ACCT3101 – Auditing & Public Practice
Lecturer | Dr Grace Hsu |
Course Link | UQ Site |
Faculty | BEL |
Prerequisites | ACCT2101 |
Contact Hours | 3 Contact hours |
Semester(s) Taught | Semesters 1 + 2 |
Course Units | 2 |
Lecturer | Dr Grace Hsu |
Course Link | UQ Site |
Faculty | BEL |
Prerequisites | ACCT2101 |
Contact Hours | 3 Contact hours |
Semester(s) Taught | Semesters 1 + 2 |
Course Units | 2 |
65.3/100
Mrs Debbie Jeffery is one of the best lecturer I have during my studies at The University of Queensland. She is very detailed in her explanation of the concepts. She engages with the crowd to ensure the lectures are conducted in a lively and fun way. Under her guidance, you will be able to strive in this course.
Semester 2 - 2016
Bachelor of Commerce(Accounting and finance)
Yes
YES
Lecture materials: The tutorial questions and answers were posted a few days before the actual tutorials each week. I found this helpful because you could focus on the questions you found difficult and make the most of the 1-hour tutorials. The lecture notes were sufficient, but using the textbook could have helped. (I did not use the textbook and scraped a GPA of 6.) The marking rubric for the case study was available since the beginning of the semester. Practice exams for the mid and final exams were provided.
Learning activities: The exams, case study, tutorials, and lecture activities were alright.
Blackboard management: The grades for the case study were uploaded after the final exam. Other than that, the learning materials and grade information were uploaded fairly quickly.
Course content: The course content seemed relevant to what auditors do in the real-world. An assurance partner from EY was a guest speaker during the revision lecture (week 13) and provided an insight into what auditing is like at a Big 4 accounting firm.
Course structure: As mentioned before, the exams, case study, tutorials, and lecture activities were alright. It could have been better if a model case study was posted after the results were released. The feedback I received for the case study were a bit condescending and did not provide much suggestions on how to improve.
Contact availability: The course coordinator/lecturer and tutors had decent consultation hours. They were also accessible through email. (I did not go to any consults.)
Course difficulty: The course was not too difficult. I would recommend using the textbook and going to consults to help clarify any uncertainties about the course - especially the case study. The assessments and their weightings were fair.
Overall, the course was a fairly good introduction to the theory of auditing.
Semester 1 - 2017
Commerce/accounting
It is recommended
It is recommended
I strongly believe that they should change the way of marking the mid exam and assignment. They DO NOT TEST your knowledge. The lecturer was good thought. Very passionate.
Semester 1 - 2017
B com/ B Law
No
No
Probably the worst course i have ever taken. Marking for assessment is ridiculous with our 20% case study most people only achieved 50% and the mid sem worth 30% where most people failed. Feedback for the assignments were given after the final was taken as well which was annoying. Lecturer also puts you to sleep.
Extremely boring and vague content. Did not enjoy one second of this course.
Semester 1 - 2016
Commerce/Accounting
Yes. If you like to sleep.
No
The course co-ordinator does not participate in lectures but writes the exams, runs the course etc.
Lecturer for Semester 2 was Ms Debbie Jeffrey who has Big 4 audit experience and was very clear in lectures. Lecturer was approachable and during examination periods and consultation, answered emails promptly.
Ms Jeffrey played YouTube music videos before the lecture, mid-lecture break and after the lecture to keep students interested. This was ok in the first two weeks but after hearing "All About the Bass" more than once and being inflicted with that horrible film clip, I felt the need to tear my hair out.
Course was relatively interesting. They changed the pre-requisite from ACCT2101 to ACCT3102 which makes little sense as this course is 99% theory and did not require us to use ACCT3102 (Source: I took 3102 at the same time).
Mid-Semester exam average score was 60% (previous semester was around 40%) so make sure you learn the accounting standards and definitions. Tutorials relatively helpful, however only last 50 minutes so the discussion is minimal as the tutor spends the time to go through the tutorial answers.
Assignment is relatively easy (worth 10%), however no marking rubric was provided when preparing the assignment so it became very easy for students to lose 2-3 marks (20-30% of the assignment) because the expectations were not provided through a marking rubric.
The final was relatively straightforward, the practice exams give a good indication of the standard and you are allowed to take in a double-sided page of notes. My tip is to leave out the definitions from your notes and use the extra space to write examples from tutorial questions/textbook that will assist you in the exam.
If you enjoy theory (hello law students) than this may be an interesting elective to take. For the Accounting majors, this is probably the most boring course from the major and doesn't do the Big 4 (Audit industry) justice.
Tips:
* I recommend paying the extra $20-30 and purchasing the student guide as it summarises the chapter and provides practice MCQ's, True/False, Matching to definitions and Application questions.
* Get an internship in the Big 4 if possible before you take this course. As this course has little, emphasis on little, practical application, you may find you have a better understanding of the course once you have done an Audit/Assurance internship at a big 4/mid-tier
Semester 2 - 2014
Bachelor of Commerce (Accounting)
Yes
Yes