Overview
This unit builds on the concepts of managerial accounting introduced in first-year accounting. The unit develops underlying concepts and applications of management accounting tools based on the traditional allocation approach and absorption costing method. Activity based costing and its use to manage activities is introduced. In this unit you will integrate theoretical and technical management accounting knowledge, exercise judgment, and employ critical thinking skills in applying management accounting concepts and tools to solve problems, make management accounting decisions and evaluate the impact of these decisions on profitability.
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 - 2021
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 feedback
It would be great if the assessments were more authentic and realistic.
The assessments will be made more authentic and realistic by giving students opportunities to apply concepts to more realistic situations.
- Exercise judgment under supervision to provide possible solutions to routine problems and make decisions in management accounting
- Integrate theoretical and technical management accounting knowledge in applying numerous cost concepts and pricing approaches to solve routine management accounting problems and to make decisions
- Critically apply theoretical and technical management accounting knowledge and skills to solve routine management accounting problems and make decisions.
Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks | Learning Outcomes | ||
---|---|---|---|
1 | 2 | 3 | |
1 - Online Quiz(zes) - 20% | |||
2 - Practical and Written Assessment - 30% | |||
3 - Online Test - 50% |
Alignment of Graduate Attributes to Learning Outcomes
Graduate Attributes | Learning Outcomes | ||
---|---|---|---|
1 | 2 | 3 | |
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 - Online Test - 50% |
Textbooks
Managerial Accounting : Asia Pacific Edition with Online Study Tools 12 months
2nd edition (2019)
Authors: Mowen, Hansen, Heitger, Sands, Winata, Su
Cengage Learning Australia
South Melbourne South Melbourne , VIC , Australia
ISBN: 9780170413718
Binding: Paperback
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Microsoft Excel (or equivalent)
All submissions for this unit must use the referencing style: American Psychological Association 7th Edition (APA 7th edition)
For further information, see the Assessment Tasks.
g.ilott@cqu.edu.au
Module/Topic
Introduction to Managerial Accounting
Chapter
1
Events and Submissions/Topic
Module/Topic
Foundations of management accounting
Chapter
2
Events and Submissions/Topic
Module/Topic
Understanding how costs behave
Chapter
3
Events and Submissions/Topic
Module/Topic
Measuring the cost of production: Job-order costing
Chapter
4
Events and Submissions/Topic
Module/Topic
Measuring the cost of production: Process costing
Chapter
5
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Online Quizzes will appear in Moodle during this week.
Module/Topic
Measuring the cost of production: Activity-based costing
Chapter
6
Events and Submissions/Topic
Module/Topic
Planning for business continuity: The master budget
Chapter
7
Events and Submissions/Topic
Module/Topic
Management control and responsibility: The role of the flexible budget
Chapter
8 + 9
Events and Submissions/Topic
Module/Topic
Informing management decisions: Cost-volume-profit analysis
Chapter
10
Events and Submissions/Topic
Module/Topic
Informing management decisions: Using relevant costing
Chapter
11
Events and Submissions/Topic
Module/Topic
Supporting business strategy and performance
Chapter
16
Events and Submissions/Topic
Module/Topic
Revision week
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Online Quiz(zes)
This assessment task consists of two (2) on-line Quizzes, each weighs 10% of your final mark. Each quiz consists of 20 multiple choice questions. Each Quiz has a time limit of 60 minutes, meaning that you have 60 minutes from when you start your attempt to submit your answers. Many questions will require you to work through a practical or analytical process to find the one correct answer.
Both Quizzes will appear in Moodle during Vacation Week (following Week 5).
2
Other
Exam Week Friday (18 June 2021) 11:55 pm AEST
Once the deadline has passed, both online quizzes will close and will not be re-opened.
Results will be available on Moodle immediately when you submit your on-line test.
Quiz One will be based on the provided learning material from weeks 2–6.
Quiz Two will be based on the provided learning material from weeks 7–11.
The answers to the Quizzes are marked on-line based on accuracy. All questions will be based on the content provided during this term and will be consistent with questions provided in the supporting workshops.
- Exercise judgment under supervision to provide possible solutions to routine problems and make decisions in management accounting
- Integrate theoretical and technical management accounting knowledge in applying numerous cost concepts and pricing approaches to solve routine management accounting problems and to make decisions
- Critically apply theoretical and technical management accounting knowledge and skills to solve routine management accounting problems and make decisions.
- Problem Solving
- Critical Thinking
2 Practical and Written Assessment
Assessment 2 consists of two (2) parts. Each part is worth 15% of your final mark. Part A is designed to enhance your skills in the planning, designing and using of spreadsheets. Part B is designed to enhance your critical thinking, decision-making, and analytical skills, and your ability to apply theory to a fictitious practical situation. In Part A you will be required to construct an analysis of data using Microsoft Excel (or an equivalent application). In Part B you will be required to provide an analysis of your findings (from Part A) in the form of a well-formatted written report.
This assessment will be based on the learning materials provided during Modules 1–5 of this unit.
.
Week 8 Monday (3 May 2021) 9:00 am AEST
Week 10 Monday (17 May 2021)
A detailed assessment criteria will be provided on Moodle during Week 1. You will be assessed as follows:
- Ability to use spreadsheet technology to analyse and report on an accounting problem (40%)
- Ability to construct and present a coherent written report that informs the reader of a solution to an accounting problem (40%)
- Presentation (10%)
- Writing (10%)
- Exercise judgment under supervision to provide possible solutions to routine problems and make decisions in management accounting
- Integrate theoretical and technical management accounting knowledge in applying numerous cost concepts and pricing approaches to solve routine management accounting problems and to make decisions
- Critically apply theoretical and technical management accounting knowledge and skills to solve routine management accounting problems and make decisions.
- Communication
- Problem Solving
- Critical Thinking
3 Online Test
Assessment 3 is an individual task which is designed to enhance your critical thinking, problem-solving, decision-making and analytical skills. The Test will be provided on Moodle during the review/exam period.
The assessment will be in the review/exam period.
Results will be released upon certification of grades.
Exam-like questions will be set to assess your critical thinking, problem-solving, decision-making and analytical skills. You will be assessed according to your ability to correctly and accurately respond to the problems and questions provided.
- Exercise judgment under supervision to provide possible solutions to routine problems and make decisions in management accounting
- Integrate theoretical and technical management accounting knowledge in applying numerous cost concepts and pricing approaches to solve routine management accounting problems and to make decisions
- Critically apply theoretical and technical management accounting knowledge and skills to solve routine management accounting problems and make decisions.
- Communication
- Problem Solving
- Critical Thinking
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.