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
Financial accounting research and its implication for practice. Specific issues are included according to their importance to professional practice and accounting regulation.
Course requirements
Assumed background
This course involves reading and understanding academic journals articles in accounting and finance. It is strongly recommended that students have completed RBUS6923 or take RBUS6923 in the same semester as ACCT6102.
Before attempting this course, students are advised that it is important to complete the appropriate prerequisite course(s) listed on the front of this course profile. No responsibility will be accepted by the School of Business, the Faculty of Business, Economics and Law or The University of Queensland for poor student performance occurring in courses where the appropriate prerequisite(s) has/have not been completed, for any reason whatsoever.
Prerequisites
You'll need to complete the following courses before enrolling in this one:
Permission from Head of School
Restrictions
BAdvBus(Hons), BCom(Hons), GCBusRMeth, GDipBRM, MCom(#32), MCom(Adv), PhD, MPhil. BAdvBus(Hons) students are required to email bel@uq.edu.au for permission to enrol. Quota: Minimum of 10 enrolments.
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
This course aims to develop students' critical understanding of the supporting theories and research underpinning modern financial accounting. Through exploring the current research that is
pertinent to how accounting information is integrated into the modern financial economy, and by paying attention to how financial markets use financial accounting information, students will appreciate how
an integrated framework across the three disciplines of accounting, finance and economics will enable them to think critically and comment sensibly on accounting issues in the broader financial economy.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Discuss the decision usefulness of accounting information to financial markets, including the issues of earnings quality and adverse selection
LO2.
Discuss the measurement perspective in practice, with a focus on financial statements as a benchmark for intrinsic value
LO3.
Explain the moral hazard problem in the context of accounting numbers, and in particular in relation to the propensity to manage earnings
LO4.
Evaluate any topical issue of accounting in financial markets in a sensible and scholarly manner
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Paper/ Report/ Annotation, Practical/ Demonstration |
Question Sets
|
60% Each set is worth 10% |
6/08/2024 1:00 pm 13/08/2024 1:00 pm 20/08/2024 1:00 pm 27/08/2024 1:00 pm 17/09/2024 1:00 pm 15/10/2024 1:00 pm
Each question set (6 sets in total) will be provided at the end of the relevant seminar and students will have one week to work on the answer set. The answers will be due for submission one-hour prior to the start of the next week's seminar. |
| Paper/ Report/ Annotation, Practical/ Demonstration, Project |
Valuation Assignment
|
40% |
17/10/2024 2:00 pm |
Assessment details
Question Sets
- Mode
- Written
- Category
- Paper/ Report/ Annotation, Practical/ Demonstration
- Weight
- 60% Each set is worth 10%
- Due date
6/08/2024 1:00 pm
13/08/2024 1:00 pm
20/08/2024 1:00 pm
27/08/2024 1:00 pm
17/09/2024 1:00 pm
15/10/2024 1:00 pm
Each question set (6 sets in total) will be provided at the end of the relevant seminar and students will have one week to work on the answer set. The answers will be due for submission one-hour prior to the start of the next week's seminar.
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04
Task description
For more details, please see Blackboard.
Submission guidelines
Submission details will be available on Blackboard at the submission point.
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.
Valuation Assignment
- Mode
- Written
- Category
- Paper/ Report/ Annotation, Practical/ Demonstration, Project
- Weight
- 40%
- Due date
17/10/2024 2:00 pm
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L04
Task description
The assignment is intended to investigate the significance of various factors on a firm’s valuation when there is significant information asymmetry between its managers and current and potential investors. As part of this assignment, you will be asked to evaluate the influence of online chat rooms, websites, media sentiment and market announcements on a firm’s stock price and trading volume. Note that this is an individual assessment.
Submission guidelines
Submit through Turnitin link on Learn.UQ
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.
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
Library resources are available 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 |
Seminar |
Introduction Introduction to course and recap of basic structure of an article critique Learning outcomes: L01, L02, L03, L04 |
Week 2 |
Seminar |
The Role of Accounting Accounting and decision usefulness. Learning outcomes: L01, L02, L03, L04 |
Week 3 |
Seminar |
Moral Hazard: Propensity to Manage Earnings I Moral hazard. Learning outcomes: L01, L02, L03, L04 |
Week 4 |
Seminar |
Moral Hazard: Propensity to Manage Earnings II Learning outcomes: L01, L02, L03, L04 |
Week 5 |
Seminar |
Presentation of Information Learning outcomes: L01, L02, L03, L04 |
Week 6 |
Case-based learning |
Self-directed study on question sets due Learning outcomes: L01, L02, L03, L04 |
Week 7 |
Seminar |
Valuation 1 Overview of valuation models. Learning outcomes: L01, L02, L03, L04 |
Week 8 |
Seminar |
Valuation 2 Steps to valuation of a company. Learning outcomes: L01, L02, L03, L04 |
Week 9 |
Problem-based learning |
Self-directed work on valuation assignment Income taxes and company value. Learning outcomes: L01, L02, L03, L04 |
Mid Sem break |
No student involvement (Breaks, information) |
No class. In-Semester Break |
Week 10 |
Seminar |
Voluntary Disclosure I Climate Change 1. Learning outcomes: L01, L02, L03, L04 |
Week 11 |
Seminar |
Voluntary Disclosure II Climate Change 2. Learning outcomes: L01, L02, L03, L04 |
Week 12 |
Seminar |
Course Summary Course summary and presentation of any outstanding articles. Learning outcomes: L01, L02, L03, L04 |
Week 13 |
Problem-based learning |
Valuation Assignment Practical No formal classes; informal class contact and self-directed work on valuation assignment. Learning outcomes: L01, L02, 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.