Students

ACCG2000 – Management Accounting

2020 – Session 1, Weekday attendance, North Ryde

Coronavirus (COVID-19) Update

Due to the Coronavirus (COVID-19) pandemic, any references to assessment tasks and on-campus delivery may no longer be up-to-date on this page.

Students should consult iLearn for revised unit information.

Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Amy Tung
4ER 340
Monday 10am-12pm
Moderator
Kevin Baird
4ER 209
Credit points Credit points
10
Prerequisites Prerequisites
50cp at 1000 level or above including ACCG100 or ACCG1000 or ACCG106
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit is the first of the two units in cost and management accounting that are required for accreditation with CPA Australia, the Chartered Accountants Australia and New Zealand (CAANZ) 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: 1) using costs for decision making; 2) costing techniques (job/process costing and cost allocations); and 3) budget setting and evaluating performance against the budget. By the end of the unit, students are able to distinguish 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.

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:

  • ULO1: Distinguish between management and financial accounting and assess business operations using various product costing, budgeting and decision-making techniques
  • ULO2: Discuss and analyse management accounting issues and information.
  • ULO3: Use Microsoft Excel for fundamental managerial accounting planning, control and evaluation tasks.
  • ULO4: Apply appropriate management accounting concepts and techniques to formulate informed solutions to business problems.

Assessment Tasks

Coronavirus (COVID-19) Update

Assessment details are no longer provided here as a result of changes due to the Coronavirus (COVID-19) pandemic.

Students should consult iLearn for revised unit information.

Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students

General Assessment Information

In Class Test

Submission: The in-class tests will be held in week 6 and week 10. Students MUST attend their registered tutorial to take the test.

Extension: No extension will be granted.

Penalties: Students who have not attended the test in their registered tutorial will be awarded a mark of 0 for the task. 

This penalty does not apply for cases in which an application for Special Consideration is made and approved. Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time.

Feedback: Test papers with feedback will be returned to students in the week 7 and week 11 tutorials.

 

Weekly Assignment 

Submission: Students are required to submit the weekly assignments to their tutor by the end of their registered tutorial class.

Extension: No extension will be granted.

Penalties: A mark of ZERO will be given for non-submission. This penalty does not apply for cases in which an application for Special Consideration is made and approved. Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time.

Feedback: Feedback will be provided in the next tutorial following the collection of each assignment.

 

Excel Assignment

Submission: Students are required to complete and submit the excel assignment via iLearn by 6 p.m. Friday 1st May (Week 8).

Penalties: 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 Special Consideration is made and approved. Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time.

Feedback: A feedback sheet will be provided to each student in week 12 via iLearn.

 

Delivery and Resources

Coronavirus (COVID-19) Update

Any references to on-campus delivery below may no longer be relevant due to COVID-19.

Please check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status

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 the unit website by the end of each lecture. Students are advised to note that any changes to tutorial classes must be made online through eStudent. Students wishing to change their tutorial time should login to eStudent 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 in a one-off three hour excel workshop during the mid session break via eStudent. Students must attend their registered workshop and any changes must be made online through eStudent.

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, David A. Smith, Paul Andon, Ronald W. Hilton and Helen Thorne, 8th Edition, 2018,McGraw-Hill.

Access to this text is essential for lecture references and for tutorial questions. This text can be purchased online from Booktopia https://www.booktopia.com.au/coop 

 

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 this website. Alternatively, use the help feature provided. Make sure that when you have finished 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 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.

Unit Schedule

Coronavirus (COVID-19) Update

The unit schedule/topics and any references to on-campus delivery below may no longer be relevant due to COVID-19. Please consult iLearn for latest details, and check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status

 

Lecture Week

Week commencing:

Topic

Prescribed references

1

24th February

Introduction & Basic cost concepts and terms

Chapter 1; Chapter 2; Chapter 3

2

2nd March

Cost Volume Profit Analysis

Chapter 18

3

9th March

Product Costing Systems – Job Costing

Chapter 4 pp.132-144 and pp.147-159

4

16th March

Excel Lecture (Wednesday 18th April)

All excel videos and the excel assignment

5

23rd March

Process Costing

Chapter 4 pp.145-146 and pp.160-163; Chapter 5 pp.185-197

6

30th March

A Closer Look at Overhead Costs

Chapter 7

7

6th April

Activity-Based Costing

Chapter 8

MID-SESSION BREAK (From 13th April to 24th April)

8

27th April

Service Costing 

Excel assignment due on Friday 1st May at 6pm

Chapter 6

9 4th May

Information for Decisions

Chapter 19

10

11th May

Product Mix Decisions

Chapter 20 pp. 980-983 and pp. 988-991

11

18th May

Budgeting

Chapter 9; Chapter 11 pp. 522 – 528

12

25th May

Standard Costing for Control

Chapter 10; Chapter 11 pp. 529-546

13

1st June

Final Exam Revision

 

 

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/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/study/getting-started/student-conduct​

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) 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 or if you are a Global MBA student contact globalmba.support@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 help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

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

If you are a Global MBA student contact globalmba.support@mq.edu.au

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.