AYB339 Accountancy Capstone
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: | AYB339 |
|---|---|
| Prerequisite(s): | 192 credit points must be completed prior to enrolling in this unit including successful completion of AYB340 Company Accounting |
| Equivalent(s): | AYX339 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,024 |
| International unit fee | $4,176 |
Unit Outline: Semester 1 2024, Gardens Point, Internal
| Unit code: | AYB339 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 192 credit points must be completed prior to enrolling in this unit including successful completion of AYB340 Company Accounting |
| Equivalent: | AYX339 |
| Coordinator: | Stephen Marsden | s.marsden@qut.edu.au |
Overview
One of the essential elements in the real world is the ability to solve unstructured, multi-disciplined accounting problems. This unit integrates elements of the accountancy discipline using a Problem-Based Learning (PBL) approach. The unit addresses issues faced by a professional advisor/consultant by presenting students with simulated real-world problems. These problems require students to work together in teams, research issues, gather information, and form conclusions. Students should therefore be better prepared for the various situations they will face in their accounting career.
Learning Outcomes
On successful completion of this unit you will be able to:
- Apply integrated, multidisciplinary accounting knowledge to explore and respond to client situations and needs.Relates to: UG Business Capabilities: KS (1.1)
- Make decisions and judgements to solve unstructured, multidisciplinary, client related accounting problemsRelates to: UG Business Capabilities: HO (2.2)
- Collaborate effectively with others to explore, discuss and solve accounting related problemsRelates to: UG Business Capabilities: TS (4.2)
- Reflect on and take responsibility for self learning and professional practice
Content
The following provides a brief overview of the five topics to be covered:
- Business Planning and Structuring;
- Operations/Transactions;
- Employment Issues;
- Reporting (Internal and External); and
- Taxation.
Refer to the AYB339 unit Canvas site for a more detailed schedule.
The generic capabilities this unit develops are:
- discipline knowledge;
- critical thinking and judgement skills;
- self reflection; and
- teamwork skills.
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 and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgment and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies in this unit are designed to facilitate the aims and objectives of the unit. Accountancy Capstone is based on a Problem-Based Learning (PBL) model/approach. The unit adopts a 'less teaching, more learning' philosophy. The emphasis of Accountancy Capstone is on active problem solving, rather than on technical content.
AYB339 takes a very practical, hands-on approach with students working together in groups discussing and solving real-world client problems. AYB339 will attempt to simulate the role of the professional advisor dealing with clients.
In the first discussion forum (which commences in Week 1), students will be asked to form into groups of four or five. Groups will remain intact for the entire semester to simulate the real world workplace where groups with varying skills work together on specific projects - in this case to discuss and solve unstructured accounting-related problems typically encountered by graduates entering the profession.
Each discussion forum will operate with a maximum of four groups. A sample PBL will be shown to students in the first discussion forum, so they can get an idea as to what a PBL looks like and to practice the problem-solving methodology applicable to this unit.
There are no lectures or lecture notes in AYB339. Instead, for each of the five topics (which span a total of ten weeks), students are expected to download the Powerpoint Slides from the AYB339 Canvas site and thoroughly review them before attending their discussion forum as they form the basis for each topic. The slides provide reference material. From this point onwards, students are responsible for their own learning and gathering information on the content of each topic.
The discussion forums are conducted in the presence of a facilitator (acting in the capacity of the client). The facilitator's role will be to guide students through the problem solving process, rather than to coach them or provide them with the answers to each problem.
For each of the five topics, students will be presented with two problems (referred to as 'PBLs') across each of the five topics. Working together in groups of 4 or 5, students will discuss, research and solve practical, real-world, unstructured, multidimensional accounting problems typically encountered by graduate accountants working in the business services/advisory division of a public accounting firm. In a 'flipped classroom' environment, students take on the persona of a professional advisor/consultant and the teaching staff (ie. the facilitator) takes on the role of the client.
