Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit convenor
Nandini Krishna Kumar
Contact via nandini.kumar@mq.edu.au
Level 3 Room 355, 4ER Building
TBA
Moderator
Kevin Baird
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
(ACCG611 or ACCG6011) and admission to MAccg or MAccLead or MAccg(Adv) or MCom or MProfAcc or MProfAccgLead
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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 focuses on the generation of information for internal decision making and examines how cost information is developed and used within organisations. A number of different costing and budgeting techniques are explained, and students are required to apply these techniques to case study scenarios. By the end of this unit, students will have developed a sophisticated level of understanding of which techniques are most appropriate in a particular situation. Students will also have developed their excel, problem-solving, communication and presentation skills. |
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:
Assessment task 1: Class Participation 15%
This assessment item contains two components. The first component relates to virtual work experience (VWE). The students are required to prepare a report based on a self-reflection on the selected work program through the VWE platform. This component accounts for 5% of the total assessment. Students should refer to ilearn for more details about this assessment component.
The second component relates to class participation. Students are expected to actively participate in class discussions. The participation mark will be a result of attempting to participate, as well as the quality and frequency of that participation. It is expected that students attend all the classes. Students are expected to arrive at the class on time and to remain in the class for their duration unless prior arrangements have been made with your teacher. The quality of class participation (10%) will be assessed by staff using the following criteria:
Assessment task 2: Quiz (10%)
Quiz will be conducted during the workshop in week 8. The quiz will cover the topics covered in Week 1 to Week 6. Further information will be provided via announcements on the ilearn website.
Assessment task 3: Excel Assignment (15%)
Students are required to listen to an online lecture provided on the ilearn website regarding excel skills. The excel assessment task is available on ilearn.
The assignment must be submitted by clicking on ‘submit excel assignment’ on the ilearn website. The assignment must be submitted by 11.55pm on Friday 13th Oct 2023.
For enquiries in relation to the excel assignment, please contact Ms Nicky Bull via nicole.bull@mq.edu.au. More details about the excel assignment will be uploaded on ilearn during the session.
Assessment task 4: Final examination (60%)
A final examination is included as an assessment task for this unit to provide assurance that:
A final examination for this unit will be held during the University Examination period.
All material covered in the course will be examinable. Further details on the final exam will be made available via the unit website late in the session. The use of a dictionary in the final examination is not permitted.
Late Assessment Submission Penalty
Unless an application for Special Consideration 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, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration
Name | Weighting | Hurdle | Due |
---|---|---|---|
Class Participation | 15% | No | Weeks 2 to 12 |
Quiz/Test | 10% | No | Week 8 Workshop |
Excel Assignment | 15% | No | Week 10 Friday 13 Oct 2023 11.55pm |
Final Examination | 60% | No | 6 Nov- 24 Nov 2023 |
Assessment Type 1: Participatory task
Indicative Time on Task 2: 24 hours
Due: Weeks 2 to 12
Weighting: 15%
This assessment task requires students to complete the weekly assignment questions and to participate in weekly activities conducted during seminars. Assessment marks will be awarded based on student’s performance in relation to these weekly tasks.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Week 8 Workshop
Weighting: 10%
Students will be required to complete a quiz/test to be held during the session. Students are to refer to iLearn for quiz information.
Assessment Type 1: Quantitative analysis task
Indicative Time on Task 2: 10 hours
Due: Week 10 Friday 13 Oct 2023 11.55pm
Weighting: 15%
Students are provided with a recorded Excel virtual session, providing instructions and online materials (video tutorials, digital handouts, and Excel template). Students are then required to complete an Excel assignment addressing the key learning outcomes.
Assessment Type 1: Examination
Indicative Time on Task 2: 36 hours
Due: 6 Nov- 24 Nov 2023
Weighting: 60%
A two-hour examination will be held during the University Examination period.
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
The unit will comprise of 3 hours of teaching per week. 1 hour of lecture will be prerecorded and posted on ilearn and 2 hours will be in the form of a face-to-face workshop. Students are expected to watch the prerecorded lecture for 1 hour and attend the 2 hour workshop. The workshop will comprise of discussion of selected homework questions and completion of in-class questions for submission. Students should attend the workshop they are enrolled in.
Week |
Topic |
Prescribed Reading |
24 July |
Introduction |
Chapter 1 |
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Basic cost concepts and terms |
Chapter 2 |
31 July |
Cost Behaviour |
Chapter 3 |
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Cost Volume Profit Analysis |
Chapter 18 pp.823-850 |
7 Aug |
Information for decision making |
Chapter 19 |
14 Aug |
Pricing and Product mix decisions |
Chapter 20 |
21 Aug |
Product costing systems |
Chapter 4 |
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Service costing (Self Study) |
Chapter 6 |
28 Aug |
A Closer look at Overhead costs |
Chapter 7 pp.277-305 |
4 Sept |
Activity based costing |
Chapter 8 |
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Mid Session Break |
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25 Sept |
Absorption and Variable costing |
Chapter 7 pp.306-311 |
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Managing Inventory |
Chapter 15 pp.673-683 |
2 Oct |
Budgeting |
Chapter 9 |
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Chapter 11 pp.493-498 |
9 Oct |
Standard Costing for Control |
Chapter 10 |
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Chapter 11 pp.498-513 |
16 Oct | Performance measurement systems | Chapter 12 pp.539-545 |
Chapter 13 pp.587-593 | ||
23 Oct | Strategic performance measurement systems | Chapter 14 |
30 Oct | Revision |
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.
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 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
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.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
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.
Macquarie University offers a range of Student Support Services including:
Got a question? Ask us via AskMQ, or contact Service Connect.
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