ACCTING 3503 - Strategic Management Accounting

North Terrace Campus - Semester 2 - 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.

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Course Details

Course Code	ACCTING 3503
Course	Strategic 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 2500
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

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.

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 Modes

The University expects full-time students (i.e. those taking 12 units per semester) to allocate a total of at least 48 hours per week to their studies. Students in this course are expected to be present at all seminars each week throughout the semester.

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 Lecturer and Teaching Assistant are available for student consultation. We will notify students of the appropriate consultation times in due course. Moreover, please check your student email as course-related announcements are normally communicated via email.

Workload

No information currently available.

Learning Activities Summary

The lecture program appears below. Unless otherwise indicated all the readings come from the prescribed text book
Week	Topic	Reading
Week 1	Managment Accounting and Decison making tools	Chap 1 and Plan, Do, Act, Check readin
Week 2	The Balanced Score card and strategy	Chap 2 and BSC and CSR
Week 3	Costs and Decision Making	Add on: Chap 18 Drury Mgt and Cost Acct, on line
Week 4	Assigning Costs to Products	Chap 4 Performance measurement in service businesses revisited
Week 5	ABC	Chap 5 ABM Implementation
Week 6	Mid Semester Test	Will cover weeks 1 - 4
Week 7	Customer Relationship	Chap 6
Week 8	Process Performance	Chap 7
	Mid Semester Break
Week 9	Life Cycle Costs	Chap 8
Week 10	Behavioural Issues	Chap 9
Week 11	Budgets for planning and Co-ordination	Chap 10
Week 12	Financial Contrl Exam Prep	Chap 11

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 Task	Task Type	Due	Weighting	Learning Outcome
Mid Semester test 1	Individual	Week 6	15
Individual Assignment 1	Individual	17 Sep	20
Class participation	Individual	Various	5
Exam	Individual		60

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.
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.

The final exam will be a two 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
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