The facilitator will move between each group (whether it be in the physical classroom or in a virtual classroom where students are allocated into breakout groups) and visit each group and observe first-hand the efforts of students, their contribution to group discussion and witness the process that each group takes to solve each problem.
As each problem presented to students have limited facts, each group is expected to formulate additional questions to ask of the facilitator (ie. the client) who will provide the appropriate responses to each question asked. This process is designed to simulate the fact that in the real world, the client meets with their professional advisor to ask questions to their client in order to gain additional facts in order to research (and solve) the problem.
The ability to ask the 'right' questions is a key element of the unit. If the "right” question(s) are not asked, students will not be provided with the additional information. This may severely limit the group’s ability to come to an appropriate recommendation.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in relation to the client meeting/interview
- Formal: combination of written and verbal feedback in relation to the group's response to PBL 1 and verbal feedback in relation to the group's response to PBL 2.
- 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).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Problem based learning tasks
As a team of accountants, you will consider unstructured, multidisciplinary, client related accounting problems typically encountered in professional practice and make decisions and recommend solutions.
The client (facilitator) will spend approximately 20 to 25 minutes of class time each week with each group assessing the group interactions and answering individual student's client questions.
Individual participation is worth a total of 12%.
Formative or Summative: All marks awarded in respect of Topic 1 are formative, whilst Topics 2, 3, 4 and 5 are summative.
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.2) TS (4.2)
No extension is available for this assignment.
Assessment: Integrated Case Study
In the role of an accountant, you will review a client's MYOB accounting data file and make appropriate end-of-year adjustments to the data file. You will prepare an annual report for the client (which incorporates the external financial statements prepared in accordance with the AASB Accounting Standards), draft the client's income tax return and prepare a tax reconciliation. In addition you will undertake a reflection task.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), TS (4.1)
This is an assignment for the purposes of an extension.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
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.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
There are no prescribed texts for this unit. However, as Accountancy Capstone draws together elements from other units in the accountancy degree, students are encouraged to refer to textbooks and materials used in other units studied in their degree.
Furthermore, there are no detailed notes for this unit. Instead, students are responsible for their own learning and gathering information on the content of each topic.
However, for each of the five topics, a set of Powerpoint slides summarising the most important aspects of each topic will be placed on the AYB339 Canvas site for students to download and review before each discussion forum.
Other
Students would normally be expected to print Powerpoint slides and the integrated case study from the AYB339 Canvas site.
The integrated case study requires students to access and use MYOB. A link to download the MYOB educational software version will be made available on the AYB339 Canvas site. Students will need to be familiar with the use and application of MYOB.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Problem based learning tasks, Integrated Case Study
KS (1.1): Discipline Knowledge
Relates to: ULO1, Problem based learning tasks, Integrated Case Study
PC (3.2): Professional Communication (Oral)
Relates to: ULO4, Problem based learning tasks
TS (4.1): Self-Reflection and Accountability
Relates to: ULO4, Integrated Case Study
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO3, Problem based learning tasks
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 discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Problem based learning tasks, Integrated Case Study - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Problem based learning tasks, Integrated Case Study - Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Relates to: ULO4, Problem based learning tasks - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4, Integrated Case Study - Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Relates to: ULO3, Problem based learning tasks
Unit Outline: Semester 1 2024, Online
| Unit code: | AYB339 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 192 credit points must be completed prior to enrolling in this unit including successful completion of AYB340 Company Accounting |
| Equivalent: | AYX339 |
Overview
One of the essential elements in the real world is the ability to solve unstructured, multi-disciplined accounting problems. This unit integrates elements of the accountancy discipline using a Problem-Based Learning (PBL) approach. The unit addresses issues faced by a professional advisor/consultant by presenting students with simulated real-world problems. These problems require students to work together in teams, research issues, gather information, and form conclusions. Students should therefore be better prepared for the various situations they will face in their accounting career.
