ACCTING 2500 - Cost and Management Accounting

North Terrace Campus - Semester 2 - 2021

This course seeks to give an understanding of the ways in which management accountants can provide relevant information for a variety of decisions to be made in managing any organisation. On completion of this course, students should be able to identify, use and interpret the results of costing techniques appropriate to different activities and decisions; formulate and use standards and budgets for planning and control purposes; understand the role of responsibility accounting and performance measurement; understand the behavioural implications of performance measurement and transfer pricing systems in divisionalised businesses; appreciate the need to relate management accounting systems to contemporary thinking about organisational planning and control.

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Course Details

Course Code	ACCTING 2500
Course	Cost and Management Accounting
Coordinating Unit	Accounting
Term	Semester 2
Level	Undergraduate
Location/s	North Terrace Campus
Units	3
Contact	Up to 3 hours per week
Available for Study Abroad and Exchange	Y
Prerequisites	ACCTING 1002
Assumed Knowledge	Basic computer literacy using MS Office software
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Nurmalisa Che Ali

Course Co-ordinator:
Assoc. Prof. VG Sridharan
Nurmalisa Che Ali

Lecturer: David Joy

Course instructors
1. Nurmalisa Che Ali (Head tutor)
2. David Joy
3. Sabiha Shaikh
4. Vishal Arya

The contact details of the tutors will be available after the commencement of the tutorial classes.

Course Website: www.myuni.adelaide.edu.au

Course Timetable

The full timetable of all activities for this course can be accessed from .

Course Learning Outcomes

On successful completion of this course, students will be able to:

1. Describe the three fundamental purposes of cost and management accounting. As part of this learning, students will be able to appreciate the use of different costs for different purposes.

2. Explain traditional and contemporary approaches to cost allocation.

3. Describe different product costing scenarios in job-order and process environments.

4. Identify relevant information for decision making purposes in order to produce financial analyses for a range of decisions such as product-mix, pricing, outsourcing and special orders.

5. Use standard costs to prepare budgets for planning and control purposes.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1-4
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	3&4
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	1-5

Learning Resources

Required Resources

Textbook:

The required textbook for this course is Horgren's Cost Accounting a Managerial Emphasis by Datar and Rajan, Pearson Publishers 17th Edition. Several options exist to purchase this book:

1. Print version with the MyAccounting Lab electronic resource; 2. E-book with the MyAccounting La resource.

The only purchase option at this stage is on-line. URL information:

Recommended Resources

Please see the relevant information on acquiring the textbook from the previous title on "Required Resources". Note that the textbook is actually mandatory because we will be using several exercises and work through several solutions as part of practice exercises in the class.

Learning & Teaching Modes

This course is taught through a dual-mode. Face to Face and online class options are available for Offshore / Interstate students in this course. Refer to Course Planner and the location of each activity to identify online and face to face classes.

1) Lectures – will ALL BE ONLINE.
They will become available to students each week through the Echo360 module on MyUni. Lectures are designed to provide an
outline of various concepts that are useful in applying in real-world problems.

2) Tutorials – Are designed to give an opportunity for reflection on and the application of materials covered in lectures and to discuss issues relating to course matter. Please check your student email and MyUni as course-related announcements are communicated via email. Consultation hours of the tutors will be advised on MyUni Course homepage.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

This course is provided in internal mode and contains:
· 2 hours lecture per week for 12 weeks
· 1 hours tutorial per week for 11 weeks (tutorial begins in Week 2)

The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.

Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.

Please refer to Access Adelaide for your timetable and enrolment details:
www.adelaide.edu.au/access/

Tutorial classes will be held weekly commencing Monday Week 2. Membership of tutorial classes is to be finalised by the end of the second week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Lecturer-in-Charge, but should be aware that such a request may not be approved.

Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.

