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.
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 2 - 2022
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 SUTE Unit Comments
During study period , cqu must provide books to each and every subject to per person. Study resources such as books are limited in library.
At this stage Library has only one digital copy which gives access to 5 students at any given point in time. I will liaise with library to ensure this number is increased to at least 5 digital copies.
- 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 Quiz(zes) - 10% | ||||||
| 2 - Practical and Written Assessment - 30% | ||||||
| 3 - Online Test - 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 | ||||||
Textbooks
Managerial Accounting : Creating Value In A Dynamic Business Environment
12th edition (2019)
Authors: Hilton , R & Platt, D
McGraw Hill
Sydney Sydney , NSW , Australia
ISBN: 9781260566390
Binding: Paperback
Additional Textbook Information
This book is available to read online through the Library website. If you would like your own copy, you can purchase either paper or eBook copies at the CQUni Bookshop here: http://bookshop.cqu.edu.au (search on the Unit code).
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
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.
a.sardesai@cqu.edu.au
Module/Topic
The Crucial Role of Managerial Accounting in a Dynamic Business Environment
Chapter
1
Events and Submissions/Topic
Teaching staff will form groups of students who will work in groups and engage in group participation and discussion during weekly face to face and zoom workshops.
Assessment Task 1: Online Trial Quiz
Module/Topic
Basic Cost Management Concepts
Chapter
2
Events and Submissions/Topic
Teaching staff will form groups of students who will work in groups and engage in group participation and discussion during weekly face to face and zoom workshops.
Assessment Task 1: Online Quiz 1
Assessment Task 2A: Class Participation 1
Module/Topic
Cost-Volume-Profit Analysis
Chapter
7
Events and Submissions/Topic
Assessment Task 1: Online Quiz 2
Assessment Task 2A: Class Participation 2
Module/Topic
Product Costing and Cost Accumulation in a Batch Production Environment
Chapter
3
Events and Submissions/Topic
Assessment Task 1: Online Quiz 3
Assessment Task 2A: Class Participation 3
Module/Topic
Activity Based Costing and Management
Chapter
5
Events and Submissions/Topic
Assessment Task 1: On-line Quiz 4
Assessment Task 2A: Class Participation 4
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Financial Planning and Analysis: The Master Budget
Chapter
9
Events and Submissions/Topic
Assessment Task 1: Online Quiz 5
Assessment Task 2A: Class Participation 5
Module/Topic
Standard Costing and Analysis of Direct Costs
Chapter
10
Events and Submissions/Topic
Assessment Task 1: Online Quiz 6
Assessment Task 2A: Class Participation 6
Module/Topic
Flexible Budgeting and Analysis of Overhead Costs
Chapter
11
Events and Submissions/Topic
Assessment Task 1: Online Quiz 7
Assessment Task 2A: Class Participation 7
Module/Topic
Decision Making: Relevant Costs and Benefits
Chapter
14
Events and Submissions/Topic
Assessment Task 1: Online Quiz 8
Assessment Task 2A: Class Participation 8
Assessment Task 2B: Practical and Written Assessment (20%) due on Thursday 15 Sep 11:45 PM AEST.
Module/Topic
Responsibility Accounting and the Balanced Scorecard
Chapter
12
Events and Submissions/Topic
Assessment Task 1: Online Quiz 9
Assessment Task 2A: Class Participation 9
Module/Topic
Allocation of Support Activity Costs and Joint Costs
Chapter
17
Events and Submissions/Topic
Assessment Task 1: Online Quiz10
Assessment Task 2A: Class Participation 10
Module/Topic
Revision
Chapter
Topics 1-11
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Online Quiz(zes)
Each of the 10 on-line quizzes is worth 1% of the total grade for the unit. The on-line quizzes 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 1 (opens on the Friday of week 1 and closes 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 12.00 PM AEST on the Friday and close at 09:00 AM AEST on Monday the following week. You have a window of 68 hours to review your learning materials and attempt the on-line test.
You have one attempt for each on-line test and have 20 minutes to complete the same. Each quiz will consist of 10 multiple choice questions.
Weekly
Due every week from weeks 2 to 11.
- 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
2 Practical and Written Assessment
his assessment task consists of two parts - PART A - Weekly Workshop Participation 10% and PART B - Written Assessment due in Week 9, 30%.
PART A - This assessment task consists of active student engagement during the weekly workshops over 10 weeks from week 2 through to week 11.
Each of the workshop participation is worth 1% totaling to 10% of the total grade for the unit.
Students within the workshop will be divided into groups during week 1 and required to stay within the group for the remainder of the term.
Students will be assessed on actively engaging with their group during the workshop sessions wherein they will be required to work out problems, analyse and interpret the working of problems within their groups.
The purpose of this is to enable students to actively engage in discussions during the workshop and arrive at solutions/conclusions by working together as a team, thereby creating a conducive learning environment.
PART B - This assessment task consists of a case study and student groups 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.
The assessment task will be available in moodle in Week 5 and is due in Week 9.
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.
Part A occurs every week from weeks 2-11. Part B is due on Thursday in Week 9 before 11.45 PM AEST.
Results for Part A will be available via the grade book on moodle every week beginning week 3 to 12. Assignment 2B will be due back on Thursday, Week 11.
The assessment criteria for both Part A and Part B of this assessment includes the ability to interpret, analyse and report on the behaviour of costs and their management.
Students will also be assessed on the ability to analyse and report on the usefulness of management accounting for ensuring that business resources are allocated effectively and efficiently.
When preparing for the assignment, students should refer to specific assessment criteria outlined within the assignment as well as to any relevant advice posted in Moodle by the Unit Coordinator.
- Interpret, analyse and report on the behaviour of costs and their management
- Analyse and report on alternative methods of valuing and allocating overhead costs, and correctly apply the most appropriate methods for a given situation
- Demonstrate application of selected theories into various management accounting phenomena.
3 Online Test
The Invigilated Online Test is open-book and will be scheduled during the university exam period. You will be advised during the term of the scheduled date and time of the Online Test.
The Online Test will involve:
1. Accessing and answering the same on the Moodle platform with appropriate protocols for invigilation in place.
Further information on the online exam will be available in week 10 and the Unit Coordinator will go through the same with you during that time.
The Online Test marks will be released when the final grades are released by the university.
No Assessment Criteria
No submission method provided.
- 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.
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?
