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ACCG200 – Management Accounting

2017 – S1 Day

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Amy Tung
Contact via accg200@mq.edu.au
E4A 232
TBA
Unit Moderator
Kevin Baird
Contact via accg200@mq.edu.au
E4A 209
TBA
Credit points Credit points
3
Prerequisites Prerequisites
(15cp at 100 level or above) including (ACCG100 or ACCG106)
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description
This unit is the first of three units in cost and management accounting that are necessary for CPA Australia, the Chartered Accountants Australia and New Zealand (CA ANZ) and the Institute of Public Accountants (IPA). The unit explains how cost information is generated and used in organisations for decision making purposes. There are three main parts to the unit: - using costs for decision making; - costing techniques (job/process costing and cost allocations); and - budget setting and evaluating performance against the budget. By the end of the unit students are able to discriminate between the various product costing techniques available, solve problems by identifying and selecting appropriate courses of action, and demonstrate an understanding of budgeting techniques and the behavioural issues associated with budgeting practices. The unit develops graduate capabilities in critical and analytical thinking skills and the ability to solve problems. In addition, the unit is structured to develop effective communication skills and to demonstrate awareness of issues affecting the role of a management accountant.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at http://students.mq.edu.au/student_admin/enrolmentguide/academicdates/

Learning Outcomes

  1. Distinguish between management and financial accounting and understand the various product costing, budgeting, and decision making techniques.
  2. Conceptualise and analyse management accounting issues and information.
  3. Develop teamwork and presentation skills.
  4. Demonstrate competencies in the use of excel spreadsheets and essential formulas used in management accounting.
  5. Apply appropriate management accounting concepts and techniques to solve business problems.

Assessment Tasks

Name Weighting Due
Case Study Presentation 10% Week 8
Excel Assignment 10% Week 10
In Class Tests 20% Weeks 6 and 11
Final Examination 60% University Examination Period

Case Study Presentation

Due: Week 8
Weighting: 10%

The case study presentation accounts for 10% of the final grade. Students are required to analyse the case uploaded on ilearn and present their answers in a group presentation in the week 8 tutorial. The duration of the group presentation should be a maximum of 10 minutes. More details will be provided on iLearn.

Extension

No extension will be granted

Penalties

A mark of ZERO will be awarded for absence or non-presentation. There is no make-up or supplementary presentations in this unit. Any group member or group leaving the tutorial early (after they have presented) will be awarded a mark of ZERO.

 

 


This Assessment Task relates to the following Learning Outcomes:
  • Distinguish between management and financial accounting and understand the various product costing, budgeting, and decision making techniques.
  • Conceptualise and analyse management accounting issues and information.
  • Develop teamwork and presentation skills.
  • Apply appropriate management accounting concepts and techniques to solve business problems.

Excel Assignment

Due: Week 10
Weighting: 10%

Submission

An excel assignment (10%) must be submitted during the session. More details will be provided on iLearn in due course.

Extension

No extension will be granted.

Penalties

No extension will be granted. A mark of ZERO will be given for non-submission. There will be a deduction of 10% of the total available marks made from the total awarded marks for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission - 20% penalty). This penalty does not apply for cases in which an application for Disruption to Studies is submitted within a reasonable time frame and approved.


This Assessment Task relates to the following Learning Outcomes:
  • Conceptualise and analyse management accounting issues and information.
  • Demonstrate competencies in the use of excel spreadsheets and essential formulas used in management accounting.
  • Apply appropriate management accounting concepts and techniques to solve business problems.

In Class Tests

Due: Weeks 6 and 11
Weighting: 20%

Submission:

Two in-class tests (10% each) will be conducted during tutorials in week 6 and week 11. Each test will be a closed book exam, answered under examination conditions.

 Extension:

No extension will be granted

Penalties

No extensions will be granted. Students who have not attended the test in their registered tutorial will be awarded a mark of 0 for the task, except for cases in which an application for disruption of studies is made and approved.

 


This Assessment Task relates to the following Learning Outcomes:
  • Distinguish between management and financial accounting and understand the various product costing, budgeting, and decision making techniques.
  • Conceptualise and analyse management accounting issues and information.
  • Apply appropriate management accounting concepts and techniques to solve business problems.

Final Examination

Due: University 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.

