ACCT2522 Management Accounting 1 Course Outline S1 2016
ACCT2522 Management Accounting 1 Course Outline S1 2016
ACCT2522 Management Accounting 1 Course Outline S1 2016
School of Accounting
ACCT2522
MANAGEMENT ACCOUNTING 1
Course Outline
Semester 1, 2016
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Table of Contents
PART A: COURSESPECIFIC INFORMATION
COURSE DETAILS
1
2
2
2
3
4
4
4
ASSESSMENT
4.1Formal Requirements
4.2Assessment Details
5
5
COURSE RESOURCES
COURSE SCHEDULE
10
11
11
12
10
12
10.1
10.2
10.3
10.4
10.5
Workload
Attendance
General Conduct and Behaviour
Health and Safety
Keeping Informed
12
12
12
13
13
11
SPECIAL CONSIDERATION
13
12
15
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Room Number
Telephone
Quad 3097
9385 5832
Quad 3074
9385 5817
Quad 3062
9385 5812
Lecturers
Tutors
To be announced in week 1.
Students will be notified of staff consultation hours in week 1. You are encouraged to seek
help from any staff member teaching on this course during their consultation hours. The
lecturers will be available for up to two hours per week to conduct consultations on a drop-in
basis or via phone. Staff members will not conduct any extensive consultations by email
unless they indicate a personal preference to do so.
Common etiquette must be observed when conducting any written communication with staff
members. In the case of email, make sure that you comply with the following:
(1) Your email is sent from your official UNSW email account;
(2) Your email contains proper salutations, sign-offs, and your full name and student
identification number;
(3) If your email is in relation to your tutorial, you should identify the tutorial number and the
name of your tutor; and
(4) Your email has been checked for spelling, and does not contain short hand or text/SMS.
If your email does not meet any of the above requirements, do not expect a response.
Please be aware that staff members will only address email queries that require reasonably
short replies during their consultation times after dealing with drop-in students and phone
queries.
2 COURSE DETAILS
2.1
Lecture
Day
Time
Mathews Theatre A
Thursday
9:00 - 11:00
Mathews Theatre A
Thursday
13:00 - 15:00
CLB 6
Thursday
18:00 - 20:00
Tutorials start in Week 2 (to Week 13). A full list of tutorials and times can be found here:
http://timetable.unsw.edu.au/2016/ACCT2522.html.
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Attendance: You should attend the tutorial in which you are enrolled. If, however, you are
unable to attend your class due to illness or other extenuating circumstances, please attend
another class to ensure that you do not miss out on the material covered. Obtain a note from
the tutor of your substitute class to verify attendance, and provide it to your tutor the following
week. However, you must attend your enrolled tutorial for relevant assessments (see
Part A Section 4.2 for details).
2.2
Units of Credit
2.3
Summary of Course
This course examines management accounting practices directed towards the effective and
efficient use of organisational resources. This includes the design and operation of
management accounting systems for planning and control purposes; the use of management
accounting practices to support effective resource management and to achieve process
improvement; and the study of behavioural implications of management accounting practices
and how the latter are shaped by human processes.
2.4
This course is offered as part of an accounting major, double major or disciplinary minor in the
Bachelor of Commerce or Bachelor of Economics degrees. A pre-requisite for this course is
ACCT1511 Accounting and Financial Management 1B. This course also constitutes part of the
core curriculum of studies required by CPA Australia and the Institute of Chartered
Accountants in Australia and New Zealand.
This course builds on the basic cost accounting knowledge gleaned in ACCT1501 and
ACCT1511; and further presents various management accounting practices and techniques
that are adopted to ensure that organisational resources are used effectively and efficiently in
creating value for customer and shareholders. As part of the course, we explore how the
management of customer value parameters (such as cost, quality, and time) is critical to value
creation; and how management accounting practices can support value creation. Specifically,
students will be informed of three main interrelated themes as follows:
1.
