AYB150 Financial Management and Reporting
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYB150 |
|---|---|
| Prerequisite(s): | BSB107 OR BSD107 |
| Antirequisite(s): | AYB106, AYB200 or AYB201 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
Unit Outline: Semester 1 2027, Gardens Point, Internal
| Unit code: | AYB150 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | BSB107 OR BSD107 |
| Anti-requisite: | AYB106, AYB200, AYB201 |
| Coordinator: | Stanley Choi | stanley.choi@qut.edu.au |
Overview
In this unit you will develop fundamental skills in financial management and financial reporting. This includes gaining practical familiarity with the double-entry accounting system, as well as being able to record and report on various aspects of a business. Having gained a sound understanding of the accounting and reporting processes, you will develop knowledge and skills around how to evaluate an organisation's financial structure and manage its financial future.
Learning Outcomes
On successful completion of this unit you will be able to:
- Process transactions and prepare financial reports to provide information that enables users to make sound financial decisions. [KS 1.1, KS 1.2]
- Identify, analyse and explain specific technical, accounting and legal requirements in financial reporting. [KS 1.1, HO 2.2, SE 5.1]
- Use accounting software to record and analyse accounting data in order to produce accurate, relevant and reliable written accounting reports. [KS 1.1, KS 1.2]
- Explain how managers make financial decisions in relation to the management of risks, finances and profit distributions. [KS 1.1, HO 2.1]
Content
This unit will develop your skills involving accounting and financial practice. This includes fundamental reporting processes involving the double-entry accounting system as well as reporting on different aspects of a business (such as assets, liabilities and revenue). You will also develop knowledge and skills in relation to capital structure, risk management and the cost of capital.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
1.2 Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Higher Order Thinking Skills (HO)
2.1 Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
2.2 Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Professional Communication (PC)
3.1 Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
3.2 Communicate effectively and professionally in oral forms, demonstrating information literacy and the ability to engage, inform, and influence diverse audiences using appropriate technologies and presentation formats across varied business contexts.
Teamwork & Self (TS)
4.1 Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
4.2 Collaborate effectively in diverse and digitally enabled team environments, applying teamwork knowledge and skills to achieve shared goals.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
5.2 Demonstrate and apply knowledge of socially responsible and sustainable business practices to address national and global business challenges in ways that create long-term value.
Learning Approaches
The teaching and learning strategies applied in this subject are intended to maximise your involvement with the practices and techniques that are presented, and to provide step-by-step support for their application to a range of problems relevant to the technical and professional role of financial accountants and managers. Weekly sessions will provide an introduction to the concepts and this will be supported by sessions designed to apply that knowledge through a wide range of problem-solving activities and case studies. In addition, opportunities will be provided to discuss and resolve any uncertainties that may arise in a smaller group setting.
Feedback on Learning and Assessment
You will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Financial Reporting Project
Acting in the role of an accountant, this assignment requires you to identify transactions that need to be recorded in the accounts of a business, record those transactions using an accounting software package, and generate appropriate financial reports.
The assignment has two parts:
(1) Part A (10%, due in Week 5): Use accounting software to set up a company and complete a set of initial business transactions.
(2) Part B (10%, due in Week 10): Journalise business transactions and adjustments, prepare and analyse financial reports.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.1)
Assessment: Capital Investment Report
You will be required to use financial information to evaluate investment projects.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Final Exam
The examination will consist of both practical and theoretical questions that will assess your knowledge of financial management and reporting and will examine work and concepts covered in Topics 1 to 12 inclusive.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
The late submission period does not apply, and no assignment extensions are available.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Weekly resources will be made available on the unit Canvas site.
Resource Materials
Prescribed text(s)
Miller-Nobles, Mattison, Matsumura, Best, Keene, Tan, Willett, Financial Accounting (Horngren's), 9th ED, Pearson.
Recommended text(s)
Nguyen, A., Fundamentals of Finance, 1st ED, Deakin University.
