Students

ACCG2000 – Management Accounting

2023 – Session 1, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Dr Amy Tung
manamy.tung@mq.edu.au
Level 3 Room 340, 4ER Building
TBA
Lecturer (Excel)
Nicky Bull
nicole.bull@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.

General Assessment Information

Late Assessment Submission Penalty   

Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.   

For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration. 

 

Assessment Tasks

Name Weighting Hurdle Due
Excel Assignment 10% No Week 6 Friday 31st March at 6 p.m.
Weekly Assignment 10% No Ongoing
Final Examination 60% No During the University Exam Period
Online In-class Test 20% No Week 7 Saturday 8th April; Week 11 Saturday 20th May

Excel Assignment

Assessment Type 1: Quantitative analysis task
Indicative Time on Task 2: 10 hours
Due: Week 6 Friday 31st March at 6 p.m.
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
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.

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 40 hours
Due: During the 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.

Online In-class Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Week 7 Saturday 8th April; Week 11 Saturday 20th May
Weighting: 20%

 

Two online 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.

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

Please refer to iLearn for details of Delivery and Resources.

Unit Schedule

UNIT SCHEDULE

Lecture

Week

Week

Commencing:

 

Topic

 

Prescribed references

1

20th Feb

Introduction & Basic cost concepts and terms

Chapter 1

Chapter 2

Chapter 3

2

27th Feb

Cost Volume Profit Analysis

Chapter 18

3

6th Mar

Product Costing Systems – Job Costing

Chapter 4 pp.125-136 and pp.138-151

4

13th Mar

Excel Lecture

All excel videos and the excel assignment

5

20th Mar

Process Costing

Chapter 4 pp.136-138 and pp.151-154;

Chapter 5 pp.177-184

6

27th Mar

A Closer Look at Overhead Costs

(Excel Assignment due on Friday 31st March at 6 p.m.)

Chapter 7
7 3th Apr

Activity-Based Costing

(Online Test 1 Saturday 8th April)

 Chapter 8
Mid Session Break 10th April -  23th April 

8

24th Apr

Service Costing 

Absorption and Variable Costing

Chapter 6

Chapter 7 p.306- p.311

9

1st May

Information for Decisions

Chapter 19

10

8th May

Product Mix Decisions

Chapter 20 pp. 933-938; pp. 945-947; pp. 952-955

11

15th May

Budgeting

(Online Test 2 Saturday 20th May)

Chapter 9

Chapter 11 pp. 494 –498

12

22nd May

Standard Costing for Control

Chapter 10

Chapter 11 pp. 498-511

13

29th May

Final Exam Revision

 

 

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 2023.05 of the Handbook