2.
3.
We aim to encourage critical thinking about issues that may arise as these themes are
covered, and to improve students abilities to address such issues with confidence and
creativity in a professional and work-based context. This course draws upon business
practices, contemporary and international research, and cases to explore issues that are
raised. In addition, the course will also prepare you for ACCT3583 Management Accounting 2.
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2.5
The Course Learning Outcomes are what you should be able to DO by the end of this course
if you participate fully in learning activities and successfully complete the assessment items.
1. Describe and adopt a processual and dynamic view of organisations.
2. Understand the importance of accurate costing, and apply different costing techniques and systems
to achieve this aim.
3. Explain how management accounting technologies can be used to constructively drive and support
process improvement in order to reduce cost, reduce time, improve quality, and support innovation.
4. Identify, evaluate, and utilise relevant management accounting information in making various
operational, investment, and pricing decisions.
5. Recognise how management control systems can influence behaviour, and apply this knowledge in
designing performance measurement systems and incentive packages that motivate the
achievement of organisational goals.
6. Appreciate how the technical and social contexts of organisations affect value generation.
7. Learn independently and assume responsibility for your learning process.
8. Demonstrate an understanding of the organisational context and a tolerance for ambiguity when
applying knowledge and problem-solving skills to specific cases.
The Course Learning Outcomes also help you to achieve some of the overall Program
Learning Goals and Outcomes for all undergraduate students in the Business School.
Program Learning Goals are what we want you to BE or HAVE by the time you successfully
complete your degree (e.g. be an effective team player). You demonstrate this by achieving
specific Program Learning Outcomes - what you are able to DO by the end of your degree
(e.g. participate collaboratively and responsibly in teams). For more information on the
Undergraduate Program Learning Goals and Outcomes, see Part B of the course outline.
The following table shows how your Course Learning Outcomes relate to the overall Program
Learning Goals and Outcomes, and indicates where these are assessed (they may also be
developed in tutorials and other activities):
Program Learning Goals
and Outcomes
This course helps you to
achieve the following learning
goals for all Business School
undergraduate students:
1
Knowledge
3a
Written communication
3b
Oral communication
4
5a.
Teamwork
Ethical, environmental
and sustainability
responsibility
Social and cultural
awareness
5b.
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At university, the focus is on your self-directed search for knowledge, and the assessments in
this course are designed with this in mind. Lectures, tutorials, textbooks, assessments and
other resources are all provided to help you fully comprehend and appreciate the concepts of
this subject.
It is up to you to choose how much work you do in each part of the course: preparing for
classes; completing assessments; studying for exams; and seeking assistance or extra work
to extend and clarify your understanding. You must choose an approach that best suits your
learning style and goals in this course. Tutorial questions and self-study questions are
provided to guide your learning process. It is important to keep up-to-date as the material
covered in each week builds on the material covered in prior weeks.
3.2
Lectures
The purpose of lectures is to introduce and explain concepts that are critical to the core
themes of the course, and to provide a logical structure for the topics. Each lecture will
provide a short overview of the topic and then focus on explaining key concepts, frameworks,
and issues. In order to maximise the benefits of attending lectures, students are encouraged
to read the relevant study materials thoroughly before attending lectures. Lecture notes will
be posted on Moodle by Monday of the week the lecture is held.
Tutorials
Tutorials constitute the core learning experience of this course. During tutorials, students will
be encouraged to discuss and critique accounting concepts in a group environment, present
their findings in front of the class, and apply their knowledge to solve problems via homework
questions and class exercises. It is essential that you read the relevant course materials and
prepare written responses to tutorial questions prior to the tutorial each week. Tutorial
questions will be posted on Moodle on the Monday of the week prior to the tutorial being held.
Self-study
Self-study is a key element of the learning design of this course. From time to time, self-study
materials will be posted on Moodle to facilitate deeper learning of core elements of the course.