Learning Outcomes
On successful completion of this unit you will be able to:
- Apply integrated, multidisciplinary accounting knowledge to explore and respond to client situations and needs.Relates to: UG Business Capabilities: KS (1.1)
- Make decisions and judgements to solve unstructured, multidisciplinary, client related accounting problemsRelates to: UG Business Capabilities: HO (2.2)
- Collaborate effectively with others to explore, discuss and solve accounting related problemsRelates to: UG Business Capabilities: TS (4.2)
- Reflect on and take responsibility for self learning and professional practice
Content
The following provides a brief overview of the five topics to be covered:
- Business Planning and Structuring;
- Operations/Transactions;
- Employment Issues;
- Reporting (Internal and External); and
- Taxation.
Refer to the AYB339 unit Canvas site for a more detailed schedule.
The generic capabilities this unit develops are:
- discipline knowledge;
- critical thinking and judgement skills;
- self reflection; and
- teamwork skills.
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 and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgment and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies in this unit are designed to facilitate the aims and objectives of the unit. Accountancy Capstone is based on a Problem-Based Learning (PBL) model/approach. The unit adopts a 'less teaching, more learning' philosophy. The emphasis of Accountancy Capstone is on active problem solving, rather than on technical content.
AYB339 takes a very practical, hands-on approach with students working together in groups discussing and solving real-world client problems. AYB339 will attempt to simulate the role of the professional advisor dealing with clients.
In the first discussion forum (which commences in Week 1), students will be asked to form into groups of four or five. Groups will remain intact for the entire semester to simulate the real world workplace where groups with varying skills work together on specific projects - in this case to discuss and solve unstructured accounting-related problems typically encountered by graduates entering the profession.
Each discussion forum will operate with a maximum of four groups. A sample PBL will be shown to students in the first discussion forum, so they can get an idea as to what a PBL looks like and to practice the problem-solving methodology applicable to this unit.
There are no lectures or lecture notes in AYB339. Instead, for each of the five topics (which span a total of ten weeks), students are expected to download the Powerpoint Slides from the AYB339 Canvas site and thoroughly review them before attending their discussion forum as they form the basis for each topic. The slides provide reference material. From this point onwards, students are responsible for their own learning and gathering information on the content of each topic.
The discussion forums are conducted in the presence of a facilitator (acting in the capacity of the client). The facilitator's role will be to guide students through the problem solving process, rather than to coach them or provide them with the answers to each problem.
For each of the five topics, students will be presented with two problems (referred to as 'PBLs') across each of the five topics. Working together in groups of 4 or 5, students will discuss, research and solve practical, real-world, unstructured, multidimensional accounting problems typically encountered by graduate accountants working in the business services/advisory division of a public accounting firm. In a 'flipped classroom' environment, students take on the persona of a professional advisor/consultant and the teaching staff (ie. the facilitator) takes on the role of the client.
The facilitator will move between each group (whether it be in the physical classroom or in a virtual classroom where students are allocated into breakout groups) and visit each group and observe first-hand the efforts of students, their contribution to group discussion and witness the process that each group takes to solve each problem.
As each problem presented to students have limited facts, each group is expected to formulate additional questions to ask of the facilitator (ie. the client) who will provide the appropriate responses to each question asked. This process is designed to simulate the fact that in the real world, the client meets with their professional advisor to ask questions to their client in order to gain additional facts in order to research (and solve) the problem.
The ability to ask the 'right' questions is a key element of the unit. If the "right” question(s) are not asked, students will not be provided with the additional information. This may severely limit the group’s ability to come to an appropriate recommendation.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in relation to the client meeting/interview
- Formal: combination of written and verbal feedback in relation to the group's response to PBL 1 and verbal feedback in relation to the group's response to PBL 2.
- 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).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Problem based learning tasks
As a team of accountants, you will consider unstructured, multidisciplinary, client related accounting problems typically encountered in professional practice and make decisions and recommend solutions.
