Session 2 Learning and Teaching Update
The decision has been made to conduct study online for the remainder of Session 2 for all units WITHOUT mandatory on-campus learning activities. Exams for Session 2 will also be online where possible to do so.
This is due to the extension of the lockdown orders and to provide certainty around arrangements for the remainder of Session 2. We hope to return to campus beyond Session 2 as soon as it is safe and appropriate to do so.
Some classes/teaching activities cannot be moved online and must be taught on campus. You should already know if you are in one of these classes/teaching activities and your unit convenor will provide you with more information via iLearn. If you want to confirm, see the list of units with mandatory on-campus classes/teaching activities.
Visit the MQ COVID-19 information page for more detail.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Associate Professor Sophia Su
Contact via email
Level 3 Room 338 4ER Building
Monday 10-11am; Wednesday 5-6pm
Lecturer (excel)
Nicky Bull
Contact via email
6th Sep 6-7pm; and 8th Sep 4-5pm
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
50cp at 1000 level or above including ACCG100 or ACCG1000 or ACCG106
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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 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. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
---|---|---|---|
Final Examination | 60% | No | Session 2 2021 Final exam period |
Weekly Assignment | 10% | No | Weeks 2 to 13 |
Online In-class Test | 20% | No | Week 5 (28th August) and Week 10 (16th October) |
Excel Assignment | 10% | No | Week 7 (6pm Friday 10th September) |
Assessment Type 1: Examination
Indicative Time on Task 2: 40 hours
Due: Session 2 2021 Final exam period
Weighting: 60%
A two hours online exam for this unit will be held during the University Examination period.
Assessment Type 1: Participatory task
Indicative Time on Task 2: 10 hours
Due: Weeks 2 to 13
Weighting: 10%
Students are expected to make a genuine attempt at completing the weekly assigned tutorial questions. During the session, five weekly assignments (2% each) will be randomly collected and assessed by the tutor. Further details on the weekly assignment will be made available via the unit website.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Week 5 (28th August) and Week 10 (16th October)
Weighting: 20%
Two online tests (10%) will be conducted during the session.
Assessment Type 1: Quantitative analysis task
Indicative Time on Task 2: 10 hours
Due: Week 7 (6pm Friday 10th September)
Weighting: 10%
The excel assignment will allow students to demonstrate competences in the use of excel spreadsheets and their use in management accounting. Further details on the excel assignment will be made available via the unit website.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Classes
During the session, students should attend weekly three hours classes per topic consisting of a one-and half hour lecture and a one-and-half hour tutorial. The lecture will be online (recorded). The lecture will also be available via echo on the unit website. Tutorials are available either face to face on campus or online via zoom. 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.
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 center 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. Any other announcement regarding the unit will also be available from the website.
Lecture Week |
Week commencing: |
Topic |
Prescribed references |
1 |
26th July |
Introduction & Basic cost concepts and terms |
Chapter 1 Chapter 2 Chapter 3 |
2 |
2nd August |
Cost Volume Profit Analysis |
Chapter 18 |
3 |
9th August |
Product Costing Systems – Job Costing |
Chapter 4 pp.132-144 and pp.147-159 |
4 |
16th August |
Excel Lecture |
All excel videos and the excel assignment |
5 |
23rd August |
Process Costing Online test Saturday 28th August 10:30pm- 2:30pm
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Chapter 4 pp.145-146 and pp.160-163; Chapter 5 pp.185-197 |
6 |
30th August |
A Closer Look at Overhead Costs
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Chapter 7 |
7 |
6th September |
Activity-Based Costing Excel assignment due on Friday 10th September at 6pm |
Chapter 8 |
MID-SESSION BREAK (From 13 September to 26 September)
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8 |
27th September |
Service Costing
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Chapter 6 |
9 |
4th October |
Information for Decisions
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Chapter 19 |
10 |
10th October |
Product Mix Decisions Online test Saturday 16th October 10:30pm- 2:30pm |
Chapter 20 pp. 967-975; pp. 980-983; pp. 988-991 |
11 |
18th October |
Budgeting
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Chapter 9 pp. 417 -43, pp. 436-442 and pp. 447-451 Chapter 11 pp. 522 – 528 |
12 |
25th Octoboer |
Standard Costing for Control |
Chapter 10 Chapter 11 pp. 529-546 |
13 |
1st November |
Final Exam Revision |
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Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
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Unit information based on version 2021.02 of the Handbook