The aim of these self-study questions is to encourage students to assume responsibility for
the learning process, and to make the tutorials more effective. Thus onus is on students to
review and complete these materials. Staff will be available in consultation hours to assist
with difficulties experienced with self-study materials.
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4 ASSESSMENT
4.1
Formal Requirements
All assessment tasks are compulsory to ensure that you have every opportunity to illustrate
your knowledge of the course material. Failure to complete an assessment task may result in
students being refused permission to sit the final examination, and being given an
Unsatisfactory Fail (UF) grade for this course.
In order to pass this course, students must satisfy the following criteria:
(a)
(b)
Supplementary final exam: organised by the Business School panel and will be held on 12
July 2016. There will only be ONE supplementary final exam. It is the students responsibility
to ensure that he or she is available on the date of the supplementary exam (see Part B
Section 11 for special considerations and supplementary exam information).
4.2
Assessment Details
Weighting
Length
Due Date
1. Homework Preparation
5%
N/A
Beginning of tutorial
5%
20 minutes
(recommended)
As detailed below
3. In-class test
25%
45 minutes
During Week 7
tutorials
4. Final Examination
65%
TBA
Total
100%
Important note: The use of short hand or SMS language is not permitted in any of the
assessment tasks. Students who need assistance with their writing skills are strongly advised
to contact the Learning Centre or the Education Development Unit (EDU) as writing skills are
taken into account when marking all assessments.
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Please note:
Answers must be on paper i.e. documents on laptop screens will not accepted.
Your homework will only be reviewed in your enrolled tutorial. It will not be reviewed if you
are more than ten minutes late for your tutorial. Other tutors cannot review your work.
Plagiarism will be dealt with accordingly (see Part B Section 9 for details).
If you know in advance that you will be absent from your assigned tutorial, you may email
a copy of your homework to your tutor prior to your tutorial.
No special consideration will be granted for this assessment. Only two out of three
reviews are counted toward your final tutorial preparation mark. As such, students who
encounter misadventure, sickness or any other circumstance that causes them to miss a
review are not expected to be unfairly disadvantaged.
Topics Tested
Start
End
Quiz I
Topics: 1-2
Week 3 Friday 8 am
Week 4 Friday 11 pm
Quiz II
Topics: 3-4
Week 5 Friday 8 am
Week 6 Friday 11 pm
Quiz III
Topics: 6-8
Week 9 Friday 8 am
Week 10 Friday 11 pm
Quiz IV
Topics: 9-10
Week 11 Friday 8 am
Week 12 Friday 11 pm
Each quiz comprises 10 multiple choice questions which can be numerical or conceptual in
nature. The questions are drawn at random from a larger set of questions. You may attempt
each quiz as many times as you wish (we strongly recommend that you attempt each quiz
more than once). Your score will be displayed upon each submission of the quiz, and the
correct answers will be provided the week after the quiz has ended.
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Mark allocation: marks are awarded based solely on the successful completion and
submission of the quizzes, and not on your quiz scores (which are not recorded in
Moodle). You must make at least one valid submission for each quiz to be awarded a
mark, with the valid submissions of all four quizzes totalling 5 marks. A valid
submission is defined as answering all 10 questions, completing and submitting them into
the system within the specified period (see table above).
Duration and submission: while quizzes are not timed, for learning purposes, you should
aim to complete each quiz within 20 minutes. In addition, you are expected to take the
quiz independently without any aids (without the textbook or any online resources).
Please be aware that closing a quiz before submitting will not constitute a successful
submission. All attempts must be submitted.
Please note:
It is your responsibility to arrange your schedule to do the quizzes. Ensure to take the quiz
early in the week rather than attempting to take it at the last minute to accommodate any
potential internet delays.
If you are unable to take the quiz within the specified period, you will receive a mark of
zero (0) for that quiz. There will NOT be a make-up quiz if you miss a quiz.
