ACC3042 Energy Management Accounting
|Semester 2, 2013 External Toowoomba|
|Faculty or Section :||Faculty of Business and Law|
|School or Department :||School of Accounting, Economics and Finance|
|Version produced :||21 July 2014|
Examiner: Ulrich Nissen
Moderator: Marie Kavanagh
Students are required to have access to a personal computer, email capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.
Due to rising energy prices and therefore growing energy expenditures within companies, one of the major challenges and priorities for business is the development of energy efficiency initiatives. This course integrates conventional management accounting skills with a foundation level knowledge of energy engineering and provides students with the skills to communicate effectively with engineering colleagues to facilitate innovative energy management solutions for business.
Accountants play a key role in energy management and need to be able to make good investment decisions, to control energy consumption and energy costs and to develop and apply effective energy controlling methods in line with energy legislation. This course provides an introduction to the principles of sustainable energy management accounting underpinned by a foundation level knowledge of energy engineering fundamentals such as thermodynamics and construction physics.
On completion of the course students will have the knowledge and the abilities to calculate energy efficiency measures, decide upon such investments and to cooperate in energy efficiency projects together with energy scientists and engineers (having the lead role as far as costing and profitability matters are concerned).
On completion of this course students will:
- be able to determine the energy demand of a company and develop ideas on how to reduce the energy demand and consumption
- have a broad overview and understanding of energy supply technologies
- be able to optimise the energy consumption and to reduce the energy costs of a company
- have a comprehensive knowledge of the business aspects of energy management
- be trained in the application of energy adjusted accounting instruments
- know how to integrate the energy issues of a company into normal accounting systems
- will be able to communicate effectively with engineering colleagues on energy management related issues.
Energy adjusted investment appraisal
Business oriented energy management
Text and materials required to be purchased or accessed
ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2013&sem=02&subject1=ACC3042)
Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)
- There are no texts or materials required for this course.
Student workload requirements
|Description||Marks out of||Wtg (%)||Due Date||Notes|
|ASSIGNMENT 1||100||25||06 Sep 2013|
|ASSIGNMENT 2||100||25||11 Oct 2013|
|2-HOUR EXAMINATION||100||50||End S2||(see note 1)|
- The examination is scheduled to be held in the end-of-semester examination period. Students will be advised of the official examination date after the timetable has been finalised.
Important assessment information
If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students' responsibility 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:
To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)
Penalties for late submission of required work:
If students submit assignments after the due date without prior approval of the examiner, then a penalty of 5% of the total marks gained by the student for the assignment may apply for each working day late up to ten working days at which time a mark of zero may be recorded.
Requirements for student to be awarded a passing grade in the course:
To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.
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 assessment items in the course.
This is a restricted examination. Candidates are allowed access only to specific materials during the examination. The only materials that candidates may use in the examination for this course are:
- writing materials. These must be non-electronic and free from material which could give the student an unfair advantage in the examination.
- calculator which cannot hold textual information. The student must indicate on the examination paper the make and model of any calculator(s) used during the examination.
- unmarked non-electronic translation dictionary (but not technical dictionary). A student whose first language is not English may take an appropriate dictionary into the examination room. A dictionary with any handwritten notes will not be permitted. Translation dictionaries will be subject to perusal and may be removed from the candidate's possession until appropriate disciplinary action is completed if found to contain material that could give the candidate an unfair advantage.
Examination period when Deferred/Supplementary examinations will be held:
Any Deferred or Supplementary examinations for this course will be held during the next examination period.
University Student Policies:
Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.
Students can expect that questions in assessment items in this course may draw upon knowledge and skills that they can reasonably be expected to have acquired before enrolling in this course. This includes knowledge contained in pre-requisite courses and appropriate communication, information literacy, analytical, critical thinking, problem solving or numeracy skills. Students who do not possess such knowledge and skills should not expect the same grades as those students who do possess them.
Computer, e-mail and Internet access:
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.