The client (facilitator) will spend approximately 20 to 25 minutes of class time each week with each group assessing the group interactions and answering individual student's client questions.
Individual participation is worth a total of 12%.
Formative or Summative: All marks awarded in respect of Topic 1 are formative, whilst Topics 2, 3, 4 and 5 are summative.
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.2) TS (4.2)
No extension is available for this assignment.
Assessment: Integrated Case Study
In the role of an accountant, you will review a client's MYOB accounting data file and make appropriate end-of-year adjustments to the data file. You will prepare an annual report for the client (which incorporates the external financial statements prepared in accordance with the AASB Accounting Standards), draft the client's income tax return and prepare a tax reconciliation. In addition you will undertake a reflection task.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), TS (4.1)
This is an assignment for the purposes of an extension.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
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.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
There are no prescribed texts for this unit. However, as Accountancy Capstone draws together elements from other units in the accountancy degree, students are encouraged to refer to textbooks and materials used in other units studied in their degree.
Furthermore, there are no detailed notes for this unit. Instead, students are responsible for their own learning and gathering information on the content of each topic.
However, for each of the five topics, a set of Powerpoint slides summarising the most important aspects of each topic will be placed on the AYB339 Canvas site for students to download and review before each discussion forum.
Other
Students would normally be expected to print Powerpoint slides and the integrated case study from the AYB339 Canvas site.
The integrated case study requires students to access and use MYOB. A link to download the MYOB educational software version will be made available on the AYB339 Canvas site. Students will need to be familiar with the use and application of MYOB.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Problem based learning tasks, Integrated Case Study
KS (1.1): Discipline Knowledge
Relates to: ULO1, Problem based learning tasks, Integrated Case Study
PC (3.2): Professional Communication (Oral)
Relates to: ULO4, Problem based learning tasks
TS (4.1): Self-Reflection and Accountability
Relates to: ULO4, Integrated Case Study
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO3, Problem based learning tasks
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 discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Problem based learning tasks, Integrated Case Study - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Problem based learning tasks, Integrated Case Study - Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Relates to: ULO4, Problem based learning tasks - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4, Integrated Case Study - Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Relates to: ULO3, Problem based learning tasks
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | AYB339 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 192 credit points must be completed prior to enrolling in this unit including successful completion of AYB340 Company Accounting |
| Equivalent: | AYX339 |
| Coordinator: | Stephen Marsden | s.marsden@qut.edu.au |
Overview
One of the essential elements in the real world is the ability to solve unstructured, multi-disciplined accounting problems. This unit integrates elements of the accountancy discipline using a Problem-Based Learning (PBL) approach. The unit addresses issues faced by a professional advisor/consultant by presenting students with simulated real-world problems. These problems require students to work together in teams, research issues, gather information, and form conclusions. Students should therefore be better prepared for the various situations they will face in their accounting career.
Learning Outcomes
On successful completion of this unit you will be able to:
- Apply integrated, multidisciplinary accounting knowledge to explore and respond to client situations and needs.Relates to: UG Business Capabilities: KS (1.1)
- Make decisions and judgements to solve unstructured, multidisciplinary, client related accounting problemsRelates to: UG Business Capabilities: HO (2.2)
- Collaborate effectively with others to explore, discuss and solve accounting related problemsRelates to: UG Business Capabilities: TS (4.2)
- Reflect on and take responsibility for self learning and professional practice
Content
The following provides a brief overview of the five topics to be covered:
- Business Planning and Structuring;
- Operations/Transactions;
- Employment Issues;
- Reporting (Internal and External); and
- Taxation.
Refer to the AYB339 unit Canvas site for a more detailed schedule.
The generic capabilities this unit develops are:
- discipline knowledge;
- critical thinking and judgement skills;
- self reflection; and
- teamwork skills.
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 and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgment and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies in this unit are designed to facilitate the aims and objectives of the unit. Accountancy Capstone is based on a Problem-Based Learning (PBL) model/approach. The unit adopts a 'less teaching, more learning' philosophy. The emphasis of Accountancy Capstone is on active problem solving, rather than on technical content.