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.


This Assessment Task relates to the following Learning Outcomes:
  • Distinguish between management and financial accounting and understand the various product costing, budgeting, and decision making techniques.
  • Conceptualise and analyse management accounting issues and information.
  • Apply appropriate management accounting concepts and techniques to solve business problems.

Delivery and Resources

Classes

Students should attend three hours of face-to-face teaching per topic consisting of a one-and-half hour lecture and a one-and-half hour tutorial. The lecture will also be available via iLecture on unit website by the end of each lecture. Students are advised to note that any changes to tutorial classes must be made online through e-Student. Students wishing to change their tutorial time should login to e-student and enrol in a class where there is a vacancy. Staff members WILL NOT deal with tutorial changes unless there are exceptional circumstances. It is each student’s responsibility to know which tutorial group they have been allocated to. Students will not be awarded any tutorial marks unless they attend the class in which they are formally enrolled*. The timetable for classes can be found on the University web site at:http://www.timetables.mq.edu.au/.

Students are also required to register a one-off three hour excel workshop during the mid-session break via e-Student. Students must attend their registered workshop and any changes must be made online through e-student.

Prizes

Details of prizes for this unit are available at: http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships

Required and Recommended Texts and/or Materials

Management Accounting, Information for creating and managing value, by Kim Langfield-Smith, Helen Thorne, David A. Smith and Ronald W. Hilton, 7th Edition, 2015, McGraw-Hill.

Access to this text is essential for lecture references and for tutorial questions. This text can be purchased from the Macquarie University Co-op Bookshop and is available in the Macquarie Library.

Technology Used and Required

Students are required to use information technology in this unit. Students will need to use electronic access to unit web page for all information related to the unit including downloading unit guide and other materials required for class assignments. Students also need to use Microsoft Excel (where applicable) to complete their Excel assignments.

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
  • Online practice quizzes
  • 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 Strategy

The course is structured around a 1.5 hour lecture and a 1.5 hour tutorial per topic. Lectures are intended to provide students with an overview of the main concepts and techniques. Lectures may not cover all of the material and students are expected to read all of the prescribed references prior to the lecture. Tutorials will be run on a workshop basis with students being given the opportunity to apply the concepts to additional problems and exercises. The tutorials are designed to provide an interactive environment in which students will be able to discuss issues and problems with each other, and their tutor, in order to improve their understanding of the material. Regular class attendance, reading of prescribed references and the completion of tutorial and revision questions are essential for satisfactory progress in this course.

Lecture slides and additional material for tutorials and lectures will be available to download via the unit website. You must bring copies of the relevant material to lectures and tutorials each teaching day. Any other announcement regarding the unit will also be available from the website.

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:

   

 

Activities

Hours

1

Weekly lectures

18

2

Assessment Task 1 (Case study presentation)

15

3

Assessment Task 2 (Excel Assignment)

20

4

Assessment Task 3 (In Class Tests)

30

5

Assessment Task 4 (Final examination)

35

6

Readings/self-study

32

 

TOTAL

150

 

Unit Schedule

Lecture Week

Week commencing:

Topic

Prescribed references

1

27 March

Introduction & Basic Cost Concepts and Terms

Chapter 1

Chapter 2

Chapter 3

2

6 March

Product Costing Systems – Job Costing

Chapter 4 pp.123-134 and pp.137-147

3

13 March

Process Costing

Chapter 4 pp.134-136 and pp.147-150;

Chapter 5 pp.173-181

4

20 March

Service Costing

Chapter 6

5

27 March

A Closer Look at Overhead Costs

Chapter 7 pp.272-302

6

3 April

Activity-Based Costing 

Chapter 8

7 10 April

Self-study: Variable and Absorption Costing

NO LECTURES WILL BE HELD THIS WEEK

Chapter 7 Appendix

(pp. 302- 308)

MID-SESSION BREAK (From 15 April to 30 April)

8

1 May

Cost Volume Profit Analysis

Chapter 18                       

9

8 May

Decision Making I

Chapter 19

10

15 May

Decision Making II

Chapter 20 pp. 914-917;

pp 922-925

11

22 May

Budgeting

Chapter 9 (including Appendix)

Chapter 11 pp. 486 – 492

12

 

29 May 

Standard Costing for Control

Chapter 10

Chapter 11 pp. 492-504

13

5 June

Final Exam Revision

 

 

 

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_2016.html

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

Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.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.

