ACCTING 7014 - Management Accounting (M)

North Terrace Campus - Semester 1 - 2016

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.

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Course Details

Course Code	ACCTING 7014
Course	Management Accounting (M)
Coordinating Unit	Adelaide 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
Incompatible	COMMERCE 7021
Assumed Knowledge	ACCTING 7019
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Dr Giao Reynolds

Course coordinator:

         Mahmud Masum
         Location: Room 09, Level 13, 10 Pulteney Street
         Email: mahmud.masum@adelaide.edu.au

Other teaching staff:

   Selena Xie
   Email: j.xie@adelaide.edu.au

         Nurmalisa CHE ALI
         Email: nurmalisa.cheali@adelaide.edu.au

Course Timetable

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

Week	Date	Topic	Reading	Tutorial Questions
1	29 February	1. Course introduction 2. Management accounting in context	Course Profile Chapter 1	No tutorial in Week 1. Tutorials start in Week 2.
2	7 March	1. Introduction to cost terms & inventory costing 2. Cost behaviour	Chapters 2 & 3	1-1; 1-4; 1-21; 1-23; 1-24; 1-26
3	14 March	1. Cost volume profit analysis 2. Decision making & relevant information	Chapters 4 & 8	2-11; 2-33; 2-35; 2-36; 2-42; 3-20; 3-23; 3-24 (parts 2 & 3)
4	21 March	1. Job costing 2. Process costing	Chapter 5 & Appendix 5-1	4-16; 4-27; 4-37; 4-38; 8-21; 8-29; 8-36
5	28 March	1. Activity-based costing 2. Activity-based management	Chapter 6	5-23; 5-30; 5-31; 5-32; 5-33; 5-42; 5-43
6	4 April	Mid semester class test (no lecture and tutorial this week)
		Mid semester break 11-24 April
7	25 April	1. Master budget 2. Responsibility accounting	Chapter 10 & Appendix 10-1	6-10; 6-16; 6-23; 6-29; 6-30; 6-34
8	2 May	1. Cost management & capcity costing 2. Pricing decisions & customer-profitability analysis	Chapters 7 & 9	10-23; 10-26; 10-27; 10-37
9	9 May	1. Overhead costs 2. Common costs & revenues	Chapter 13	7-18; 7-22; 7-25; 9-6; 9-7; 9-24; 9-26
10	16 May	1. Standard cost: DM & DL 2. Standard cost: MOH	Chapters 11 & 12	13-7; 13-8; 13-13; 13-19 (1a & c; 2); 13-20 (1a & 2); 13-21 (1a & b)
11	23 May	1. Inventory management 2. Transfer pricing	Chapter 17 (pp. 656-669) & Chapter 19	11-26; 11-30; 11-40; 12-18; 12-19
12	30 May	1. SELT 2. Exam review		17-3; 17-8; 17-19; 17-26; 19-20; 19-21; 19-27; 19-35
		SWOT/Exam period: 18 June - 2 July

Course Learning Outcomes

1. Knowledge and Understanding
This course seeks to give an understanding of the ways in which management accountants can provide relevant information for a variety of decisions to be made in managing an organisation.

2. Learning Outcomes
By the end of this course students should be able to:
2.1 Explain how management accounting information can assist management in their planning, performance measurement, controlling and decision-making roles;
2.2 Apply the traditional (i.e., volume-based) and contemporary (i.e., ABC) approaches to product costing in a job costing environment;
2.3 Formulate and use standards and budgets for planning and control purposes;
2.4 Measure financial and non-financial performance in divisionalised businesses using a range of contemporary management accounting tools;
2.5 Identify relevant costs for decision making purposes;
2.6 Identify the information needs and produce financial analyses for a range of decisions—product-mix, pricing, outsourcing, special orders.

3. Communication Skills
The continuing development of good inter-personal and communication skills is important for Commerce graduates. This course seeks to develop students’ abilities to:
3.1 Examine diverse sources of information and identify which components of that information are relevant to the decision to be taken.
3.2 Present information pertaining to accounting, management, and social issues in a manner that will assist mangers in their decision-making role.
3.3 Identify and discuss relevant information in a group setting.

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 & 2
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	2.1, 2.6, 3.1 & 3.2
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	3.2 & 3.3
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	2 & 3
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	2.6 & 3.3
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	1 & 3.1

Learning Resources

Required Resources

Textbook

Horngren, Datar, Rajan, Wynder, Maguire and Tan (2014). Cost Accounting: A Managerial Emphasis. 2nd Edition. Sydney, Pearson.
The Book can be seen in the following link:
http://www.pearson.com.au/9781442563377

Course Outline:

https://www.adelaide.edu.au/course-outlines/edit/reqresources/102239/1/sem-2/2016/
Learning & Teaching Activities

Learning & Teaching Modes

This course is taught through:
· Lectures – to provide an outline of work to be covered.
· Tutorials – to give opportunity for reflection on and the application of materials covered in lectures and assignments and to discuss issues relating to course matter.
· Group assignments – to provide an in-depth analysis of particular issues requiring critical thinking, self researching, problem solving, as well to enhance team work, social skills and written communication skills.

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)

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 12 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 beginning Monday 7 March 2016. 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 course coordinator, 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.

Tutors' details will be advised on MyUni when they become available.

Learning Activities Summary

A breakdown of the scheduled learning activities is available in the Course Timetable section.

Specific Course Requirements

Consultation and communication

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

Students' consultation is scheduled at the following times:

Friday 2-3 pm during Weeks 2-12 in Room 13.06 (Phone 8313 3412)
Nexus 10 - 10 Pulteney Street

All other consultation is strictly by appointment only.

Tutors will inform you of their consultation arrangements in the first tutorial. This information will also be placed on MyUni.

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

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

Assessment Summary

Assessment	Due date & time	Weighting	Related Learning Outcome
Tutorial Attendance and Participation	Weeks 2-12	5%
Mid Semester Test (1 hour closed book test)	Week 6 Venue: Bonython Hall Date & time: T.B.A.	20%	All
Group Assignment (no more than 3 people)	4pm, Friday 20 May (Week 10)	15%	All
Final Exam (3 hours closed book exam)	Date & time: T.B.A.	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

Presentation of Assignments
· Please retain a copy of all assignments submitted.
· All individual assignments must be attached to an ‘Assignment Cover Sheet’, which is signed and dated by the student before submission. Lecturers will withhold student’s results until such time as the student has signed the Assignment Cover Sheet.
· All group assignments must be attached to a ‘Group Assignment Cover Sheet’, which must be signed and dated by all group members before submission. All team members are expected to contribute approximately equally to a group assignment.

Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism.

Assignment 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.

Late Assignment Submission

Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by a 5% mark reduction for each day that it is late.

Return of Assignments

Lecturer’s aim to mark and return assignments to students within three (3) weeks of the due date with relevant feedback.

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
This section contains links to relevant assessment-related policies and guidelines - all university policies.
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.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator