Students

MMBA8040 – Accounting for Managers

2022 – Term 1, In person/Online-scheduled-weekday, City

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Dr Milica Misic
milica.misic@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MBA or PGDipMgt or GradDipMgt or GradCertMgt or MSocEntre or GradCertSocEntre
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit equips managers and potential managers with the skills and tools to construct, analyse, interpret, and act upon accounting, financial and non-financial information produced within a business to improve judgments and decisions. International and national contextual factors and theoretical frameworks are examined to provide insight into the complexities of financial decision making. The discussion and analysis begin with the three financial statements targeted at external users: statement of profit or loss, statement of financial position and statement of cash flows. The unit then proceeds into the analysis, interpretation of financial information, and the use of management accounting information for the purpose of managerial decision making. Research skills and 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 skills to investigate and propose well-reasoned solutions to make prudent financial judgements and decisions.
  • 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

Late submissions of assessments Unless a Special Consideration request has been submitted and approved, no extensions will be granted. There will be a deduction of 10% of the total available assessment-task marks made from the total awarded mark for each 24-hour period or part thereof that the submission is late. Late submissions will only be accepted up to 96 hours after the due date and time.

No late submissions will be accepted for timed assessments – e.g., quizzes, online tests.

Table 1: Penalty calculation based on submission time
Submission time after the due date (including weekends) Penalty (% of available assessment task mark) Example: for a non-timed assessment task marked out of 30
<24 hours 10% 10% x 30 marks = 3-mark deduction
24-48 hours 20% 20% x 30 marks = 6-mark deduction
48-72 hours 30% 30% x 30 marks = 9-mark deduction
72-96 hours 40% 40% x 30 marks = 12-mark deduction
>96 hours 100% Assignment won't be accepted

Special Consideration

To request an extension on the due date/time for a timed or non-timed assessment task, you must submit a Special Consideration application. An application for Special Consideration does not guarantee approval.

The approved extension date for a student becomes the new due date for that student. The late submission penalties above then apply as of the new due date

Assessment Tasks

Name Weighting Hurdle Due
Online Participation 10% No Weekly
Class Test 20% No Week 5
Syndicate Report 20% No Week 10
Final Exam 50% No University formal examination period

Online Participation

Assessment Type 1: Participatory task
Indicative Time on Task 2: 10 hours
Due: Weekly
Weighting: 10%

 

Students will be assessed on their class participation during the session.

 
On successful completion you will be able to:
  • Apply skills to investigate and propose well-reasoned solutions to make prudent financial judgements and decisions.
  • 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.

Class Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Week 5
Weighting: 20%

 

During the mid-session, a class test will be held.

 
On successful completion you will be able to:
  • Apply skills to investigate and propose well-reasoned solutions to make prudent financial judgements and decisions.
  • 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.

Syndicate Report

Assessment Type 1: Project
Indicative Time on Task 2: 25 hours
Due: Week 10
Weighting: 20%

 

Students are required to undertake an analysis of a range of aspects of a company listed on the Australian Stock Exchange. They 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 skills to investigate and propose well-reasoned solutions to make prudent financial judgements and decisions.
  • 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: University formal examination period
Weighting: 50%

 

The final exam is of 2 hours duration and will be conducted online. It will be open book and covers the content of the course.

 
On successful completion you will be able to:
  • Apply skills to investigate and propose well-reasoned solutions to make prudent financial judgements and decisions.
  • 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

 

TECHNOLOGY NEEDS

MGSM iLearn

The web page for this unit can be found at: https://ilearn.mq.edu.au/login/MGSM

 

DELIVERY FORMAT

Weekly class - please see iLearn for details.

Students are required to attend all classes.

 

SUGGESTED TEXT

Unit notes provide the key information and are written, where applicable, from the perspective of managers and executives.

 

While there is no required textbook for this unit, the following textbook is suggested for optional reading to provide background/supporting material where relevant:

Atrill, P., McLaney, E., Harvey, D. & Cong, L.M., 2020, Accounting: An Introduction, 8th Edition, Pearson Australia, ISBN: 978-1-4886-2569-5. 

 

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

The weekly topics and readings are as follows:

LECTURE SCHEDULE

Session Topic Primary Readings Optional - AMHC Textbook Reading
1 The Nature of Accounting Unit Notes – Topic 1  Chapters 1 & 4
2 Statement of Financial Position (Balance Sheet) and Statement of Financial Performance (Income Statement/Statement of Profit or Loss) Unit Notes – Topic 2  Chapters 2 & 3
3 Statement of Cash Flows Unit Notes – Topic 3  Chapter 6
4 Working Capital Management Unit Notes – Topic 4  Chapter 13
5 Financial Statement Analysis Unit Notes – Topic 5  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  Chapters 9 &10
9 Short-Term Management Planning Unit Notes – Topic 9  Chapter  9 
10 Budgeting Unit Notes – Topic 10  Chapter 11

Policies and Procedures

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.

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/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

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

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

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via AskMQ, or contact Service Connect.

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.

Unit information based on version 2022.05 of the Handbook