 Labour Day Public Holiday - Monday 5 May 2025 - Check Blackboard for announcements about affected classes. Learning outcomes: L01, L06 |
|
Week 11 |
Tutorial |
Budgeting Systems - Part 2 of 2 Learning outcomes: L01, L06 |
Lecture |
11. Flexible Budgets and Standard Costing Learning outcomes: L01, L06 |
|
Week 12 |
Tutorial |
Flexible Budgets and Standard Costing Learning outcomes: L01, L06 |
Lecture |
12. Strategy, Balanced Scorecards & Sustainability Learning outcomes: L01, L07 |
|
Week 13 |
Tutorial |
Group Assignment Presentations during Tutorials There is no tutorial on the final topic "Strategy, Balanced Scorecards & Sustainability". Please study this material directly from the blackboard self-study exercises. Learning outcomes: L04 |
Lecture |
13. Final Exam Preparation |
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.