MANAGEMT 7100 - Accounting for Managers

North Terrace Campus - Trimester 1 - 2016

The course information on this page is being finalised for 2016. Please check again before classes commence.

Participants in this course will develop the essential ability of all managers, to use complex accounting information as a platform for decision-making. As the course unfolds, participants will build an increasingly sophisticated level of understanding of the language of accounting and its key concepts. In addition the course develops skills in interpreting earnings statements, balance sheets, and cash flow reports. This ability to analyse financial statements will enable participants to deal more effectively with strategic options for their businesses or business units. Strong foundations in financial analysis, and development of crucial basic accounting skills will also enable participants to develop a management accounting focus. From this second phase of the course students will take away highly relevant skills in areas such as budgeting, product and service costing and short-run decision making. Such skills, ability and knowledge will enable participants to more effectively identify profitable opportunities and to contribute significantly to better management within their own organisations.

  • General Course Information
    Course Details
    Course Code MANAGEMT 7100
    Course Accounting for Managers
    Coordinating Unit Adelaide Business School
    Term Trimester 1
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Available for Study Abroad and Exchange
    Restrictions Restricted to Graduate Certificate, Graduate Diploma in Business Administration and Masters of Business Administration students only
    Course Staff

    Course Coordinator: Dr Bryan Howieson



    Name:              Associate Professor Bryan Howieson     

    Location:          Level 13 [room 13.27], Nexus 10
    Building

    Telephone:        8313 4760     

    Email:   bryan.howieson@adelaide.edu.au
    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

    2nd Feb.

    Topic 1: An Overview of Accounting & Financial Statements
     
    9th Feb.
     
    Topic 2: The Accounting Information System 
     
    16th Feb.

    Topic 3: Accrual Accounting & Measuring Performance 

    23rd Feb.

    Topic 4: Working Capital 

    1st March

    Topic 5: Non-Current Assets, Debt & Equity 

    8th March

    Topic 6: Cash Flows 
     
    15th March

      Topic 7: Financial Statement Analysis  + IN-CLASS TEST

    22nd March

    Topic 8: Introduction to Management Accounting, Costing Concepts & CVP Analysis.  
     
    29th March

    Topic 9: Costing of Goods and Services

    1st April GROUP ASSIGNMENT DUE

    5th April

    Topic 10: Incremental Analysis & Short-Run Decision-Making 

    12th April

    Topic 11: Budgeting & Control 

    19th April

    Exam Revision & Preparation

    26th April  FINAL EXAM


     




  • Learning Outcomes
    Course Learning Outcomes
    1. Understand the nature and role of the four principal financial statements (i.e., the Income Statement, the Statement of Financial Position, the Statement of Cash Flows, and the Statement of Changes in Equity) ;
    2. Develop an awareness and understanding of the accounting process and fundamental accounting principles that underpin the development of financial statements (e.g. accrual accounting vs. cash accounting, definition, recognition, measurement and disclosure of assets, liabilities, revenues, expenses; inventory valuation methods, provisions, depreciation; accounting for intangibles);
    3. Ability to read, interpret and analyse financial statements; combine financial analysis with other information to assess the financial performance and position of a company;
    4. Understand and apply course concepts to analyse common business management decisions such as pricing and outsourcing decisions from a financial perspective;
    5. Understand the role of budgets in organisations, their limitations and the behavioural issues to consider when developing and using budgets for planning and control;
    6. Develop an awareness of the need to consider ethical, social and other relevant issues, in addition to financial information, in the management decision-making process.
    7. Develop group work and communication skills.
    University Graduate Attributes

    No information currently available.

  • Learning Resources
    Required Resources
    The textbook for this course is:

    Carlon, S., Mladenovic-McAlpine, R., Palm, C., Kimmel, P.D., Kieso, D.E,. Weygandt, J.J. (2012), Accounting: Building Business Skills, 4th Edition, Wiley - Milton, Qld. ISBN 978-1-742-466347

    You will need continual access to the above text in order to complete this course.

    The text is shrinkwrapped with the on-line resource WileyPLUS.  Information about accessing WileyPLUS will be made available separately.

     

    Online Learning
    This course will have access to the on-line resource WileyPLUS which accompanies the textbook.  Information on accessing WileyPLUS will be provided separately.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    Weekly seminars.  A minimum attendance of 80% of class sessions is required.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The workload in this course is not light, particularly topics 4 and 5 were there is a considerable amount of reading. Students normally find topics 7-11 easier in terms of preparation hours required compared to earlier topics. As a guide, students will need to spend around 7 hours (not including class time) per topic for reading and attempting/revisiting the in-class activities prescribed for each topic.
    Learning Activities Summary

    No information currently available.

  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    There are three assessment items:

    An in-class test at the start of week 7  -  15%
    A group project    -   30%
    Final examination     -  55%.

    Further information on these assessment items will be provided separately.

    Assessment Detail

    No information currently available.

    Submission

    No information currently available.

    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
    Occupational Health and Safety Arrangements
    The School is committed to upholding the University’s Policy on Occupational Health and Safety (OH&S). All staff and students have a legal responsibility to act in the interests of themselves and others with respect to OH&S. To assist us, and to comply with your responsibilities, you are required to become informed about emergency evacuation procedures and the evacuation areas for the classes you attend.

    Evacuation Procedures
    Staff and students must leave the building via the fire stairs once the notice to evacuate has been given. The lifts should not be used. Those experiencing difficulties leaving the building should notify the floor warden. Staff and students may return to the building only after the Warden has granted permission.

    Medical Emergencies & First Aid In a life threatening situation only please telephone 8303 5444.

    Representatives and Officers
    First Aid officers are trained to deal with first aid situations. School Safety Officers represent the Head of School in OH&S matters. The elected OH&S Representative can represent staff and students in OH&S issues.


    Accident and Incident Reporting
    OH&S legislation demands that all accidents and near-miss incidents be reported to the School Manager or Head of School. In the event of an accident or incident the person involved, and their supervisor, must complete an Accident/Incident Report and Investigation Form, within 48 hours of the accident/incident. A copy of the completed form is to be forwarded to the OH&S Safety Officer. Copies of the form are available from the OH&S Representative or Safety Officer.
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

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