AYB202 Management Accounting
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYB202 |
|---|---|
| Prerequisite(s): | AYB106 |
| Equivalent(s): | AYB225, AYX225 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,024 |
| International unit fee | $4,176 |
Unit Outline: Semester 1 2024, Gardens Point, Internal
| Unit code: | AYB202 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYB106 |
| Equivalent: | AYB225, AYX225 |
| Assumed Knowledge: | Basic accounting concepts |
| Coordinator: | Jodie Moll | j2.moll@qut.edu.au |
Overview
Management accounting is the sourcing, analysis and communication of decision-relevant information - both financial and non-financial – used by firms to generate value and maintain a competitive advantage. Accordingly, all firms, regardless of industry type or size, make use of a range of management accounting practices. Accountants need to know about these concepts, techniques, and sustainibility practices used by firms to allocate costs to products or services; plan, control and measure performance; and be able to identify and provide management with relevant information to inform their decision making.
Learning Outcomes
On successful completion of this unit you will be able to:
- Describe and discuss current management accounting knowledge and apply technology skills appropriate for real world
- Perform key calculations using different costing and budgeting methods in different management accounting contextsRelates to: UG Business Capabilities: HO (2.1)
- Exercise critical thinking and judgement for decision making and planning across a range of management accounting contextsRelates to: UG Business Capabilities: HO (2.2)
- Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.Relates to: UG Business Capabilities: SE (5.1)
- Professionally communicate management accounting knowledge, advice and recommendations in written formRelates to: UG Business Capabilities: PC (3.1)
Content
The content of this unit has been selected with the specified learning outcomes in mind. The majority of the unit examines the accumulation and analysis of information prepared for the current needs of management, e.g. data for budgeting, product costing, decision-making and performance evaluation. Management accounting focuses on techniques practiced both in Australia and overseas.
The generic capabilities this unit develops are:-
- discipline knowledge;
- technology skills;
- synthesising and analysing skills;
- critical thinking and judgement; and
- ethical perspectives.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit encourages you to conceptually link the theoretical aspects of the unit with the practical aspects, which will enable you to apply your knowledge to a wide variety of accounting situations. There are three elements to the learning and teaching strategies employed in this unit:
1. lectures,
2. tutorials, and
3. weekly reading of prescribed text and additional materials.
All three are included to enable you to fulfil the aim and objectives of the unit as discussed above.
All learning material other than the prescribed text will be made available online using the unit's Canvas site.
Lectures will provide an introduction to the topics and will complement rather than substitute the textbook. Lectures will also include relatively simple worked examples to illustrate management accounting techniques and processes. The value of attending lectures is you can see problems being worked, rather than just being presented with the outcome of the process.
The basic understanding provided in lectures will be further developed through tutorials and the weekly practice questions. Fully-worked solutions to all questions will be provided on-line after the tutorial.
Tutorials commence in week 2. You are required to attempt the tutorial questions before the tutorial. The tutorials give you:
- the chance to resolve any questions;
- the opportunity to see 'how' problems are worked; and
- discuss with tutors 'why' something is done a certain way.
Attendance at tutorials is strongly recommended.
To ensure that you do not get behind in the work, you are encouraged to review all learning material and complete all tutorial questions in the allotted week.
Proper attention to the teaching and learning strategies should enable students to meet the assessment requirements of the unit. You will be assessed on your developing knowledge, understanding and skills using a range of inter-related assessment methods.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Multiple Choice Quiz
An on-line quiz covering weeks 1-4 (classes and textbook readings) will assess your management accounting knowledge, application of technology skills and performance of key calculations.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Management Accounting Report
Acting in the role of an accountant, you will have the opportunity to apply management accounting processes and techniques to an organisational situation. You will prepare a report that provides management with relevant information to inform their decision making.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.2), HO (2.2), PC (3.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
The final examination will consist of both practical and theoretical questions to assess your application of management accounting knowledge, analysis and judgement to inform decision making, and consideration of socially responsible behaviour.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.2)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Requirements to Study
Requirements
No additional requirements
Costs
No additional costs
Resources
Resource Materials
Prescribed text(s)
Eldenburg L.G., Brooks A., Oliver J., Vesty G., Dormer R., Murthy V., Pawsey N. (2020) Management Accounting (4th Edition), John Wiley & Sons Australia.
