Students

ACCG921 – Managerial Accounting

2014 – S2 Day

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Ranjith Appuhami
accg921@mq.edu.au
Contact via accg921@mq.edu.au
E4A315
Thursday 1pm – 3pm (Consultation time)
Credit points Credit points
4
Prerequisites Prerequisites
(ACCG611 or ACCG861) and (admission to MAcc(Prof) or MAcc(CPA) or MAcc(Prof)MCom)
Corequisites Corequisites
Co-badged status Co-badged status
Co-badged with ACCG613 Managerial Accounting
Unit description Unit description
This unit focuses on the generation of information for internal decision making and examines how cost information is developed and used within organisations. To this end, a number of different costing and budgeting techniques are explained and demonstrated in seminars and students are required to apply those techniques to case study scenarios and develop a sophisticated level of understanding of which technique is most appropriate in a particular situation. Research findings will be used to underpin theories in management accounting.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • Critically analyse data, determining relevant information and costing techniques for the purposes of making decisions
  • Critique the assumptions, constraints and limitations of management accounting concepts and demonstrate on understanding of such concepts in respect to real-world examples
  • Demonstrate effective written and oral communication
  • Demonstrate an understanding of Excel spreadsheet tools to solve managerial problems.
  • Clearly summarise and present current issues on management accounting, and articulate them in a group setting.

Assessment Tasks

Name Weighting Due
Assessed Coursework 20% On going
Class participation 10% On going
Assignments 20% Weeks 4, 6, 9 and 11
Final Examination 50% Examination period

Assessed Coursework

Due: On going
Weighting: 20%

Submission

The assessment requires students to answer one (1) question during their registered seminar each week. During the session, the answers to four (4) questions will be collected randomly. Each question will be worth 5%. 

Extension

No extension will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved. 

Penalties

A mark of zero will be assigned for non-submission in your designated class.
On successful completion you will be able to:
  • Critically analyse data, determining relevant information and costing techniques for the purposes of making decisions
  • Critique the assumptions, constraints and limitations of management accounting concepts and demonstrate on understanding of such concepts in respect to real-world examples
  • Demonstrate effective written and oral communication

Class participation

Due: On going
Weighting: 10%

Submission

In designated class

Extension

No extensions will be granted. Students who have not participated during the session will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.

Penalties

Zero marks awarded for non participation
On successful completion you will be able to:
  • Critically analyse data, determining relevant information and costing techniques for the purposes of making decisions
  • Critique the assumptions, constraints and limitations of management accounting concepts and demonstrate on understanding of such concepts in respect to real-world examples
  • Demonstrate effective written and oral communication
  • Clearly summarise and present current issues on management accounting, and articulate them in a group setting.

Assignments

Due: Weeks 4, 6, 9 and 11
Weighting: 20%

Submission

There will be four excel assignments with each worth 5%. Four excel assignment questions will be distributed to your student email in week 2 of the session, and you are required to submit the four excel assignments via iLearn.

Extension

No extension will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.

Penalties

A mark of Zero will be assigned for each assignment not submitted on the due date.
On successful completion you will be able to:
  • Critically analyse data, determining relevant information and costing techniques for the purposes of making decisions
  • Critique the assumptions, constraints and limitations of management accounting concepts and demonstrate on understanding of such concepts in respect to real-world examples
  • Demonstrate an understanding of Excel spreadsheet tools to solve managerial problems.

Final Examination

Due: Examination period
Weighting: 50%

Submission

A time-limited (3 hours) invigilated closed book final exam in the formal exam period. 

Extension

A supplementary examination will be granted only if special consideration has been submitted and approved. Please note that the supplementary examination will be of the same format as the final examination and that the supplementary examination will be scheduled as per the supplementary examination timetable of the Faculty.

Penalties

Zero marks for non-attendance.

