Students
ACCG908 – CPA - Strategic Management Accounting
2014 – S1 Day
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Patrick Gallagher
Contact via patrick.gallagher@mq.edu.au
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|---|---|
| Credit points |
Credit points
4
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| Prerequisites |
Prerequisites
ACCG926 or ACCG855 or admission to MAdvProfAcc
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| Corequisites |
Corequisites
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| Co-badged status |
Co-badged status
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| Unit description |
Unit description
This unit is completed whilst the student is enrolled in the Strategic Management Accounting segment of the CPA program. This unit provides an understanding of the strategic nature of management accounting in an increasingly competitive global business environment. This unit covers critical elements of strategic management accounting and develops the advanced knowledge and techniques needed to be able to formulate, implement, and assess the success of a particular strategy.
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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:
- Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques
- Examine and apply techniques for developing, implementing and monitoring strategies
- Analyse crically the strategic management cycle and the leadership role of the professional accountant in strategic management
- Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains
- Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems
- Describe and apply strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects.
Assessment Tasks
| Name | Weighting | Due |
|---|---|---|
| 1. PRESENTATION | 10% | Weeks 2 to 8 |
| 2. CLASS TEST | 35% | Monday 14 April |
| 3. FINAL EXAMINATION | 30% | Tuesday 29 April |
| 4. CASE STUDY | 25% | Weeks 14 and 15 |
1. PRESENTATION
Due: Weeks 2 to 8
Weighting: 10%
Submission: Your presentation and submission are to comprise a single newly developed (by you) multiple choice question that you write and present. The total duration of the presentation and explanation MUST NOT EXCEED 7 minutes. There is no word limit applicable to accompanying documentation but obviously total words will reflect the time limit in a realistic way. When creating your question and explanation you are required to use class content, the CPA104 materials and any further relevant research. You need to write a UNIQUE and NEWLY DEVELOPED multiple choice question. You must also write a clear explanation clearly identifying which answers are wrong and why and which answers are correct and why. This Minor Presentation may require you to undertake additional research, reading and thought, and you will be marked on the quality of the work that was undertaken. Detailed marking criteria are on the Feedback Sheet which will be provided to all students. This will be discussed in class before presentations in classes commence.
You will be marked according to your level of research and preparation, your understanding, accuracy, comprehensiveness and ability to explain the key issues to your fellow students, and your use of presentation aids. A schedule of presentation times will be set for every student. A hard copy of your question and presentation materials must be handed to your lecturer before delivering your presentation.
You are expected to display your knowledge and the communication skills at a standard expected of a postgraduate student. All students must present before Week 8 – all feedback to students will be finalised at or before the classes of Week 11.
You MUST ‘hand in’ a printed version of all presentation materials and additional explanation materials at the start of your presentation. This must be attached to the Feedback cover sheet – which must be STAPLED as the front page of your ‘handed in’ materials. Professional presentation of the document submitted and the quality of oral presentation are important!
Extension: No extension will be granted without a special consideration application being approved.
Penalties: Zero mark for non-submission.
On successful completion you will be able to:
- Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques
- Examine and apply techniques for developing, implementing and monitoring strategies
- Analyse crically the strategic management cycle and the leadership role of the professional accountant in strategic management
- Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains
- Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems
- Describe and apply strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects.
2. CLASS TEST
Due: Monday 14 April
Weighting: 35%
Submission: This test will have a duration of 150 minutes (including 10 mins reading time). It will be conducted as an invigilated exam in a different classroom than usual at a time and day other than the normal class time. This test will cover Modules 1 to 5 inclusive. The test will be fully open book exam. The value of all questions will be stated clearly and all multiple choice questions will be the same value.
You will receive full feedback about this exam in Class. You will receive your own marked exam script (this will be re-collected at the end of the class) for review and discussion.
Extension: No supplementary exam is available and no extension is possible.
Penalties: Consistent with all MACC CPA Extension units, students who miss this exam will score zero marks. Documented absence substantiated by a special consideration request that meets University requirements will permit the CPA exam to be treated as comprising 65% of overall assessment.
On successful completion you will be able to:
- Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques
- Examine and apply techniques for developing, implementing and monitoring strategies
- Analyse crically the strategic management cycle and the leadership role of the professional accountant in strategic management
- Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains
- Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems
- Describe and apply strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects.
3. FINAL EXAMINATION
Due: Tuesday 29 April
Weighting: 30%
The CPA Australia examination is conducted by CPA Australia at a time and location designated by CPA Australia and according to rules and conditions set by CPA Australia. You will be advised in writing of these rules and further exam details - this written advice will be sent directly to you by CPA Australia and NOT by Macquarie University. Dates and times are subject to the rules of CPA Australia and you may not rely on any advice from Macquarie University in relation to these exams.