Calculative
Discursive
One mark will be awarded for each correct answer, and no marks will be
deducted for wrong answers.
Marks are awarded based on: (i) the degree of accuracy in the selection and
application of formulas to problems; and (ii) clear, logical and comprehensive
working that reflects the students understanding of the concepts underlying the
calculation. Marks will not necessarily be awarded for writing down a formula
without any application. In addition, the student will not be penalised for the
same error twice if the incorrect answer is required to be incorporated in a later
part of the question.
Marks are awarded based on the students ability to demonstrate: (i)
comprehension of the problem; (ii) understanding of the relevant concepts; and
(iii) the ability to apply the relevant concepts correctly to the specific context of
the problem. Marks will also be awarded based on the formulation and writing of
a clear and comprehensive answer that reflects the students ability to think
logically.
Note: Marks may be deducted for answers that show a complete lack of understanding of core
concepts.
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In-class test papers will generally be returned to students in three weeks. The papers will be
re-marked only in exceptional circumstances. Also, requests must be made directly to the
tutor within 10 working days of the in-class test mark being released. No query on in-class
test marks will be entertained after this time.
Please note that:
You must bring your student card in order to sit the in-class test.
You will only be allowed to sit the in-class test in the tutorial that you are enrolled
in. It is your responsibility to keep the day free of other commitments as you have been
notified well in advance. However, if you are aware of extenuating circumstances that
prevent you from sitting the in-class test, you must contact the lecturer-in-charge at least
10 working days in advance to make alternative arrangements.
If you are unable to attend the in-class test for medical reasons, or other extenuating
circumstances, you are required to lodge a special consideration application (see Part B
Section 11 for more information).
Quality Assurance
The Business School is actively monitoring student learning and quality of the student
experience in all its programs. A random selection of completed assessment tasks may
be used for quality assurance, such as to determine the extent to which program
learning goals are being achieved. The information is required for accreditation
purposes, and aggregated findings will be used to inform changes aimed at improving
the quality of Business School programs. All material used for such processes will be
treated as confidential.
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5 COURSE RESOURCES
Langfield-Smith, K., H. Thorne, D. Smith and R. W. Hilton (2015). Management Accounting
7e: Information for Managing and Creating Value, 7th ed, McGraw-Hill Australia Pty Ltd.
This text is available from the UNSW Bookshop. Please advise the Lecturer-in-Charge
immediately if you have difficulty in obtaining the text from the bookshop. Copies of the
text will also be available through Open Reserve at UNSW library.
In addition to the prescribed text, supplementary reading materials may be issued during
the session as required.
Other suggested textbooks in the library that can be referred to if you should wish to conduct
further self-study in the topics covered by this course are:
Briers, M., J. Macmullen, M. Dyball, & H. Mahama (eds.) (2004). Management Accounting
for Change: Process Improvement and Innovation (4th Edition).
Horngren, C.T., Wynder, M., Maguire, W., Tan, R., Datar, S.M., Foster, G., Rajan, M.V., &
C. Ittner (2011). Cost Accounting: A Managerial Emphasis (1st Australian Edition).
Pearson Australia.
Course website: UNSW Moodle at: https://moodle.telt.unsw.edu.au/login/index.php
Please note that students are responsible for updating themselves on any information that is
posted on Moodle. Information provided on Moodle may include:
Course Outline;
Supplementary reading material;
PowerPoint lecture notes (which may include announcements made in lectures);
Brief solutions to numerical tutorial questions;
Assessment results;
Contact and consultation details of staff; and
Course-related announcements and other administrative matters.