 

There is a requirement to pass the final examination to be awarded a final grade of a Pass (P) or a higher grade.
On successful completion you will be able to:
  • Critically analyse data, determining relevant information and costing techniques for the purposes of making decisions
  • Critique the assumptions, constraints and limitations of management accounting concepts and demonstrate on understanding of such concepts in respect to real-world examples
  • Demonstrate effective written and oral communication

Delivery and Resources

Classes

This unit is structured around attendance at one 3 hour seminar per week. The class timetable can be found on the University web site http://www.exams.mq.edu.au/exam/ with the following classes offered:

 

Class

Day

Time

Venue

Lecturer

1

Tuesday

9am - 12pm

E5A 120

Ranjith Appuhami/ Herb Schoch
2 Tuesday 3pm - 6pm E5A 120

Ranjith Appuhami/ Herb Schoch
3

Wednesday

9am - 12pm

E5A 170

Nandini Kumar
4

Wednesday

 3pm - 6pm

E5A 170

Nandini Kumar
5 Friday 6pm - 9pm E5A 170
Craig Terry
6 Thursday 6pm - 9m C5C 209
Mark Runnalls
7 Friday 12noon - 3pm C4A 318 Craig Terry

 

Required and Recommended Texts and/or Materials

Prescribed Text:

Langfield-Smith, Kim; Thorne, Helen; Hilton, Ronald W., "Management Accounting, Information for Creating and Managing Value", 6th Edition, McGraw-Hill Australia, 2012. This textbook is available from the Co-op Bookshop on campus. The library will have copies of the textbook available.

Access to this text is essential for seminar references and for homework questions. There have been substantial changes to the 6th edition of this text, especially in the end of chapter questions. DO NOT RELY ON PREVIOUS EDITIONS.

Unit Web Page

The unit will have a World Wide Web site accessed through Macquarie University OnlineLearning @MQ, using the URL https://ilearn.mq.edu .au/login/MQ/ (this must be entered exactly). Further technical information on the use of iLearn can be found at the above url’s, students will be required to log into this application using their Macquarie OneID.

The unit Web site is only available to students enrolled in ACCG921. It will be Students will be able to access the unit web page by the use of their normal university user/password details. Please contact the IT Help Desk in the Library if you have any difficulties accessing the unit web page:

Phone: (02) 9850 HELP (4357) or Freecall: 1800 063 191 Face to Face: IT Help Desk, Level 1, University Library Email: Just Ask. Form http://www.lib.mq.edu/au/justask/ 24/7 Email: ithelp@mq.edu.au

The Website will contain important unit materials, including: Course details (Unit Outline); announcements; lecture notes; solutions to homework questions and online quizzes.

Teaching and Learning Activities

The unit is structured around a 3 hour session. Most weeks this will consist of a seminar combined with some interactive/ group/ student initiated work.

Seminars will provide students with the main concepts and techniques and homework provides the opportunity to apply the concepts to problems and exercises. It is recommended students have a thorough understanding of the homework. To this end, some time will be set aside each week to handle any queries, problems etc arising from the homework questions. Most benefit will be gained from these sessions if you have attempted the homework and identified any problems you wish to raise.

Not all homework questions will be covered in class. However,  the answers to all homework questions will be available at the end of each week from the unit web site. Students should be prepared to ask their lecturer specific questions about any aspect of the solutions they do not understand.

Students are encouraged to read the prescribed chapter in the textbook prior to attending each seminar in order to gain maximum benefit from the course. Lecture notes/slides will be made available each week prior to a seminar through the unit website. Please download these and bring them to class each week.

Active participation in class is encouraged and expected of every student. This helps clarify your ideas and understanding, as well as enhancing your communication skills.

Technology Used and Required

Students will be required to complete a number of Excel based assignments. To complete these assignments, students will need access to a computer, running Microsoft Excel. These resources are available in the university’s computer rooms or, alternatively, student’s can complete the assignments at home. In addition, students will need access to email in order to receive, and then submit these assignments.

