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ACC3042 Energy Management Accounting

Semester 2, 2013 On-campus Springfield
Units : 1
Faculty or Section : Faculty of Business and Law
School or Department : School of Accounting, Economics and Finance

Contents on this page


Examiner: Ulrich Nissen
Moderator: Marie Kavanagh


Pre-requisite: ACC2113

Other requisites

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 //


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:

  1. be able to determine the energy demand of a company and develop ideas on how to reduce the energy demand and consumption
  2. have a broad overview and understanding of energy supply technologies
  3. be able to optimise the energy consumption and to reduce the energy costs of a company
  4. have a comprehensive knowledge of the business aspects of energy management
  5. be trained in the application of energy adjusted accounting instruments
  6. know how to integrate the energy issues of a company into normal accounting systems
  7. will be able to communicate effectively with engineering colleagues on energy management related issues.


Description Weighting(%)
1. Introduction 5.00
2. Energy demand
  • Basics of thermodynamics
  • Foundations of electricity
  • Demand of energy for buildings (i) Heat transfer within walls; (ii) Ventilation heat losses; (iii) Gain of heat (solar and internal generation)
  • Heat demand of industrial processes
3. Energy adjusted investment appraisal
  • Investment appraisal in general
  • Specialities regarding energy systems and measures
  • Determination of ?Levelised Costs of Energy (LCOE)", grid parity, ?Cost of Conserved Energy? (CCE), and abatement costs
4. Energy supply
  • Traditional electrical power generation
  • Conventional heating systems
  • Cogeneration units
  • Solar energy (i) Thermal solar energy use (solar collectors); (ii) Photovoltaic systems
  • Heat pumps
5. Business oriented energy management
  • Energy trends (price trends, decentralization; smart energy; regenerative resources etc.)
  • Using investment appraisals to systematically exploit energy cost saving potentials
  • Energy management oriented cost accounting (i) Energy adjusted cost centre accounting; (ii) Energy adjusted product calculation; (iii) Energy adjusted activity based costing
  • Carbon footprinting and product carbon footprinting
  • Energy monitoring and controlling
  • Standardization of energy management systems

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). (

Please contact us for alternative purchase options from USQ Bookshop. (

  • There are no texts or materials required for this course.

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 requirements

Activity Hours
Assessments 20.00
Directed Study 36.00
Private Study 99.00

Assessment details

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)

  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

  1. Attendance requirements:
    It is the students' responsibility to attend and participate appropriately in all activities (such as lectures, tutorials, laboratories and practical work) 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.

  2. 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.)

  3. 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.

  4. 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.

  5. 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.

  6. Examination information:
    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:
    1. writing materials. These must be non-electronic and free from material which could give the student an unfair advantage in the examination.
    2. 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.
    3. 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.
    Students are not permitted to take mobile telephones, pagers or other electronic means of communication into the examination room.

  7. 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.

  8. 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

Other requirements

  1. 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.

  2. 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 //