Library information and subject guides etc. are available at:
http://subjectguides.library.unsw.edu.au/business
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7 COURSE SCHEDULE
COURSE SCHEDULE
Week
Lecture Topic
(Lecturer)
References:
Lecture Topics
Tutorial
Topic
LS Ch. 1
LS Ch. 16 p.736-745
+ Additional Reading
Week 2
7 March
LS Ch. 2
LS Ch. 3
Topic 1
Week 3
14 March
LS Ch. 7
Topic 2
Week 4
21 March
LS Ch. 8
+ Additional Reading
Topic 3
Week 1
29 Feb
Assessment
Activities
Quiz I
(Topics 1 & 2)
LS Ch. 10
Topic 4
Week 6
11 April
LS Ch. 19
LS Ch. 16 p.745-751
Topic 5
Week 7
18 April
LS Ch. 12
Week 8
25 April
Week 9
2 May
LS Ch. 16 p.751-754
+ Additional Reading
Topic 8
Week 10
9 May
LS Ch. 16 p.754-760
+ Additional Reading
Topic 9
Week 11
16 May
LS Ch. 21
Topic 10
Week 12
23 May
LS Ch. 13
p. 618-623
+ Additional Reading
Topic 11
Week 13
30 May
No Lectures
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Quiz II
(Topics 3 & 4)
Topics 6 & 7
Quiz III
(Topics 6-8)
Quiz IV
(Topics 9-10)
Topic 12
10
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11
plagiarism,
do
this
short
quiz:
For information on how to acknowledge your sources and reference correctly, see:
https://student.unsw.edu.au/harvard-referencing
For the Business School Harvard Referencing Guide, see the Business Referencing and
Plagiarism webpage (Business > Students > Learning support > Resources > Referencing
and plagiarism).
10.1 Workload
It is expected that you will spend at least nine to ten hours per week studying this course.
This time should be made up of reading, research, working on exercises and problems,
online activities and attending classes. In periods where you need to complete assignments
or prepare for examinations, the workload may be greater. Over-commitment has been a
cause of failure for many students. You should take the required workload into account when
planning how to balance study with employment and other activities.
We strongly encourage you to connect with your Moodle course websites in the first week
of semester. Local and international research indicates that students who engage early and
often with their course website are more likely to pass their course.
Information on expected workload: https://student.unsw.edu.au/uoc
10.2 Attendance
Your regular and punctual attendance at lectures and seminars is expected in this course.
University regulations indicate that if students attend less than 80% of scheduled classes
they
may
be
refused
final
assessment.
For
more
information,
see:
https://student.unsw.edu.au/attendance
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11 SPECIAL CONSIDERATION
You must submit all assignments and attend all examinations scheduled for your course. You
should seek assistance early if you suffer illness or misadventure which affects your course
progress.
General Information on Special Consideration for Undergraduate and Postgraduate
courses:
1. All applications for special consideration must be lodged online through myUNSW
within 3 working days of the assessment (Log into myUNSW and go to My
Student Profile tab > My Student Services > Online Services > Special
Consideration). You will then need to submit the originals or certified copies of your
completed Professional Authority form (pdf - download here) and other supporting
documentation to Student Central. For more information, please study carefully in
advance the instructions and conditions at:
https://student.unsw.edu.au/special-consideration
2. Please note that documentation may be checked for authenticity and the submission
of false documentation will be treated as academic misconduct. The School may ask
to see the original or certified copy.
3. Applications will not be accepted by teaching staff. The lecturer-in-charge will be
automatically notified when you lodge an online application for special consideration.
4. Decisions and recommendations are only made by lecturers-in-charge (or by the
Faculty Panel in the case of UG final exam special considerations), not by tutors.
5. Applying for special consideration does not automatically mean that you will be
granted a supplementary exam or other concession.
6. Special consideration requests do not allow lecturers-in-charge to award students
additional marks.
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Business School Policy on requests for Special Consideration for Final Exams in
Undergraduate Courses:
The lecturer-in-charge will need to be satisfied on each of the following before supporting a
request for special consideration:
1. Does the medical certificate contain all relevant information? For a medical
certificate to be accepted, the degree of illness, and impact on the student, must
be stated by the medical practitioner (severe, moderate, mild). A certificate without
this will not be valid.
