ACCTING 7100NA - Accounting for Managers
Ngee Ann Academy - Quadmester 4 - 2022
General Course Information
Course Code ACCTING 7100NA Course Accounting for Managers Coordinating Unit Adelaide Business School Term Quadmester 4 Level Postgraduate Coursework Location/s Ngee Ann Academy Units 3 Available for Study Abroad and Exchange N Restrictions Restricted to Certificate, Grad Dip and Master of Business Administration students only. Course Description Participants in this course will develop the essential ability of all managers, to use complex accounting information as a platform for decision-making. As the course unfolds, participants will build an increasingly sophisticated level of understanding of the language of accounting and its key concepts. In addition the course develops skills in interpreting earnings statements, balance sheets, and cash flow reports. This ability to analyse financial statements will enable participants to deal more effectively with strategic options for their businesses or business units.
Strong foundations in financial analysis and development of crucial basic accounting skills will also enable participants to develop a management accounting focus. From this second phase of the course students will take away highly relevant skills in areas such as budgeting, product and service costing and short-run decision making. Such skills, ability and knowledge will enable participants to more effectively identify profitable opportunities and to contribute significantly to better management within their own organisations.
Course Coordinator: Associate Professor Ashley Miller
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. Understand the nature and role of the four principal financial statements (i.e., the Income Statement, the Statement of Financial Position, the Statement of Cash Flows, and the Statement of Changes in Equity) ;
2. Develop an awareness and understanding of the accounting process and fundamental accounting principles that underpin the development of financial statements (e.g. accrual accounting vs. cash accounting, definition, recognition, measurement and disclosure of assets, liabilities, revenues, expenses; inventory valuation methods, provisions, depreciation; accounting for intangibles);
3. Ability to read, interpret and analyse financial statements; combine financial analysis with other information to assess the financial performance and position of a company;
4. Understand and apply course concepts to analyse common business management decisions such as pricing and outsourcing decisions from a financial perspective;
5. Understand the role of budgets in organisations, their limitations and the behavioural issues to consider when developing and using budgets for planning and control;
6. Develop group work and communication skills.
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.
3, 4, 5
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.
4, 5, 6
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.
Required ResourcesThe text required is:
Cunningham, B. M., Nikolai, L. A., Bazley, J. D., Kavanagh, M., Simmons, S., (2018), Accounting: Information for Business Decisions, 3rd Edition, Cengage Learning Australia. ISBN 9780730313748.
The textbook is available from the bookshop or online using the following information that has been provided by the publisher:
Printed version (students need to select the print option, rather than eBook): https://www.cengagebrain.com.au/isbn/9780170385411 (Links to an external site.)Links to an external site.
eBook + access to CourseMate Express resources: https://www.cengagebrain.com.au/isbn/9780170283069 (Links to an external site.)Links to an external site.
The publishers have offered a 10% discount code which can only be used for on-line purchases: RADELAIDE10
The textbook also has a companion online student study guide called CourseMate Express that contains summaries of the key points of each chapter and additional problems and questions (with solutions). The code and instructions to access this resource is included with the purchase of the hardcopy textbook or, as noted above, can be separately purchased if you buy the ebook version. As accounting techniques are often best learnt with lots of practice, you may wish to access this guide for such a purpose. Prior students have reported that they have found these sources of on-line resources to be a very useful for improving their understanding and for revision purposes.
Online LearningThis course will have access to the on-line resource WileyPLUS which accompanies the textbook. Information on accessing WileyPLUS will be provided separately.
Learning & Teaching Activities
Learning & Teaching ModesWeekly seminars. A minimum attendance of 80% of class sessions is required.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.The workload in this course is not light, particularly topics 4 and 5 were there is a considerable amount of reading. Students normally find topics 7-11 easier in terms of preparation hours required compared to earlier topics. As a guide, students will need to spend around 7 hours (not including class time) per topic for reading and attempting/revisiting the in-class activities prescribed for each topic.
Learning Activities SummaryTopic 1: An Overview of Accounting & Financial Statements
Topic 2: The Accounting Information System
Topic 3: Accrual Accounting & Measuring Performance
Topic 4: Working Capital
Topic 5: Non-Current Assets, Debt & Equity
Topic 6: Cash Flows
Topic 7: Financial Statement Analysis + IN-CLASS TEST
Topic 8: Introduction to Management Accounting, Costing Concepts & CVP Analysis.
Topic 9: Costing of Goods and Services
Topic 10: Incremental Analysis & Short-Run Decision-Making
Exam Revision & Preparation
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 SummaryThere are three assessment items:
An in-class test - 15%
A group project - 30%
Final examination - 55%.
Assessment DetailFurther information on these assessment items will be provided separately.
SubmissionThe group assignment is to be submitted electronically.
The mid-trimester test and final examination are held in class sessions.
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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