Submission: Subject to the rules applicable to CPA Australia candidature
Extension: Subject to the rules applicable to CPA Australia candidature
Penalties: Students who do not achieve at least a Pass grade in this exam will not be awarded a Pass grade in ACCG908. Students who do no achieve a Pass grade in the CPA Australia exams should discuss this with MACC administration staff to establish your ongoing status within Macquuarie University.
On successful completion you will be able to:
- Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques
- Examine and apply techniques for developing, implementing and monitoring strategies
- Analyse crically the strategic management cycle and the leadership role of the professional accountant in strategic management
- Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains
- Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems
- Describe and apply strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects.
4. CASE STUDY
Due: Weeks 14 and 15
Weighting: 25%
- General: All students are required to engage in a professional teamwork activity by taking part in the preparation of a Group Report involving groups of 4 (minumum) or 5 (maximum) students. This Group Report is to provide the basis for a formal Group Presentation – to be presented by each member as part of the team. The Report and Presentation documentation are to be prepared according to detailed instructions that will be provided. Group Report and Group Presentation materials must be submitted together at the time of the presentation. Students will be assessed on the report and its content and on the presentation, its documentation and use and the teamwork skills demonstrated. Detailed assessment criteria are provided to students including the detailed assessment sheet used by the lecturer.
- The Report is set at a maximum of 3000 words presentations by Groups of 4 or 5 students are given by each students with a maximum presentation time of 7 minutes per student (ie 35 minutes for 5 a group of 5).
- Marked out of 25: 15 marks for the written Report and10 marks for the presentation and its documentation
- Extension: No extension will be granted
- Penalties: a mark of ZERO will be assigned for late submission
- Peer assessment: All students are required to submit a formal Peer Assessment regardng group member partcipation and performance and this assessment results in variation of marks within groups where peer assessments indicate substantive variability of performance by group members.
On successful completion you will be able to:
- Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques
- Examine and apply techniques for developing, implementing and monitoring strategies
- Analyse crically the strategic management cycle and the leadership role of the professional accountant in strategic management
- Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains
- Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems
- Describe and apply strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects.
Delivery and Resources
Assessment
To be eligible to pass the unit, it is necessary to:
- Gain the necessary knowledge by preparing fully and attending classes regularly and satisfactorily attempting ALL assessment components
- Obtain at least half marks for the 70% comprising Macquarie University assessment.
- Obtain at least a PASS assessment in the CPA external examination. Note that if you do NOT pass the CPA Australia CPA104 exam then you cannot attain a pass in this unit in this semester.
- Where a student attains at least 70% in Macquarie University assessment but fails the CPA Australia CPA104 exam then an “Incomplete” grade may be awarded pending successful completion of the CPA Australia CPA104 exam in a subsequent semester when the "I" grade may be replaced by a substantive pass grade. This is NOT a statement of policy and any student who fails the CPA Australia exam in any unit should contact administration (NOT your lecturer) for further advice and specific information regarding precise rules at that time.
- Assessment Task 2 (Class Test – conducted as an invigilated exam) and Assessment Task 4 (CPA Australia) Final Examination, which are included as assessment tasks for this unit, will provide assurance that:
- i)the knowledge assessed is that of the relevant student and that
- ii)the student has attained the knowledge and skills tested in the exam.
Classes
- To successfully achieve the requirements of the course, you are expected to attend one three hour class per week. You should attend only the class in which you are formally enrolled except for illness (in which case you may change classes and you do not need to seek permission). Rolls will be marked - but there is no specific attendance requirement.
- Classes are held Tuesdays 3pm to 6pm in Room C5A301 and Wednesdays 6pm to 9pm in Room E4B314
- Please refer to the class timetable within this unit guide for detailed class content.
- The timetable showing the location of all your classes can be found on the University web site at: http://www.timetables.mq.edu.au/
Required and Recommended Texts and/or Materials
Required Texts/Materials
- CPA Program: CPA 104 Startegic Management Accounting, CPA Australia and DeakinPrime, January 2014 Edition. Sent to you on enrolment with CPA Australia.
Reference Texts/Materials
- Langfield-Smith, K, Thorne, H and Hilton, R Management Accounting, McGraw Hill, North Ryde. Any recent edition will provide useful
- The CPA104 Segment Study Guide provides a comprehensive reference list at the end of each module containing all references cited by the authors. These are provided as a guide, should you choose to pursue an interest in a particular issue or they may be useful to refer to for an assignment on a particular topic.
Unit Web Page
Course information is available on the learning management system (iLearn).
iLearn access is at http://www.learn.mq.edu.au
Advice for iLearn including login advice and relevant support is all available at the iLearn site.
The student web page for this unit is located on iLearn. This includes course material, announcements and results.
