Course coordinator
Mrs Lisa Barham
Course overview
- Study period
- Semester 2, 2024 (22/07/2024 - 18/11/2024)
- Study level
- Postgraduate Coursework
- Location
- Brisbane City
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Business School
Accounting involves compiling and interpreting financial information about an enterprise and its activities as a basis for making and evaluating economic decisions about the deployment of resources. Therefore, a basic knowledge of accounting is important for anyone involved in modern enterprises, whether they be profit oriented or government/non-profit entities. The aim of the course is to provide a broad understanding of the accounting discipline to enable students to comprehend, evaluate, interpret, question and intelligently discuss accounting information; and understand the uses, limitations, complexities and evolving nature of accounting.
Course requirements
Assumed background
No accounting background assumed
Recommended prerequisites
We recommend completing the following courses before enrolling in this one:
MGTS7801 and MGTS7803
Incompatible
You can't enrol in this course if you've already completed the following:
ACCT1110 or 2101 or 2111 or 2112
Restrictions
GCBA, GDipBA, MBA
Course contact
Course staff
Lecturer
Mrs Lisa Barham
Tutor
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
Financial accounting is the system used to prepare reports that disseminate information about the performance and financial status of a business to external parties. For example, it is the system used by the directors of a public company to prepare financial statements in the annual report issued to shareholders of that company. ACCT7804 commences with an introduction to accounting terminology and the basic financial statements required for most businesses in the context of the Australian regulatory environment. The body of the course focuses on the skills necessary for the preparation, analysis and interpretation of information contained in external financial statements - Balance Sheet, Income Statement and Statement of Cash Flows. Specific accounting issues relating to revenues, expenses, assets, liabilities and equity are addressed within the context of the financial statements. The Financial Statement evaluation phase of the course culminates in the development of forecast financial statements, which leads directly to discussion of methods of company valuation. ACCT7804 concludes by considering the nature of costs, budgeting and management control systems within companies.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Recognise asset, liability, equity, revenue and expense items and apply appropriate measurement techniques to them for recognition in financial statements.
LO2.
Analyse and evaluate the content of external financial reports.
LO3.
Examine the role of effective corporate governance in the preparation of financial statements.
LO4.
Use ratio analysis to interpret and determine the performance and position of a reporting entity.
LO5.
Examine and employ relatively sophisticated valuation concepts.
LO6.
Be aware of the regulatory environment in which financial statements are prepared.
LO7.
Utilise accounting information to make a variety of decisions internal to the firm.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Examination |
Open Book In-Semester Exam
|
30% |
20/08/2024 8:00 pm
During Class. From 5:30pm to 8:00pm |
| Essay/ Critique | Corporate Disclosure | 20% |
1/10/2024 2:00 pm |
| Examination |
End-of-Semester Exam
|
50% |
5/11/2024 9:00 pm
From 5:30pm to 9:00pm |
Assessment details
Open Book In-Semester Exam
- Online
- Mode
- Written
- Category
- Examination
- Weight
- 30%
- Due date
20/08/2024 8:00 pm
During Class. From 5:30pm to 8:00pm
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L05, L06
Task description
In-Semester exam covering topics up to and including the Profit and Loss Statement.
This assessment task evaluates students' abilities, skills and knowledge without the aid of Artificial Intelligence (AI) or collaboration. Students are advised that the use of AI technologies and collaboration with others 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 | Any calculator permitted |
| Open/closed book | Open Book examination |
| Exam platform | Learn.UQ |
| Invigilation | Not invigilated |
Submission guidelines
Submission in Excel via Blackboard
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.
Corporate Disclosure
- Mode
- Written
- Category
- Essay/ Critique
- Weight
- 20%
- Due date
1/10/2024 2:00 pm
- Learning outcomes
- L01, L02, L03, L04, L06
Task description
Students are to select a publicly listed Australian company of their choice and provide answers to the questions on the project outline as listed on Blackboard.
Students will need to access the company's Annual Report and website in order to do the project, as well as utilise databases such as Morningstar DatAnalysis Premium and Factiva, which are available through the UQ library. Other sources of information such as analyst reports or articles in the financial press should also be consulted.
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
Submitted in Turnitin via Blackboard Assessments in PDF format only.
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.
End-of-Semester Exam
- Online
- Mode
- Written
- Category
- Examination
- Weight
- 50%
- Due date
5/11/2024 9:00 pm
From 5:30pm to 9:00pm
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04, L05, L06, L07
Task description
It will cover topics since the In-Semester Exam and will also draw on some of the concepts from the beginning of the course.
This assessment task evaluates students' abilities, skills and knowledge without the aid of Artificial Intelligence (AI) or collaboration. Students are advised that the use of AI technologies and collaboration with others to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 180 minutes |
| Calculator options | Any calculator permitted |
| Open/closed book | Open Book examination |
| Exam platform | Learn.UQ |
| Invigilation | Not invigilated |
Submission guidelines
Submission in Excel via Blackboard
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.
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 |
|---|---|---|
O-week |
Workshop |
Financial Maths Workshop |
Week 1 |
Lecture |
Introduction to Accounting Learning outcomes: L01, L02, L06 |
Week 2 |
Lecture |
Balance Sheet: Assets Learning outcomes: L01, L02, L06 |
Week 3 |
Lecture |
Balance Sheet: Liabilities and Owner's Equity Learning outcomes: L01, L02, L05, L06 |
Tutorial |
Tutorial - Financial Statement Relationships and Concepts Learning outcomes: L01, L02 |
|
Week 4 |
Lecture |
Income Statement Learning outcomes: L01, L02, L06 |
Tutorial |
Tutorial - Financial Statements Learning outcomes: L01, L02 |
|
Week 5 |
Lecture |
In-Semester Exam Learning outcomes: L01, L02, L05, L06 |
Week 6 |
Lecture |
Statement of Cash Flows In-Semester Exam during Class Learning outcomes: L01, L02, L06 |
Tutorial |
Tutorial - Statement of Cash Flows Learning outcomes: L01, L02, L06 |
|
Week 7 |
Lecture |
Financial Statement Analysis Learning outcomes: L01, L02, L04 |
Tutorial |
Tutorial - Financial Performance Analysis Learning outcomes: L02, L04 |
|
Week 8 |
Lecture |
Corporate Governance Learning outcomes: L03, L06 |
Week 9 |
Lecture |
Forecast Statements and Business Valuations Learning outcomes: L01, L02, L04, L05, L07 |
Tutorial |
Tutorial - Net Present Value & WACC Learning outcomes: L05, L07 |
|
Mid Sem break |
No student involvement (Breaks, information) |
In-Semester Break No Lecture. In-Semester Break |
Week 10 |
Lecture |
Business Valuations (External Perspective) Learning outcomes: L02, L05, L07 |
Week 11 |
Lecture |
Cost Behaviour and Break Even Analysis Learning outcomes: L07 |
Week 12 |
Lecture |
Costing and Marginal Analysis Learning outcomes: L07 |
Tutorial |
Tutorial - Costing, Breakeven & Marginal Analysis Note: The tutorial scheduled for 17 October will move to 18 October. See Blackboard for more information. Learning outcomes: L07 |
|
Week 13 |
Lecture |
Management Control Systems Learning outcomes: L07 |
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.