Students

ACCG2000 – Management Accounting

2024 – Session 2, Online-scheduled-In person assessment, 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
Amy Tung
manamy.tung@mq.edu.au
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.

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 oneand 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 Schedule

e

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

 

Class 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