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Unit outline_

ACCT6019: Analytics for Accounting

Semester 2, 2024 [Normal day] - Camperdown/Darlington, Sydney

This unit develops the fundamentals for data analytics for accounting. It considers how the mega-trend of 'Big Data' and artificial intelligence is impacting and shaping current accounting-based data for business analysis and decision support, financial reporting, and auditing practices and their likely impact on future practices. This UoS also develops skills in the application of basic accounting analytics. It explores how data analytic applications and techniques are currently used in accounting practice; and the potential of these techniques to shape future practices in specific areas such as accounting measurement and forecasting, audit sampling the timing and frequency of reporting (as examples) and even the substitution of accounting information for decision support purposes.

Unit details and rules

Academic unit Accounting
Credit points 6
Prerequisites
? 
ACCT5001 and QBUS5002
Corequisites
? 
None
Prohibitions
? 
None
Assumed knowledge
? 

None

Available to study abroad and exchange students

Yes

Teaching staff

Coordinator Paul Blayney, paul.blayney@sydney.edu.au
The census date for this unit availability is 2 September 2024
Type Description Weight Due Length
Supervised exam
? 
hurdle task
Final exam
The final exam will cover the material from topics 1-12 inclusive.
50% Formal exam period 2 hours
Outcomes assessed: LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10
Supervised test
? 
In-semester test
Closed book test on topics from week1 to week 6 inclusive.
20% Week 07
Due date: 14 Sep 2024 at 18:10
1 hour
Outcomes assessed: LO1 LO2 LO3 LO4 LO7 LO8 LO9 LO10
Assignment Individual assignment
Component 1: Business Analytics Component 2: Power BI
30% Week 13
Due date: 01 Nov 2024 at 23:59

Closing date: 15 Nov 2024
Component 1: 2500 words Component 2: N/A
Outcomes assessed: LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10
hurdle task = hurdle task ?

Assessment summary

  • Final exam: The final exam will cover the material from topics 1-12 inclusive. The final exam is a closed book examination. The final exam is a HURDLE TASK which means you must undertake the exam and achieve a mark above a minimum standard. Students who fail to achieve this minimum standard in this assessment, even when their aggregate mark for the entire unit is above 50%, will be given a Fail grade for the unit. As a result a student's academic transcript will show a Fail grade with the actual mark achieved if between 0-49 and a Fail grade with a capped moderated mark of 49 for all other marks. The hurdle mark for this assessment is 45%.

Detailed information for each assessment can be found on Canvas.

Assessment criteria

In accordance with University policy, the following penalties will be applied when the assignment is submitted after 11:59 pm on the due date:
1. Deduction of 5% of the maximum mark for each calendar day after the due date.
2. After ten calendar days late, a mark of zero will be awarded

The University awards common result grades, set out in the Coursework Policy (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Distinction

75 - 84

Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Credit

65 - 74

Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Pass

50 - 64

Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

Use of generative artificial intelligence (AI) and automated writing tools

You may only use generative AI and automated writing tools in assessment tasks if you are permitted to by your unit coordinator. If you do use these tools, you must acknowledge this in your work, either in a footnote or an acknowledgement section. The assessment instructions or unit outline will give guidance of the types of tools that are permitted and how the tools should be used.

Your final submitted work must be your own, original work. You must acknowledge any use of generative AI tools that have been used in the assessment, and any material that forms part of your submission must be appropriately referenced. For guidance on how to acknowledge the use of AI, please refer to the AI in Education Canvas site.

The unapproved use of these tools or unacknowledged use will be considered a breach of the Academic Integrity Policy and penalties may apply.

Studiosity is permitted unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission as detailed on the Learning Hub’s Canvas page.

Outside assessment tasks, generative AI tools may be used to support your learning. The AI in Education Canvas site contains a number of productive ways that students are using AI to improve their learning.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

Support for students

The Support for Students Policy 2023 reflects the University’s commitment to supporting students in their academic journey and making the University safe for students. It is important that you read and understand this policy so that you are familiar with the range of support services available to you and understand how to engage with them.

The University uses email as its primary source of communication with students who need support under the Support for Students Policy 2023. Make sure you check your University email regularly and respond to any communications received from the University.

Learning resources and detailed information about weekly assessment and learning activities can be accessed via Canvas. It is essential that you visit your unit of study Canvas site to ensure you are up to date with all of your tasks.

If you are having difficulties completing your studies, or are feeling unsure about your progress, we are here to help. You can access the support services offered by the University at any time:

Support and Services (including health and wellbeing services, financial support and learning support)
Course planning and administration
Meet with an Academic Adviser

WK Topic Learning activity Learning outcomes
Week 01 Introduction to the unit Lecture and tutorial (2 hr) LO1
Week 02 Data Issues in Accounting – Big Data Sources Lecture and tutorial (3 hr) LO1 LO3 LO7 LO9
Week 03 Data Issues in Accounting – Enterprise Level Lecture and tutorial (3 hr) LO1 LO3 LO7 LO9
Week 04 Data Issues in Auditing Lecture and tutorial (3 hr) LO1 LO3 LO7 LO9
Week 05 Introduction to Power BI Lecture and tutorial (3 hr) LO3 LO7 LO9
Week 06 The Power Query Editor Lecture and tutorial (3 hr) LO3 LO7 LO9
Week 07 Power BI Visualisations Lecture and tutorial (3 hr) LO3 LO7 LO9
Week 08 DAX (Data Analysis Expressions) Lecture and tutorial (3 hr) LO3 LO7 LO9
Week 09 Introduction to Machine learning analysis I Lecture and tutorial (3 hr) LO1 LO3 LO5 LO7 LO9
Week 10 Introduction to Machine learning analysis II Lecture and tutorial (3 hr) LO1 LO3 LO5 LO7 LO9
Week 11 Alternative machine learning methods (gradient boosting, random forests, deep learning) Lecture and tutorial (3 hr) LO1 LO3 LO5 LO7 LO9
Week 12 Alternative machine learning continued (including text mining) Lecture and tutorial (3 hr) LO1 LO3 LO5 LO7 LO9
Week 13 Revision Lecture and tutorial (2 hr) LO1 LO3 LO5 LO7 LO9

Attendance and class requirements

Lecture recordings: All lectures and seminars are recorded and will be available on Canvas for student use. Please note the Business School does not own the system and cannot guarantee that the system will operate or that every class will be recorded. Students should ensure they attend and participate in all classes.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. Identify and describe various accounting issues in the context of Big Data and the 4th industrial revolution.
  • LO2. Identify and use advanced analytical tools such as the Big Data analytical tools used in machine learning.
  • LO3. Analyse and critically evaluate highly complex real data problems within real-world constraints.
  • LO4. Critically evaluate the advantages and limitations of various analytical tools.
  • LO5. Identify appropriate data analytic and machine learning tools for business decision making within the context of accounting and Big Data issues.
  • LO6. Evaluate high-velocity information and apply data analytics skills to improve effectiveness, efficiency and efficacy in various problem-solving tasks.
  • LO7. Develop verbal and written communication skills within the context of accounting and Big Data considerations.
  • LO8. Interpret the outputs of various data analytic techniques and communicate those outputs to decision makers.
  • LO9. Describe the foundation of ethical & privacy principles within the context of accounting and Big Data issues.
  • LO10. Explain the basis of ethical & privacy principles required for the interpretation and application of various data analytic outputs.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

Student feedback for this unit has been considered and prompted several changes in content detail & delivery.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.