Program Overview

Course Specification

The current and official versions of the course specifications are available on the web.

ACC2205 Management Accounting A

Overview

In this first Management Accounting course, you are introduced to the operational management accounting tools and concepts that are used in businesses. The course focuses on the practical application and interpretation of management accounting techniques. This course also provides you with an understanding of how these tools support business practice and decision making to help develop job readiness as business graduates with an accounting major.

Staffing

• Course Coordinator: Afzalur Rashid

Requisites

• Pre-requisite: ACC1202
• Enrolment is not permitted in ACC2205 if ACC2113 has been previously completed.

Course Learning Outcomes

On completion of this course students should be able to:

1. explain the role and purpose of management accounting, the types of organisational structures including concepts for authority delegation and control (TCA7 LO1 (a and c));
2. apply appropriate quantitative techniques to use costing information for business planning and control (TCA7 LO3);
3. prepare detailed budgets and forecasts for management purposes, demonstrating an understanding of the budgeting process and its role in the management of organisations (TCA7 LO2);
4. apply the principles and procedures involved in analysing and managing an organisation's cash flow (TCA7 LO4);
5. analyse data and information to prepare reports that support management decision making (TCA7 LO6 (a));
6. exercise judgement to provide possible solutions to routine accounting problems (ALS 1) (TCA7 LO6 (c) in relation to LO3 & LO6 (a));
7. justify and communicate accounting advice and ideas in straightforward contexts to influence specialists and non-specialists (ALS 4) (TCA7 LO6 (c) in relation to LO3 & LO6 (a)).

Topics

1. | The management accounting environment (role and purpose; ethics; planning & controlling; concepts) | 8.00
2. | Analysis of cost behaviour and drivers for manufacturing and service organisations (Modules include: CVP analysis; job costing; process costing; traditional & ABC cost allocation; standard costing; product
   costing - full absorption costing versus marginal costing ; inventory management; variance analysis)
   | 67.00
3. | Budgeting techniques (accrual accounting) and issues | 8.00
4. | Budgeting techniques (cash accounting) and issues | 8.00
5. | Decision making in management accounting contexts (relevant costs and revenues) | 9.00

Text and Materials Required

• Langfield-Smith, K, Smith, D, Andon, P & Thorne, H 2021, Management Accounting: Information for creating and managing value , 9th edn, McGraw-Hill Pty Ltd, Sydney, Australia.
  (Available as an eBook.)

Student Workload Expectations

To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.

Assessment Details

Approach | Type | Description | Group
Assessment | Weighting (%) | Course learning outcomes
---|---|---|---|---|---
Assignments | Written | Quiz | No | 15 | 1,2
Assignments | Written | Case Study | No | 35 | 2,3,4,5
Examinations | Invigilated | Invigilated examination | No | 50 | 5,6,7

University Acknowledgement

The University of Southern Queensland acknowledges the traditional custodians of the lands and waterways where the University is located. Further, we acknowledge the cultural diversity of Aboriginal and Torres Strait Islander peoples and pay respect to Elders past, present and future.