Faculty of Business and Law

School: Business

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Managerial Accounting
  • Unit Code

    ACC2360
  • Year

    2015
  • Enrolment Period

    1
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online

Description

This unit develops an understanding of how managerial accounting adds values to organisations' strategic and operational decision making processes. Emphasis will be directed towards developing the skills required in the managerial planning and control decision making process. In addition to identifying the information and principles that are relevant for internal reporting to support a user oriented focus for managerial decision making, the unit also strives to develop key skills including, problem solving, critical thinking,data analysis, communication, collaboration and team work skills. All of these skills are desirable for accounting professionals working in both domestic and international companies in the private and public sectors.

Prerequisite Rule

Students must pass 2 units from ACC2250, ACC2350

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse decision-making tools used in managerial accounting in the context of a variety of decision making and problem solving situations.
  2. Analyse the role of managerial accounting within the general management function.
  3. Apply managerial accounting principles and concepts in the contemporary business context of manufacturing and non-manufacturing enterprises.
  4. Critically evaluate the practical and behavioural issues involved in the managerial and financial accounting process.
  5. Demonstrate appropriate skills in written expression and report writing.

Unit Content

  1. Managerial Accounting in context.
  2. Strategy, strategy implementation and the Balanced Scorecard. Applying Balance Scorecard concepts: organisational sustainability using quality, time and cost as competitive tools.
  3. Master budget, flexible budgeting, and variance analysis.
  4. Relevant information for strategic and operational decision making process.
  5. Management control systems, decentralisation and transfer pricing.
  6. Applying theory of constraints to manage bottleneck operations.
  7. Analysis and decision models for product pricing.
  8. Capital investment decision making process.
  9. Performance measurement and executive compensation.

Additional Learning Experience Information

This unit is conducted in both the on-campus and off-campus modes. On-campus students attend a two hour interactive lecture and a one hour tutorial most weeks. Lectures are used to introduce the key concepts of managerial accounting and to illustrate how these concepts are applied in practice. In addition, the applicability of these concepts and techniques in different countries are highlighted, where appropriate. On-campus tutorials provide students with the opportunity to discuss and apply the managerial accounting principles to case study scenarios and in so doing further develop their skills of critical appraisal, effective communication and the ability to generate ideas. The assessment methods include continuous tutorial assessment, a mid-semester test and a team assignment requiring the preparation of a written report. These assessments provide students with the opportunity to demonstrate their content knowledge, critical thinking ability and to further develop their teamwork skills and written communication skills in preparing managerial accounting reports of quality academic and professional standards. Off-campus students are provided with an electronic version (Power Point presentations) of the internal lectures and weekly practice questions. All information is delivered to off-campus students through the Blackboard Learning Management System. The lecture presentations are used to introduce the key concepts of managerial accounting and to illustrate how these concepts are practically applied. The practice questions provide students with the opportunity to apply the managerial accounting principles covered in the lecture material, to case study scenarios and in so doing further develop their skills of critical appraisal and the ability to generate ideas. Off-campus students receive additional support via the Blackboard discussion board, where students are encouraged to discuss critical aspects of the unit content and the application thereof. Regular online access is required. The assessment methods include participation assessment and the submission of two written assignments, the first to be completed on an individual basis and the second to be completed as a team. These assessments provide students with the opportunity to demonstrate their content knowledge, critical thinking ability and to further develop their teamwork skills and written communication skills in preparing managerial accounting reports of quality academic and professional standards.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
TestTutorial Assessment10%
TestSemester Test10%
AssignmentTeam Assignment- Written report30%
Examination ^Final Examination50%
ONLINE
TypeDescriptionValue
ParticipationParticipation Assessment10%
AssignmentIndividual Assignment10%
AssignmentTeam Assignment - Written report30%
Examination ^Final Examination50%

^ Mandatory to Pass

Text References

  • ^ Horngren, C.T., Datar, S.M., Foster, G., Rajan, M., Ittner, C., Wynder, M., Maguire, W., & Tan, R., (2011). Cost accounting: A managerial emphasis (Rev. ed.). Frenchs Forest: Pearson Australia Pty Ltd.
  • Kaplan, R.S., Atkinson, A., Matsumura, E. M., & Young, S. M. (2012). Management accounting: Information for decision-making and strategy executions (6th ed.). Sydney: Prentice-Hall.

