Course outline
Code: ACC701
Title: Accounting for Managers
Faculty of Arts, Business and Law
School of Business
Teaching Session: Semester 2
Year: 2016
Course Coordinator:
Donald Jamieson
Email:
[email protected]
1.
What is this course about?
1.1
Course description
This course aims to provide you with an understanding of how managers can interpret and utilise external
and internal reporting information for decision making while considering implications of the international
accounting standards, corporate governance, ethics and the environment. Specific topics include: elements
of financial statements; techniques for analysing and interpreting financial statements; product costing;
cost-volume-profit analysis; annual and capital budgeting; transfer pricing; and performance measurement
systems.
1.2
Course content
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the accounting information system, corporate governance, and reporting initiatives
the financial reporting framework
how accountants measure and report information to external users through income statement,
Balance Sheet, and cash flow statements
introducing financial ratios and financial statement analysis
identifying cost concepts and analysis and understanding the role of internal management
reporting
introducing product costing as well as cost behaviour and Cost Volume Profit (CVP) analysis
planning and controlling for decision-making, exchange rate risk management and domestic and
international transfer pricing for Responsibility Centres
capital investment
the budgeting process
strategic management accounting
2.
12 units
Unit value
Page 2
Course Outline: ACC701 Accounting for Managers
3.
How does this course contribute to my learning?
Specific Learning Outcomes
Assessment Tasks
Graduate Qualities
On successful completion of this
course you should be able to:
You will be assessed on the
learning outcome in task/s:
Completing these tasks successfully
will contribute to you becoming:
Analyse the impact of diversity
of regulation on accounting
concepts and methods.
Analyse the complexities of
corporate governance and its
impact on business.
Discuss the internal
management reporting
functions and the impact of
business globalisation.
Analyse financial reports,
specifically the balance sheet,
income statement and
statement of cash flows.
Identify and apply to
management decision-making
the different types of product
and process costs as well as
short-term and long-term
planning.
1 and 3
Creative and critical thinkers.
1 and 3
Creative and critical thinkers.
2 and 3
Empowered.
1 and 3
Knowledgeable.
2 and 3
Knowledgeable.
4.
Am I eligible to enrol in this course?
Refer to the Coursework Programs and Awards - Academic Policy for definitions of “pre-requisites, corequisites and anti-requisites”
4.1
Enrolment restrictions
Must be enrolled in a Postgraduate program
4.2
Pre-requisites
Nil
4.3
Co-requisites
Nil
4.4
Anti-requisites
MBA705 and MBA717 or EMB755 and EMB767
4.5
N/A
Specific assumed prior knowledge and skills
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Course Outline: ACC701 Accounting for Managers
5.
How am I going to be assessed?
5.1
Grading scale
Standard – High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL)
5.2
Assessment tasks
Task
No.
Assessment
Tasks
1
2
3
Quiz
Case study
Take home
examination
Individual or Weighting
Group
%
Individual
Individual
Individual
25%
25%
50%
What is the
duration /
length?
30 minutes
2500 words
N/A
When should I
submit?
Where should
I submit it?
Week 4
Week 9
Week 13,
Monday,
5.00pm AEST
Blackboard
SafeAssign
SafeAssign
100%
Assessment Task 1: Quiz
Goal:
The aim is for you to use critical thinking to identify, analyse and solve problems; to
show that you understand and can interpret commerce-related knowledge and
information and apply such knowledge.
Product: Quiz
Format:
This is an individual assessment to be completed online through Blackboard.
Criteria
You will be assessed on your ability to recall and apply the material covered in the
course to that date.
Generic skill assessed
Skill assessment level
Information literacy
Developing
Problem Solving
Developing
Assessment Task 2: Case study
Goal:
Product:
Format:
In this assessment, you will conduct comparative analyses within an internal
management reporting system.
Case study.
You will prepare a report (maximum of 2500 words) which will analyse specific issues in
the case. The case study will be available in a PDF file course Blackboard site.
Your report will have a maximum of 2500 words. For the report, you should assume the
following business relationships and produce a business (formal) report.
Criteria
You will be assessed on the:
 quality of the discussion of the internal management reporting functions and
the impact of business globalisation
 clarity of application of management decision-making to the different types of
product and process costs as well as short-term and long-term planning
 quality of presentation
Generic skill assessed
Skill assessment level
Problem solving
Developing
Communication
Developing
Page 4
Course Outline: ACC701 Accounting for Managers
Assessment Task 3: Take home examination
Goal:
In this assessment, you will demonstrate your understanding of several specific issues
addressed in the course.
Product: Task home examination.
Format:
You will prepare answers to the specific questions asked in the assessment task and will
complete the final assessment task by electronic/computer mode. This assessment will
be an open book assessment. Instructions with respect to the task will be provided on
the course Blackboard site.
Criteria
You will be assessed on the:
 clarity of analysis of the impact of diversity of regulation on accounting concepts
and methods
 quality of discussion corporate governance and its impact on business
 quality of analysis of financial reports
 quality of discussion of the internal management reporting functions and the
impact of business globalisation
 clarity of application of management decision-making to the different types of
product and process costs as well as short-term and long-term planning
Generic skill assessed AQF 9
Skill assessment level
Problem solving
Developing
Communication
Developing
5.3
Additional assessment requirements
Plagiarism
In order to minimise incidents of plagiarism and collusion, this course may require that some of its
assessment tasks are submitted electronically via SafeAssign. This software allows for text comparisons to
be made between your submitted assessment item and all other work that SafeAssign has access to. If
required, details of how to submit via SafeAssign will be provided on the Blackboard site of the course.
