ACCTING 7014 - Management Accounting (M)

North Terrace Campus - Semester 1 - 2019

The course introduces students to contemporary management accounting concepts and techniques. Topics: the role of accountants in internal decision-making; tools used to design and develop costing systems; preparation of budgets and their role as a planning and control tool; other decision-making tools including CVP analysis, pricing decisions, inventory issues and costs of quality; fraud.

  • General Course Information
    Course Details
    Course Code ACCTING 7014
    Course Management Accounting (M)
    Coordinating Unit Business School
    Term Semester 1
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Prerequisites ACCTING 7019
    Incompatible COMMERCE 7021
    Course Description The course introduces students to contemporary management accounting concepts and techniques. Topics: the role of accountants in internal decision-making; tools used to design and develop costing systems; preparation of budgets and their role as a planning and control tool; other decision-making tools including CVP analysis, pricing decisions, inventory issues and costs of quality; fraud.
    Course Staff

    Course Coordinator: Dr VG Sridharan

    Course coordinator and Lecturer:

             Dr VG Sridharan
             Associate Professor of Accounting
             Location: Room 13.07 Level 13, 10 Pulteney Street
             Email: vg.sridharan@adelaide.edu.au


    Tutors:
            
            Nurmalisa Che Ali
    Yijing (Claire) Gao
    VG Sridharan

    The tutors' office location and consulting hours will be announced upon the commencement of this course.



    Course Timetable

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

    Detailed session-wise schedule will be posted on MyUni before the commencement of the course.
  • Learning Outcomes
    Course Learning Outcomes
    1. Explain the three primary purposes of management accounting namely, inventory valuation, decision support and cost control.
    2. Compare traditional and contemporary costing approaches for the above purposes.
    3. Learn how costs are analysed for different product costing contexts such as job-order, process or joint-product systems
    4. Develop and apply standards and budgets for planning and controlling purposes.
    5. Apply incremental analysis to a range of business scenarios.

    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    1-4
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    4,5
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    4,5
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    3-5
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • Able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    5
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    3,4
  • Learning Resources
    Required Resources
    Textbook:

    The required textbook for this course is Management and Cost Accounting by Colin Drury, Cengage Publishers 10th Edition.  Several options exist to purchase this book:

    1. Print version; 2. E-book; 3. Print version with the MindTap electronic resource; 4. E-book with the Mind-tap resource.

    More information on the different pathways to acquire the textbook can be discussed with the University bookshop manager, whose details are as follows.

    Mr Jake Kempf
    Store Manager
    University Coop Bookshop
    Hub Central
    Level 4, Hughes Building
    North Terrace, Adelaide 5000

    Email: sm5100@coop.com.au

    Recommended Resources
    Please see the relevant information on acquiring the textbook from the previous title on "Required Resources". Note that the textbook is actually mandatory because we will be using several exercises and work through several solutions as part of practice exercises in the class.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    This course is taught through:
    · Lectures – to provide an outline of various concepts that are useful in applying in real-world problems.
    · Tutorials – to give opportunity for reflection on and the application of materials covered in lectures and to discuss issues relating to course matter.

    Please check your student email and MyUni as course-related announcements are communicated via email.
    Consultation hours of the tutors will be advised on MyUni Course homepage.
    Workload

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

    This course is provided in internal mode and contains:
    · 2 hours lecture per week for 12 weeks
    · 1 hour tutorial per week for 10 weeks (tutorial begins in Week 2 and there will be a mid-semester test either in week 6 or 7 of the course)

    The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.

    Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.

    Please refer to Access Adelaide for your timetable and enrolment details:
    www.adelaide.edu.au/access/

    Tutorial classes will be held weekly commencing Week 2. Membership of tutorial classes is to be finalised by the end of the second week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Lecturer-in-Charge, but should be aware that such a request may not be approved.

    Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.
    Learning Activities Summary

    Week

    Topic

     

    1 COURSE INTRODUCTION
    1. Course outline and structure
    2. Introduction to cost terms and purposes
    2 COST ALLOCATION METHODS
    1. Departmental cost allocation
    2. Activity-based allocation
    3 INVENTORY VALUATION
    1. Job costing
    2. Process costing_Basic treatment
    4 1. Process costing_Advanced treatment
    2. Joint product and byproduct costing
    5 1. DECISION SUPPORT
    1. Relevant information
    2. Cost-volume-profit analysis
    6 1. Customer profitability analysis
    2. Pricing decisions
      Mid-semester break
    7 Mid-Semester Test
    8 COST CONTROL
    1. Cost estimation
    2. Master budget and responsibility accounting
    9 1. Flexible budgets and direct cost variances
    2. Overhead cost variances
    10 SPECIAL TOPICS
    1. Variable and absorption costing
    2. Capacity analysis
    11 1. Strategy and balanced scorecard
    2. Cost of quality
    12 1. Introduction to Management Control
    2. Exam review
    SWOT/Exam period: Weeks 14 - 16
    Specific Course Requirements
    Consultation and communication

    Please check your student email and MyUni as course-related announcements are communicated via email.


    Tutors will also inform you of their consultation arrangements in the first tutorial. This information will also be placed on MyUni.
  • 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
    Assessment Due date & time Weighting Related Learning Outcome
    In-class tests Weeks 1-12  10% All
    Mid Semester Test
    (1 hour closed book test on topics 1-5)
    Week 7
    Venue: Bonython Hall
    Date & time: During Lecture time - 
    Details to be announced later.
    20% All
    Tutorial  attendance and participation Weeks 2-12 (except week 7) 10%
    Final Examination (3 hours closed book) Date & time: to be announced later. 60% All
    Total 100%
    Assessment Detail
    1. In order to pass this course students must achieve an overall minimum grade of 50% as well as at least 45% in the final exam.
    2. Any written assignment must be presented using the appropriate Microsoft program, i.e., MSWord, Excel, etc.
    3. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted in the final examination because of poor hand-writing.
    4. Students in this course are not permitted to take a DICTIONARY (English or English-Foreign) into the examination
    5. The use of a non-programmable calculator incapable of storing text in the examination is permitted in this course.
    Submission


    General Assessment Guidelines including Referencing Details
    A copy of the Postgraduate Programs: Communication Skills Guide will have been given to you at the beginning of your program. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from http://www.adelaide.edu.au/professions/hub/pg/downloads/

    This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.

    In preparing any written piece of assessment for postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)

    The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.

    Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.



    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
  • 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.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.