AYB339 takes a very practical, hands-on approach with students working together in groups discussing and solving real-world client problems. AYB339 will attempt to simulate the role of the professional advisor dealing with clients.
In the first discussion forum (which commences in Week 1), students will be asked to form into groups of four or five. Groups will remain intact for the entire semester to simulate the real world workplace where groups with varying skills work together on specific projects - in this case to discuss and solve unstructured accounting-related problems typically encountered by graduates entering the profession.
Each discussion forum will operate with a maximum of four groups. A sample PBL will be shown to students in the first discussion forum, so they can get an idea as to what a PBL looks like and to practice the problem-solving methodology applicable to this unit.
There are no lectures or lecture notes in AYB339. Instead, for each of the five topics (which span a total of ten weeks), students are expected to download the Powerpoint Slides from the AYB339 Canvas site and thoroughly review them before attending their discussion forum as they form the basis for each topic. The slides provide reference material. From this point onwards, students are responsible for their own learning and gathering information on the content of each topic.
The discussion forums are conducted in the presence of a facilitator (acting in the capacity of the client). The facilitator's role will be to guide students through the problem solving process, rather than to coach them or provide them with the answers to each problem.
For each of the five topics, students will be presented with two problems (referred to as 'PBLs') across each of the five topics. Working together in groups of 4 or 5, students will discuss, research and solve practical, real-world, unstructured, multidimensional accounting problems typically encountered by graduate accountants working in the business services/advisory division of a public accounting firm. In a 'flipped classroom' environment, students take on the persona of a professional advisor/consultant and the teaching staff (ie. the facilitator) takes on the role of the client.
The facilitator will move between each group (whether it be in the physical classroom or in a virtual classroom where students are allocated into breakout groups) and visit each group and observe first-hand the efforts of students, their contribution to group discussion and witness the process that each group takes to solve each problem.
As each problem presented to students have limited facts, each group is expected to formulate additional questions to ask of the facilitator (ie. the client) who will provide the appropriate responses to each question asked. This process is designed to simulate the fact that in the real world, the client meets with their professional advisor to ask questions to their client in order to gain additional facts in order to research (and solve) the problem.
The ability to ask the 'right' questions is a key element of the unit. If the "right” question(s) are not asked, students will not be provided with the additional information. This may severely limit the group’s ability to come to an appropriate recommendation.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in relation to the client meeting/interview
- Formal: combination of written and verbal feedback in relation to the group's response to PBL 1 and verbal feedback in relation to the group's response to PBL 2.
- 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).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Problem based learning tasks
As a team of accountants, you will consider unstructured, multidisciplinary, client related accounting problems typically encountered in professional practice and make decisions and recommend solutions.
The client (facilitator) will spend approximately 20 to 25 minutes of class time each week with each group assessing the group interactions and answering individual student's client questions.
Individual participation is worth a total of 12%.
Formative or Summative: All marks awarded in respect of Topic 1 are formative, whilst Topics 2, 3, 4 and 5 are summative.
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.2) TS (4.2)
No extension is available for this assignment.
Assessment: Integrated Case Study
In the role of an accountant, you will review a client's MYOB accounting data file and make appropriate end-of-year adjustments to the data file. You will prepare an annual report for the client (which incorporates the external financial statements prepared in accordance with the AASB Accounting Standards), draft the client's income tax return and prepare a tax reconciliation. In addition you will undertake a reflection task.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), TS (4.1)
This is an assignment for the purposes of an extension.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
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.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
There are no prescribed texts for this unit. However, as Accountancy Capstone draws together elements from other units in the accountancy degree, students are encouraged to refer to textbooks and materials used in other units studied in their degree.
Furthermore, there are no detailed notes for this unit. Instead, students are responsible for their own learning and gathering information on the content of each topic.
