ACCTING 3503 - Strategic Management Accounting
North Terrace Campus - Semester 2 - 2022
General Course Information
Course Code ACCTING 3503 Course Strategic Management Accounting Coordinating Unit Accounting 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 Course Description This course aims to give an understanding of how management accounting and control mechanisms work to support organisations? strategies. It introduces control alternatives, performance management, corporate governance, business ethical issues for both business and not-for-profit entities. Overall, the course focuses on the control functions of management in light of organisations? strategic imperatives.
Course Coordinator: Mr David Joy
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)
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.
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.
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
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.
Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
Merchant K. A., Van der Stede W. A, 2017 Management Control Systems – performance measurement, evaluation and incentives, 4th edition, Pearson.
This book can be purchased as either e-version or hard copy at:
Learning & Teaching Activities
Learning & Teaching ModesThe 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
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.
No information currently available.
Learning Activities Summary
Lecture schedule Week Topic Reading Week 1 The Control Function Chapter 1 Week 2 Control Alternatives
Results, Action, Personal, and Cultural Controls
Chapter 2 & 3 Week 3 Control Effects
Control Tightness and Costs
Chap 4 & 5 Week 4 Design and Evaluation of Control Systems Chapter 6 Week 5 Responsibility Centres Chapter 7 Week 6 Mid-semester test Week 7 Planning, Budgeting and Incentives Chapter 8 & 9 Week 8 Financial performance measures, Myopic Problems Chapter 10 & 11 Mid-semester break Week 9 Uncontrollable Factors Chapter 12 Week 10 Corporate Governance and Auditors Chapter 13 & 14 Week 11 Ethical Issues Chapter 15 Week 12 Control for Not For Profit Orgs Chapter 16
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 Task Task Type Due Weighting Learning Outcome Mid Semester test (online) Individual Week 6* 10% 2 & 3 Individual Assignment (online submission) Individual Week 10* 15% 1 & 2 Class participation Individual Every week 5% 3 & 4 Final exam Individual 70% 1, 3 & 4
Assessment DetailMid-semester test
There will be a mid-semester test during week 6. The test may include short questions.
The individual assignment needs to be submitted at the MyUni course homepage. Detail of the assignment will be informed at the MyUni course homepage.
Tutorial marks will be based on students’ preparation and participation during tutorial classes.
This will be a two-hour exam. All lectures, tutorials and readings (relevant textbook chapters) are examinable.
In order to pass the course, students must achieve an overall mark of 50%
No information currently available.
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.
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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