| Semester 1, 2020 Online | |
| Short Description: | Accounting Applications |
| Units : | 1 |
| Faculty or Section : | Faculty of Business, Education, Law and Arts |
| School or Department : | School of Commerce |
| Student contribution band : | Band 3 |
| ASCED code : | 080101 - Accounting |
| Grading basis : | Graded |
Staffing
Examiner:
Requisites
Enrolment is not permitted in ACC5000 if ACC8003 has been previously completed.
Rationale
Accounting Applications provides the knowledge and skill development required to meet the accreditation requirements of CPA Australia and Chartered Accountants Australia and New Zealand. The course uses both manual systems and an accounting information system to look at how business are structured and how these systems work and impact on enterprises. During the course students examine the nature of businesses and their environments, and the concepts, principles and practices of recording accounting information.
Synopsis
The course is based on the premise that information systems knowledge is essential for creating competitive firms, adding business value, and providing useful products and services to customers. Accounting Applications is a compulsory course in the Master of Professional Accounting and uses accounting software to meet the core knowledge requirements of the professional bodies. The course also examines accounting information systems role in support of strategic and operational decision-making and problem-solving, as well as operations support and management.
Objectives
On successful completion of this course students should be able to:
- understand and apply accounting concepts to transactions and accounting cycles using both manual accounting systems and computerised accounting systems;
- critically evaluate output from an accounting information system;
- use and understand the applications of software for preparation and analysis of financial statements;
- explain the need for effective governance and control within accounting information systems.
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | Accounting concepts and environment | 10.00 |
| 2. | Accounting software and application | 40.00 |
| 3. | Accounting cycle | 25.00 |
| 4. | Accounting for retailing, receivables and controls | 25.00 |
Text and materials required to be purchased or accessed
ALL textbooks and materials available to be purchased can be sourced from (unless otherwise stated). (https://omnia.usq.edu.au/textbooks/?year=2020&sem=01&subject1=ACC5000)
Please for alternative purchase options from USQ Bookshop. (https://omnia.usq.edu.au/info/contact/)
Hogget, J, Medlin, C, Chalmers, K, Hellman, A, Beattie, C & Maxfield, J 2017, Financial accounting, 10th edn, John Wiley & Sons, Milton.
(Queensland.)
(Queensland.)
Reference materials
Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
Student workload expectations
| Activity | Hours |
|---|---|
| Directed 精东传媒app | 36.00 |
| Independent 精东传媒app | 129.00 |
Assessment details
| Description | Marks out of | Wtg (%) | Due Date | Notes |
|---|---|---|---|---|
| ASSIGNMENT 1 DRAFT | 10 | 5 | 16 Mar 2020 | |
| ASSIGNMENT 1 FINAL | 20 | 10 | 30 Mar 2020 | |
| ASSIGNMENT 2 | 20 | 10 | 20 Apr 2020 | |
| ASSIGNMENT 3 | 50 | 25 | 18 May 2020 | |
| ONLINE EXAM | 100 | 50 | End S1 | (see note 1) |
Notes
- This will be an online exam. Students will be provided further instruction regarding the exam by their course examiner via 精东传媒appDesk. The examination date will be available via UConnect when the Alternate Assessment Schedule has been released.
Important assessment information
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Attendance requirements:
It is the students' responsibility to attend and participate appropriately in all activities (such as lectures and tutorials) scheduled for them, and to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration. -
Requirements for students to complete each assessment item satisfactorily:
Due to COVID-19 the requirements for S1 2020 are: To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks for that item.
Requirements after S1, 2020:
To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks for that item. -
Penalties for late submission of required work:
Students should refer to the Assessment Procedure (point 4.2.4) -
Requirements for student to be awarded a passing grade in the course:
Due to COVID-19 the requirements for S1 2020 are: To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.
Requirements after S1, 2020:
To be assured of receiving a passing grade a student must obtain at least 50% of the total weighted marks available for the course (i.e. the Primary Hurdle), and have satisfied the Secondary Hurdle (Supervised), i.e. the end of semester examination by achieving at least 40% of the marks available for that assessment item.
Supplementary assessment may be offered where a student has undertaken all of the required summative assessment items and has passed the Primary Hurdle but failed to satisfy the Secondary Hurdle (Supervised), or has satisfied the Secondary Hurdle (Supervised) but failed to achieve a passing Final Grade by 5% or less of the total weighted Marks.
To be awarded a passing grade for a supplementary assessment item (if applicable), a student must achieve at least 50% of the available marks for the supplementary assessment item as per the Assessment Procedure (point 4.4.2). -
Method used to combine assessment results to attain final grade:
The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative items for the course. -
Examination information:
Due to COVID-19 the requirements for S1 2020 are: There is no examination in this course.Due to COVID-19 the requirements for S1 2020 are: An Open Examination is one in which candidates may have access to any printed or written material and a calculator during the examination.
Requirements after S1, 2020:
Candidates are allowed access only to specific materials during a Restricted Examination. The only materials that candidates may use in the restricted examination for this course are:- writing materials (non-electronic and free from material which could give the student an unfair advantage in the examination);
- calculators which cannot hold textual information
- students whose first language is not English, may, take an appropriate unmarked non electronic translation dictionary (but not technical dictionary) into the examination.
- dictionaries with any handwritten notes will not be permitted. Translation dictionaries will be subject to perusal and may be removed from the candidate鈥檚 possession until appropriate disciplinary action is completed if found to contain material that could give the candidate an unfair advantage.
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Examination period when Deferred/Supplementary examinations will be held:
Due to COVID-19 the requirements for S1 2020 are: The details regarding deferred/supplementary examinations will be communicated at a later date.
Requirements after S1, 2020:
Any Deferred or Supplementary examinations for this course will be held during the next examination period. -
精东传媒app Student Policies:
Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene 精东传媒app policies and practices. These policies can be found at .
Assessment notes
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Referencing in assignments must comply with the Harvard (AGPS) referencing system. This system should be used by students to format details of the information sources they have cited in their work. The Harvard (APGS) style to be used is defined by the USQ library鈥檚 referencing guide. This guide can be found at .