2. Has the student performed satisfactorily in the other assessment items?
Satisfactory performance would require at least satisfactory completion of each
assessment item specified in Part A Section 4 (or the submission of appropriate
documentation relating to the students failure to complete an assessment to the
Lecturer-in-charge), and meeting the obligation to have attended 80% of tutorials.
3. Does the student have a history of previous applications for special consideration?
A history of previous applications may preclude a student from being granted
special consideration.
Special Consideration and the Final Exam in undergraduate courses:
Applications for special consideration in relation to the final exam are considered by a
Business School Faculty panel to which lecturers-in-charge provide their recommendations
for each request. If the Faculty panel grants a special consideration request, this will entitle
the student to sit a supplementary examination. No other form of consideration will be
granted. The following procedures will apply:
1. Supplementary exams will be scheduled centrally and will be held approximately
two weeks after the formal examination period. The dates for Business School
supplementary exams for Semester 1, 2016 are:
12th July exams for the School of Accounting
13th July exams for all Schools except Accounting and Economics
14th July exams for the School of Economics
If a student lodges a special consideration for the final exam, they are stating they
will be available on the above dates. Supplementary exams will not be held at
any other time.
2. Where a student is granted a supplementary examination as a result of a request
for special consideration, the students original exam (if completed) will be ignored
and only the mark achieved in the supplementary examination will count towards
the final grade. Failure to attend the supplementary exam will not entitle the
student to have the original exam paper marked and may result in a zero mark for
the final exam.
If you attend the regular final exam, you are extremely unlikely to be granted a
supplementary exam. Hence if you are too ill to perform up to your normal standard in the
regular final exam, you are strongly advised not to attend. However, granting of a
supplementary exam in such cases is not automatic. You would still need to satisfy the
criteria stated above.
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The Business Schools Special Consideration and Supplementary Examination Policy and
Procedures for Final Exams for Undergraduate Courses is available at:
www.business.unsw.edu.au/StudentsSite/Documents/supplementary_exam_procedures.pdf.
Special consideration and assessments other than the Final exam:
More details are provided in Part A Section 4.3.
Business
School
Education
Development
Unit
(EDU)
https://www.business.unsw.edu.au/students/resources/learning-support
The EDU provides academic writing, study skills and maths support specifically for
Business students. Services include workshops, online resources, and individual
consultations. EDU Office: Level 1, Room 1033, Quadrangle Building. Phone: 9385
5584; Email: [email protected].
Business
Student
Centre
https://www.business.unsw.edu.au/students/resources/student-centre
Provides advice and direction on all aspects of admission, enrolment and graduation.
Office: Level 1, Room 1028 in the Quadrangle Building; Phone: 9385 3189.
Moodle eLearning Support
For online help using Moodle, go to: https://student.unsw.edu.au/moodle-support. For
technical support, email: [email protected]; Phone: 9385 1333.
UNSW Learning Centre www.lc.unsw.edu.au
Provides academic skills support services, including workshops and resources, for all
UNSW students. See website for details.
Library training and search support services
http://info.library.unsw.edu.au/web/services/services.html
IT Service Centre: Provides technical support for problems logging in to websites,
downloading documents etc. https://www.it.unsw.edu.au/students/index.html Office:
UNSW Library Annexe (Ground floor). Ph: 9385 1333.
UNSW Counselling and Psychological Services
https://student.unsw.edu.au/wellbeing Provides support and services if you need help
with your personal life, getting your academic life back on track or just want to know
how to stay safe, including free, confidential counselling. Office: Level 2, East Wing,
Quadrangle Building; Phone: 9385 5418.
Student Equity & Disabilities Unit http://www.studentequity.unsw.edu.au
Provides advice regarding equity and diversity issues, and support for students who
have a disability or disadvantage that interferes with their learning. Office: Ground
Floor, John Goodsell Building; Phone: 9385 4734; Email: [email protected]
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