Unit Schedule

Week

Seminar week commencing:

Topic

Prescribed references

1

 

 4 August

Introduction and Course Overview

Chapter 1

Chapter 2

Chapter 3

2

 

11 August

Cost Volume Profit Analysis

Chapter 18

3

 

18 August

Decision Making I

Chapter 19

 

4

 

25 August

Decision Making II

Chapter 19 Appendix

(pp.928-931)

Chapter 20 pp. 967-978

5

 

1 September

Product Costing Systems

Chapter 4

6

 

8 September

 

Service costing

Absorption and variable costing

 

Chapter 6

Chapter 7 Appendix

(pp. 316- 321)

7

 

 15 September

A Closer Look at Overhead Costs

Chapter 7

 

 MID-SESSION BREAK (From 20 September to 6 October)

 

 

8

7 October

Activity-Based Costing

Chapter 8

9

 

13 October

Budgeting

Chapter 9 (including Appendix)

Chapter 11 pp. 514 – 519 and pp.532 – 535

10

 

20 October

Standard Costing for Control

Chapter 10

Chapter 11 pp. 519-531

11

 

27 October

Decentralisation

ROI and RI

Chapter 12 pp. 558-571

Chapter 13 pp. 606-615

12

 

3 November

Reward systems

Performance Measurement Systems

Chapter 13 pp. 618-623

Chapter 14

13

 

10 November

Final exam review

  

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:

Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html

Assessment Policy  http://mq.edu.au/policy/docs/assessment/policy.html

Grading Policy http://mq.edu.au/policy/docs/grading/policy.html

Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html

Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html

Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.

In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.

Student Services and Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

Student Enquiries

For all student enquiries, visit Student Connect at ask.mq.edu.au

IT Help

For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/. 

When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.

Graduate Capabilities

PG - Discipline Knowledge and Skills

Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.

This graduate capability is supported by:

Learning outcomes

  • Critically analyse data, determining relevant information and costing techniques for the purposes of making decisions
  • Critique the assumptions, constraints and limitations of management accounting concepts and demonstrate on understanding of such concepts in respect to real-world examples
  • Demonstrate effective written and oral communication
  • Demonstrate an understanding of Excel spreadsheet tools to solve managerial problems.
  • Clearly summarise and present current issues on management accounting, and articulate them in a group setting.

Assessment tasks

  • Assessed Coursework
  • Class participation
  • Assignments
  • Final Examination

PG - Research and Problem Solving Capability

Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.

This graduate capability is supported by:

Learning outcomes

  • Critically analyse data, determining relevant information and costing techniques for the purposes of making decisions
  • Critique the assumptions, constraints and limitations of management accounting concepts and demonstrate on understanding of such concepts in respect to real-world examples
  • Demonstrate effective written and oral communication
  • Demonstrate an understanding of Excel spreadsheet tools to solve managerial problems.
  • Clearly summarise and present current issues on management accounting, and articulate them in a group setting.

Assessment tasks

  • Assessed Coursework
  • Class participation
  • Assignments
  • Final Examination

PG - Capable of Professional and Personal Judgment and Initiative

Our postgraduates will demonstrate a high standard of discernment and common sense in their professional and personal judgment. They will have the ability to make informed choices and decisions that reflect both the nature of their professional work and their personal perspectives.

This graduate capability is supported by:

Learning outcomes

  • Critically analyse data, determining relevant information and costing techniques for the purposes of making decisions
  • Critique the assumptions, constraints and limitations of management accounting concepts and demonstrate on understanding of such concepts in respect to real-world examples
  • Demonstrate effective written and oral communication

Assessment tasks

  • Assessed Coursework
  • Class participation
  • Assignments
  • Final Examination

Research and Practice

The findings of research studies in relation to some topics will be discussed briefly during the session. Students are encouraged to use library resources to go beyond the prescribed text in understanding the concepts taught in this unit and to complete their assessment tasks.

Changes since First Published

Date Description
01/08/2014 Co-badged with ACCG613 Managerial Accounting