ACCTING 7014 - Management Accounting (M)

North Terrace Campus - Semester 1 - 2018

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
Prerequisites	ACCTING 7019
Incompatible	COMMERCE 7021
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

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

Saira Saquib

The tutors' office location and consulting hours will be posted later.

Course Timetable

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

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. Develop and apply standards and budgets for planning and controlling purposes.
4. Apply incremental analysis to a range of business scenarios.
5. Present and critically analyse information pertaining to accounting, management, ethical, and social issues to assist management decision making.
6. Identify various decision contexts and examine when teams are involved in developing appropriate solutions.

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

Horngren, Datar, and Rajan (2018). Horngren's Cost Accounting: A Managerial Emphasis. 16th Edition, Pearson.

Kindly note that the My Accounting Lab software is used only for your own additional practice and not currently linked with your assessment in this semester.

The students can purchase the complete bundle: the text along with the access code for My Accounting Lab from the University Cooperative Bookshop at Hub Central, Level 4, Hughes Building for a bundle-discounted price of $146.65. Please contact Jake Kempf, Store Manager at the Uni Coop Bookshop.

Learning & Teaching Modes

The teaching and learning activities for this course include:
· 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.

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. There is no tutorial in Week 6 when mid-semester test is held.)

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 6 March 2017. 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

Week	Topic	Reading	Tutorial Questions
1	COURSE INTRODUCTION 1. Course outline and structure 2. Introduction to cost terms and purposes	Ch. 1 pp. 21-33 Ch. 2 pp. 49-65	No tutorial in Week 1. Tutorials start in Week 2.
2	COST ALLOCATION METHODS 1. Departmental cost allocation 2. Activity-based allocation	Ch. 15 pp. 622-639 Ch. 5 pp. 172-195	1-1; 1-3; 1-4; 1-5; 1-17; 1-20; 1-26; 1-32; 2-8; 2-11; 2-21; 2-30; 2-33; 2-35; 2-45;2-47
3	INVENTORY VALUATION 1. Job costing 2. Process costing_Basic treatment	Ch. 4 pp.127-151 Ch. 17. pp. 695-701	15-1; 15-5; 15-7; 15-8; 15-18; 15-21; 15-22; 15-31; 5-1; 5-2; 5-7; 5-16; 5-17; 5-18; 5-20; 5-21; 5-23; 5-24; 5-27; 5-29
4	1. Process costing_Advanced treatment 2. Joint product and byproduct costing	Ch. 17 pp. 704-715 Ch. 16 pp. 663-675	4-16; 4-17;4-19; 4-20; 4-21; 4-24; 4-25; 4-35;4-36; 4-37; 4-38; 4-39; 4-41; 17-1; 17-3; 17-19; 17-21; 17-23;17-24; 17-25
5	1. DECISION SUPPORT 1. Relevant information 2. Cost-volume-profit analysis	Ch. 11 pp. 446-462 Ch. 3 pp. 86-108	17-13; 17-14;17-31; 17-39; 17-41; 17-43; 16-2; 16-3; 16-19; 16-23; 16-25; 16-26; 16-29; 16-31; 16-36; 16-38
	Mid-semester break April 2-13
6	Mid semester class test (no lecture or tutorial this week)
7	1. Customer profitability analysis 2. Pricing decisions	Ch. 14 pp. 579-598 Ch. 13 pp. 544-553	11-2; 11-3; 11-6; 11-8; 11-18; 11-20; 11-21; 11-26; 11-27; 11-34; 11-35; 3-2; 3-4; 3-22; 3-25; 3-29; 3-30; 3-35; 3-39; 3-40
8	COST CONTROL 1. Cost estimation 2. Master budget and responsibility accounting	Ch. 10 pp. 397-405 Ch. 6 pp. 218-239	14-1; 14-5; 14-10; 14-19; 14-21; 14-23; 14-31; 13-2; 13-9; 13-20; 13-22; 13-25
9	1. Flexible budgets and direct cost variances 2. Overhead cost variances	Ch. 7 pp. 269-284 Ch. 8 pp. 308-319	10-4; 10-14; 10-15; 10-21; 10-22 (2&3); 10-27; 10-28 (2&3); 10-30; 10-35;6-2; 6-4; 6-15; 6-16; 6-22; 6-23; 6-24; 6-25; 6-32
10	SPECIAL TOPICS 1. Variable and absorption costing 2. Capacity analysis	Ch. 9 pp. 349-360 Ch. 9 pp. 363-367	7-7; 7-10; 7-18; 7-19; 7-22; 7-23; 7-26; 7-27; 7-30; 7-36; 7-37; 8-1; 8-2; 8-21; 8-22; 8-23; 8-24; 8-29; 8-35
11	1. Strategy and balanced scorecard 2. Cost of quality	Ch.12 pp. 497-514 Ch. 19 pp.769-779	9-1; 9-9; 9-17; 9-19; 9-21; 9-23; 9-25; 9-27; 9-29; 9-30; 9-31; 9-34; 9-35
12	1. Introduction to Management Control 2. Exam review	Ch. 22 pp. 877-881	12-1; 12-6; 12-18; 12-19; 12-25; 12-26; 12-27; 12-28; 12-37; 19-1; 19-3; 19-4; 19-5; 19-20; 19-21; 19-27
	SWOT/Exam period: Saturday 16 June - Saturday 30 June

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:

Wednesday 2 pm-3.30 pm during Weeks 2-12 in Room 13.07.
Nexus 10 - 10 Pulteney Street

All other consultation is 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
Lecture attendance	Weeks 1-12	5%
Mid Semester Test (1 hour closed book test on topics 1-4)	Week 6 Venue: Bonython Hall Date & time: During Lecture time - Details to be announced later.	25%	All
Tutorial participation	Weeks 2-12 (except week 6)	5%
Final Examination (3 hours closed book)	Date & time: to be announced later.	65%	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