Each week you will find on iLearn Lecture Guidance Notes and In-Class Discussion Questions. You will also find relevant reference materials on iLearn.
Learning and Teaching Activities
Each 3 hour class will consist of a combination of activities including seminar presentations by the lecturer and student expositions which will review key concepts. You are encouraged to engage in class discussion relating to questions posed, case studies, current events/issues and practical, problem solving exercises.
A revision class will be held prior to the external CPA Program exam and will include analysis, questions and cases designed to explore the entire course. All students will be required to complete a group presentation based on a group prepared report which is to be submitted at the same time as the group presentation.
The material to be covered each week is identified in this Unit Guide.
Preparation for classes
It is essential that you prepare for each class by reading all materials and references carefully. This will include carefully working through the relevant CPA module, noting any issues which you might like to discuss in class and, of course, contributing to in-class discussions and overall ‘group learning’.
You may download additional relevant class materials required each week from iLearn at http://learn.mq.edu.au.Additional class materials will be placed on iLearn prior to class time. It isyour responsibility to ensure that you access and have copies of relevant material prior to classes. You should allow time for thorough reading of all materials before each class
Technology Used and Required
The principal technology used in this unit comprises web based access to resource materials and the Macquarie University learning enhancement and facilitation system which is called ‘iLearn’.
Technology used and required in this unit is essentially unchanges from the requirements existing in Semester 2 2014.
Unit Web Pages - iLearn
- iLearn access is at http://www.learn.mq.edu.au
- Advice for iLearn including login advice and relevant support is all available at the iLearn site.
Regular access to iLearn is strongly encouraged so that you have access to:
- The student web page for this unit is located on iLearn.
- Announcements and results.
- Resources developed for each class
- Additional recommended reading and research resources
- Additional information designed to assist you with assessment items
- New information that may arise in relation to course or class administration
- iLearn communication and discussion tools cretaed to enhance learning for all students and staff.
Technology used by students
- Students will need access to a computer and internet resources and relevant standard software.
- If personal resources are not available to students Macquarie University provides extensive internet access to students across the entire campus (for approved study purposes) and also provides computers with relevant software for student use in libary and laboratory locations.
Absence from classes
Students who are absent from University for at least three (3) consecutive days duration within a study period and as a consequence, cannot complete unit requirements should apply for Special Consideration.
The full policy is located at: http://www.mq.edu.au/policy/docs/special_consideration/policy.html
Students can submit their request online by visiting: http://ask.mq.edu.au. Further information, including submission instructions, can be found at:
http://ask.mq.edu.au/kb.php?record=ce7c4e38-4f82-c4d7-95b1-4e2ee8fd075f
If at any time you feel that you would like to consult a counsellor, please contact Campus Wellbeing on 9850 7497.
Documentary Evidence
Special Consideration applications must be supported by evidence to demonstrate the severity of the circumstance(s) and that substantial disruption has been caused to the student’s capacity for effective study. The Professional Authority Form can be used to obtain evidence of the disruption to the student’s capacity for effective study.
Students can access the form online via http://ask.mq.edu.au
Prizes
There is a prize for ACCG908 entitled the “Accounting and Finance prize for Strategic Management Accounting”. For further details please refer to
http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships.
Changes to this Unit Guide from the previous session
The key changes from S2 2013 to S2 2014 are as follows:
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Some formatting changes and minor changes in the wording of text.
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Assessment items have been reduced from five to four. The test previously held in Week 5 has been removed. The remaining Class Test has been increased from 30% to 35% of the semester marks and the important Group Assignment has been increased to 25%. This is consistent with marks in other units in the MACC CPA Extension Program where early tests have been removed. This change also makes the unit fully compliant with Faculty requirements.
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Some detailed learning content detail has been amended - however this has not changed any information required to be stated in this Unit Guide.
