ACCT20076 - Foundations of Management Accounting

General Information

Unit Synopsis

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.


Level Postgraduate
Unit Level 9
Credit Points 6
Student Contribution Band 3
Fraction of Full-Time Student Load 0.125
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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 1 - 2019

Term 1 - 2019 Profile
Term 2 - 2019 Profile

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).

Assessment Overview

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.

Assessment Tasks

Assessment Task Weighting
1. Online Test 10%
2. Practical and Written Assessment 30%
3. Examination 60%

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

Past Exams

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Previous Feedback

Term 1 - 2018 : The overall satisfaction for students in the last offering of this course was 3.9 (on a 5 point Likert scale), based on a 52.31% response rate.

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.

Source: 1. Moodle evaluation. 2. In class discussions. 3. Unit Evaluations
1.Students satisfied with the weekly MCQ that helps them obtain a basic understanding of the topic ahead of the weekly workshop. 2. Make more prescribed textbooks available in library. 3. Teaching quality.
1. Maintain the 10 online MCQ assessment format. 2. Request the library to obtain more prescribed textbooks available in the library for student use. 3. UC to monitor teaching quality throughout the semester.
Action Taken
Yes, have maintained the MCQ assessment format. Students are required to buy either a hard copy or etext. Have requested library to source more text books, but students still complained that there was not enough copies there. Sessional staff distribute early teaching evaluation forms in week 3 and make improvements to teach based on feedback from students and this is working well.
Source: Moodle
1..Assignment task to be clearly explained by the teacher.
1. Assessment tasks will be clearly explained to the students both in class and via zoom for two continuous weeks prior to when the assessment tasks are due.
Action Taken
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Analyse and report on the usefulness of management accounting for ensuring that business resources are allocated effectively and efficiently
  2. Interpret, analyse and report on the behaviour of costs and their management
  3. Interpret and report on the purposes of budgeting for planning and control, including the calculation and analysis of budget variances
  4. Analyse and report on alternative methods of valuing and allocating overhead costs, and correctly apply the most appropriate methods for a given situation
  5. 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
  6. 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
2 - Practical and Written Assessment
3 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Advanced Level
Professional Level
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
Alignment of Assessment Tasks to Graduate Attributes
Advanced Level
Professional Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7
1 - Online Test
2 - Practical and Written Assessment
3 - Examination