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The current and official versions of the course specifications are available on the web at https://www.usq.edu.au/course/specification/current.
Please consult the web for updates that may occur during the year.

ACC5000 Accounting Applications

Semester 2, 2020 On-campus Toowoomba
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: Gregory Jones

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:

  1. record transactions and produce financial reports for different business structures in accordance with Australian Accounting Standards and GAAP;
  2. apply fundamental accounting concepts and methods to produce and analyse financial statements;
  3. apply accounting software to support the accounting functions;
  4. analyse reports produced by accounting systems for reasonableness;
  5. develop and apply research skills to evidence accounting decision making and applications.

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 USQ's Online Bookshop (unless otherwise stated). (https://omnia.usq.edu.au/textbooks/?year=2020&sem=02&subject1=ACC5000)

Please contact us 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.)

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 Study 36.00
Independent Study 129.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
WRITTEN RESEARCH ESSAY DRAFT 10 5 03 Aug 2020
WRITTEN RESEARCH ESSAY FINAL 20 10 17 Aug 2020
FIN TRANSC/EXCEL REPORT 30 15 07 Sep 2020
FIN TRANSC/XERO REPORT 40 20 06 Oct 2020
ONLINE EXAMINATION 100 50 End S2 (see note 1)

Notes
  1. This will be an online exam. Students will be provided further instruction regarding the exam by their examiner via StudyDesk.

Important assessment information

  1. 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.

  2. Requirements for students to complete each assessment item satisfactorily:
    Due to COVID-19 the requirements for S2 2020 are:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks for that item.

    Requirements after S2, 2020:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks for that item.

  3. Penalties for late submission of required work:
    Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)

  4. Requirements for student to be awarded a passing grade in the course:
    Due to COVID-19 the requirements for S2 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 S2, 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 http://policy.usq.edu.au/documents/14749PL (point 4.4.2).

  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 items for the course.

  6. Examination information:
    Due to COVID-19 the requirements for S2 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 S2, 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:
    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
    3. students whose first language is not English, may, take an appropriate unmarked non electronic translation dictionary (but not technical dictionary) into the examination.
    4. dictionaries 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.


  7. Examination period when Deferred/Supplementary examinations will be held:
    Due to COVID-19 the requirements for S2 2020 are:
    The details regarding deferred/supplementary examinations will be communicated at a later date.

    Requirements after S2, 2020:
    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 http://policy.usq.edu.au.

Assessment notes

  1. 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’s referencing guide. This guide can be found at http://www.usq.edu.au/library/referencing.

Date printed 6 November 2020