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate) 2027
HO (2.1): Critical Analysis
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Final Exam
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam
KS (1.2): Technical and Technological Skills
Relates to: ULO1, ULO3, Financial Reporting Project
SE (5.1): Ethical and Legal Understanding
Relates to: ULO2, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO1, ULO3, Financial Reporting Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Final Exam - Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
Relates to: ULO2, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO1, ULO3, Financial Reporting Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Final Exam - Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
Relates to: ULO2, Final Exam
Unit Outline: Semester 1 2027, Online
| Unit code: | AYB150 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | BSB107 OR BSD107 |
| Anti-requisite: | AYB106, AYB200, AYB201 |
Overview
In this unit you will develop fundamental skills in financial management and financial reporting. This includes gaining practical familiarity with the double-entry accounting system, as well as being able to record and report on various aspects of a business. Having gained a sound understanding of the accounting and reporting processes, you will develop knowledge and skills around how to evaluate an organisation's financial structure and manage its financial future.
Learning Outcomes
On successful completion of this unit you will be able to:
- Process transactions and prepare financial reports to provide information that enables users to make sound financial decisions. [KS 1.1, KS 1.2]
- Identify, analyse and explain specific technical, accounting and legal requirements in financial reporting. [KS 1.1, HO 2.2, SE 5.1]
- Use accounting software to record and analyse accounting data in order to produce accurate, relevant and reliable written accounting reports. [KS 1.1, KS 1.2]
- Explain how managers make financial decisions in relation to the management of risks, finances and profit distributions. [KS 1.1, HO 2.1]
Content
This unit will develop your skills involving accounting and financial practice. This includes fundamental reporting processes involving the double-entry accounting system as well as reporting on different aspects of a business (such as assets, liabilities and revenue). You will also develop knowledge and skills in relation to capital structure, risk management and the cost of capital.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
1.2 Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Higher Order Thinking Skills (HO)
2.1 Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
2.2 Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Professional Communication (PC)
3.1 Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
3.2 Communicate effectively and professionally in oral forms, demonstrating information literacy and the ability to engage, inform, and influence diverse audiences using appropriate technologies and presentation formats across varied business contexts.
Teamwork & Self (TS)
4.1 Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
4.2 Collaborate effectively in diverse and digitally enabled team environments, applying teamwork knowledge and skills to achieve shared goals.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
5.2 Demonstrate and apply knowledge of socially responsible and sustainable business practices to address national and global business challenges in ways that create long-term value.
Learning Approaches
The teaching and learning strategies applied in this subject are intended to maximise your involvement with the practices and techniques that are presented, and to provide step-by-step support for their application to a range of problems relevant to the technical and professional role of financial accountants and managers. Weekly sessions will provide an introduction to the concepts and this will be supported by sessions designed to apply that knowledge through a wide range of problem-solving activities and case studies. In addition, opportunities will be provided to discuss and resolve any uncertainties that may arise in a smaller group setting.
Feedback on Learning and Assessment
You will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Financial Reporting Project
Acting in the role of an accountant, this assignment requires you to identify transactions that need to be recorded in the accounts of a business, record those transactions using an accounting software package, and generate appropriate financial reports.
The assignment has two parts:
(1) Part A (10%, due in Week 5): Use accounting software to set up a company and complete a set of initial business transactions.
(2) Part B (10%, due in Week 10): Journalise business transactions and adjustments, prepare and analyse financial reports.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.1)
Assessment: Capital Investment Report
You will be required to use financial information to evaluate investment projects.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Final Exam
The examination will consist of both practical and theoretical questions that will assess your knowledge of financial management and reporting and will examine work and concepts covered in Topics 1 to 12 inclusive.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
The late submission period does not apply, and no assignment extensions are available.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Weekly resources will be made available on the unit Canvas site.
Resource Materials
Prescribed text(s)
Miller-Nobles, Mattison, Matsumura, Best, Keene, Tan, Willett, Financial Accounting (Horngren's), 9th ED, Pearson.
Recommended text(s)
Nguyen, A., Fundamentals of Finance, 1st ED, Deakin University.
