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ACC5502 Accounting and Financial Management

Semester 3, 2013 External Toowoomba
Units : 1
Faculty or Section : Faculty of Business and Law
School or Department : School of Accounting, Economics and Finance
Version produced : 21 July 2014

Contents on this page


Examiner: Suzy Maloney
Moderator: Mark Vallely

Other requisites

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


The purpose of this course is to develop the ability of non-accountants to use accounting and finance information to increase the effectiveness of their decision making. Understanding, interpreting, analysing and using accounting and finance data has always been essential for business sustainability, however the impacts of globalisation make the learning of accounting and finance tools and concepts an imperative for all managers who want to creatively address problems and find real world solutions. This course provides a solid base for such learning.


Accounting and finance knowledge is crucial in effectively managing organisations. This course aims to provide an understanding of accounting and finance tools and concepts that would give you confidence in using financial information when making decisions, in searching for financial information and in questioning financial information provided. Covered will be the use and interpretation of financial reports and budgets to help plan, control and evaluate in today's business environment. The exploration of the consequent political and behavioural effects of the use of accounting and finance in organisations will also be covered and this will help develop your understanding of accounting and finance in practice.


On successful completion of this course, students should be able to:

  1. demonstrate applied knowledge of the accounting regulatory environment and the accounting and finance processes, systems, concepts and techniques used globally in business practice
  2. apply financial statement analysis, management accounting concepts and finance frameworks to identify and solve complex organisational problems creatively and practically to increase the effectiveness of management decision making that provides solutions to real world problems
  3. apply financial statement analysis, management accounting concepts and finance frameworks to changing global and economic conditions and to help assess the impact on organisational systems
  4. apply and use financial statement analysis, management accounting concepts and finance frameworks with other evidence to provide solutions to real world problems
  5. appreciate ethical frameworks and codes of practice and their application to accounting and finance outcomes to help comprehend and address complex ethical dilemmas.


Description Weighting(%)
1. Accounting and the business regulatory environment 8.00
2. Ethics and corporate governance 8.00
3. Financial accounting 34.00
4. Management accounting 34.00
5. Finance 16.00

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. (

  • Birt, J, Chalmers, K, Byrne, S, Brooks, A & Oliver, J 2012, Accounting: business reporting for decision making, 4th edn, John Wiley & Sons, Milton, 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.
  • Atrill, P & McLaney, E 2010, Accounting: an introduction, 5th edn, Pearson Education, Harlow, England.
  • Bazley, M & Hancock, P 2010, Contemporary accounting: a conceptual approach, 7th edn, Cengage Learning, South Melbourne, Victoria.
  • Horngren, CT, Datar, SM & Foster, G, Rajan, M & Ittner, C 2009, Cost accounting: a managerial emphasis, 13th edn, Pearson Prentice-Hall, Upper Saddle River, New Jersey.
  • Ryan, B 2004, Finance and accounting for business, Thomson Learning, London.

Student workload requirements

Activity Hours
Assessments 25.00
Directed Study 100.00
Private Study 40.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ON-LINE TEST 20 0 22 Nov 2013
ASSIGNMENT 1 100 20 20 Dec 2013
ASSIGNMENT 2 100 20 17 Jan 2014
2-HOUR EXAMINATION 60 60 End S3 (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:
    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.

  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 to specific materials during the examination. The only materials that candidates may use in the examination for this course are:
    1. writing materials (non-electronic and free from material which could give the student an unfair advantage in the examination)
    2. calculators which cannot hold textual information (students must indicate on their examination paper the make and model of any calculator(s) they use during the examination)
    3. English translation dictionaries (but not technical dictionaries).
    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

Assessment notes

  1. Referencing in assignments:
    Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at

  2. Course weightings:
    Course weightings of topics should not be interpreted as applying to the number of marks allocated to questions testing those topics in an examination paper. The examination may test material already tested in assignments.

  3. Dishonest actions:
    1. Any student who is alleged to have performed a dishonest action relating to any assessment in the course will have a course of action taken against him/her as outlined in the academic regulations.
    2. Pieces of assessment should be the work of individual students. Joint pieces of assessment are not permitted unless written approval has been obtained from the examiner.
    3. Dishonest action in relation to assessment includes: copying or attempting to copy the work of others; use of or attempting to use information prohibited from use in that form of assessment; submitting the work of another as your own; consciously committing acts of plagiarism, that is, taking and using another's thoughts or writings as one's own with intent to deceive, which occurs when paragraphs, sentences, a single sentence or significant parts of a sentence which are copied directly, are not enclosed in quotation marks and appropriately footnoted or referenced in the text; direct quotations are not used, but text is paraphrased or summarised, and the source of the material is not acknowledged by footnoting or other reference in the text.

Other requirements

  1. 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