Students

ACCG8121 – Managerial Accounting

2024 – Session 1, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Lecturer
Kevin Baird
kevin.baird@mq.edu.au
Contact via 98508532
4 Eastern Road, room 308
Wednesday 1-2pm
Moderator
Thanh Phan
thanh.phan@mq.edu.au
Contact via 98504813
4 Eastern Road, room 317
Credit points Credit points
10
Prerequisites Prerequisites
(Admission to GradCertAccgPrac or GradDipAccgPrac) OR ACCG6011
Corequisites Corequisites
Co-badged status Co-badged status
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.

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 management accounting concepts to assess and solve real-life case scenarios.
  • ULO2: Critically analyse data to determine the relevant information and costing techniques required to make decisions.
  • ULO3: Apply effective written and oral communication skills.
  • ULO4: Apply Excel spreadsheet functions to complete managerial accounting tasks.
  • ULO5: Explain the organisational environment in which a business operates including the design, structure and strategy aspects.

Assessment Tasks

Name Weighting Hurdle Due
Excel Assignment 10% No 11:55pm Friday 10th May
Class Participation 20% No Weeks 1-13 and VWE due 11:55pm Friday 12th April
Class Test 10% No Week 7 seminar
Final Examination 60% No Final exam period (3rd-21st June)

Excel Assignment

Assessment Type 1: Quantitative analysis task
Indicative Time on Task 2: 10 hours
Due: 11:55pm Friday 10th May
Weighting: 10%

 

Students are required to listen to an online lecture provided on ilearn regarding excel skills. The excel assessment task will be available on ilearn.

 
On successful completion you will be able to:
  • Apply Excel spreadsheet functions to complete managerial accounting tasks.

Class Participation

Assessment Type 1: Participatory task
Indicative Time on Task 2: 24 hours
Due: Weeks 1-13 and VWE due 11:55pm Friday 12th April
Weighting: 20%

 

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.

 
On successful completion you will be able to:
  • Apply management accounting concepts to assess and solve real-life case scenarios.
  • Critically analyse data to determine the relevant information and costing techniques required to make decisions.
  • Apply effective written and oral communication skills.
  • Explain the organisational environment in which a business operates including the design, structure and strategy aspects.

Class Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Week 7 seminar
Weighting: 10%

 

Students will be required to complete a class test during the session. The class test will cover the topics covered in Weeks 1 to 6. Further information will be provided via announcements on ilearn.

 
On successful completion you will be able to:
  • Apply management accounting concepts to assess and solve real-life case scenarios.
  • Critically analyse data to determine the relevant information and costing techniques required to make decisions.
  • Apply effective written and oral communication skills.
  • Explain the organisational environment in which a business operates including the design, structure and strategy aspects.

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 36 hours
Due: Final exam period (3rd-21st June)
Weighting: 60%

 

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

 
On successful completion you will be able to:
  • Apply management accounting concepts to assess and solve real-life case scenarios.
  • Critically analyse data to determine the relevant information and costing techniques required to make decisions.
  • Apply effective written and oral communication skills.
  • Explain the organisational environment in which a business operates including the design, structure and strategy aspects.

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

Students are required to attend a 3 hour seminar each week (Weeks 1-13).

Students are also expected to purchase the Langfield-Smith textbook - see details below.

Access to this text is essential for lecture references and for the weekly seminar questions. It will be assumed that students have access to this textbook as the lecturers go through the answers to selected seminar questions during class. This text can be purchased online from booktopia 

https://www.booktopia.com.au/coop

Unit Schedule

Seminar week

Week commencing

Topic

Prescribed references

1

 

19th February

Introduction

 

Basic cost concepts and terms

Chapter 1

 

Chapter 2

2

 

26th February

Cost behaviour

 

Cost Volume Profit Analysis

Chapter 3

 

Chapter 18 pp. 823-843; 845-850

3

4th March

Information for decision making

Chapter 19 pp. 871-893; 898-899.

 

4

11th March

Pricing and product mix decisions

Chapter 20 pp. 928-930; 935-938; 945-954

5

18th March

Product Costing Systems

 

Service costing (self study)

Chapter 4

 

Chapter 6

6

25th March

A Closer Look at Overhead Costs

Chapter 7 pp.277-305

7

1st April

Activity Based Costing

CLASS TEST

Chapter 8

 

8

 

 8th April

Absorption and variable costing

Managing Inventory

VWE due 11:55pm Friday 12th April

Chapter 7 pp. 306-311

 

Chapter 15 pp. 673-683

 

MID-SESSION BREAK (From 15th April to 26th April)

9

 

29th April

 

Budgeting

Chapter 9

 

Chapter 11 pp. 493-498

10

 

6th May

Standard Costing for Control

Excel due 11:55pm Friday 10th May

Chapter 10

 

Chapter 11 pp. 498-513

 

11

 

13th May

 

Performance measurement systems

 

Chapter 12 pp. 539-545;

Chapter 13 pp. 587-593

12

20th May

Strategic performance measurement systems

Chapter 14

13

27th May

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 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 2024.06 of the Handbook