Accounting

Queensland University of Technology

Course Description

  • Course Name

    Accounting

  • Host University

    Queensland University of Technology

  • Location

    Brisbane, Australia

  • Area of Study

    Accounting

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    12
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Synopsis:
    Accounting data is the basis for decision making in any organisation. Accordingly, the aim of this unit is to provide students with a basic level of knowledge of modern financial and managerial accounting theory and practice so that they can understand how accounting data is used to help make decisions in organisations. The unit covers financial procedures and reporting for business entities, analysis and interpretation of financial statements and planning, control and business decision making.
    Learning Outcomes
    Upon completion of this unit, you should be able to:
    1. Identify, classify and anayse financial data, both manually and using a computerised accounting package
    2. Prepare financial reports to provide decision useful information to users with respect to the allocation of financial resources.
    3. Discuss the social responsibility and global implications associated with the use of accounting information.
    Content
    The underlying theme of this unit is to illustrate how accounting information is used in the real world for decision making. Annual reports of listed companies will be used to illustrate how accounting information is used in the business decision making process. In addition, relevant real world examples will be included in class activities and assessment to further illustrate the relationship between accounting information and business decision making. All types of decision making will be illustrated and discussed, namely financing, investing and operating decisions.
    The content in this unit starts with a basic introduction to accounting, before progressing to consideration of the ways in which accounting information is used in business by both internal and external decision makers. This includes developing analytical and interpretational skills. The unit also provides instruction on how the financial statements that are used for decision making are prepared. This will include practical accounting skills.
    The following topics will be covered in this unit:
    • Introduction to accounting and the accounting process;
    • Adjusting the accounts;
    • Completing the accounting cycle;
    • Operation of accounting systems;
    • Cash flow statements;
    • Accounting and control of inventory systems;
    • Corporate governance;
    • Internal management control and accounting and control of cash;
    • Corporate social responsibility accounting;
    • Accounting and control of non-current assets;
    • Analysis and interpretation of financial statements; and
    • An introduction to management accounting.
    The generic capabilites developed in this unit are: -
    • Discipline knowledge;
    • Technology skills;
    • Synthesis and analysis; and
    • Knowledge of socially responsible behaviour.
    Approaches to Teaching and Learning
    Classes are 3 hours each week. The 3 hour class will be used for a lecture which introduces new material, and a workshop on the previous week's work. For all lectures the powerpoint slides will be available on the BSB110 Blackboard site and should be downloaded prior to the lecture. You will get the most out of the lectures if you bring the powerpoint slides with you. Practice questions are provided each week. Students are strongly encouraged to keep up with the work by completing all of these questions in the allotted week.
    This unit will encourage you to conceptually link the theoretical aspects with the practical aspects and thus you will be able to apply your knowledge to a wide variety of accounting situations. Lectures will provide an introduction to the theoretical concepts, and will use practical examples to illustrate techniques and processes. Your learning will be supported by more in-depth practice questions which are designed to further develop your understanding of the material covered. Solutions for all practice questions will be provided on the BSB110 Blackboard site each week.
    Lecture Practice Questions: The basic understanding provided in lectures will be developed through the use of practice questions. To achieve the objectives of the unit it is essential that you complete the practice questions each week so that you can develop a sound understanding of the content of the unit.
    Workshop Questions: The workshop questions are designed to further reinforce the work covered in the lecture, to show how various issues in the lecture material fit together, and to give students the opportunity to see how problems are worked, and discuss why something is done a certain way.
    Proper attention to the teaching and learning strategies should enable you to meet the assessment requirements of the unit. You will be assessed on your developing knowledge, understanding and skills using a range of inter-related assessment methods.
    It has been observed that those students who do not perform well in accounting subjects are those who fail to complete the weekly practice questions and who do not attend classes.
    Assessment
    The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
    • receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
    • demonstrate your learning in order to achieve a final grade (summative assessment).
    Formative assessment in the form of quiz/discussion questions will be available by week 4 to give feedback to students on their progress, to allow them to gauge their aptitude for the unit.
    • Formative Quiz in class in Lecture 4: 10 multiple choice questions covering topics 1 to 3.
    • Formative Quiz in class in Lecture 6: 10 multiple choice questions covering topics 3 to 5.
    • Formative Quiz in class in Lecture 11: 2 small practical questions covering topics 7 to 8.
    Students will receive feedback in various forms throughout the semester which may include:
    • Informal: worked examples, such as verbal feedback in class, personal consultation
    • Formal:>/i> in writing, such as checklists (e.g. criteria sheets), written commentary
    • Direct: to individual students, either in written form or in consultation
    • Indirect:>/i> to the whole class
    Assessment name: Mid-semester Examination
    Description: The exam will be a closed-book multiple choice and short answer examination covering weeks 1 to 5. Length: 1 hour for working (10 mins perusal) Formative or Summative: Both
    Relates to objectives: 1
    Weight: 25
    Internal or external: Internal
    Group or individual: Individual
    Due date: Week 7
    Assessment name: End of Semester Examination
    Description: The examination will be closed book. It will consist of both practical and theoretical questions and will examine work covered in weeks 6 to 12 inclusive. Length: 2 hours for working plus 10 minutes perusal Formative or Summative: Summative
    Relates to objectives: 1, 2 & 3
    Weight: 50
    Internal or external: Internal
    Group or individual: Individual
    Due date: Central Exam Period

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.