Overview
This unit introduces management accounting and enables you to explain its role in efficient resource allocation. You will be introduced to the traditional and modern approaches to costing for evaluation and effective decision making. The role of management accounting in performance evaluation is addressed in such areas as budgeting, cost-volume-profit analysis, variance analysis, job costing, process costing, and activity-based costing. If you have successfully completed the unit ACCT20053 you should not enrol in this unit.
Details
Pre-requisites or Co-requisites
Prerequisite: ACCT20070 Accounting in Australia
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 - 2017
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 Postgraduate 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 Moodle
Assessment requirement to be stated more clearly.
To clearly explain in class and to outline on the moodle website the expectations of assessment tasks.
- Analyse and report on the usefulness of management accounting for ensuring that business resources are allocated effectively and efficiently
- Interpret, analyse and report on the behaviour of costs and their management
- Interpret and report on the purposes of budgeting for planning and control, including the calculation and analysis of budget variances
- Analyse and report on alternative methods of valuing and allocating overhead costs, and correctly apply the most appropriate methods for a given situation
- Analyse and report on the interaction between inventory costs, profit and loss, and the balance sheet, and explain their relevance to the firm's financial position
- Demonstrate application of selected theories into various management accounting phenomena.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Online Test - 10% | ||||||
| 2 - Practical and Written Assessment - 30% | ||||||
| 3 - Examination - 60% | ||||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Knowledge | ||||||
| 2 - Communication | ||||||
| 3 - Cognitive, technical and creative skills | ||||||
| 4 - Research | ||||||
| 5 - Self-management | ||||||
| 6 - Ethical and Professional Responsibility | ||||||
| 7 - Leadership | ||||||
| 8 - 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 | |
| 1 - Online Test - 10% | ||||||||
| 2 - Practical and Written Assessment - 30% | ||||||||
| 3 - Examination - 60% | ||||||||
Textbooks
ACCT20076 Foundations of Management Accounting CB
Edition: 1 (2017)
Authors: Sardesai
Pearson Australia
Victoria , Australia
ISBN: 9781488613401
Binding: Paperback
Additional Textbook Information
This textbook has been designed for CQUniversity students at an affordable price of $62.95/=, and hard copies can be purchased from CQU Bookshop campuses at Sydney, Melbourne and Brisbane.
An eBook version of this textbook is also available at a price of $50, and can be purchased online at: http://www.pearson.com.au/products/?sq=9781488613685.
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.
a.sardesai@cqu.edu.au
Module/Topic
The Manager and Management Accounting
Chapter
1
Events and Submissions/Topic
Assessment Task 1 : On-line Trial Test
Module/Topic
An Introduction to Cost Terms and Purposes
Chapter
2
Events and Submissions/Topic
Assessment Task 1: On-line Test 1
Module/Topic
Cost-Volume-Profit Analysis
Chapter
3
Events and Submissions/Topic
Assessment Task 1: On-line Test 2
Module/Topic
Job Costing
Chapter
4
Events and Submissions/Topic
Assessment Task 1: On-line Test 3
Module/Topic
Activity-Based Costing and Activity-Based Management
Chapter
5
Events and Submissions/Topic
Assessment Task 1:On-line Test 4
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Allocation of Support Department Costs, Common Costs and Revenues
Chapter
15
Events and Submissions/Topic
Assessment Task 1: On-line Test 5
Module/Topic
Master Budget and Responsibility Accounting
Chapter
6
Events and Submissions/Topic
Assessment Task 1:On-line Test 6
Assessment Task 2: Practical and Written Group Assessment. Due to be submitted to your Lecturer in your respective workshops in Week 7 (If your workshop is on a public holiday during the week, it becomes due the next day).