Other
Additional references can also be found on Canvas.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO2, Multiple Choice Quiz, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO3, Management Accounting Report, Final Exam
KS (1.1): Discipline Knowledge
Relates to: ULO1, Multiple Choice Quiz, Final Exam
KS (1.2): Technical and Technological Skills
Relates to: ULO1, Management Accounting Report
PC (3.1): Professional Communication (Written)
Relates to: ULO5, Management Accounting Report
SE (5.1): Ethical and Legal Understanding
Relates to: ULO4, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
Unit Outline: Semester 1 2024, Online
| Unit code: | AYB202 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYB106 |
| Equivalent: | AYB225, AYX225 |
| Assumed Knowledge: | Basic accounting concepts |
Overview
Management accounting is the sourcing, analysis and communication of decision-relevant information - both financial and non-financial – used by firms to generate value and maintain a competitive advantage. Accordingly, all firms, regardless of industry type or size, make use of a range of management accounting practices. Accountants need to know about these concepts, techniques, and sustainibility practices used by firms to allocate costs to products or services; plan, control and measure performance; and be able to identify and provide management with relevant information to inform their decision making.
Learning Outcomes
On successful completion of this unit you will be able to:
- Describe and discuss current management accounting knowledge and apply technology skills appropriate for real world
- Perform key calculations using different costing and budgeting methods in different management accounting contextsRelates to: UG Business Capabilities: HO (2.1)
- Exercise critical thinking and judgement for decision making and planning across a range of management accounting contextsRelates to: UG Business Capabilities: HO (2.2)
- Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.Relates to: UG Business Capabilities: SE (5.1)
- Professionally communicate management accounting knowledge, advice and recommendations in written formRelates to: UG Business Capabilities: PC (3.1)
Content
The content of this unit has been selected with the specified learning outcomes in mind. The majority of the unit examines the accumulation and analysis of information prepared for the current needs of management, e.g. data for budgeting, product costing, decision-making and performance evaluation. Management accounting focuses on techniques practiced both in Australia and overseas.
The generic capabilities this unit develops are:-
- discipline knowledge;
- technology skills;
- synthesising and analysing skills;
- critical thinking and judgement; and
- ethical perspectives.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit encourages you to conceptually link the theoretical aspects of the unit with the practical aspects, which will enable you to apply your knowledge to a wide variety of accounting situations. There are three elements to the learning and teaching strategies employed in this unit:
1. lectures,
2. tutorials, and
3. weekly reading of prescribed text and additional materials.
All three are included to enable you to fulfil the aim and objectives of the unit as discussed above.
All learning material other than the prescribed text will be made available online using the unit's Canvas site.
Lectures will provide an introduction to the topics and will complement rather than substitute the textbook. Lectures will also include relatively simple worked examples to illustrate management accounting techniques and processes. The value of attending lectures is you can see problems being worked, rather than just being presented with the outcome of the process.
The basic understanding provided in lectures will be further developed through tutorials and the weekly practice questions. Fully-worked solutions to all questions will be provided on-line after the tutorial.
Tutorials commence in week 2. You are required to attempt the tutorial questions before the tutorial. The tutorials give you:
- the chance to resolve any questions;
- the opportunity to see 'how' problems are worked; and
- discuss with tutors 'why' something is done a certain way.
Attendance at tutorials is strongly recommended.
To ensure that you do not get behind in the work, you are encouraged to review all learning material and complete all tutorial questions in the allotted week.
Proper attention to the teaching and learning strategies should enable students to meet the assessment requirements of the unit. You will be assessed on your developing knowledge, understanding and skills using a range of inter-related assessment methods.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Multiple Choice Quiz
An on-line quiz covering weeks 1-4 (classes and textbook readings) will assess your management accounting knowledge, application of technology skills and performance of key calculations.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Management Accounting Report
Acting in the role of an accountant, you will have the opportunity to apply management accounting processes and techniques to an organisational situation. You will prepare a report that provides management with relevant information to inform their decision making.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.2), HO (2.2), PC (3.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
The final examination will consist of both practical and theoretical questions to assess your application of management accounting knowledge, analysis and judgement to inform decision making, and consideration of socially responsible behaviour.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.2)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Requirements to Study
Requirements
No additional requirements
Costs
No additional costs
Resources
Resource Materials
Prescribed text(s)
Eldenburg L.G., Brooks A., Oliver J., Vesty G., Dormer R., Murthy V., Pawsey N. (2020) Management Accounting (4th Edition), John Wiley & Sons Australia.
