16264 Property Accounting and Financial Management

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2025 is available in the Archives.

UTS: Design, Architecture and Building: School of the Built Environment
Credit points: 6 cp

Subject level:

Undergraduate

Result type: Grade and marks

Requisite(s): 96 credit points of completed study in spk(s): C10214 Bachelor of Construction Project Management OR 96 credit points of completed study in spk(s): C10215 Bachelor of Construction Project Management Bachelor of International Studies OR 96 credit points of completed study in spk(s): C10420 Bachelor of Construction Project Management Bachelor of Languages and Cultures
These requisites may not apply to students in certain courses. See access conditions.

Description

This subject provides an introduction to accounting and business management principles and procedures with a focus on the financial structure and performance of construction/property entities. The subject incorporates the fundamental elements which drive a company from a financial perspective. The skills and ethical underpinnings of financial reports are discussed. Students learn how to interpret and analyse financial reports including the statements of profit or loss and financial position, budgets and cash flows, to assess the company's performance.

Subject learning objectives (SLOs)

On successful completion of this subject, students should be able to:


1.	Apply basic accounting concepts and their relationship to various business entities.
2.	Prepare Statement of Profit or Loss, Balance Sheet, and apply ration analysis as a tool for strategic planning.
3.	Calculate cash flow statements and bank reconciliations to understand the importance of cash to an entity's success.
4.	Calculate the decline in value for depreciating assets
5.	Describe and explain the various short term and long term funds and finance available to entities.
6.	Understand the requirements for ABN and GST registration and obligations relevant to the PAYG system.
7.	Provide an analysis of cost-volume-profit relationships for both construction firms and service industries.
8.	Apply quantitative and qualitative issues for investment decisions.

Course intended learning outcomes (CILOs)

This subject also contributes to the following Course Intended Learning Outcomes:

Identify ethical issues and apply informed ethical judgements in professional Contexts. (A.1)

Contribution to the development of graduate attributes

The term CAPRI is used for the five Design, Architecture and Building faculty graduate attribute categories where:

C = communication and groupwork

A = attitudes and values

P = practical and professional

R = research and critique

I = innovation and creativity.

Course intended learning outcomes (CILOs) are linked to these categories using codes (e.g. C-1, A-3, P-4, etc.).

Teaching and learning strategies

This accounting subject is taught with simulated case study questions, modelled on real life situations, predominantly relating to the Built Environment. The classes in this subject incorporate studio workshops, tutorials, online resource learning, online tutorials and self-assessment problems. The learning activities in this subject include problem-based learning, practical exercises, and case study exam questions. Each case study question is designed to provide a building platform for the student to develop their professional practice and problem solving skills. Students are encouraged to methodically work through all the questions and case studies which will provide the opportunity for each student to systematically benchmark their performance against each topic. This progressive review for each topic is essential. Self-assessment feedback is available for the student at the completion of each topic, with graded resources available within the text book. Where appropriate supplementary questions and solutions will be available via UTS online.

The class sessions will require students to work together in small groups, applying qualitative and quantitative functions. Whilst the application of the quantitative function has a set procedure, the qualitative aspect is designed to provide the student with the ability to develop their critical thinking skills. This qualitative interaction of the group work cannot be duplicated on an individual basis and for this reason students are encouraged to attend all classes and actively participate.

Assessment feedback is provided to students within two weeks of the due date for each class test. The students will be provided with written feedback, plus a workshop discussing the relevant solutions.

Content (topics)

Introduction to Accounting
Business Structures
Introduction to financial reports
Analysis and interpretation of financial reports
Financial budgeting
Taxation issues and depreciation
Cost-volume-profit analysis
Cash flow reports
Financing the business
Capital investment decisions

Assessment

Assessment task 1: Class Test Number One

Intent:	Test students knowledge on introductory accounting concepts
Objective(s):	This task addresses the following subject learning objectives: 1 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): A.1
Type:	Quiz/test
Groupwork:	Individual
Weight:	15%
Length:	45 minutes closed book test which is undertaken at UTS campus and incorporating COVID-19 restrictions

Assessment task 2: Class Test Number Two

Intent:	Test students knowledge for the preparation of financial reports and interpretation of these reports through the application of ratios.
Objective(s):	This task addresses the following subject learning objectives: 2 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): A.1
Type:	Quiz/test
Groupwork:	Individual
Weight:	25%
Length:	1 hour and 15 minute closed book exam at UTS Campus incorporataing COVID-19 restrictions

Assessment task 3: Exam

Intent:	Exam students application of break even concepts, bank reconciliations and adjustments, financial considerations, accounting concepts and cash flow process.
Objective(s):	This task addresses the following subject learning objectives: 3, 4, 5, 6, 7 and 8 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): A.1
Type:	Examination
Groupwork:	Individual
Weight:	60%

Minimum requirements

The DAB attendance policy requires students to attend no less than 80% of formal teaching sessions (lectures and tutorials) for each class they are enrolled in to remain eligible for assessment.

Required texts

Accounting and Financial Management for the Built Environment

2nd Edition, 2024 Hera Antoniades, ISBN 978-0-9924304-5-0

Refer to Canvas for details of the bookshop stocking the text book and the online purchase order option

Websites
www.anz.com/small-business/
www.ato.gov.au/
www.australia.gov.au/topics/business
www.business.gov.au/
www.sbdc.com.au/drilldown/drilldown.asp?refid=1.4.4
www.smallbiz.nsw.gov.au/start/.../planningyourbusiness
www.smallbusinessresources.com/

Other resources

Anandarajah, D., Aseervatham, A., Reid, H. (2001), Managing Finance, Prentice Hall
Antoniades, H. (2016), Accounting and Taxation for the Valuation Profession, Accounting Real Estate Publications
CCH (2020), Australian Master Tax Guide, CCH Publishers
Australian Taxation Handbook, 2017/2018, John Wiley & Sons Australia Ltd
Beal, D., Goye, M., Shamsuddin, A. (2008), Introducing Corporate Finance, John Wiley & Sons Australia Ltd
Beal., D., McKeown W. (2009), Personal Finance, John Wiley & Sons Australia Ltd
Birt, J. (2009), Accounting: Business Reporting for Decision Making, John Wiley & Sons Australia Ltd
Kimmel, C. (2009), Accounting: Building Business Skills, John Wiley & Sons Australia
Marley, S., Pederson, J. (2008), Accounting for Business: An Introduction, Pearson Education
CCH (2020), Master Tax Examples 2020, CCH Publishers
Quible, Z. (2005), Administrative Office Management, Pearson Education
Schoenebeck, K. (2010), Interpreting and Analyzing Financial Statements, Pearson Education