Students
MMBA8040 – Accounting for Management
2020 – MGSM term 4, Fully online/virtual
Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.
To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Coordinator
John-Paul Monck
Unit Moderator
Rahat Munir
|
|---|---|
| Credit points |
Credit points
10
|
| Prerequisites |
Prerequisites
Admission to MBA or PGDipMgt or GradDipMgt or GradCertMgt or MSocEntre or GradCertSocEntre
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| Corequisites |
Corequisites
|
| Co-badged status |
Co-badged status
|
| Unit description |
Unit description
This unit equips managers with the skills and tools to construct, analyse, interpret and act upon the accounting and financial information produced within a business. This discussion and analysis begins with the three financial statements targeted at external users: the Profit and Loss Statement, the Balance Sheet, and the Statement of Cash Flows. The unit then proceeds into the analysis, interpretation, and the use of management accounting information for the purpose of managerial decision making. Real life complexities in the decision making process are highlighted. |
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: Apply models employed in management decision making to solve problems.
- ULO2: Evaluate a range of business indicators to measure and track the firm’s value creation.
- ULO3: Critically analyse the implications of a firm’s decisions/strategies for a range of stakeholders in view of the firm’s strategic considerations.
- ULO4: Apply finance, accounting and economic theories, frameworks and methods to make business decisions.
General Assessment Information
- Participation will be graded on the basis of:
- Meaningful discussion in the 'live' class setting where opportunity arises; and
- contribution on the discussion forums throughout term.
- The Syndicate Assignment shall be submitted via Turnitin on iLearn at the end of Week 10. Further details to be provided in class and on iLearn.
- The Final Examination shall take place during the formal examination period as established by Macquarie Business School. The examination timetable shall set out the specific timing of the exam, which shall be completed through iLearn. Further details shall be provided in class.
Assessment Tasks
| Name | Weighting | Hurdle | Due |
|---|---|---|---|
| Syndicate Report | 40% | No | End of Week 10 |
| Participation | 10% | No | Throughout Term |
| Final Exam | 50% | No | Formal Examination Period |
Syndicate Report
Assessment Type 1: Project
Indicative Time on Task 2: 25 hours
Due: End of Week 10
Weighting: 40%
Students are required to undertake an analysis of a range of aspects of a company listed on the Australian Stock Exchange. You are required to analyse the performance of the organisation (including strategic considerations) and provide critiques and recommendations.
On successful completion you will be able to:
- Apply models employed in management decision making to solve problems.
- Evaluate a range of business indicators to measure and track the firm’s value creation.
- Critically analyse the implications of a firm’s decisions/strategies for a range of stakeholders in view of the firm’s strategic considerations.
- Apply finance, accounting and economic theories, frameworks and methods to make business decisions.
Participation
Assessment Type 1: Participatory task
Indicative Time on Task 2: 10 hours
Due: Throughout Term
Weighting: 10%
Students are required to review reading materials (including case studies) and participate in a weekly discussion on the practical application of concepts learned in this unit.
On successful completion you will be able to:
- Apply models employed in management decision making to solve problems.
- Evaluate a range of business indicators to measure and track the firm’s value creation.
- Critically analyse the implications of a firm’s decisions/strategies for a range of stakeholders in view of the firm’s strategic considerations.
- Apply finance, accounting and economic theories, frameworks and methods to make business decisions.
Final Exam
Assessment Type 1: Examination
Indicative Time on Task 2: 15 hours
Due: Formal Examination Period
Weighting: 50%
The final exam is of 2 hours duration. It will be open book and covers the content of the course.
On successful completion you will be able to:
- Apply models employed in management decision making to solve problems.
- Evaluate a range of business indicators to measure and track the firm’s value creation.
- Apply finance, accounting and economic theories, frameworks and methods to make business decisions.
1 If you need help with your assignment, please contact:
- the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
- the Writing Centre for academic skills support.
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Delivery and Resources
RECOMMENDED TEXT
There is no required textbook for this unit. The following textbook is suggested:
Atrill, P., McLaney, E., & Harvey, D., 2018, Accounting for Non-Specialists, 7th Edition, Pearson Australia, ISBN: 978-1-4886-1258-9
DELIVERY FORMAT
The class shall be delivered in a 'blended' mode, comprising of some recorded lectures; some live Zoom sessions; the continuous asynchronous opportunity to use the discussion forum throughout term; and additional consultations on an as-needs or ad-hoc basis. The intention behind this is to minimise fatigue and maximise the opportunity to learn and apply new skills that will be valuable in your business studies, in addition to your career ahead.
EMAIL USE
It is University policy that the University issued email account will be used for official University communication. All students are required to access their University account frequently. Only contact Macquarie University staff (including tutors), using your official MQ student’s account because this is one method used to verify your identity.
Unit Schedule
| Session | Topic | Primary Readings | Optional Textbook Reading |
| 1 | The Nature of Accounting | Unit Notes – Topic 1 | AMH (Textbook) Chapters 1 & 4 |
| 2 | Balance Sheets and Profit and Loss Statements | Unit Notes – Topic 2 | AMH (Textbook) Chapters 2 & 3 |
| 3 | Statement of Cash Flows | Unit Notes – Topic 3 | AMH (Textbook) Chapter 6 |
| 4 | Working Capital Management | Unit Notes – Topic 4 | AMH (Textbook) Chapter 13 |
| 5 | Financial Statement Analysis | Unit Notes – Topic 5 | AMH (Textbook) Chapter 8 |
| 6 | Financial Statement Analysis: DuPont Model | Unit Notes – Topic 6 | |
| 7 | Financial Statement Analysis: Managing for Sustainable Growth | Unit Notes – Topic 7 | |
| 8 | Cost Behaviour and Analysis | Unit Notes – Topic 8 | AMH (Textbook) Chapters 9 & 10 |
| 9 | Short-Term Management Planning | Unit Notes – Topic 9 | AMH (Textbook) Chapter 7 |
| 10 | Budgeting | Unit Notes – Topic 10 | AMH (Textbook) Chapter 11 |
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:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Grade Appeal Policy
- Complaint Management Procedure for Students and Members of the Public
- Special Consideration Policy (Note: The Special Consideration Policy is effective from 4 December 2017 and replaces the Disruption to Studies Policy.)
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.