Other
Additional references can also be found on Canvas.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO2, Multiple Choice Quiz, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO3, Management Accounting Report, Final Exam
KS (1.1): Discipline Knowledge
Relates to: ULO1, Multiple Choice Quiz, Final Exam
KS (1.2): Technical and Technological Skills
Relates to: ULO1, Management Accounting Report
PC (3.1): Professional Communication (Written)
Relates to: ULO5, Management Accounting Report
SE (5.1): Ethical and Legal Understanding
Relates to: ULO4, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | AYB202 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYB106 |
| Equivalent: | AYB225, AYX225 |
| Assumed Knowledge: | Basic accounting concepts |
| Coordinator: | Jodie Moll | j2.moll@qut.edu.au |
Overview
Management accounting is the sourcing, analysis and communication of decision-relevant information - both financial and non-financial – used by firms to generate value and maintain a competitive advantage. Accordingly, all firms, regardless of industry type or size, make use of a range of management accounting practices. Accountants need to know about these concepts, techniques, and sustainibility practices used by firms to allocate costs to products or services; plan, control and measure performance; and be able to identify and provide management with relevant information to inform their decision making.
Learning Outcomes
On successful completion of this unit you will be able to:
- Describe and discuss current management accounting knowledge and apply technology skills appropriate for real world
- Perform key calculations using different costing and budgeting methods in different management accounting contextsRelates to: UG Business Capabilities: HO (2.1)
- Exercise critical thinking and judgement for decision making and planning across a range of management accounting contextsRelates to: UG Business Capabilities: HO (2.2)
- Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.Relates to: UG Business Capabilities: SE (5.1)
- Professionally communicate management accounting knowledge, advice and recommendations in written formRelates to: UG Business Capabilities: PC (3.1)
Content
The content of this unit has been selected with the specified learning outcomes in mind. The majority of the unit examines the accumulation and analysis of information prepared for the current needs of management, e.g. data for budgeting, product costing, decision-making and performance evaluation. Management accounting focuses on techniques practiced both in Australia and overseas.
The generic capabilities this unit develops are:-
- discipline knowledge;
- technology skills;
- synthesising and analysing skills;
- critical thinking and judgement; and
- ethical perspectives.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit encourages you to conceptually link the theoretical aspects of the unit with the practical aspects, which will enable you to apply your knowledge to a wide variety of accounting situations. There are three elements to the learning and teaching strategies employed in this unit:
1. lectures,
2. tutorials, and
3. weekly reading of prescribed text and additional materials.
All three are included to enable you to fulfil the aim and objectives of the unit as discussed above.
All learning material other than the prescribed text will be made available online using the unit's Canvas site.
Lectures will provide an introduction to the topics and will complement rather than substitute the textbook. Lectures will also include relatively simple worked examples to illustrate management accounting techniques and processes. The value of attending lectures is you can see problems being worked, rather than just being presented with the outcome of the process.
The basic understanding provided in lectures will be further developed through tutorials and the weekly practice questions. Fully-worked solutions to all questions will be provided on-line after the tutorial.
Tutorials commence in week 2. You are required to attempt the tutorial questions before the tutorial. The tutorials give you:
- the chance to resolve any questions;
- the opportunity to see 'how' problems are worked; and
- discuss with tutors 'why' something is done a certain way.
Attendance at tutorials is strongly recommended.
To ensure that you do not get behind in the work, you are encouraged to review all learning material and complete all tutorial questions in the allotted week.
Proper attention to the teaching and learning strategies should enable students to meet the assessment requirements of the unit. You will be assessed on your developing knowledge, understanding and skills using a range of inter-related assessment methods.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Multiple Choice Quiz
An on-line quiz covering weeks 1-4 (classes and textbook readings) will assess your management accounting knowledge, application of technology skills and performance of key calculations.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Management Accounting Report
Acting in the role of an accountant, you will have the opportunity to apply management accounting processes and techniques to an organisational situation. You will prepare a report that provides management with relevant information to inform their decision making.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.2), HO (2.2), PC (3.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
The final examination will consist of both practical and theoretical questions to assess your application of management accounting knowledge, analysis and judgement to inform decision making, and consideration of socially responsible behaviour.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.2)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Requirements to Study
Requirements
No additional requirements
Costs
No additional costs
Resources
Resource Materials
Prescribed text(s)
Eldenburg L.G., Brooks A., Oliver J., Vesty G., Dormer R., Murthy V., Pawsey N. (2020) Management Accounting (4th Edition), John Wiley & Sons Australia.
Other
Additional references can also be found on Canvas.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO2, Multiple Choice Quiz, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO3, Management Accounting Report, Final Exam
KS (1.1): Discipline Knowledge
Relates to: ULO1, Multiple Choice Quiz, Final Exam
KS (1.2): Technical and Technological Skills
Relates to: ULO1, Management Accounting Report
PC (3.1): Professional Communication (Written)
Relates to: ULO5, Management Accounting Report
SE (5.1): Ethical and Legal Understanding
Relates to: ULO4, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
Unit Outline: Semester 2 2024, Online
| Unit code: | AYB202 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYB106 |
| Equivalent: | AYB225, AYX225 |
| Assumed Knowledge: | Basic accounting concepts |
Overview
Management accounting is the sourcing, analysis and communication of decision-relevant information - both financial and non-financial – used by firms to generate value and maintain a competitive advantage. Accordingly, all firms, regardless of industry type or size, make use of a range of management accounting practices. Accountants need to know about these concepts, techniques, and sustainibility practices used by firms to allocate costs to products or services; plan, control and measure performance; and be able to identify and provide management with relevant information to inform their decision making.
