Students

ACCG2000 – Management Accounting

2023 – Session 2, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Sophia Su
sophia.su@mq.edu.au
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

Name Weighting Hurdle Due
Final Examination 60% No University exam period
Class Test 20% No Week 7 and week 11 tutorial
Excel Assignment 10% No 28th August- 2023
Weekly Assignment 10% No Ongoing on a weekly basis

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 40 hours
Due: University exam period
Weighting: 60%

 

A two-hour examination will be held during the University Examination period.

 
On successful completion you will be able to:
  • Distinguish between management and financial accounting and assess business operations using various product costing, budgeting and decision-making techniques
  • Discuss and analyse management accounting issues and information.
  • Apply appropriate management accounting concepts and techniques to formulate informed solutions to business problems.

Class Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Week 7 and week 11 tutorial
Weighting: 20%

 

Two tests (10%) will be conducted during the session.

 
On successful completion you will be able to:
  • Distinguish between management and financial accounting and assess business operations using various product costing, budgeting and decision-making techniques
  • Discuss and analyse management accounting issues and information.
  • Apply appropriate management accounting concepts and techniques to formulate informed solutions to business problems.

Excel Assignment

Assessment Type 1: Quantitative analysis task
Indicative Time on Task 2: 10 hours
Due: 28th August- 2023
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.

 
On successful completion you will be able to:
  • Use Microsoft Excel for fundamental managerial accounting planning, control and evaluation tasks.
  • Apply appropriate management accounting concepts and techniques to formulate informed solutions to business problems.

Weekly Assignment

Assessment Type 1: Participatory task
Indicative Time on Task 2: 10 hours
Due: Ongoing on a weekly basis
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.

 
On successful completion you will be able to:
  • Distinguish between management and financial accounting and assess business operations using various product costing, budgeting and decision-making techniques
  • Discuss and analyse management accounting issues and information.
  • Apply appropriate management accounting concepts and techniques to formulate informed solutions to business problems.

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

Lecture

Week

Week

commencing:

 

Topic

 

Prescribed references

 

1

 

24th July

 

Introduction & Basic cost concepts and terms

Chapter 1

Chapter 2

Chapter 3

2

 

  31st July

 

  Cost Volume Profit Analysis

       Chapter 18

3

 

  7th August

 

Product Costing Systems – Job Costing

Chapter 4 pp.125-136 and pp.138-151

4

 

  14th August

 

Excel Lecture

 

All excel videos and   

 the excel assignment

 

5

 

21st August

 

Process Costing

 

 

 Chapter 4 pp.136-138 and

pp.151-154;

 Chapter 5 pp.177-184

 

6

 

28th August

 

A Closer Look at Overhead Costs

Excel Assignment due on Monday 28th August at 11:55pm

 

             

              Chapter 7

7

 

4th September

 

Activity-Based Costing

Online Test 1 due in your tutorial

 

 

 

              Chapter 8

 

MID-SESSION BREAK (From 11th to 24th September)

 

 

8

 

 25th September

 

Absorption and Variable Costing

Service Costing

 

 

Chapter 6

Chapter 7 pp.306-311

 

9

 

 3rd October

 

Information for Decisions

 

 

      Chapter 19

 

10

 

 

 9th October

 

 

Product Mix Decisions

 

 

  Chapter 20 pp. 933-938;     

  pp. 945-947; pp. 952-955

 

11

 

16th October

 

Budgeting

Online Test 2 due in your tutorial

 

Chapter 9

 Chapter 11 pp. 494-498

12

 

23rd October

 

Standard Costing for Control

             Chapter 10

   Chapter 11 pp. 498-511

13

 

 30th October

 

Final Exam Revision

 

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Academic Integrity

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Unit information based on version 2023.07 of the Handbook