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate) 2027
HO (2.1): Critical Analysis
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Final Exam
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam
KS (1.2): Technical and Technological Skills
Relates to: ULO1, ULO3, Financial Reporting Project
SE (5.1): Ethical and Legal Understanding
Relates to: ULO2, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO1, ULO3, Financial Reporting Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Final Exam - Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
Relates to: ULO2, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO1, ULO3, Financial Reporting Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Final Exam - Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
Relates to: ULO2, Final Exam
Unit Outline: Semester 2 2027, Gardens Point, Internal
| Unit code: | AYB150 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | BSB107 OR BSD107 |
| Anti-requisite: | AYB106, AYB200, AYB201 |
| Coordinator: | Stanley Choi | stanley.choi@qut.edu.au |
Overview
In this unit you will develop fundamental skills in financial management and financial reporting. This includes gaining practical familiarity with the double-entry accounting system, as well as being able to record and report on various aspects of a business. Having gained a sound understanding of the accounting and reporting processes, you will develop knowledge and skills around how to evaluate an organisation's financial structure and manage its financial future.
Learning Outcomes
On successful completion of this unit you will be able to:
- Process transactions and prepare financial reports to provide information that enables users to make sound financial decisions. [KS 1.1, KS 1.2]
- Identify, analyse and explain specific technical, accounting and legal requirements in financial reporting. [KS 1.1, HO 2.2, SE 5.1]
- Use accounting software to record and analyse accounting data in order to produce accurate, relevant and reliable written accounting reports. [KS 1.1, KS 1.2]
- Explain how managers make financial decisions in relation to the management of risks, finances and profit distributions. [KS 1.1, HO 2.1]
Content
This unit will develop your skills involving accounting and financial practice. This includes fundamental reporting processes involving the double-entry accounting system as well as reporting on different aspects of a business (such as assets, liabilities and revenue). You will also develop knowledge and skills in relation to capital structure, risk management and the cost of capital.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
1.2 Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Higher Order Thinking Skills (HO)
2.1 Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
2.2 Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Professional Communication (PC)
3.1 Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
3.2 Communicate effectively and professionally in oral forms, demonstrating information literacy and the ability to engage, inform, and influence diverse audiences using appropriate technologies and presentation formats across varied business contexts.
Teamwork & Self (TS)
4.1 Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
4.2 Collaborate effectively in diverse and digitally enabled team environments, applying teamwork knowledge and skills to achieve shared goals.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
5.2 Demonstrate and apply knowledge of socially responsible and sustainable business practices to address national and global business challenges in ways that create long-term value.
Learning Approaches
The teaching and learning strategies applied in this subject are intended to maximise your involvement with the practices and techniques that are presented, and to provide step-by-step support for their application to a range of problems relevant to the technical and professional role of financial accountants and managers. Weekly sessions will provide an introduction to the concepts and this will be supported by sessions designed to apply that knowledge through a wide range of problem-solving activities and case studies. In addition, opportunities will be provided to discuss and resolve any uncertainties that may arise in a smaller group setting.
Feedback on Learning and Assessment
You will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Financial Reporting Project
Acting in the role of an accountant, this assignment requires you to identify transactions that need to be recorded in the accounts of a business, record those transactions using an accounting software package, and generate appropriate financial reports.
The assignment has two parts:
(1) Part A (10%, due in Week 5): Use accounting software to set up a company and complete a set of initial business transactions.
(2) Part B (10%, due in Week 10): Journalise business transactions and adjustments, prepare and analyse financial reports.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.1)
Assessment: Capital Investment Report
You will be required to use financial information to evaluate investment projects.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Final Exam
The examination will consist of both practical and theoretical questions that will assess your knowledge of financial management and reporting and will examine work and concepts covered in Topics 1 to 12 inclusive.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
The late submission period does not apply, and no assignment extensions are available.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Weekly resources will be made available on the unit Canvas site.
Resource Materials
Prescribed text(s)
Miller-Nobles, Mattison, Matsumura, Best, Keene, Tan, Willett, Financial Accounting (Horngren's), 9th ED, Pearson.
Recommended text(s)
Nguyen, A., Fundamentals of Finance, 1st ED, Deakin University.
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate) 2027
HO (2.1): Critical Analysis
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Final Exam
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam
KS (1.2): Technical and Technological Skills
Relates to: ULO1, ULO3, Financial Reporting Project
SE (5.1): Ethical and Legal Understanding
Relates to: ULO2, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO1, ULO3, Financial Reporting Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Final Exam - Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
Relates to: ULO2, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO1, ULO3, Financial Reporting Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Final Exam - Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
Relates to: ULO2, Final Exam
Unit Outline: Semester 2 2027, Online
| Unit code: | AYB150 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | BSB107 OR BSD107 |
| Anti-requisite: | AYB106, AYB200, AYB201 |
Overview
In this unit you will develop fundamental skills in financial management and financial reporting. This includes gaining practical familiarity with the double-entry accounting system, as well as being able to record and report on various aspects of a business. Having gained a sound understanding of the accounting and reporting processes, you will develop knowledge and skills around how to evaluate an organisation's financial structure and manage its financial future.