Learning Outcomes
On successful completion of this unit you will be able to:
- Describe and discuss current management accounting knowledge and apply technology skills appropriate for real world
- Perform key calculations using different costing and budgeting methods in different management accounting contextsRelates to: UG Business Capabilities: HO (2.1)
- Exercise critical thinking and judgement for decision making and planning across a range of management accounting contextsRelates to: UG Business Capabilities: HO (2.2)
- Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.Relates to: UG Business Capabilities: SE (5.1)
- Professionally communicate management accounting knowledge, advice and recommendations in written formRelates to: UG Business Capabilities: PC (3.1)
Content
The content of this unit has been selected with the specified learning outcomes in mind. The majority of the unit examines the accumulation and analysis of information prepared for the current needs of management, e.g. data for budgeting, product costing, decision-making and performance evaluation. Management accounting focuses on techniques practiced both in Australia and overseas.
The generic capabilities this unit develops are:-
- discipline knowledge;
- technology skills;
- synthesising and analysing skills;
- critical thinking and judgement; and
- ethical perspectives.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit encourages you to conceptually link the theoretical aspects of the unit with the practical aspects, which will enable you to apply your knowledge to a wide variety of accounting situations. There are three elements to the learning and teaching strategies employed in this unit:
1. lectures,
2. tutorials, and
3. weekly reading of prescribed text and additional materials.
All three are included to enable you to fulfil the aim and objectives of the unit as discussed above.
All learning material other than the prescribed text will be made available online using the unit's Canvas site.
Lectures will provide an introduction to the topics and will complement rather than substitute the textbook. Lectures will also include relatively simple worked examples to illustrate management accounting techniques and processes. The value of attending lectures is you can see problems being worked, rather than just being presented with the outcome of the process.
The basic understanding provided in lectures will be further developed through tutorials and the weekly practice questions. Fully-worked solutions to all questions will be provided on-line after the tutorial.
Tutorials commence in week 2. You are required to attempt the tutorial questions before the tutorial. The tutorials give you:
- the chance to resolve any questions;
- the opportunity to see 'how' problems are worked; and
- discuss with tutors 'why' something is done a certain way.
Attendance at tutorials is strongly recommended.
To ensure that you do not get behind in the work, you are encouraged to review all learning material and complete all tutorial questions in the allotted week.
Proper attention to the teaching and learning strategies should enable students to meet the assessment requirements of the unit. You will be assessed on your developing knowledge, understanding and skills using a range of inter-related assessment methods.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Multiple Choice Quiz
An on-line quiz covering weeks 1-4 (classes and textbook readings) will assess your management accounting knowledge, application of technology skills and performance of key calculations.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Management Accounting Report
Acting in the role of an accountant, you will have the opportunity to apply management accounting processes and techniques to an organisational situation. You will prepare a report that provides management with relevant information to inform their decision making.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.2), HO (2.2), PC (3.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
The final examination will consist of both practical and theoretical questions to assess your application of management accounting knowledge, analysis and judgement to inform decision making, and consideration of socially responsible behaviour.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.2)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Requirements to Study
Requirements
No additional requirements
Costs
No additional costs
Resources
Resource Materials
Prescribed text(s)
Eldenburg L.G., Brooks A., Oliver J., Vesty G., Dormer R., Murthy V., Pawsey N. (2020) Management Accounting (4th Edition), John Wiley & Sons Australia.
Other
Additional references can also be found on Canvas.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO2, Multiple Choice Quiz, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO3, Management Accounting Report, Final Exam
KS (1.1): Discipline Knowledge
Relates to: ULO1, Multiple Choice Quiz, Final Exam
KS (1.2): Technical and Technological Skills
Relates to: ULO1, Management Accounting Report
PC (3.1): Professional Communication (Written)
Relates to: ULO5, Management Accounting Report
SE (5.1): Ethical and Legal Understanding
Relates to: ULO4, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, Multiple Choice Quiz, Final Exam - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, Management Accounting Report - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO2, Multiple Choice Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO3, Management Accounting Report, Final Exam - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO5, Management Accounting Report - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, Final Exam