ACC 5013 NIA Management Accounting

SubjectCat-NbrClassTermModeDescriptionUnitsCampus
ACC5013140952, 2002EXTNIA Management Accounting1.00TWMBA
Academic Group:FOBUS
Academic Org:FOB008
HECS Band:2
ASCED Code:080101

Contents


SYNOPSIS:

This course focuses on the provision and use of information in decision making. The course encourages an understanding of the management accounting role within an organisation by taking a business value chain perspective. The process of budgeting (operational and financial) and performance measurement as an aid to management in planning and controlling business activities is reviewed. Also included is a study of the principles of Job and Process Costing systems, the application of activity based costing, the analysis of cost behaviour, as well as various other facets of accounting which support management decision making.


OBJECTIVES:

Completion of this course should enable students to:

  • understand the role of management accounting in the management process;

  • analyse and predict cost behaviour;

  • understand the issues associated with cost allocation, particularly with respect to overhead costs and the advantages of an activity based costing system;

  • prepare relevant cost information for management decision making;

  • prepare operating and financial budgets and appreciate the behavioural consequences of budgeting;

  • guide the development of standard costs and compute variances for management control reports;

  • describe cost flows and prepare job and process costing reports.



    • TOPICS:


    DescriptionWeighting (%)
    1. The management accounting environment and cost terminology
    		 5.00
    2. Cost Behaviour and Estimation
    		 10.00
    3. Cost-volume-profit analysis
    		 10.00
    4. Costing systems
    		 15.00
    5. Cost allocation
    		 10.00
    6. Process costing
    		 10.00
    7. The budgeting process and responsibility accounting
    		 15.00
    8. Standard costs and variance analysis
    		 15.00
    9. Information for the decision making process
    		 10.00

    TEXT and MATERIALS required to be PURCHASED or accessed:

    Books can be ordered by fax or telephone. For costs and further details use the 'Book Search' facility at http://bookshop.usq.edu.au by entering the author or title of the text.

    NB Computer Hardware/Software requirements are set out in the Introductory Book.

    Horngren, C.T., Foster, G. & Datar, S.M. 1999, Cost Accounting: A Managerial Emphasis (international 10th edn), Prentice-Hall, Upper Saddle River, New Jersey.




    REFERENCE MATERIALS:

    Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.

    Barfield, J.T., Raiborn, C.A. & Kinney, M.R. 2001, Cost Accounting: Traditions and Innovations, 4th edition, College Division, South-Western Publishing Company.

    Hansen, D.R. & Mowen, M.M. 2000, Management Accounting, 5th edition, College Division, South-Western Publishing Company.

    Horngren, C.T., Foster, G., Datar, S.M., Black, T. & Gray, P. 1996, Cost Accounting in Australia - A Managerial Emphasis, 8th edition, Prentice Hall, Sydney.

    Langfield-Smith, K., Thorne, H. & Hilton, R.W. 1998, Management Accounting: An Australian Perspective, 2nd edition, McGraw Hill, Sydney.




    ASSESSMENT DETAILS:

    DescriptionMarks Out ofWtg(%)RequiredDue Date
    EXAMINATION (2 HOURS)100.00100.00YEND S2 (see note 1)
    NOTES:
    1.
    Students will be advised of the official examination date after the timetable has been finalised.

    OTHER REQUIREMENTS:

    1. Course weightings of topics should not be interpreted as applying to the number of marks allocated to questions testing those topics in an examination paper.
    2. Mechanised erasers, mobile telephones and other electronic media are not permitted in exam venues.
    3. The examination will be restricted. Students will be allowed to bring a quiet, battery-operated non-programmable calculator into the examination. Dictionaries are NOT to be used in the examination. Students ARE permitted to write during perusal time, but only on the blue question paper and not the computer answer sheet. Students are NOT permitted to retain the blue examination paper.
    4. To be assured of a passing grade in this course, students must attempt the examination and achieve at least 50% of the available marks for the course. Final grades for the course will be determined by the student's performance in the examination. To be assured of a B grade, students will be required to obtain an overall mark of 65%. To be assured of an A grade, students will be required to obtain an overall mark of 75%. To be assured of an HD, grade students will be required to obtain an overall mark of 85%.