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 principles 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 the academic honesty can be found in the Macquarie University Academic Honesty Policy at http://www.mq.edu.au/policy/docs/academic_honesty/policy.html

Grades

Macquarie University uses the following grades in coursework units of study:

  • HD - High Distinction
  • D - Distinction
  • CR - Credit
  • P - Pass
  • F - Fail

Grade descriptors and other information concerning grading are contained in the Macquarie University Grading Policy which is available at:

http://www.mq.edu.au/policy/docs/grading/policy.html

Grading Appeals and Final Examination Script Viewing

If, at the conclusion of the unit, you have performed below expectations, and are considering lodging an appeal of grade and/or viewing your final exam script please refer to the following website which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes a valid grounds for appeal before appealing your grade.

http://www.businessandeconomics.mq.edu.au/new_and_current_students/undergraduate_current_students/how_do_i/grade_appeals

Disruption to Studies Policy

The University is committed to equity and fairness in all aspects of its learning and teaching. In stating this commitment, the University recognises that there may be circumstances where a student is prevented by unavoidable disruption from performing in accordance with their ability. A special consideration policy exists to support students who experience serious and unavoidable disruption such that they do not reach their usual demonstrated performance level. The policy is available at:

http://www.mq.edu.au/policy/docs/disruption_studies/policy.html

If a supplementary Examination is granted as a result of the Special Consideration process the examination will be scheduled after the conclusion of the offical examination period. Please note that the supplementary examination will be of the same format as the final examination.

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 Enquiry Service

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

Equity 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.

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/

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

Graduate Capabilities

Discipline Specific Knowledge and Skills

Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.

This graduate capability is supported by:

Learning outcomes

  • Distinguish between management and financial accounting and understand the various product costing, budgeting, and decision making techniques.
  • Conceptualise and analyse management accounting issues and information.
  • Demonstrate competencies in the use of excel spreadsheets and essential formulas used in management accounting.
  • Apply appropriate management accounting concepts and techniques to solve business problems.

Assessment tasks

  • Case Study Presentation
  • Excel Assignment
  • In Class Tests
  • Final Examination

Critical, Analytical and Integrative Thinking

We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.

This graduate capability is supported by:

Learning outcomes

  • Distinguish between management and financial accounting and understand the various product costing, budgeting, and decision making techniques.
  • Conceptualise and analyse management accounting issues and information.
  • Apply appropriate management accounting concepts and techniques to solve business problems.

Assessment tasks

  • Case Study Presentation
  • Excel Assignment
  • In Class Tests
  • Final Examination

Capable of Professional and Personal Judgement and Initiative

We want our graduates to have emotional intelligence and sound interpersonal skills and to demonstrate discernment and common sense in their professional and personal judgement. They will exercise initiative as needed. They will be capable of risk assessment, and be able to handle ambiguity and complexity, enabling them to be adaptable in diverse and changing environments.

This graduate capability is supported by:

Learning outcomes

  • Distinguish between management and financial accounting and understand the various product costing, budgeting, and decision making techniques.
  • Conceptualise and analyse management accounting issues and information.

Assessment tasks

  • Excel Assignment
  • In Class Tests
  • Final Examination

Effective Communication

We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.

This graduate capability is supported by:

Learning outcomes

  • Distinguish between management and financial accounting and understand the various product costing, budgeting, and decision making techniques.
  • Conceptualise and analyse management accounting issues and information.
  • Develop teamwork and presentation skills.

Assessment tasks

  • Case Study Presentation
  • In Class Tests
  • Final Examination

Changes from Previous Offering

Compared to previous offerings a one off three hour workshop will be provided during the session to facilitate the development of students' excel skills.

Research and Practice, Global and Sustainability

In addition to the course materials and textbook, students are encouraged to consult different sources and search for external reading materials and practical reports. This will enhance their understanding of the unit concepts and support their learning process. Listed below are some journals relevant to this unit. Access these journals via the databases web page within the university's library webpage.

  • Accounting, Organizations and Society
  • Management Accounting Research
  • Journal of Management Accounting Research
  • Journal of Applied Management Accounting Research

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 classes. 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.