ACCT19060 - Management Accounting
Term 1 - 2017


All details in this unit profile for ACCT19060 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student). The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.

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

Career Level Undergraduate
Unit Level Level 2
Credit Points 6
Student Contribution Band 3A
Fraction of Full-Time Student Load 0.125

Pre-requisites or Co-requisites

Prerequisite: ACCT11081 or ACCT19084

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).

Offerings

Term 1 - 2017
  • Brisbane
  • Bundaberg
  • Cairns
  • Distance
  • Mackay
  • Melbourne
  • Rockhampton
  • Sydney

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

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 Task Weighting
1. Online Quiz(zes) 20%
2. Practical and Written Assessment 30%
3. Examination 50%

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 Procedures for more details of interim results and final grades.

All University policies are available on the IMPortal.

You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
  • Refund and Excess Payments (Credit Balances) Policy and Procedure
  • Student Feedback – Compliments and Complaints Policy and Procedure
  • Acceptable Use of Information and Communications Technology Facilities and Devices Policy and Procedure

This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

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 Source Recommendation
The Welcome page on the Moodle site contains very valuable information but the information can be difficult to navigate easily. Student evaluations Information included in the Welcome section on the Moodle site will be reorganised into separate folders and files and grouped within a separate toggle.
Some students found the instructions and information of the two parts of the assignment difficult to understand. Student evaluations Instructions for the assignments will be written in a clearer and more understandable way for students.
On successful completion of this unit, you will be able to:
  1. Identify and discuss what management accounting encompasses, its role in decision making and control
  2. Apply numerous cost concepts and pricing approaches to management control systems to make decisions and evaluate the impact of these decisions on profitability
  3. Identify, explain and prepare budgets and perform variance analyses
  4. Identify what information is relevant to particular management accounting decisions and apply such information to solve problems when making these decisions
  5. 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)  
2 - Practical and Written Assessment  
3 - Examination    

Alignment of Graduate Attributes to Learning Outcomes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
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          

Alignment of Assessment Tasks to Graduate Attributes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Online Quiz(zes)            
2 - Practical and Written Assessment        
3 - Examination          

Prescribed Textbooks

Managerial Accounting
Author/s: Mowen, M., Hansen, D., Heitger, D., Sands, J., Winata, L., Su, S. Year: 2016
Edition: Asia-Pacific edition Publisher: Cengage Learning
City: Sydney State: New South Wales
Country: Australia
View textbooks at the CQUniversity Bookshop
Note:

IT Resources

You will need access to the following IT resources:
  • Internet
  • CQUniversity Student Email
  • Unit Website (Moodle)
  • Microsoft Office or equivalent (wordprocessing and spreadsheet)
All submissions for this unit must use the American Psychological Association (APA) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorNatasja Steenkamp (n.steenkamp@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 06-03-2017

Introduction to Managerial Accounting

1

Week 2 13-03-2017

Basic managerial accounting concepts

2

Week 3 20-03-2017

Cost behaviour

3

Assessment task 1: on-line test 1. Opens Thursday 23 March at 1pm (assesses Chapters 1 and 2)

Week 4 27-03-2017

Job-order costing

4

Week 5 03-04-2017 Master budget and behavioural issues

7

Assessment task 1: on-line test 2. Opens Thursday 6 April at 1pm (assesses Chapters 3 and 4)

Vacation Week 10-04-2017
Week 6 17-04-2017

Activity-based costing

6

Assessment task 2: Part A (10% practical and written part, assessing Chapter 4)
Assessment task 2 Due Friday (21 Apr 17) 11:45 PM AEST
Week 7 24-04-2017

Process costing

5

Week 8 01-05-2017

Standard costing: A managerial control tool

8

Assessment task 1: on-line test 3. Opens Thursday 4 May at 1pm (assesses Chapters 5 and 6)

Week 9 08-05-2017

Flexible budgets and overhead analysis

9

Assessment task 2: Part B (20% practical part) due Monday (8 May) at 11:45PM AEST (assesses Chapter 7)
Week 10 15-05-2017

Cost-volume-profit analysis: A managerial planning tool

11


Week 11 22-05-2017

Short-run decision making: Relevant costing

12

Assessment task 1: on-line test 4. Opens Thursday 25 May at 1pm (assesses Chapters 9 and 11)

Week 12 29-05-2017

Revision

Review/Exam Week 05-06-2017
Exam Week 12-06-2017

Please note that the prescribed textbook is a new textbook. I would NOT recommend you to buy the previous textbook (Horngren) that has been used from 2011 to 2016. All the course materials are based on the 2017 prescribed textbook.