Learning Outcomes
On successful completion of this unit you will be able to:
- Process transactions and prepare financial reports to provide information that enables users to make sound financial decisions. [KS 1.1, KS 1.2]
- Identify, analyse and explain specific technical, accounting and legal requirements in financial reporting. [KS 1.1, HO 2.2, SE 5.1]
- Use accounting software to record and analyse accounting data in order to produce accurate, relevant and reliable written accounting reports. [KS 1.1, KS 1.2]
- Explain how managers make financial decisions in relation to the management of risks, finances and profit distributions. [KS 1.1, HO 2.1]
Content
This unit will develop your skills involving accounting and financial practice. This includes fundamental reporting processes involving the double-entry accounting system as well as reporting on different aspects of a business (such as assets, liabilities and revenue). You will also develop knowledge and skills in relation to capital structure, risk management and the cost of capital.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
1.2 Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Higher Order Thinking Skills (HO)
2.1 Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
2.2 Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Professional Communication (PC)
3.1 Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
3.2 Communicate effectively and professionally in oral forms, demonstrating information literacy and the ability to engage, inform, and influence diverse audiences using appropriate technologies and presentation formats across varied business contexts.
Teamwork & Self (TS)
4.1 Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
4.2 Collaborate effectively in diverse and digitally enabled team environments, applying teamwork knowledge and skills to achieve shared goals.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
5.2 Demonstrate and apply knowledge of socially responsible and sustainable business practices to address national and global business challenges in ways that create long-term value.
Learning Approaches
The teaching and learning strategies applied in this subject are intended to maximise your involvement with the practices and techniques that are presented, and to provide step-by-step support for their application to a range of problems relevant to the technical and professional role of financial accountants and managers. Weekly sessions will provide an introduction to the concepts and this will be supported by sessions designed to apply that knowledge through a wide range of problem-solving activities and case studies. In addition, opportunities will be provided to discuss and resolve any uncertainties that may arise in a smaller group setting.
Feedback on Learning and Assessment
You will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Financial Reporting Project
Acting in the role of an accountant, this assignment requires you to identify transactions that need to be recorded in the accounts of a business, record those transactions using an accounting software package, and generate appropriate financial reports.
The assignment has two parts:
(1) Part A (10%, due in Week 5): Use accounting software to set up a company and complete a set of initial business transactions.
(2) Part B (10%, due in Week 10): Journalise business transactions and adjustments, prepare and analyse financial reports.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.1)
Assessment: Capital Investment Report
You will be required to use financial information to evaluate investment projects.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Final Exam
The examination will consist of both practical and theoretical questions that will assess your knowledge of financial management and reporting and will examine work and concepts covered in Topics 1 to 12 inclusive.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
The late submission period does not apply, and no assignment extensions are available.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Weekly resources will be made available on the unit Canvas site.
Resource Materials
Prescribed text(s)
Miller-Nobles, Mattison, Matsumura, Best, Keene, Tan, Willett, Financial Accounting (Horngren's), 9th ED, Pearson.
Recommended text(s)
Nguyen, A., Fundamentals of Finance, 1st ED, Deakin University.
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate) 2027
HO (2.1): Critical Analysis
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Final Exam
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam
KS (1.2): Technical and Technological Skills
Relates to: ULO1, ULO3, Financial Reporting Project
SE (5.1): Ethical and Legal Understanding
Relates to: ULO2, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO1, ULO3, Financial Reporting Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Final Exam - Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
Relates to: ULO2, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, ULO3, ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO1, ULO3, Financial Reporting Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO4, Financial Reporting Project, Capital Investment Report, Final Exam - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Final Exam - Demonstrate and apply knowledge of ethical and legal principles to analyse and respond to business issues with integrity, professionalism, and accountability.
Relates to: ULO2, Final Exam