Students

ACCG2000 – Management Accounting

2024 – 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
Credit points Credit points
10
Prerequisites Prerequisites
40cp at 1000 level or above including ACCG1000
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

1. Assessed Coursework (30%)

Assessed coursework consists of two components: Weekly Assignment (15%) and Class Participation (15%).

Weekly Assignment 

The weekly assignments require students to complete the weekly homework questions provided on iLearn. Students are required to submit their weekly assignment via Turnitin on iLearn by 11 am on Mondays. During the session, 5 weekly assignments will be randomly selected and assessed. A maximum of 3 marks will be awarded for each weekly assignment assessed. 

Class Participation 

Students' participation during each tutorial will be marked out of 1.5 marks each week, accounting for 15% of the total grade (N.B. Tutorials will commence in week 2 and no participation will be assessed in week 7 and week 13). 

2. Class Test (50%)

Two online class tests will be conducted via iLearn in weeks 7 and 13 (PLEASE BRING YOUR LAPTOP TO CLASS). Further information will be provided via on iLearn.

No extension will be granted except for cases in which an application for special consideration is made and approved. A mark of zero will be awarded for non-submission.

3. Excel Assignment (20%)

Students are required to listen to an online lecture and study twenty (20) videos provided on iLearn regarding Excel skills. Students are required to complete and submit the Excel assignment via iLearn by 11:55pm on Monday 9 September (Week 8). More details about the Excel assignment will be available on iLearn in due course.

 

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. 

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
Assessed Coursework 30% No Weekly
Class Test 50% No Weeks 7 and 13
Excel Assignment 20% No 2024-09-09

Assessed Coursework

Assessment Type 1: Participatory task
Indicative Time on Task 2: 25 hours
Due: Weekly
Weighting: 30%

 

During the session, students’ coursework and class participation will be assessed. This includes: asking questions and engaging with other students and tutor and in-tutorial activities and discussions.

Students are expected to make a genuine attempt at completing the weekly assigned homework and tutorial questions which will be randomly collected and assessed by the tutor.

Further details will be in 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.

Class Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 40 hours
Due: Weeks 7 and 13
Weighting: 50%

 

Two class tests 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: 15 hours
Due: 2024-09-09
Weighting: 20%

 

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.

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

Classes

Students should attend three hours of face-to-face/online teaching per topic consisting of a one-and half hour lecture and a one-and-half hour tutorial. 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. 

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 Smith, Paul Andon, Ronald Hilton, and Helen Thorne, 9th edition 2021, McGraw-Hill.

Access to this text is essential for lecture references and revision 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 centre 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.

Unit Schedule

Lecture

Week

Week

commencing:

 

Topic

 

Prescribed references

 

1

 

22 July

 

Introduction & Basic cost concepts and terms

Chapter 1

Chapter 2

Chapter 3

2

 

  29 July

 

  Cost Volume Profit Analysis

       Chapter 18

3

 

  5 August

 

Product Costing Systems – Job Costing

 

 

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

4

 

  12 August

 

Process Costing

 

Chapter 4 pp.136-138 and

pp.151-154;

Chapter 5 pp.177-184

 

 

5

 

19 August

 

A Closer Look at Overhead Costs

 

 

Chapter 7

6

 

26 August

 

  Excel Lecture (pre-recorded)

 

             

All Excel videos and the Excel assignment

7

 

2 September

 

Activity-Based Costing

Class Test 1 due in your tutorial

 

 

 

              Chapter 8

 

8

 

 

 9 September

 

Absorption and Variable Costing

Service Costing

 

 

Chapter 6

Chapter 7 pp.306-311

 

MID-SESSION BREAK (From 16 to 29 September)

 

 

9

 

 30 September

 

Information for Decisions

 

 

      Chapter 19

 

10

 

 8 October

 

 Product Mix Decisions

 

 

  Chapter 20 pp. 933-938;    

  pp. 945-947; pp. 952-955

 

11

 

14 October

 

Budgeting

 

 

Chapter 9

 Chapter 11 pp. 494-498

12

 

21 October

 

Standard Costing for Control

             Chapter 10

   Chapter 11 pp. 498-511

13

 

 28 October

 

Online Test 2 due in your tutorial

 

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 connect.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 the Service Connect Portal, 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 2024.05 of the Handbook