The publisher (Cengage Lerning) provided the following prices for the textbook:

Print book (includes CengageNow): $144.95

eBook (includes CengageNow): $69.95

eChapters: $7.95

CengageNow website includes: eBook, adaptive study plan, management accounting videos and animations, quizzes, glossary and flashcards.

1 Online Quiz(zes)

Assessment Title On-line tests in Moodle
Task Description

This assessment task consists of four on-line tests, each weighs 5% of your final mark. You have a window of 48 hours in which you should do each test. Each test has a time limit of 30 minutes. Thus you have 30 minutes to start your attempt and to submit your answers. Please ensure that you save your answers throughout your attempt. Each test consists of 20 multi-choice questions.

Number of Quizzes 4
Frequency of Quizzes Other
Assessment Due Date Due in weeks 3, 5, 8 and 11. Each test opens 1pm 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 in the two weeks before the test is due. 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 9 and 11.
Return Date to Students Results will be available on Moodle immediately when you submit your on-line test. The answers cannot be made available.
Weighting 20%
Assessment Criteria

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.

Submission Online

Submit within 30 minutes from starting time. You only have one attempt for each test. Please start the test at least half an hour before it closes at 1pm on the Saturday. The test closes at 1pm and the system will log you out automatically. Please ensure that you save your answers throughout your attempt. If you do not and experience problems with the technology, your answers will not be saved and you will not get a second opportunity to undertake the test. Please take screenshots of any problems you may encounter with technology as evidence.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Identify and discuss what management accounting encompasses, its role in decision making and control

2. Apply numerous cost concepts and pricing approaches to management control systems to make decisions and evaluate the impact of these decisions on profitability

3. Identify, explain and prepare budgets and perform variance analyses

4. Identify what information is relevant to particular management accounting decisions and apply such information to solve problems when making these decisions

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

2. Problem Solving

3. Critical Thinking



2 Practical and Written Assessment

Assessment Title Assessment task 2
Task Description

There will be two parts to Assessment task 2. Part A (10%) is designed to enhance your written communication, critical thinking 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 may also include calculations. Part B (20%) is designed to enhance your skills in the planning, designing and using of spreadsheets. In Part B you will be required to use spreadsheets such as excel in Microsoft Office in answering questions. 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. You may receive an email through the newsforum in Moodle when the questions have been uploaded. Please check Moodle and your email regularly for any updates or information relating to both parts of assessment task 2 during the term.

Assessment Due Date Week 6 Friday (21-Apr-2017) 11:45 PM AEST
Part A (practical and written part) of assessment task 2 is due on Friday, 21 April at 11:45pm AEST, in week 6. Part B (practical part) of assessment task 2 is due in week 9, on Monday 8 May at 11:45pm AEST
Return Date to Students Week 9 Friday (12-May-2017)
To ensure quality marking and feedback to students, the markers will only start the marking process after moderation has been done. This may take a few days and hence students will not get the assignments back two weeks after submission, but two weeks after the markers start marking the bulk of the assignments (for both parts). The assessments of students who submitted their work on the due dates will be marked first. Once these have been returned, all assessment pieces submitted after the due time, including those who received an extension, will be marked. Hence, if you submit your assessment task late, the marker will receive it late, and therefore you will receive your marked assessment back late. Every effort will be made to mark and return the assignments back as quickly as possible. However, to avoid disappointment, the anticipated return date for Part A is Friday of week 9, thus 12 May at 2pm for students who submitted on time, and up to two weeks later for students who submitted late. The anticipated return date for Part B is Friday 26 May at 2pm (week 11) for students who submitted on time and later for students who submitted Part B late.
Weighting 30%
Assessment Criteria

A marking criteria sheet for both parts will be uploaded to Moodle and indicates how marks are allocated.

You can choose to do one or 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 can choose to work with either the same student or a different student for the two parts.

Please note there is a 5% penalty per day of the potential mark for late submissions.

Referencing Style American Psychological Association (APA)
Submission Online

Submit soft copies of your answers for both parts of assessment task 2. Ensure your student name and student ID appear on all pages of the documents you submit.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

2. Apply numerous cost concepts and pricing approaches to management control systems to make decisions and evaluate the impact of these decisions on profitability

3. Identify, explain and prepare budgets and perform variance analyses

4. Identify what information is relevant to particular management accounting decisions and apply such information to solve problems when making these decisions

5. 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

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking

6. Information Technology Competence



Examination

Outline Complete an examination
Date During the University examination period
Weighting 50%
Length 180 minutes
Details Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
Calculator - non-programmable, no text retrieval, silent only.
Closed Book
Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Identify and discuss what management accounting encompasses, its role in decision making and control

2. Apply numerous cost concepts and pricing approaches to management control systems to make decisions and evaluate the impact of these decisions on profitability

3. Identify, explain and prepare budgets and perform variance analyses

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking


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