However, for each of the five topics, a set of Powerpoint slides summarising the most important aspects of each topic will be placed on the AYB339 Canvas site for students to download and review before each discussion forum.
Other
Students would normally be expected to print Powerpoint slides and the integrated case study from the AYB339 Canvas site.
The integrated case study requires students to access and use MYOB. A link to download the MYOB educational software version will be made available on the AYB339 Canvas site. Students will need to be familiar with the use and application of MYOB.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Problem based learning tasks, Integrated Case Study
KS (1.1): Discipline Knowledge
Relates to: ULO1, Problem based learning tasks, Integrated Case Study
PC (3.2): Professional Communication (Oral)
Relates to: ULO4, Problem based learning tasks
TS (4.1): Self-Reflection and Accountability
Relates to: ULO4, Integrated Case Study
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO3, Problem based learning tasks
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 discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Problem based learning tasks, Integrated Case Study - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Problem based learning tasks, Integrated Case Study - Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Relates to: ULO4, Problem based learning tasks - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4, Integrated Case Study - Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Relates to: ULO3, Problem based learning tasks
Unit Outline: Semester 2 2024, Online
| Unit code: | AYB339 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 192 credit points must be completed prior to enrolling in this unit including successful completion of AYB340 Company Accounting |
| Equivalent: | AYX339 |
Overview
One of the essential elements in the real world is the ability to solve unstructured, multi-disciplined accounting problems. This unit integrates elements of the accountancy discipline using a Problem-Based Learning (PBL) approach. The unit addresses issues faced by a professional advisor/consultant by presenting students with simulated real-world problems. These problems require students to work together in teams, research issues, gather information, and form conclusions. Students should therefore be better prepared for the various situations they will face in their accounting career.
Learning Outcomes
On successful completion of this unit you will be able to:
- Apply integrated, multidisciplinary accounting knowledge to explore and respond to client situations and needs.Relates to: UG Business Capabilities: KS (1.1)
- Make decisions and judgements to solve unstructured, multidisciplinary, client related accounting problemsRelates to: UG Business Capabilities: HO (2.2)
- Collaborate effectively with others to explore, discuss and solve accounting related problemsRelates to: UG Business Capabilities: TS (4.2)
- Reflect on and take responsibility for self learning and professional practice
Content
The following provides a brief overview of the five topics to be covered:
- Business Planning and Structuring;
- Operations/Transactions;
- Employment Issues;
- Reporting (Internal and External); and
- Taxation.
Refer to the AYB339 unit Canvas site for a more detailed schedule.
The generic capabilities this unit develops are:
- discipline knowledge;
- critical thinking and judgement skills;
- self reflection; and
- teamwork skills.
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 and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgment and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies in this unit are designed to facilitate the aims and objectives of the unit. Accountancy Capstone is based on a Problem-Based Learning (PBL) model/approach. The unit adopts a 'less teaching, more learning' philosophy. The emphasis of Accountancy Capstone is on active problem solving, rather than on technical content.
AYB339 takes a very practical, hands-on approach with students working together in groups discussing and solving real-world client problems. AYB339 will attempt to simulate the role of the professional advisor dealing with clients.
In the first discussion forum (which commences in Week 1), students will be asked to form into groups of four or five. Groups will remain intact for the entire semester to simulate the real world workplace where groups with varying skills work together on specific projects - in this case to discuss and solve unstructured accounting-related problems typically encountered by graduates entering the profession.
Each discussion forum will operate with a maximum of four groups. A sample PBL will be shown to students in the first discussion forum, so they can get an idea as to what a PBL looks like and to practice the problem-solving methodology applicable to this unit.
There are no lectures or lecture notes in AYB339. Instead, for each of the five topics (which span a total of ten weeks), students are expected to download the Powerpoint Slides from the AYB339 Canvas site and thoroughly review them before attending their discussion forum as they form the basis for each topic. The slides provide reference material. From this point onwards, students are responsible for their own learning and gathering information on the content of each topic.
