ACCTING 7014 - Management Accounting (M)

North Terrace Campus - Semester 1 - 2020

The course introduces students to contemporary management accounting concepts and techniques. Topics: the role of accountants in internal decision-making; tools used to design and develop costing systems; preparation of budgets and their role as a planning and control tool; other decision-making tools including CVP analysis, pricing decisions, inventory issues and costs of quality; fraud.

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Course Details

Course Code	ACCTING 7014
Course	Management Accounting (M)
Coordinating Unit	Adelaide Business School
Term	Semester 1
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Up to 3 hours per week
Available for Study Abroad and Exchange	Y
Prerequisites	ACCTING 7019
Incompatible	COMMERCE 7021
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Dr Tony McMurtrie

Course coordinator and Lecturer:

Name: Associate Professor VG Sridharan
Location: Room 13.07, Nexus 13th Floor, 10, Pulteney Street
Telephone: 8313 0730
Email: vg.sridharan@adelaide.edu.au

Course Website: www.myuni.adelaide.edu.au

Course Timetable

The full timetable of all activities for this course can be accessed from Course Planner.

Detailed session-wise schedule will be posted on MyUni before the commencement of the course.

Course Learning Outcomes

1. Explain the three primary purposes of management accounting namely, inventory valuation, decision support and cost control.
2. Compare traditional and contemporary costing approaches for the above purposes.
3. Learn how costs are analysed for different product costing contexts such as job-order, process or joint-product systems
4. Develop and apply standards and budgets for planning and controlling purposes.
5. Apply incremental analysis to a range of business scenarios.

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)	1-4
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	4,5
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	4,5
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	3-5
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	5
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	3,4

Learning Resources

Required Resources

Textbook:

The required textbook for this course is Horgren's Cost Accounting a Managerial Emphasis by Datar and Rajan, Pearson Publishers 16th Edition.
Students will need to purchase the text book containing the MyAccounting Lab application. Several options exist to purchase (or even rent for about 180 days) this book:

1. Print version with the My Lab Accounting electronic resource;
2. E-book with the My Lab Accounting electronic resource or
3. Just the My Lab Accounting (though this will not be the preferred option).

The only purchase/rent option at this stage is through on-line. URL information for this is as follows:

https://www.pearson.com.au/9781292211619

Recommended Resources

Please see the relevant information on acquiring the textbook from the previous title on "Required Resources". Note that the textbook is actually mandatory because we will be using several exercises and work through several solutions as part of practice exercises in the class.

Learning & Teaching Modes

This course is presented in Seminar Mode. There will be a three hour seminar each week that students are required to attend.

The seminar will be in two parts. During the first part, the presenter will outline the core issues of the subject for that week. During the second part of the seminar, students will be divded into teams and given problems to solve. At the end of the seminar some of the treams will lead a discussion around the solution to the problems.

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.

This course is provided in internal mode and contains 1 three hour seminar each week. Seminars commence in week and there will be a mid semester test in week 6.

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 you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.

Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.

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

Learning Activities Summary

Seminar Schedule

Management Accounting Semester 1 2020

Readings are the chapters form the prescribed text book

Week	Seminar Number	Subject	Reading
Week 1	1-1	Introduction to Cost and Management Accounting.	Chaps 1, & 2
Week 2	2-1	Cost Behaviour Job Costing	Chaps 10 & 4
Week 3	2-2	Process Costing Spoilage and Rework	Chaps 17 & 18
Week 4	2-3	ABC CVP	Chaps 5 & 3
Week 5	3-1	Support Dpt Costs Cost Allocation Joint and By Products	Chaps 15 & 16
Week 6	Mid semester test (cover topics 1 & 2)
Week 7	4-1	Master Budgets and Responsibility Accounting	Chap 6
Week 8	4-2	Flexible Budgets	Chaps 7 & 8
Week 9	5-1	Pricing Decisions Decision Making and Relevant information	Chaps 13 & 14
Week 10	5-2	Inventory and Capacity analysis Inventory Management	Chaps 9 & 20
Week 11	5-3	Management Control Systems. Performance Management	Chap 22 & 23
Week 12	5-4	Balanced Scorecard Revision and Exam Prep	Chap 12 pp 497 - 515
Week 13		Optional Teaching week No Classes planned
Week 13		SWOT Vac

Specific Course Requirements

Consultation and communication

Please check your student email and MyUni as course-related announcements are communicated via email.

Tutors will also inform you of their consultation arrangements in the first tutorial. This information will also be placed on MyUni.

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	Due Date	Weight (%)	Learning Outcomes
On Line Tests x4	Individual	Various	10%	All
Mid-semester test	Individual	Week 6	10%	All
Class Participation	Individual	Various	10%	All
Final exam	Individual	Exam Period	70%	All
TOTAL			100%

The assessment details will be available on MyUni and explained in Seminar 1

Due to the current COVID-19 situation modified arrangements have been made to assessments to facilitate remote learning and teaching. Assessment details provided here reflect recent updates.

To support the changes to teaching, the following revisions to assessment have been made:-

The mid-semester test and the final exam will now be conducted on-line.

The mid-semester test will still be in week 6 and details regarding access will be published shortly/

The final exam will be conducted during the final exam period at a time yet to be determined by the central exam office.

The other online test will continue to be presented although there may be some modification of the delivery of them.

Details of the assessment grading is set out below:

On Line Tests * 4 - Various 15% weighting

Mid-semester test – on line - Week 6 15% weighting

Class Participation – Various 0% weighting

Final exam – on line - 70% weighting

Assessment Detail

1. In order to pass this course students must achieve an overall minimum grade of 50% as well as at least 45% in the final exam.

2. Any written assignment must be presented using the appropriate Microsoft program, i.e., MSWord, Excel, etc.

3. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted in the final examination if markers are unable to read answers because of poor hand-writing.

4. Students in this course are NOT permitted to take a DICTIONARY (English or English-Foreign) into the examination

5. The use of a non-programmable calculator incapable of storing text in the examination is permitted in this course. The assessment details will be available on MyUni and explained in Seminar 1

Online Tests

·        Students will need to complete a series of on-line test during the semester.

·        There will be 4 tests.

·        The dates the test are available will be advised during semester class times. Students are required to complete each test by the due date. Students must answer all questions correctly to complete the test.

·        The test can be undertaken as many times as needed to complete correctly.

·        Marks will awarded for each test that is completed by its due date. Failure to complete a test by its due date will result in a zero mark for that text.

·        Each test must be successfully completed before the next test can be undertaken

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 (Seminars 1-1 to 2-3 inclusive).

·        It may be a combination of both MCQ and practical questions.

Participation marks

Marks will be based on students’ preparation and participation during seminar exercise solution discussions.

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. All lectures, tutorials and set readings are examinable.

Submission

General Assessment Guidelines including Referencing Details
A copy of the Postgraduate Programs: Communication Skills Guide will have been given to you at the beginning of your program. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from http://www.adelaide.edu.au/professions/hub/pg/downloads/

This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.

In preparing any written piece of assessment for postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)

The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.

Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.

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