Unit Outline
BFA392
Accounting Futures
Semester 2, 2024
Paul Taranto
Tasmanian School of Business & Economics (TSBE)
College of Business and Economics
CRICOS Provider Code: 00586B

Unit Coordinator
Paul Taranto
Email: Paul.Taranto@utas.edu.au
What is the Unit About?
Unit Description
 

Organisations expect graduate accountants to be able to consolidate their technical knowledge and apply it to a range of business contexts which are often ambiguous and changing. Accountants and finance professionals are increasingly involved in cross disciplinary teams which requires a high level of business acumen to relate accounting and financial information to the whole business and real-world contexts. In this unit, you will have the opportunity to demonstrate the consolidation of knowledge gained throughout your degree to solve problems, make judgements, and communicate recommendations. In this unit, you will use reflective practice as a key tool for understanding the modern workplace. By reflecting on your industry experiences and considering your personal career plans, you will gain valuable insights into the contemporary professional landscape.
Intended Learning Outcomes
As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.
On completion of this unit, you will be able to:
1
Analyse business information to make accountability and accounting recommendations.
2
Formulate relevant responses to business situations and contexts.
3
Demonstrate communication skills suitable to a professional audience.
4
Critically reflect on engagements with industry.
Requisites
REQUISITE TYPE
REQUISITES
Pre-requisite
BFA203
Alterations as a result of student feedback
To Be Determined. 
 
 

Teaching arrangements
ATTENDANCE MODE
TEACHING TYPE
LEARNING ACTIVITY
CONTACT HOURS
FREQUENCY
On Campus
Workshop
Introductory 1h workshop, Week 1
1
Once only
Lecture (Online)
Pre-recorded 1h lecture, once a week
1
Weekly
Workshop
2h workshop, fortnightly, commencing in Week 2
2
1 time per fortnight
Independent Learning
5h independent learning
5
Weekly
Online
Online Class
Introductory 1h workshop, Week 1
1
Once only
Lecture (Online)
Pre-recorded 1h lecture, once a week
1
Weekly
Online Class
1h workshop, weekly, commencing in Week 2
1
Weekly
Independent Learning
5h independent learning
5
Weekly
Attendance / engagement expectations
If your unit is offered On campus, it is expected that you will attend all on-campus and onsite learning activities. This is to support your own learning and the development of a learning community within the unit. If you are unable to attend regularly, please discuss the situation with your course coordinator and/or our UConnect support team.

If your unit is offered Online or includes online activities, it is expected you will engage in all those activities as indicated in the Unit Outline or MyLO, including any self-directed learning.

If you miss a learning activity for a legitimate reason (e.g., illness, carer responsibilities) teaching staff will attempt to provide alternative activities (e.g., make up readings) where it is possible.
 
The Tasmanian School of Business and Economics regularly hosts Masterclasses and Industry Engagement and Employability Events, which students are encouraged to attend. Registration and details will be available via the College of Business and Economics channel on the Uni App and/or via your Unit Coordinator.
 
 
 

How will I be Assessed?
 
For more detailed assessment information please see MyLO.
Assessment schedule
ASSESSMENT TASK #
ASSESSMENT TASK NAME
DATE DUE
WEIGHT
LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:
Contemporary Accounting Issues for Industry
Week 4
20 %
LO1, LO3, LO4
Assessment Task 2:
Project based on industry provided case studies
Week 9
40 %
LO1, LO2, LO3
Assessment Task 3:
Industry experience
Week 12
40 %
LO1, LO2, LO3, LO4
 
Assessment details
Assessment Task 1: Contemporary Accounting Issues for Industry
Task Description:
You will choose a contemporary accounting issue and prepare a report discussing its relevance to the future of the accounting industry. As part of your discussion, you should relate the issue to an organisation known to you.
Task Length:
1,000 words.
Due Date:
Week 4
Weight:
20 %
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Analyse information in the context of the future of accounting careers and the industry.
LO1
2
Communicate information using styles and formats suitable for a professional audience.
LO3
3
Evaluate the business context for specialty and emerging areas relevant to clients or other stakeholders
LO4
 
Assessment Task 2: Project based on industry provided case studies
Task Description:
A case study for a business will be provided for you to work as a team to analyse, interpret and make recommendations. The case study will require you to apply relevant cross-discipline learnings, including consideration of relevant sustainable development goals. Your recommendations should reflect an understanding of the broader business and economic environment that the business operates in. You will present your recommendations individually, in a workshop time designated to you.
Task Length:
2,000 words plus presentation
Due Date:
Week 9
Weight:
40 %
 
 

CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Apply accounting knowledge and techniques to interpret financial and business information
LO1
2
Consider relevant Sustainable Development Goals to make accountability recommendations
LO1
3
Use judgment to make accountability and accounting recommendations
LO1
4
Formulate relevant responses to business situations and contexts
LO2
5
Communicate information using styles and formats suitable for a professional audience
LO3
6
Reflect on the role of teamwork, referencing models and contemporary workplace practices
LO3
 
Assessment Task 3: Industry experience
Task Description:
Participate and report on a boardroom, specialty clinic, workplace and/or mentor experience.
You will reflect on this experience, and consider its relevance to future career opportunities. Your reflection should incorporate feedback from a mentor or supervisor and make recommendations for how the experience may have been improved from a stakeholder perspective. As part of your experience, you will be required to participate in a facilitated group discussion where you will share reflections from your experience with your peers.
Task Length:
Participation, Report and Group Discussion - 2,000 words.
Due Date:
Week 12
Weight:
40 %
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Analyse your experience in the context of the sustainability of accounting careers and the profession
LO1
2
Make recommendations for how the experience could have been improved from various stakeholder perspectives
LO1
3
Actively participate in an industry experience by formulating relevant responses to situations and contexts
LO2
4
Communicate your evaluation and recommendations from your experience in styles and formats suitable for a professional audience
LO3
5
Reflect on your experience of industry engagement
LO4
 
 
 

How your final result is determined
To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.
Submission of assignments
Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.
Academic integrity
Academic integrity is about acting responsibly, honestly, ethically, and collegially when using, producing, and communicating information with other students and staff members.

In written work, you must correctly reference the work of others to maintain academic integrity. To find out the referencing style for this unit, see the assessment information in the MyLO site, or contact your teaching staff. For more detail about Academic Integrity, see
Important Guidelines & Support.
Requests for extensions
If you are unable to submit an assessment task by the due date, you should apply for an extension.
 
A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.
 
The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.
Late penalties
Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.
Review of results and appeals
You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.