The discussion forums are conducted in the presence of a facilitator (acting in the capacity of the client). The facilitator's role will be to guide students through the problem solving process, rather than to coach them or provide them with the answers to each problem.
For each of the five topics, students will be presented with two problems (referred to as 'PBLs') across each of the five topics. Working together in groups of 4 or 5, students will discuss, research and solve practical, real-world, unstructured, multidimensional accounting problems typically encountered by graduate accountants working in the business services/advisory division of a public accounting firm. In a 'flipped classroom' environment, students take on the persona of a professional advisor/consultant and the teaching staff (ie. the facilitator) takes on the role of the client.
The facilitator will move between each group (whether it be in the physical classroom or in a virtual classroom where students are allocated into breakout groups) and visit each group and observe first-hand the efforts of students, their contribution to group discussion and witness the process that each group takes to solve each problem.
As each problem presented to students have limited facts, each group is expected to formulate additional questions to ask of the facilitator (ie. the client) who will provide the appropriate responses to each question asked. This process is designed to simulate the fact that in the real world, the client meets with their professional advisor to ask questions to their client in order to gain additional facts in order to research (and solve) the problem.
The ability to ask the 'right' questions is a key element of the unit. If the "right” question(s) are not asked, students will not be provided with the additional information. This may severely limit the group’s ability to come to an appropriate recommendation.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in relation to the client meeting/interview
- Formal: combination of written and verbal feedback in relation to the group's response to PBL 1 and verbal feedback in relation to the group's response to PBL 2.
- 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).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Problem based learning tasks
As a team of accountants, you will consider unstructured, multidisciplinary, client related accounting problems typically encountered in professional practice and make decisions and recommend solutions.
The client (facilitator) will spend approximately 20 to 25 minutes of class time each week with each group assessing the group interactions and answering individual student's client questions.
Individual participation is worth a total of 12%.
Formative or Summative: All marks awarded in respect of Topic 1 are formative, whilst Topics 2, 3, 4 and 5 are summative.
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.2) TS (4.2)
No extension is available for this assignment.
Assessment: Integrated Case Study
In the role of an accountant, you will review a client's MYOB accounting data file and make appropriate end-of-year adjustments to the data file. You will prepare an annual report for the client (which incorporates the external financial statements prepared in accordance with the AASB Accounting Standards), draft the client's income tax return and prepare a tax reconciliation. In addition you will undertake a reflection task.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), TS (4.1)
This is an assignment for the purposes of an extension.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
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.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
There are no prescribed texts for this unit. However, as Accountancy Capstone draws together elements from other units in the accountancy degree, students are encouraged to refer to textbooks and materials used in other units studied in their degree.
Furthermore, there are no detailed notes for this unit. Instead, students are responsible for their own learning and gathering information on the content of each topic.
However, for each of the five topics, a set of Powerpoint slides summarising the most important aspects of each topic will be placed on the AYB339 Canvas site for students to download and review before each discussion forum.
Other
Students would normally be expected to print Powerpoint slides and the integrated case study from the AYB339 Canvas site.
The integrated case study requires students to access and use MYOB. A link to download the MYOB educational software version will be made available on the AYB339 Canvas site. Students will need to be familiar with the use and application of MYOB.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Problem based learning tasks, Integrated Case Study
KS (1.1): Discipline Knowledge
Relates to: ULO1, Problem based learning tasks, Integrated Case Study
PC (3.2): Professional Communication (Oral)
Relates to: ULO4, Problem based learning tasks
TS (4.1): Self-Reflection and Accountability
Relates to: ULO4, Integrated Case Study
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO3, Problem based learning tasks
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 discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Problem based learning tasks, Integrated Case Study - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Problem based learning tasks, Integrated Case Study - Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Relates to: ULO4, Problem based learning tasks - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4, Integrated Case Study - Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Relates to: ULO3, Problem based learning tasks