ACCTING 2500 - Cost and Management Accounting II

North Terrace Campus - Semester 1 - 2017

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 any organisation. On completion of this course, students should be able to identify, use and interpret the results of costing techniques appropriate to different activities and decisions; formulate and use standards and budgets for planning and control purposes; understand the role of responsibility accounting and performance measurement; understand the behavioural implications of performance measurement and transfer pricing systems in divisionalised businesses; appreciate the need to relate management accounting systems to contemporary thinking about organisational planning and control.

  • General Course Information
    Course Details
    Course Code ACCTING 2500
    Course Cost and Management Accounting II
    Coordinating Unit Adelaide Business School
    Term Semester 1
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Prerequisites ACCTING 1002
    Assumed Knowledge Basic computer literacy using MS Office software
    Course Description 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 any organisation. On completion of this course, students should be able to identify, use and interpret the results of costing techniques appropriate to different activities and decisions; formulate and use standards and budgets for planning and control purposes; understand the role of responsibility accounting and performance measurement; understand the behavioural implications of performance measurement and transfer pricing systems in divisionalised businesses; appreciate the need to relate management accounting systems to contemporary thinking about organisational planning and control.
    Course Staff

    Course Coordinator: Dr Sabine Schuhrer

    LECTURER-IN-CHARGE Name: Dr Tony McMurtrie
    Location: Room 13.45, 10 Pulteney Street
    Telephone: 8313 4515

    Course Website:

    SENIOR TUTOR Name: Dr Giao Reynolds
    Location: Room 13.41, 10 Pulteney Street
    Telephone: 8313 0104
    Course Timetable

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

    A detail lecture schedule will published on MyUni
  • Learning Outcomes
    Course Learning Outcomes

    On successful completion of this course, students will be able to:

    1. Explain the role of management accounting information in assisting management in undertaking planning, performance measurement, controlling and decision-making.
    2. Apply traditional and contemporary approaches to product costing in job, process, & acivity based costing environments.
    3. Use standard costs to prepare budgets for planning and control purposes.
    4. Identify relevant information for decision making purposes in order to produce financial analyses for a range of decisions such as product-mix, pricing, outsourcing and special orders.
    5. Work with members of a team.
    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)
    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
    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
    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
    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
  • Learning Resources
    Required Resources
    Online Learning

    Students will need to purchase access to the MyAccounting/Mastery facility that accompanies the text book. Details relating access to this facility will be available on the course web site
    Course website link:

    Recommended Resources
    Students are required to have acccess to the presecribed text book:

    Horngren, C.T., Datar, S.M., and Rajan, M.V. 2015, Cost Accounting, A Managerial Emphasis, 15th edition, (Global Edition) Pearson Education

    It is recommended that students purchase the etext version of this book. The etext includes the MtAccounting lab facility. Students who would rather purchase the hard copy of the text will also need to purchase an access code to the MyAccounting Lab.
  • 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 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.

    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 hours tutorial per week for 11 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 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:

    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 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



    Lecture Number



    1 - Introduction

    March 2


    Introduction to Cost and Management Accounting.

    Cost Behaviour

    Chaps 1, 2 & 10

    2 – Costing Systems

    March 9


    Job Costing

    Process Costing

    Chaps 4 & 17

    March 16



    Chap 5

    March 23


    Support Dpt Costs

    Cost Allocation Joint and By Products

    Chaps 15 & 16

    3 – Budgets and Controls

    March 30


    Master Budgets and Responsibility Accounting

    Chap 6

    April 6


    Flexible Budgets

    Chaps 7 & 8

    Mid Semester Break

    4 – Information for Decision Making

    April 27


    Decision Making and Relevant information


    Chap 11


    May 4



    Customer profitability and Sales Variance analysis

    Chaps 3 & 14


    May 11


    Inventory and Capacity analysis

    Inventory Management

    Chaps 9 & 20


    May 18


    Management Control Systems.

    Performance Management

    Chap 22 & 23


    May 25


    Balanced Scorecard

    Chaps 12 & 19

    5 - Revision

    June 1


    Revision and Exam Prep


    * All Readings are from the prescribed etext – Horgren, Datar and Rajan
    Small Group Discovery Experience
    This course will include a Small Group Discovery Experiance which will be explained in detail in lecture 1.
  • 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
    The assessment details will be available on MyUni and explained in Lecture 1
    #Assessment TaskDescriptionWeightDue Date/WeekLearning Outcomes
    1 Homework Assignments Homework assignments will be completed for each topic. They will consist of online study moduls that you will be required to work through. Marks will only be awarded for completing the complete set of assignments. 10% Each Sunday 11.59pm
    before the respective tutorial
    2 SGDE Details of the SGDE will be provided in Lecture 2 20% See MyUni 5
    3 Exam A 3 hour closed book exam will cover the material from the whole course 70% See MyUni 1-4
    Total 100%
    Assessment Related Requirements

    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. The assignment must be done in a group of 3 students. All members of a group must be enrolled in the same tutorial class.

    4. 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.

    5. Students in this course are not permitted to take a DICTIONARY (English or English-Foreign) into the examination.

    6. The use of a non-programmable calculator incapable of storing text in the examination is permitted in this course.
    Assessment Detail
    Assessment details will be provided separately.
    Presentation of Assignments

    · Please must 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

    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 two (2) weeks of the due date with written feedback. Students are responsible for collecting their marked assignments from either their tutorials or lectures. If assignments aren’t collected after two (2) weeks, the assignments will be available at the Student Hub for two (2) weeks. The remaining assignments will only be posted out to the students, if the correct mailing addresses are on the assignments.
    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 ( 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.