ACCTING 3503 - Strategic Management Accounting

North Terrace Campus - Semester 1 - 2020

This course builds on material covered in Management Accounting (ACCTING 2500) and examines many of the current issues in management accounting. One of the primary objectives of this course is to develop students? analytical and problem-solving skills by using several case studies. It is assumed in this course that students have an appreciation and good understanding of the basic cost accounting concepts and techniques. Since the early 1990s, management accounting has been in the process of continual change. While some firms still use traditional methods of management accounting such as costing, performance measurement and cost analysis, an increasing number of firms are using innovative management accounting techniques such as activity-based costing, strategically oriented performance measurement systems and strategic cost analysis. This course deals with many of the present-day management accounting techniques. Moreover, it also considers the skills and competencies that management accountants should develop in order to take advantage of the many opportunities offered by the new management accounting techniques.

  • General Course Information
    Course Details
    Course Code ACCTING 3503
    Course Strategic Management Accounting
    Coordinating Unit 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 2500
    Course Description This course builds on material covered in Management Accounting (ACCTING 2500) and examines many of the current issues in management accounting. One of the primary objectives of this course is to develop students? analytical and problem-solving skills by using several case studies. It is assumed in this course that students have an appreciation and good understanding of the basic cost accounting concepts and techniques.

    Since the early 1990s, management accounting has been in the process of continual change. While some firms still use traditional methods of management accounting such as costing, performance measurement and cost analysis, an increasing number of firms are using innovative management accounting techniques such as activity-based costing, strategically oriented performance measurement systems and strategic cost analysis.

    This course deals with many of the present-day management accounting techniques. Moreover, it also considers the skills and competencies that management accountants should develop in order to take advantage of the many opportunities offered by the new management accounting techniques.
    Course Staff

    Course Coordinator: Dr Tony McMurtrie

    Course Coordinator: Dr Tony McMurtrie

    LECTURER-IN-CHARGE
    Name: Dr Tony McMurtrie
    Location: Room 13.45, 10 Pulteney Street
    Telephone: 8313 4515
    Email: tony.mcmurtrie@adelaide.edu.au
    Course Website: www.myuni.adelaide.edu.au

    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. Explain how management accounting information is used in strategic decision making.

    2. Illustrate the process of strategy formulation, communication, implementation and control within an organisation.

    3. Explain how to integrate conventional and contemporary management accounting techniques into a strategic management accounting framework.

    4. Solve practical and applied problems by using research papers and case study analysis.
    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)
    1,2,3,4
    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
    3,4
    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
    1,2,3,4
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    1,2,3,4
    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
    1,4
    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
    4
  • Learning Resources
    Required Resources
    Textbook

    Atkinson A., Kaplan R., Matsamura E., and Young S. 2012 Management Accounting: Information for Decision Making and Strategy Execution, International Edition, Pearson 6th Edition


    This book can be purchased as eithe e-version or hard copy at:

    https://www.pearson.com.au/9780273769989

    This text is supplemented by journal articles and extracts from other texts.
    Recommended Resources
    Additional Textbooks

    Horngren et al. 2014. Cost Accounting A Managerial Emphasis, 2nd Edn (Aus).,Pearson Education.

    Langfield-Smith et al. 2015. Management Accounting; Information for Creating and Managing Value, 7th Edn.,McGraw Hill Education.


    Journal Articles

    A range of journal articles will become available in thye Course Reading section of MyUni.

    We note that the reading material (especially the journal articles) may be added/deleted during the course of the semester due to new developments in the field. Students will be alerted to any changes to the reading material in a timely manner.

  • Learning & Teaching Activities
    Learning & Teaching Modes

    This course is taught through:

    · Lectures – to provide an outline of various concepts that are useful in applying in real-world problems.
    · 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.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    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, for this course, you are expected to commit approximately 9 hours to private study in addition to 3 hours of seminars, which is study outside of your regular classes.

    Students in this course are expected to attend all seminars each week.

    Please refer to Access Adelaide for your timetable and enrolment details: www.adelaide.edu.au/access/
    Learning Activities Summary

    Week

    Lecture Number

    Subject

    Reading

    Week 1

    1

    Management Accounting and Decision Making tools

    Chap 1 &

    Plan Do Check Act Reading

    Week 2

    2

    The Balanced Score card and Strategy

    Chap 2 and

    BSC and CSR

    Week 3

    3

    Costs and Decision Making

    Chap 3

    Costs and Decision Making

     

    Week 4

    4

    Assigning Costs to Products

    Chap 4

    Performance measurement in service businesses revisited

    Week 5

    5

    ABC

    Chap 5

    ABM Implementation

    Week 6

    Mid semester test (cover topics 1 & 2)

    Week 7

    6

    Customer Relationships

    Chap 6

    Week 8

    7

    Process Performance

    Chap 7

    Week 9

    8

    Life Cycle Costs

    Chap 8

    Week 10

    9

    Behavioural Issues

    Chap 9

    Week 11

    10

    Budgets for planning and Co-ordination

    Chap 10

    Week 12

    11

    Financial Control

    Exam Prep

    Chap 11

    Week 13

     

    Optional Teaching week No Classes planned

     

    Week 13

     

    SWOT Vac

     

    Please note that additional readings will be added at a later date for the second half of the semester

  • 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 Task Task Type Due Weighting Learning Outcome
    Class Participation Individual

    Weekly

    10% All
    Mid Semester Test Individual Week 6 10% All
    Assignment Individual Week 7 10% 3 & 4
    Final Exam Individual Exam Period 70% All
    TOTAL 100%
    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. 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 for this course. Marks may be deducted in the Final Exam because of poor hand-writing.

    3. Students in this course are not permitted to take a Dictionary (English or English-Foreign) into the Final Exam.

    4. The use of a “non-programmable” calculator incapable of storing text in the Final Exam is permitted in this course.
    Assessment Detail

    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.

    Individual Assignment

    The individual assignment will be an essay of approximately 1,500 words which will be lodged in MsWord format on line. Details of the essay will be released during class.

    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.

    Final Exam

    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).


    Submission

    No information currently available.

    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
  • 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.