ACCTING 2500 - Cost and Management Accounting
North Terrace Campus - Semester 1 - 2022
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General Course Information
Course Details
Course Code ACCTING 2500 Course Cost and Management Accounting Coordinating Unit Accounting 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 Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Mr David Joy
Course Co-ordinator & Lecturer:
Mr David Joy
Course instructors
1. Nurmalisa Che Ali
2. Sabiha Shaikh
3. Tony Trimboli
The contact details of the tutors will be available after the commencement of the tutorial classes.
Course Website: www.myuni.adelaide.edu.auCourse Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
A detailed lecture schedule will published on MyUni in the first week of the course. -
Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1. Describe the three fundamental purposes of cost and management accounting. As part of this learning, students will be able to appreciate the use of different costs for different purposes.
2. Explain traditional and contemporary approaches to cost allocation.
3. Describe different product costing scenarios in job-order and process environments.
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. Use standard costs to prepare budgets for planning and control purposes.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) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1-4 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
3&4 Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
1-5 -
Learning Resources
Required Resources
Textbook:
The required textbook for this course is Horgren's Cost Accounting a Managerial Emphasis by Datar and Rajan, Pearson Publishers 17th Edition. Several options exist to purchase this book:
1. Print version with the MyAccounting Lab electronic resource; 2. E-book with the MyAccounting La resource.
The only purchase option at this stage is on-line. URL information:
https://www.pearson.com.au/9781292363165Recommended 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.
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Learning & Teaching Activities
Learning & Teaching Modes
This course is taught through a dual mode. Face to Face and online class options are available for Offshore /
Interstate students in this course. Refer to Course Planner and the location of each activity to identify online and face to face classes.
· Lectures – will ALL BE ONLINE. They will become avialbe to students each week through the Echo360 module on MyUni. Lectures are designed to provide an outline of various concepts that are useful in applying in real-world problems.
· Tutorials – Are designed 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:
· up to 2 hours of online lecture per week for 12 weeks
· 1 hour tutorial per week for 11 weeks (tutorial begins in Week 2 and there will be a mid-semester test in week 6 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
Lecture ScheduleCost and Management Accounting Semester 1 2021Readings are the chapters form the prescribed text book
Week
Subject
Reading
Week 1 Introduction to Cost and Management Accounting.
Chaps 1, & 2
Week 2 Cost Behaviour
Data Analytics
Chaps 10 & 11
Week 3 Job Costing
Process Costing
ABC
Chaps 4, & 18
Week 4 ABC
CVP
Chaps 5 & 3
Week 5 Support Dpt Costs
Cost Allocation Joint and By Products
Chaps 16 & 17
Week 6 Mid Semester Test Cover weeks 1 - 4
Week 7
Master Budgets and Responsibility Accounting
Chap 6
Week 8 Flexible Budgets
Chaps 7 & 8
Week 9 Pricing Decisions
Decision Making and Relevant information
Chaps 14 & 12
Week 10 Inventory and Capacity analysis
Inventory Management
Chaps 9 & 21
Week 11 Management Control Systems.
Performance Management
Chap 23.& 24
Week 12 Balanced Scorecard
Quality and Time
Chap 12 pp 535 – 552 & Chap 20
Week 13 & 14 SWOT VAC
Exam period
15 21
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Assessment
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
Due to the current COVID-19 situation modified arrangements have been made to assessments to facilitate remote learning and teaching. Assessment details provided here reflect recent updates.The assessment details will be available on MyUni and explained in Lecture 1
Assessment items
Due Date
Weight (%)
Course Learning Outcomes
Individual Assignment
Sunday, Week 11
10
4, 5
Mid-semester test – on line
Week 6
15
1,2,3
Class Participation
5
All
Final exam – on line
Exam Period
70
All
Individual Assignment
The individual assignment will be a technical problem with a small theory component attached. It will become available in the assignment section of the MyUni course website. Students will need to complete the assignment as a word or excel document and then upload there file to the MyUni site. Hand written assignments will not be marked and will receive a zero grade Late submissions will be penalised 10% for each day late. Submissions submitted after Friday, Week 12 without prior approval will not be marked.
Mid-semester test
· There will be a mid-semester test during week 6
· The test will be on line during the time designated as the lecture time. It will cover the first four weeks of the course (Chapters 1 – 5, 10, 11, & 18).
· It may be a combination of both MCQ and practical questions.
Tutorial marks
Tutorial marks will be based on students’ preparation and participation during. (Including students activity during on-line tutorials). Marks will be allocated to students based on their contribution to the overall discussion.
The final exam will be a three hour exam and all lectures, tutorials and set readings are examinable. In order to pass the
course students must achieve an overall mark of 50% and also at least 50% in the invigilated assessment (Mid-semester test and Final exam combined).
Assessment Related Requirements
NOTES ON ASSESSMENT
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. 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.
3. Students in this course are NOT permitted to take a DICTIONARY (English or English-Foreign) into the examination.
4. The use of a non-programmable calculator incapable of storing text in the examination is permitted in this course.Assessment Detail
Online Tests
- Students will need to complete a series of on-line test during the semester.
- There will be 4 tests.
- The dates the test are available will be advised during semester class times. Students are required to complete each test by the due date. Students must answer all questions correctly to complete the test.
- The test can be undertaken as many times as needed to complete correctly.
- Marks will awarded for each test that is completed by its due date. Failure to complete a test by its due date will result in a zero mark for that text.
- Each test must be successfully completed before the next test can be undertaken
Mid-semester test
- There will be a mid-semester test during week 6.
- The test will be paper-based. It will cover the first four weeks of the course (Topics 1 & 2).
- It may be a combination of both MCQ and practical questions.
Tutorial marks
Tutorial marks will be based on students’ preparation and participation during.
Marks will be allocated to students based on their contribution to the overall discussion.
The final exam will be a three hour exam and all lectures, tutorials and set readings are examinable.
In order to pass the course students must achieve an overall mark of 50% and also at least 50% in the invigilated assessment (Mid-semester test and Final exam combined).
The details on each assessment task will be provided separately in the first week of the 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/downloads/Communications-Skills-Guide.pdf
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.
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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.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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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.
