ACCTING 2500 - Cost and Management Accounting

North Terrace Campus - Semester 2 - 2020

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
    Coordinating Unit Adelaide Business School
    Term Semester 2
    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 Tony McMurtrie

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

    Course Website:

    List of Tutors

    1. Rob Maloney  
    2. Sabiha shaikh
    3. Nurmalisa Che Ali
    4. Tony McMurtrie

    The contact details of the tutors will be available after the commencement of the tutorial classes.
    Course Timetable

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

  • 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)
    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
    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
  • Learning Resources
    Required Resources

    The required textbook for this course is Horgren's Cost Accounting a Managerial Emphasis by Datar and Rajan, Pearson Publishers 16th Edition.  Students will need to purchase the text book containing the MyAccounting Lab application. 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:

    Hard copy with MyLab

    Ebook and My Lab -

    My Lab (no ebook)
    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 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.

    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 Monday 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 Schedule for Semester
    Week Topic/Lecture
    Subject Reading
    Week 1 1-1 Introduction to Cost and Management Accounting. Chaps 1, & 2
    Week 2 2-1 Cost Behaviour
    Job Costing
    Chaps 10 & 4
    Week 3 2-2 Process Costing
    Spoilage and Rework
    Chaps 17 & 18
    Week 4 2-3 ABC
    Chaps 5 & 3
    Week 5 3-1 Support Dpt Costs
    Cost Allocation Joint and By Products
    Chaps 15 & 16
    Week 6 4-1 Master Budgets and Responsibility Accounting Chap 6
    Week 7 4-2 Flexible Budgets Chaps 7 & 8
    Week 8 Mid Semester Test (Topics 1, 2, & 3)
    Week 9 5-1 Pricing Decisions
    Decision Making and Relevant information
    Chaps 13 & 14
    Week 10 5-2 Inventory and Capacity analysis
    Inventory Management
    Chaps 9 & 20
    Week 11 5-3 Management Control Systems.
    Performance Management
    Chap 22 & 23
    Week 12 5-4 Balanced Scorecard
    Revision and Exam Prep
    Chap 12 pp 497 - 515
    Week 13 SWOT Vac
  • 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 items Due Date Weight (%) Learning Outcome
    Individual Assignment September 4 10 2-3
    Mid-semester test – on line Wewek 8 15 1-3
    Group Assignment TBA 10 4
    Class Participation On going 5 1-5
    Final exam – on line TBA 60 1-5
    Assessment Related Requirements

    1. In order to pass this course students must achieve an overall minimum grade of 50% as well as at least 50% in the invigilated assessment (mid semester test and 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 if markers are unable to read / understand answers 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
    Individual Assignment

    The individual assignment will be a technical problem with a small theory component attached. It will relate to topic 2 from the Lecture Schedule. It will become available in the assignment section of the MyUni course website. Students will need to complete the assignment as a word document and then upload there file to the MyUni site. Late submissions will be penalised 10% for each day late. Submissions submitted after September 8 without prior approval will not be marked.

    Mid-semester test

    There will be a mid-semester test during week 8.
    The test will be on line during the time designated as the lecture time. It will cover the first five weeks of the course (Topics 1, 2 & 3).  It may be a combination of both MCQ and practical questions.

    Group Assignment

    Students will be grouped within their tutorials and required to research a Management Accounting topic. Details of the task will be released early in the semester

    Tutorial marks

    Tutorial marks will be based on students’ preparation and participation during.(Including students activity during on-line tutorials). Marks will beallocated to students based on their contribution to the overalldiscussion.

    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).
    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% of the available marks 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.