Overview
This unit builds on the concepts of managerial accounting introduced in first-year accounting. The unit develops numerous cost concepts and some pricing approaches. Students should employ critical thinking skills in applying these concepts and approaches to solve problems, make management accounting decisions and evaluate the impact of these decisions on profitability. Other topics covered include activity-based costing, capacity costing, product and service costing, the allocation of support-department and common costs and of revenues of bundled products. Budgeting concepts previously studied are extended and form the basis of computing variance analyses. Spreadsheets are used as a means to enhance students' competence in applying information technology in management accounting.
Details
Pre-requisites or Co-requisites
Prerequisite: ACCT11081 or ACCT19084
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 1 - 2018
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure – International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback – Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Student evaluations
Make solutions of on-line quizzes available.
A databank of questions for the on-line quizzes was developed from the publisher of the textbook's resources. This databank questions are used every term and every year and consequently cannot be made available.
Feedback from Student evaluations
The textbook is very well written, with lots of exercises and examples.
The textbook will be used for at least three years.
- Identify and discuss what management accounting encompasses, its role in decision making and control
- Apply numerous cost concepts and pricing approaches to management control systems to make decisions and evaluate the impact of these decisions on profitability
- Identify, explain and prepare budgets and perform variance analyses
- Identify what information is relevant to particular management accounting decisions and apply such information to solve problems when making these decisions
- Produce spreadsheets to illustrate how a diverse range of pricing and costing issues impact on decsion making and to demonstrate how spreadsheets can be used to support decision making in management accounting
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Online Quiz(zes) - 20% | |||||
| 2 - Practical and Written Assessment - 30% | |||||
| 3 - Examination - 50% | |||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Communication | |||||
| 2 - Problem Solving | |||||
| 3 - Critical Thinking | |||||
| 4 - Information Literacy | |||||
| 5 - Team Work | |||||
| 6 - Information Technology Competence | |||||
| 7 - Cross Cultural Competence | |||||
| 8 - Ethical practice | |||||
| 9 - Social Innovation | |||||
| 10 - Aboriginal and Torres Strait Islander Cultures | |||||
Alignment of Assessment Tasks to Graduate Attributes
| Assessment Tasks | Graduate Attributes | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
| 1 - Online Quiz(zes) - 20% | ||||||||||
| 2 - Practical and Written Assessment - 30% | ||||||||||
| 3 - Examination - 50% | ||||||||||
Textbooks
Managerial Accounting
Asia-Pacific edition (2016)
Authors: Mowen, M., Hansen, D., Heitger, D., Sands, J., Winata, L., Su. S.
Cengage Learning
Sydney Sydney , NSW , Australia
ISBN: 9780170258616
Binding: Paperback
Additional Textbook Information
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
All submissions for this unit must use the referencing style: American Psychological Association 6th Edition (APA 6th edition)
For further information, see the Assessment Tasks.
n.steenkamp@cqu.edu.au
Module/Topic
Introduction to Managerial Accounting
Chapter
1
Events and Submissions/Topic
Module/Topic
Basic managerial accounting concepts
Chapter
2
Events and Submissions/Topic
Module/Topic
Master budget and behavioural issues
Chapter
7
Events and Submissions/Topic
Assessment task 1: on-line test 1. Opens Thursday 22 March at 1pm AEST (assesses Chapters 1 and 2)
Module/Topic
Cost behaviour
Chapter
3
Events and Submissions/Topic
Module/Topic
Job-order costing
Chapter
4
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Short-run decision making: Relevant costing
Chapter
12
Events and Submissions/Topic
Assessment task 2: Part A (15% practical part, assessing Chapter 7)
Practical and written assessment Due: Week 6 Monday (16 Apr 2018) 11:45 pm AEST
Module/Topic
Process costing
Chapter
5
Events and Submissions/Topic
Assessment task 1: On-line test 2. Opens Thursday 26 April at 1pm AEST (assesses Chapters 3 and 4).
