Students

ACCG946 – Advanced Performance Management

2018 – S1 Weekend

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit convenor
Gareth Wilson
gareth.wilson@mq.edu.au
Moderator
Kevin Baird
kevin.baird@mq.edu.au
Credit points Credit points
4
Prerequisites Prerequisites
ACCG926
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description
This unit requires students to analyse and apply strategic management accounting techniques in a variety of business contexts. Students will examine organisational performance measures and apply them to evaluate an organisation and its compliance with strategic goals. Knowledge, skills and professional judgement will be required in applying performance measures and making recommendations.

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:

  • Use and apply strategic planning models to monitor organisational performance.
  • Identify and evaluate relevant economic and market factors that influence organisational performance.
  • Evaluate effective performance management and monitoring systems including strategic performance measurement techniques.
  • Advise clients and management on an organisations strategic performance.
  • Identify current developments and emerging issues in management accounting and performance measurement.

Assessment Tasks

Name Weighting Hurdle Due
Assignments 40% No 14/04/18 & 19/05/18
Final Exam 60% No Formal Exam Period

Assignments

Due: 14/04/18 & 19/05/18
Weighting: 40%

Assignments 1 & 2 to be completed at home, Based on Exam Standard Questions on the material covered to date.

Extension: No extension will be granted, except in circumstances where an application for special consideration is made and approved.

Penalties: A mark of zero will be awarded for non-completion.
On successful completion you will be able to:
  • Use and apply strategic planning models to monitor organisational performance.
  • Identify and evaluate relevant economic and market factors that influence organisational performance.
  • Evaluate effective performance management and monitoring systems including strategic performance measurement techniques.
  • Advise clients and management on an organisations strategic performance.
  • Identify current developments and emerging issues in management accounting and performance measurement.

Final Exam

Due: Formal Exam Period
Weighting: 60%

Final Exam based on ACCA P5 Exam format

Extension: No extension will be granted, except in circumstances where an application for special consideration is made and approved.

Penalties: A mark of zero will be awarded for non-attendance.
On successful completion you will be able to:
  • Use and apply strategic planning models to monitor organisational performance.
  • Identify and evaluate relevant economic and market factors that influence organisational performance.
  • Evaluate effective performance management and monitoring systems including strategic performance measurement techniques.
  • Advise clients and management on an organisations strategic performance.
  • Identify current developments and emerging issues in management accounting and performance measurement.

Delivery and Resources

Classes:

Students are required to attend six 6 hour and one 3 hour face-to-face seminars. The timetable for

classes is on the University website at http://www.timetables.mq.edu.au/

Required Texts and Materials:

Kaplan Publishing. ACCA P5 Complete Text Advanced Performance Management (APM).

ISBN 978-1-78415-819-4

Kaplan Publishing. ACCA P5 Exam Kit Advanced Performance Management (APM)

ISBN 978-1-78415-838-5

There will be supplemental readings and materials available on the unit website.

The following Journal is useful as an additional reference: ACCA's Student Accountant

magazine.

TECHNOLOGY USED AND REQUIRED

Students are expected to have:

Proficiency in Word, Excel and Powerpoint Knowledge of Macquarie University iLearn - for

downloading lecture materials, etc.

Knowledge of the library research databases - for accessing additional research material.

Access to a personal computer to be able to access iLearn and submit completed assessment

material online.

UNIT WEB PAGE

Course content is available on the learning management system (iLearn). The web page for this

unit is at http://mq.edu.au/iLearn/index.htm

Unit Schedule

1

(3rd March 2018)

Introduction to Strategic Management Accounting:

  1. Strategic Management Accounting
  2. Mission and objectives
  3. Critical Success Factors
  4. Benchmarking
  5. SWOT and BCG Matrix
  6. Porters generic strategies
  7. Ansoff Matrix

Environmental Influences:

  1. PEST
  2. Porters 5 Forces
  3. Impact of stakeholders and Mendelow’s Matrix
  4. Ethical Issues and Corporate Social Responsibility
  5. Impact of risk and uncertainty on performance management.

