Students
ACCG921 – Managerial Accounting
2015 – S1 Day
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Sophia Su
Contact via accg921@mq.edu.au
E4A338
Tuesday 3:30pm – 5:30pm
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| Credit points |
Credit points
4
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| Prerequisites |
Prerequisites
(ACCG611 or ACCG861) and (admission to MAcc(Prof) or MAcc(CPA) or MAcc(Prof)MCom)
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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 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.
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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:
- 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.
- Understand and discuss how to conduct quantitative research in management accounting discipline.
Assessment Tasks
| Name | Weighting | Due |
|---|---|---|
| Assignments | 20% | On going |
| Class participation | 10% | On going |
| In class test | 10% | Week 7 |
| Final Examination | 60% | Examination period |
Assignments
Due: On going
Weighting: 20%
Submission:
Weekly assignments (10%)- During the session, the lecturer will randomly collect 5 weekly assignments, with each assignment worth 2%.
Two excel assignments (5% each) must be submitted via iLearn. Separate submission instructions will be provided on iLearn.
Extension:
No extension will be granted
Penalties
A mark of Zero will be assigned for late submission.
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%
The mark will be awarded based on the following criteria:
• The extent to which each student has prepared for each class.
• The willingness of students to express their ideas in class.
• The ability of students to articulate their thoughts.
• The ability of students to complete set tasks during classes.
• The willingness of students to cooperate with and assists other students in their learning.
It is expected that students should not miss more than one class throughout the session.
This assessment task takes place during the class. If students miss a class due to illness or unavoidable circumstances they should apply for Disruptions to Studies. This will be taken into consideration when determining the class participation marks.
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.
In class test
Due: Week 7
Weighting: 10%
Submission
An in-class test (10% ) will be conducted during seminars in week 7. The duration of the test will be 25 minutes. The test will be closed book exams, answered under examination condition and of examination standard.
Extension
No extension will be granted
Penalties
A mark of Zero will be assigned for late submission
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: 60%
Examination conditions:
A time-limited ( 3 hours) invigilated closed book final exam.
Dictionaries are not permitted
Non-programmable calculators with no text retrieval capacity are allowed.
What is required to complete the unit satisfactorily:
It is essential for students to pass their final examination in order to achieve a passing grade.
If a Supplementary Examination is granted as a result of "Disruptions to Studies" application the examination will be scheduled as per the Supplementary Examination timetable of the Faculty. Please note that the supplementary examination will be of the similar format as the final examination.
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
- Understand and discuss how to conduct quantitative research in management accounting discipline.
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/.
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", 7th Edition, McGraw-Hill Australia, 2015. This textbook is available from the Co-op Bookshop on campus.
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 web page for this unit can be found at: http://ilearn.mq.edu.au
You should also contact the IT helpdesk if you need assistance with using the website. Alternatively use the help feature provided. Make sure that when you have finished using the website that you Log Out. Failure to do so could allow unauthorised access to your account.
The following information will be available on the website:
- Assessment guide
- Important announcements
- Lecture notes
- Staff consultation hours
- Staff contact details
- Tutorial questions and solutions
- Other relevant material
You are encouraged to regularly check the website and use it as an information and resource centre to assist with your learning.
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.
Expectations and Workload
Students are expected to spend 150 hours working on this unit. As a guide a student should spend these approximate amounts of time on each of the following activities:
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Activities |
Hours |
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1 |
Weekly seminars |
39 |
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2 |
Assessment Task 1 (class participation - part of seminar) |
- |
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3 |
Assessment Task 2 (2 excel assignments) |
20 |
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4 |
Assessment Task 3 (Assessed coursework) |
31 |
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5 |
Assessment Task 4 (Final examination) |
30 |
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6 |
Readings/self-study |
30 |
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TOTAL |
150 |
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
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Lecture Week |
Week commencing: |
Topic |
Prescribed references |
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1
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23 February |
Introduction & Basic cost concepts and terms |
Chapter 1 Chapter 2 Chapter 3 |
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2
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2 March |
Product Costing Systems |
Chapter 4 |
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3
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9 March |
A Closer Look at Overhead Costs |
Chapter 7 |
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4
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16 March |
Activity-Based Costing |
Chapter 8 |
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5
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23 March |
Cost Volume Profit Analysis |
Chapter 18 |
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6
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30 March |
Service costing Absorption and variable costing |
Chapter 6 Chapter 7 Appendix (pp. 302- 308) |
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MID-SESSION BREAK (From 6 April to 19 April) |
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7 |
20 April |
Decision Making I
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Chapter 19
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8 |
27 April |
Decision Making II |
Chapter 19 Appendix (pp.875-878) Chapter 20 pp. 914-917; pp922-925 |
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9
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4 May |
Budgeting |
Chapter 9 (including Appendix) Chapter 11 pp. 486 – 492 |
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10
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11 May |
Standard Costing for Control |
Chapter 10 Chapter 11 pp. 492-504 |
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11
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18 May |
Performance measurement systems |
Chapter 12 pp.530-536; Chapter 13 pp.578-589 Chapter 14 |
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12
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25 May |
Quantitative research in management accounting |
Additional readings will be available on iLearn |
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13
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1 June |
Final exam review |
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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/
Results
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
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 - 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
- Assignments
- Class participation
- In class test
- Final Examination
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
- Assignments
- Class participation
- In class test
- 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.
- Understand and discuss how to conduct quantitative research in management accounting discipline.
Assessment tasks
- Assignments
- Class participation
- In class test
- Final Examination
Changes from Previous Offering
Compared to previous sessions a new topic in regards to quantitative management accounting research has been introduced.
Research and Practice, Global and Sustainability
A research topic in regards to how to conduct quantitative research in management accounting discipline will be covered in this course. This topic will also be assessed in final examination.
This unit addresses global issues as direct areas of study and as necessary implications arising from the materials, assessment and academic discussion and debate in seminars. We aim to provide students with an opportunity to obtain skills which will benefit them throughout their career.
The unit materials have a reference list at the end of each chapter containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.