Unit Schedule
|
Week |
Class/Date |
Topic |
Module |
Other information |
|
1
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Class 1 Tue 11 Feb Wed 12 Feb |
Introduction to Strategic Management Accounting – Review of assumed / prior knowledge – Appendix 1.1 of Module 1 |
Module 1 Appendix 1.1 |
Module references are to CPA104 Strategic Management Accounting Study Guide. We will also discuss exam approaches in this class. Minor presentations organised |
|
2 |
Class 2 Tue 18 Feb Wed 19 Feb |
Introduction to Strategic Management Accounting |
Module 1 |
Minor presentations – 10% |
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3
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Class 3 Tue 25 Feb Wed 26 Feb |
Creating Organisational Value |
Module 2 Up to page 38 |
Minor presentations – 10% |
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4
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Class 4 Tue 4 Mar Wed 5 Mar |
Creating Organisational Value including Reading 2.1 Strategic Mgt & Value Chain |
Module 2 From page 38. |
Minor presentations – 10% |
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5
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Class 6 Tue 11 Mar Wed 12 Mar |
Performance Measurement |
Module 3 Up to page 46. |
Minor presentations – 10% |
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6
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Class 6 Tue 18 Mar Wed 19 Mar |
Performance Measurement also including Appendix 3.1 Western Water |
Module 3 From page 46 |
Minor presentations – 10% |
|
7 |
Class 7 Tue 25 Mar Wed 26 Mar |
Techniques for Creating and Managing Value |
Module 4 Up to page 55 |
Minor presentations – 10% |
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8 |
Class 8 Tue 1 Apr Wed 2 Apr |
Techniques for Creating and Managing Value |
Module 4 From page 55 |
Minor presentations – 10% Assessment Item 4 Group Report & Presentation topics and peer assessment to be explained |
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9 |
Class 9 Tue 8 Apr Wed 9 Apr |
Project Management also including Appendix 5.1 Sydney Seafood Bar |
Module 5 |
Group Assignment: Students to advise members of Groups and of Target Company selected by group. |
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10 |
Class 10 ‘MID-EXAM’ Monday 14 April. Test is compulsory. |
Class Test – 35% of marks 2.5 hours including 10 minutes reading time – covers Modules 1-5 only. Time to be advised and admin requirements may change date. |
Module 5 |
This is an important exam 35% of total marks see iLearn for timetable and seating Date may change. Formal invigilation – bring ID.
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11
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Class 11 Tue 22 Apr Wed 23 Apr |
CASE STUDY – Wattle Jet.
Mid-Session exam ‘hand back’ and review. Revision preceding CPA Exam. |
Module 6 |
You will receive your exam in your hand for discussion and full understanding and feedback and comments. |
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12 & 13
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No Classes
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Final (CPA Australia) Exam – CPA Exam period commences 28 April |
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CPA Australia Exam 28 April 30% of total marks You must personally check ALL exam details with CPA Australia |
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14
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Class 12 Tue 6 May Wed 7 May |
Major Assignment – Group Presentation & Report
|
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Major Assignment – 25% of total marks Group Report and Presentation – ensure you read and follow ALL preparation and submission requirements |
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15
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Class 13 Tue 13 May Wed 14 May |
Major Assignment – Group Presentation & Report |
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Major Assignment – 25% of total marks Group Report and Presentation – ensure you read and follow ALL preparation and submission requirements |
Learning and Teaching Activities
Learning and Teaching activities
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/
Academic Honesty
The nature of scholarly endeavour, dependent as it is on the work of others, binds all members of the University community to abide by the priciples of academic honesty. Its fundamental principle is that all staff and students act with integrity in the creation, development, application and use of ideas and information. This means that:
- all academic work claimed as original is the work of the author making the claim
- all academic collaborations are acknowledged
- academic work is not falsified in any way
- when the ideas of others are used, these ideas are acknowledged appropriately.
Further information on academic honesty can be found in the Macquarie University Academic Honesty Policy at
http://mq.edu.au/policy/docs/academic_honesty/policy.html
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
- Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques
- Examine and apply techniques for developing, implementing and monitoring strategies
- Analyse crically the strategic management cycle and the leadership role of the professional accountant in strategic management
- Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains
- Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems
- Describe and apply strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects.
Assessment tasks
- 1. PRESENTATION
- 2. CLASS TEST
- 3. FINAL EXAMINATION
- 4. CASE STUDY
PG - Critical, Analytical and Integrative Thinking
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Learning outcomes
- Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques
- Examine and apply techniques for developing, implementing and monitoring strategies
- Analyse crically the strategic management cycle and the leadership role of the professional accountant in strategic management
- Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains
- Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems
- Describe and apply strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects.
Assessment tasks
- 1. PRESENTATION
- 2. CLASS TEST
- 3. FINAL EXAMINATION
- 4. CASE STUDY
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
- Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques
- Examine and apply techniques for developing, implementing and monitoring strategies
- Analyse crically the strategic management cycle and the leadership role of the professional accountant in strategic management
- Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains
- Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems
- Describe and apply strategic management accounting techniques to the selection, planning, implementation, control and monitoring of projects.
Assessment tasks
- 1. PRESENTATION
- 2. CLASS TEST
- 3. FINAL EXAMINATION
- 4. CASE STUDY
Research and Practice
This unit gives you opportunities to conduct your own research and gives you practice in applying research findings in your assessment tasks. Students will be required to use library resources to research beyond these materials in undertaking research necessary to complete their tasks. The unit materials have a reference list at the end of each chapter/module containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.
Changes since First Published
| Date | Description |
|---|---|
| 04/02/2014 | - |