 

 

2

(17th March 2018)

Budgeting

  1. Functions of budgeting, including planning and forecasting, coordination and control and effect on motivation.
  2. Types of budgeting techniques
  3. Learning Curve
  4. Beyond Budgeting

Business Structure and Performance Management:

  1. Accounting needs of service vs traditional manufacturing industry
  2. Types of organisational structure
  3. Porter’s value chain
  4. Joint Ventures, Strategic Alliances and Multinationals.
  5. Mckinsey 7s Model
  6. Business Process Re-engineering.

The Impact of IT:

  1. Types of management information systems and impact on performance management.

3

(31st March 2018)

(Assignment 1 given to Students due 14th April)

 

 

Performance Reports for Management:

  1. Qualities of Financial Reports
  2.  Problems with Quantitative Data
  3. Qualitative Information

Human Resource Management:

  1. Purpose of reward systems
  2. Methods of rewards
  3. Berry, Broadbent and Otley – Dysfunctional Behaviour
  4. Hopwood management styles

4

(14th April 2018)

Financial performance measures in the private sector:

  1. Profitability Measures
  2. Project appraisal techniques including NPV, IRR and MIRR
  3. Liquidity Measures
  4. Risk Measures

 Divisional Performance Appraisal and Transfer Pricing:

  1. Return on investment and Residual Income.
  2. Economic Value Added
  3. Value based management
  4. Transfer Pricing and Performance Management.

Performance Management in Not for Profit Organisations:

  1. Differences of not for profit organisations versus the private sector
  2. 3 E’s
  3. League Tables.

 5

(5th May 2018)

 

(Assignment 2 given to Students due 19th May)

Non-Financial Performance Indicators:

  1. The Balanced Scorecard
  2. Fitzgerald and Moon.
  3. Performance Pyramid.

Corporate Failure:

  1. Altman’s Z Score
  2. Argenti’s A Score
  3. Preventing corporate failure
  4. Life cycle issues

The role of quality in performance management:

  1. ISO 9000
  2. Quality related costs
  3. Kaizen costing
  4. Total Quality Management
  5. Just in time.
  6. Target Costing
  7. Six Sigma

Environmental Management Accounting:

  1. Types of environmental costs
  2. Environmental management accounting techniques.

6

(19th May 2018)

Revision and Exam Practice

7

(2nd June 2018)

Revision and Exam Practice

 

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct​

Results

Results shown in iLearn, 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.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.

Student Services and Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

Student Enquiries

For all student enquiries, visit Student Connect at ask.mq.edu.au

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.

Graduate Capabilities

PG - Discipline Knowledge and Skills

Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.

This graduate capability is supported by:

Learning outcomes

  • Use and apply strategic planning models to monitor organisational performance.
  • Identify and evaluate relevant economic and market factors that influence organisational performance.
  • Evaluate effective performance management and monitoring systems including strategic performance measurement techniques.
  • Advise clients and management on an organisations strategic performance.
  • Identify current developments and emerging issues in management accounting and performance measurement.

Assessment tasks

  • Assignments
  • Final Exam

PG - Critical, Analytical and Integrative Thinking

Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.

This graduate capability is supported by:

Learning outcomes

  • Use and apply strategic planning models to monitor organisational performance.
  • Identify and evaluate relevant economic and market factors that influence organisational performance.
  • Evaluate effective performance management and monitoring systems including strategic performance measurement techniques.
  • Advise clients and management on an organisations strategic performance.
  • Identify current developments and emerging issues in management accounting and performance measurement.

Assessment tasks

  • Assignments
  • Final Exam

PG - Effective Communication

Our postgraduates will be able to communicate effectively and convey their views to different social, cultural, and professional audiences. They will be able to use a variety of technologically supported media to communicate with empathy using a range of written, spoken or visual formats.

This graduate capability is supported by:

Learning outcomes

  • Use and apply strategic planning models to monitor organisational performance.
  • Identify and evaluate relevant economic and market factors that influence organisational performance.
  • Evaluate effective performance management and monitoring systems including strategic performance measurement techniques.
  • Advise clients and management on an organisations strategic performance.
  • Identify current developments and emerging issues in management accounting and performance measurement.

Assessment tasks

  • Assignments
  • Final Exam