Module/Topic
Flexible Budgets, Direct Cost Variances and Management Control
Chapter
7
Events and Submissions/Topic
Assessment Task 1: On-line Test 7
Module/Topic
Flexible Budgets, Overhead Cost Variances, and Management Control
Chapter
8
Events and Submissions/Topic
Assessment Task 1: On-line Test 8
Module/Topic
Decision Making and Relevant Information
Chapter
11
Events and Submissions/Topic
Assessment Task 1:On-line Test 9
Module/Topic
Performance Measurement, Compensation and Multinational Considerations
Chapter
23
Events and Submissions/Topic
Assessment Task 1: On-line Test 10
Module/Topic
Revision Lecture
Chapter
All chapters
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Online Test
This assessment tasks consists of 10 on-line tests (consisting of true/false and multiple choice questions).
Each of the 10 on-line tests is worth 1% of the total grade for the unit. The on-line tests will be open on a weekly basis from weeks 1 to 11, with week 1 being a trial on-line test to get the students familiar with the process.
The materials assessed in each on-line test will be on key concepts to be covered in the following week's workshop. For example on-line Test 2 (open on the Friday of week 1 and close on Monday of week 2) will assess the content to be taught in week 2. The purpose of the on-line test is to enable the students to prepare for the workshop prior to attending the workshop. This will allow students to grasp the material covered during the workshop, engage effectively with teams, and create a good learning environment in the workshop.
Each on-line test will open at 1.00 PM AEST on the Friday and close at 09:00 am on Monday the following week. For example on-line Test 2 will open at 1.00 PM AEST on the Friday in week 1 (11 November) and close at 09:00 am on Monday in week 2 (14 November). You have a window of 68 hours to review your learning materials and attempt the on-line test.
You can only make one attempt at each on-line test and you have 20 minutes to complete each on-line test after you start it. Each test will consist of 10 true/false questions.
Due every week from weeks 2 to 12.
Results will be available in Moodle immediately after each on-line test closes. The on-line test answers will be discussed on a weekly basis during the workshop.
The tests are marked on-line and the answers are based on accuracy.
- Analyse and report on the usefulness of management accounting for ensuring that business resources are allocated effectively and efficiently
- Interpret, analyse and report on the behaviour of costs and their management
- Interpret and report on the purposes of budgeting for planning and control, including the calculation and analysis of budget variances
- Analyse and report on alternative methods of valuing and allocating overhead costs, and correctly apply the most appropriate methods for a given situation
- Analyse and report on the interaction between inventory costs, profit and loss, and the balance sheet, and explain their relevance to the firm's financial position
- Demonstrate application of selected theories into various management accounting phenomena.
- Knowledge
- Cognitive, technical and creative skills
2 Practical and Written Assessment
This assessment task consists of a case study and your group will be required to review the case study and prepare an executive report. Content and format of the executive report will be provided on moodle when the assessment task becomes available.
This assessment task will be available in Moodle in Week 3 and is due back in Week 7.
This assessment task is to be completed in a team of 3-5 students. Group numbers will depend on enrollment numbers each term.
This assessment task is worth 30% of the total grade for the unit.
This assessment task is due in Week 7 and is to be submitted to your Lecturer at the beginning of the Workshop.
You will receive your assessment back two weeks from the date that your assignment reaches the marker.
When preparing your assignment, you should refer to the assessment criteria as well as to any relevant advice posted in Moodle by the Unit Coordinator.
- Analyse and report on the usefulness of management accounting for ensuring that business resources are allocated effectively and efficiently
- Interpret, analyse and report on the behaviour of costs and their management
- Interpret and report on the purposes of budgeting for planning and control, including the calculation and analysis of budget variances
- Analyse and report on alternative methods of valuing and allocating overhead costs, and correctly apply the most appropriate methods for a given situation
- Analyse and report on the interaction between inventory costs, profit and loss, and the balance sheet, and explain their relevance to the firm's financial position
- Demonstrate application of selected theories into various management accounting phenomena.
- Knowledge
- Communication
- Cognitive, technical and creative skills
Examination
Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
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?
