Unit Outline

In this unit we explore the key functions fulfilled by managerial and cost accounting. The primary purpose of managerial and cost accounting is to provide relevant information to managers within an organisation. Managerial accounting can be thought of as the informal language used within the organisation to facilitate planning, control, coordination and performance assessment. Decision contexts can vary from the broad strategic planning and resource allocation decisions made at corporate or divisional level, to the more specific cost and performance information necessary to monitor individual products, customers or segments. The ultimate measure of success is whether or not internal decision making has been improved as a result of the relevance, quality and timeliness of information provided by the management accounting function.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

On completion of this unit, you will be able to:


1.	Critically analyse management and cost accounting theory and techniques, for business planning and control
2.	Evaluate and critically appraise diverse ethical, environmental, social, and economic perspectives, to management decision making
3.	Communicate and justify proposals, solutions and recommendations to support management decisions using industry relevant approaches

Alterations as a result of student feedback

To be determined.

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Group Assignment	Week 7	30 %	LO1, LO3
Assessment Task 2:	Individual assignment	Week 14	30 %	LO2, LO3
Assessment Task 3:	Exam	Refer to Assessment Description	40 %	LO1, LO2

Assessment details

Assessment Task 1: Group Assignment

Task Description:

This is a group assessment. It relates to a business case study to which students are required to apply management accounting theory and practice.
The assessment will comprise three parts: first, students will be required to use appropriate and correct computational analysis, based on the case study, which they will submit in an Excel file, to support their evaluation of the data, and their findings; second, students will be required to provide a professional, written report, in which they communicate their findings and recommendations to their client/s or manager/s; and third, individual reflection on their teamwork experience, challenges faced during working in the team, how students dealt with those challenges, and the overall learning experience derived from the teamwork.
More details will be provided in a separate announcement posted on MyLO, in Week 3.

Task Length:

The written submission should not exceed 1,500 words excluding references.

Due Date:

Week 7

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Apply management and cost accounting theory and techniques, for business planning and control	LO1
2	Explain the role of management and cost-accounting theory and techniques, for business planning and control	LO1
3	Prepare a professional business report, using precise business terminology and formal style, to communicate solutions and recommendations, that support management decision making	LO3
4	Prepare an individual self-reflection document on teamwork	LO3

Assessment Task 2: Individual assignment

Task Description:

This is an individual assessment. Students will be required to choose an ASX100 company, then evaluate and critically appraise the environmental, social, and economic implications of that company’s activities, as revealed in its annual report/s.
This assessment comprises two parts: a written submission (15%), and an oral submission (15%). More details will be provided in a separate announcement posted on MyLO, in Week 9.

Task Length:

The written submission is to be a maximum of 1,500 words excluding references, and the oral submission must not exceed 6 minutes.

Due Date:

Week 14

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Critically appraise environmental, social, and economic perspectives, to management decision making.	LO2
2	Prepare a professional business report, using precise business terminology and formal style, to communicate solutions and recommendations, that support management decision making	LO3
3	Demonstrate ability to orally communicate effective proposals and recommendations that support management decision making	LO3

Assessment Task 3: Exam

Task Description:

There will be two online tests. The first test will be in week 4 and it is consisting of multiple-choice questions (10%), based on the topics covered in Weeks 1 – 3. The second test will be in week 9 and it is consisting of short answer and practical-based questions (30%), based on the topics covered in Weeks 4 - 8. Both tests will be open-book tests, which will be invigilated using the Respondus software and Webcam.

Task Length:

Due Date:

Refer to Assessment Description

Weight:

40 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Apply management and cost accounting theory and techniques, for business planning and control	LO1
2	Explain the role of management and cost-accounting theory and techniques, for business planning and control	LO1
3	Evaluate the impact of ethics to management decision making	LO2

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Academic integrity

Academic integrity is about acting responsibly, honestly, ethically, and collegially when using, producing, and communicating information with other students and staff members.

In written work, you must correctly reference the work of others to maintain academic integrity. To find out the referencing style for this unit, see the assessment information in the MyLO site, or contact your teaching staff. For more detail about Academic Integrity, see Important Guidelines & Support.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.

Required Resources

Required reading materials

You will need the following text [available from the Co-op Bookshop or the e-book can be purchased online]:

Horngren, CT, Datar, SM, Rajan, MV, Maguire &Tan, R 2017, Cost Accounting: A Managerial Emphasis, 3rd Australian Edn, Pearson Australia, Melbourne, VIC.

This highly regarded text has been prepared for an Australasian audience with local case studies and Australasian standards. Other editions of this textbook are not recommended for studying BFA612.