^ Mandatory reference


Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC2360|1|1

Faculty of Business and Law

School: Business

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Managerial Accounting
  • Unit Code

    ACC2360
  • Year

    2015
  • Enrolment Period

    2
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online

Description

This unit develops an understanding of how managerial accounting adds values to organisations' strategic and operational decision making processes. Emphasis will be directed towards developing the skills required in the managerial planning and control decision making process. In addition to identifying the information and principles that are relevant for internal reporting to support a user oriented focus for managerial decision making, the unit also strives to develop key skills including, problem solving, critical thinking,data analysis, communication, collaboration and team work skills. All of these skills are desirable for accounting professionals working in both domestic and international companies in the private and public sectors.

Prerequisite Rule

Students must pass 2 units from ACC2250, ACC2350

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse decision-making tools used in managerial accounting in the context of a variety of decision making and problem solving situations.
  2. Analyse the role of managerial accounting within the general management function.
  3. Apply managerial accounting principles and concepts in the contemporary business context of manufacturing and non-manufacturing enterprises.
  4. Critically evaluate the practical and behavioural issues involved in the managerial and financial accounting process.
  5. Demonstrate appropriate skills in written expression and report writing.

Unit Content

  1. Managerial Accounting in context.
  2. Strategy, strategy implementation and the Balanced Scorecard. Applying Balance Scorecard concepts: organisational sustainability using quality, time and cost as competitive tools.
  3. Master budget, flexible budgeting, and variance analysis.
  4. Relevant information for strategic and operational decision making process.
  5. Management control systems, decentralisation and transfer pricing.
  6. Applying theory of constraints to manage bottleneck operations.
  7. Analysis and decision models for product pricing.
  8. Capital investment decision making process.
  9. Performance measurement and executive compensation.

Additional Learning Experience Information

This unit is conducted in both the on-campus and off-campus modes. On-campus students attend a two hour interactive lecture and a one hour tutorial most weeks. Lectures are used to introduce the key concepts of managerial accounting and to illustrate how these concepts are applied in practice. In addition, the applicability of these concepts and techniques in different countries are highlighted, where appropriate. On-campus tutorials provide students with the opportunity to discuss and apply the managerial accounting principles to case study scenarios and in so doing further develop their skills of critical appraisal, effective communication and the ability to generate ideas. The assessment methods include continuous tutorial assessment, a mid-semester test and a team assignment requiring the preparation of a written report. These assessments provide students with the opportunity to demonstrate their content knowledge, critical thinking ability and to further develop their teamwork skills and written communication skills in preparing managerial accounting reports of quality academic and professional standards. Off-campus students are provided with an electronic version (Power Point presentations) of the internal lectures and weekly practice questions. All information is delivered to off-campus students through the Blackboard Learning Management System. The lecture presentations are used to introduce the key concepts of managerial accounting and to illustrate how these concepts are practically applied. The practice questions provide students with the opportunity to apply the managerial accounting principles covered in the lecture material, to case study scenarios and in so doing further develop their skills of critical appraisal and the ability to generate ideas. Off-campus students receive additional support via the Blackboard discussion board, where students are encouraged to discuss critical aspects of the unit content and the application thereof. Regular online access is required. The assessment methods include participation assessment and the submission of two written assignments, the first to be completed on an individual basis and the second to be completed as a team. These assessments provide students with the opportunity to demonstrate their content knowledge, critical thinking ability and to further develop their teamwork skills and written communication skills in preparing managerial accounting reports of quality academic and professional standards.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
TestTutorial Assessment10%
TestSemester Test10%
AssignmentTeam Assignment- Written report30%
Examination ^Final Examination50%
ONLINE
TypeDescriptionValue
ParticipationParticipation Assessment10%
AssignmentIndividual Assignment10%
AssignmentTeam Assignment - Written report30%
Examination ^Final Examination50%

^ Mandatory to Pass

Text References

  • ^ Horngren, C.T., Datar, S.M.,  Rajan, M.,  Wynder, M., Maguire, W., & Tan, R., (2014). Cost accounting: A managerial emphasis (2nd ed.). Frenchs Forest: Pearson Australia Pty Ltd.
  • Kaplan, R.S., Atkinson, A., Matsumura, E. M., & Young, S. M. (2012). Management accounting: Information for decision-making and strategy executions (6th ed.). Sydney: Prentice-Hall.

^ Mandatory reference


Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC2360|1|2