Module/Topic
Activity-based costing
Chapter
6
Events and Submissions/Topic
Assessment task 2: Part B (15% practical and written part, assessing Chapter 12) Due Wednesday 2 May at 11:45pm AEST
Module/Topic
Standard costing: A managerial control tool
Chapter
8
Events and Submissions/Topic
Assessment task 1: on-line test 3. Opens Thursday 10 May at 1pm AEST (assesses Chapters 5 and 6)
Module/Topic
Flexible budgets and overhead analysis
Chapter
9
Events and Submissions/Topic
Module/Topic
Cost-volume-profit analysis: A managerial planning tool
Chapter
11
Events and Submissions/Topic
Assessment task 1: on-line test 4. Opens Thursday 24 May at 1pm AEST (assesses Chapters 8 and 9)
Module/Topic
Revision
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
You require Microsoft Office or equivalent (wordprocessing and speadsheet) to do Assessment task 2
1 Online Quiz(zes)
This assessment task consists of four (4) on-line tests, each weighs 5% of your final mark. Each test consists of 20 multiple choice questions. You have a window of 48 hours to do each test, but each test has a time limit of 40 minutes. Thus you have 40 minutes from when you start your attempt to submit your answers.
4
Other
Due in weeks 3, 7, 9 and 11. Each test opens 1pm AEST on the Thursday of the particular week in which the test is due. Each test is open for 48 hours only. Each test will assess the content taught over two weeks. Test 1 assesses chapters 1 and 2; test 2 assesses chapters 3 and 4; test 3 assesses chapters 5 and 6; and test 4 assesses chapters 8 and 9.
Results will be available on Moodle immediately when you submit your on-line test. The answers cannot be made available.
The tests are marked on-line and the answers are based on accuracy. The questions and the answers to these tests are not available after the tests.
- Identify and discuss what management accounting encompasses, its role in decision making and control
- Apply numerous cost concepts and pricing approaches to management control systems to make decisions and evaluate the impact of these decisions on profitability
- Identify, explain and prepare budgets and perform variance analyses
- Identify what information is relevant to particular management accounting decisions and apply such information to solve problems when making these decisions
- Problem Solving
- Critical Thinking
2 Practical and Written Assessment
Assessment task 2 consists of two parts, both weighing 15% of the final grade. Part A is designed to enhance your skills in the planning, designing and using of spreadsheets. You will be required to use spreadsheets such as excel in Microsoft Office in doing Part A. Part B is designed to enhance your communication, critical thinking, decision-making, and analytical skills, and your ability to apply theory to a fictitious practical situation. You may be asked to write an essay or report or to simply answer questions relating to various costing issues that need to be considered in making decisions. Part A and Part B are not related, hence it is not necessary that you get the results of Part A back before you will be able to start or do Part B.
The questions for both parts will be uploaded to Moodle in the Assessment block during the term. Please check Moodle and your email regularly for any updates or information relating to both parts of assessment task 2 during the term.
Week 6 Monday (16 Apr 2018) 11:45 pm AEST
Part A (practical part) of assessment task 2 is due Monday 16 April 2018 at 11.45pm AEST, in week 6. Part B (practical and written part) of assessment task 2 is due in week 8, on Wednesday 2 May 2018 at 11:45pm AEST.
Week 8 Monday (30 Apr 2018)
Part A assignments will be returned to students by 11:45pm AEST on Monday 30 April for Part A, and on Wednesday 16 May for Part B. If you submit your assignment late, it will not be returned on these dates.
A marking criteria sheet for each part will be uploaded to Moodle and indicates how marks are allocated.
You can choose to do both parts of assessment task 2 as an individual or in a pair, thus limited to two (2) students. If you choose to do it in a pair, you must email the Unit Coordinator seeking approval to do so before the due dates provided on the Assignment Questions.
Please note that there is a 5% penalty per day of the potential mark for late submissions.
- Apply numerous cost concepts and pricing approaches to management control systems to make decisions and evaluate the impact of these decisions on profitability
- Identify, explain and prepare budgets and perform variance analyses
- Identify what information is relevant to particular management accounting decisions and apply such information to solve problems when making these decisions
- Produce spreadsheets to illustrate how a diverse range of pricing and costing issues impact on decsion making and to demonstrate how spreadsheets can be used to support decision making in management accounting
- Communication
- Problem Solving
- Critical Thinking
- Information Technology Competence
Examination
Calculator - non-programmable, no text retrieval, silent only
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
