ACCT20076 - Foundations of Management Accounting
Term 1 - 2017


All details in this unit profile for ACCT20076 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 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

Career Level Postgraduate
Credit Points 6
Student Contribution Band [not found]
Fraction of Full-Time Student Load 0.125

Pre-requisites or Co-requisites

Prerequisite: ACCT20070 Accounting in Australia

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
  • Distance
  • Melbourne
  • 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 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 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 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.

Evaluation

Term 2 - 2015: The overall satisfaction for students in the last offering of this unit was 3.9 (on a 5 point Likert scale), based on a 54% 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.

Feedback Source Recommendation
Assessment requirement to be stated more clearly. Moodle To clearly explain in class and to outline on the moodle website the expectations of assessment tasks.
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

  • Professional Level
  • Advanced 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

  • Professional Level
  • Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7
1 - Online Test          
2 - Practical and Written Assessment        
3 - Examination          

Prescribed Textbooks

ACCT20076 Foundations of Management Accounting CB
Author/s: Sardesai Year: 2017
Edition: 1 Publisher: Pearson Australia
State: Victoria
Country: Australia
View textbooks at the CQUniversity Bookshop
Note:

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

You will need access to the following IT resources:
  • Unit Website (Moodle)
  • Internet
  • CQUniversity Student Email
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 CoordinatorAnn Sardesai (a.sardesai@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

The Manager and Management Accounting

1

Assessment Task 1 : On-line Trial Test

Week 2 13-03-2017

An Introduction to Cost Terms and Purposes

2

Assessment Task 1: On-line Test 1

Week 3 20-03-2017

Cost-Volume-Profit Analysis

3

Assessment Task 1: On-line Test 2

Week 4 27-03-2017

Job Costing


4

Assessment Task 1: On-line Test 3

Week 5 03-04-2017

Activity-Based Costing and Activity-Based Management


5

Assessment Task 1:On-line Test 4

Vacation Week 10-04-2017


Week 6 17-04-2017

Allocation of Support Department Costs, Common Costs and Revenues

15

Assessment Task 1: On-line Test 5

Week 7 24-04-2017

Master Budget and Responsibility Accounting

6

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).

Week 8 01-05-2017

Flexible Budgets, Direct Cost Variances and Management Control

7

Assessment Task 1: On-line Test 7

Week 9 08-05-2017

Flexible Budgets, Overhead Cost Variances, and Management Control

8

Assessment Task 1: On-line Test 8

Week 10 15-05-2017

Decision Making and Relevant Information

11

Assessment Task 1:On-line Test 9

Week 11 22-05-2017

Performance Measurement, Compensation and Multinational Considerations

23

Assessment Task 1: On-line Test 10

Week 12 29-05-2017

Revision Lecture

All chapters

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

1 Online Test

Assessment Title On-line Tests in Moodle
Task Description

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.

Assessment Due Date Due every week from weeks 2 to 12.
Return Date to Students 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.
Weighting 10%
Assessment Criteria

The tests are marked on-line and the answers are based on accuracy.

Referencing Style American Psychological Association (APA)
Submission Online

Submit within 20 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 9am on the Monday. The test closes at 9am and the system will log you out automatically.

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

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.

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

1. Knowledge

3. Cognitive, technical and creative skills



2 Practical and Written Assessment

Assessment Title Practical and Written Group Assessment
Task Description

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.

Assessment Due Date This assessment task is due in Week 7 and is to be submitted to your Lecturer at the beginning of the Workshop.
Return Date to Students You will receive your assessment back two weeks from the date that your assignment reaches the marker.
Weighting 30%
Assessment Criteria

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.

Referencing Style American Psychological Association (APA)
Submission Hard copy
Group submission

Submit hard copies of your answers for the assessment. Ensure all student names, student IDs and student signatures appear on the cover page of the group assignment.

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

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.

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

1. Knowledge

2. Communication

3. Cognitive, technical and creative skills



Examination

Outline Complete an examination
Date During the University examination period
Weighting 60%
Length 150 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. 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.

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

1. Knowledge

3. Cognitive, technical and creative skills


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