Eligibility for Supplementary Assessment
Your eligibility for supplementary assessment in a course is dependent of the following conditions applying:
a) The final mark is in the percentage range 47% to 49.4%
b) The course is graded using the Standard Grading scale
c) You have not failed an assessment task in the course due to academic misconduct
5.4
Submission penalties
Late submission of assessment tasks will be penalised at the following maximum rate:
 5% (of the assessment task’s identified value) per day for the first two days from the date identified
as the due date for the assessment task.
 10% (of the assessment task’s identified value) for the third day
 20% (of the assessment task’s identified value) for the fourth day and subsequent days up to and
including seven days from the date identified as the due date for the assessment task.
 A result of zero is awarded for an assessment task submitted after seven days from the date
identified as the due date for the assessment task.
Weekdays and weekends are included in the calculation of days late. To request an extension you must
contact your course coordinator to negotiate an outcome.
Page 5
Course Outline: ACC701 Accounting for Managers
6.
How is the course offered?
6.1
Directed study hours
On campus Workshop: 3 hours per week
This course is also offered online.
6.2
Teaching semester/session(s) offered
Semester 2
6.3
Course activities
Teaching
Week /
Module
What key concepts/content will I
learn?
1
Accounting and its Relationship
to Shareholder Value and
Corporate Governance
2
Management Control,
Accounting, and its RationalEconomic Assumptions
3
Constructing Financial
Statements
4
Interpreting Financial
Statements
5
Interpreting Financial
Statements continued
What activities will I engage in to learn the
concepts/content?
Directed Study
Independent Study
Activities
Activities
Workshop with group
discussion about
selected questions,
problems and case
studies from the text
and e-readings.
Workshop with group
discussion about
selected questions,
problems and case
studies from the text
and e-readings.
Workshop with group
discussion about
selected questions,
problems, and ABC
learning failure case
study from the text, ereadings, and YouTube
video.
Workshop with group
discussion about
selected questions,
problems, and ABC
learning failure case
study from the text, ereadings, and YouTube
video.
Workshop with group
discussion about
selected questions,
problems and case
studies from the text.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
Page 6
Course Outline: ACC701 Accounting for Managers
6
Marketing Decisions
Workshop with group
discussion about
selected questions,
problems and case
studies from the text.
7
Operating Decisions
Workshop with group
discussion about
selected questions,
problems and case
studies from the text.
8
Overhead Allocation Decisions
Workshop with group
discussion about
selected questions,
problems and case
studies from the text.
9
Strategic Investment Decisions
10
Monday,
3rd October
Queen's
Birthday
Public
Holiday
11
12
Workshop with group
discussion about
selected questions,
problems and case
studies from the ereadings
Mid Semester Break
Performance Evaluation of
Workshop with group
Business Units
discussion about
selected questions,
problems and case
studies from the text
and e-readings
Budgeting
Strategic Management
Accounting
Workshop with group
discussion about
selected questions,
problems and case
studies from the text.
Workshop with group
discussion about
selected questions,
problems and case
studies from the text
and e-readings
Please note that the course activities may be subject to variation.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
Page 7
Course Outline: ACC701 Accounting for Managers
7.
What resources do I need to undertake this course?
7.1
Prescribed text(s)
Please note that you need to have regular access to the resource(s) listed below:
Author
Year Title
Collier, P. 2015 Accounting for Managers: Interpreting Accounting Information for
Decision Making, ” 5th Edition
7.2
Publisher
Wiley
Required and recommended readings
Lists of required and recommended readings may be found for this course on its Blackboard site. These
materials/readings will assist you in preparing for tutorials and assignments, and will provide further
information regarding particular aspects of your course.
7.3
Specific requirements
N/A
7.4
Risk management
There is minimal health and safety risk in this course. It is your responsibility to familiarise yourself with the
Health and Safety policies and procedures applicable within campus areas.
8.
How can I obtain help with my studies?
In the first instance you should contact your tutor, then the Course Coordinator. Additional assistance is
provided to all students through Peer Advisors and Academic Skills Advisors. You can drop in or book an
appointment. To book: Tel: +61 7 5430 2890 or Email: [email protected]
9.
Links to relevant University policies and procedures
For more information on Academic Learning & Teaching categories including:
 Assessment: Courses and Coursework Programs
 Review of Assessment and Final Grades
 Supplementary Assessment
 Administration of Central Examinations
 Deferred Examinations
 Student Academic Misconduct
 Students with a Disability
http://www.usc.edu.au/university/governance-and-executive/policies-and-procedures#academic-learningand-teaching
10.
General enquiries
In person:
 Sippy Downs - Student Central, Ground Floor, Building C
 USC SouthBank - Student Central, Building B, Ground floor (level 1)
 USC Gympie - Student Central, 71 Cartwright Road, Gympie
 USC Fraser Coast - Student Central, Building A
Tel: +61 7 5430 2890
Email: [email protected]