Learning Activities Summary

LECTURE SCHEDULE

COST AND MANAGEMENT ACCOUNTING SEMESTER 2, 2021

Readings are the chapters form the prescribed text book
(Horgren's Cost Accounting a Managerial Emphasis by Datar and Rajan, Pearson Publishers 17th Edition)

**Lecture Schedule for Semester**
Week	Week Beginning	Topic	Reading
Week 1	26th July 2021	Introduction to Cost and Management Accounting.	Chapter 1
Week 2	2nd August 2021	Cost Terms, Flow of Costs, Cost Behaviours	Chapter 2 & 10
Week 3	9th August 2021	Job Costing and Process Costing	Chapter 4 & 18
Week 4	16th August 2021	Cost Volume Profit (CVP) Decision making and Relevant information	Chapter 3 & 12
Week 5	23rd August 2021	Activity-Based Costing (ABC)	Chapter 5
Week 6	30th August 2021	Support Department Costs and Joint Cost	Chapter 16 & 17
Week 7	6th September 2021	Master Budgets and Responsibility Accounting	Chapter 6
Week 8	13th September 2021	Pricing Decisions and Customer Profitability Analysis	Chapter 14 & 15
Week 9	4th October 2021	Inventory and Capacity analysis Inventory Management	Chapter 9 & 21
Week 10	11th October 2021	Standard Cost and Variance Analysis	Chapter 7 & 8
Week 11	18th October 2021	Transfer Price and Data Analytics	Chapter 11 & 23
Week 12	25th October 2021	Revision Lecture	ALL Chapters
Week 13 Week 14	6th November 2021 15th November 2021	Final Exam period

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment items	Due Date	Weight (%)	Learning Outcome
Class Participation	On going	5	1-5
Mid-semester test – on line	Week 7	15	1-3
Individual Assignment	Week 10	10	2-3
Final exam	Exam Period	70	1-5

Assessment Related Requirements

NOTES ON ASSESSMENT

1. In order to pass this course students must achieve an overall minimum grade of 50% as well as at least 50% in the final exam.

2. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted in the final examination if markers are unable to read / understand answers because of poor hand-writing.

3. Students in this course are NOT permitted to take a DICTIONARY (English or English-Foreign) into the examination.

4. The use of a non-programmable calculator incapable of storing text in the examination is permitted in this course.

Assessment Detail

Mid-semester test (15%)

There will be a mid-semester test during week 7.
The test will be online during the time designated (please refer to the Announcement). It will cover the first five weeks of the course (Topic 1 - 5). It may be a combination of both MCQ and practical questions.

Individual Assignment (10%)

The individual assignment will be a technical problem with a small theory component attached due in Week 10. It will become available in the assignment section of the MyUni course website. Students will need to complete the assignment as a word document and then upload their file to the MyUni site. Late submissions will be penalised 10% for each day late. Submissions submitted after October 15 without prior approval will not be marked.

Class Participation (5%)

Tutorial marks will be based on students’ preparation and participation (including students activity during online tutorials). Marks will be allocated to students based on their contribution to the overall discussion.

Final Exam (70%)
The Primary Final Exam will be a three-hour exam and all lectures, tutorials and set readings are examinable. In order to pass the course, students must achieve an overall mark of 50% and also at least 50% in the Primary Final exam.

Submission

Presentation of Assignments

· Please must retain a copy of all assignments submitted.
· All individual assignments must be attached to an ‘Assignment Cover Sheet’, which is signed and dated by the student before submission. Lecturers will withhold student’s results until such time as the student has signed the Assignment Cover Sheet.

Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism.

Assignment Guidelines including Referencing Details

A copy of the Postgraduate Programs: Communication Skills Guide will have been given to you at the beginning of your program. This guide will assist you to structure your assignments. A copy of the guide can also be downloaded from

This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.
In preparing any written piece of assessment for postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)
The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.

Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.

Late Assignment Submission

Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by a 5% of the available marks for each day that it is late.

Return of Assignments

Lecturer’s aim to mark and return assignments to students within two (2) weeks of the due date with written feedback. Students are responsible for collecting their marked assignments from either their tutorials or lectures. If assignments aren’t collected after two (2) weeks, the assignments will be available at the Student Hub for two (2) weeks. The remaining assignments will only be posted out to the students, if the correct mailing addresses are on the assignments.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through .

Student Feedback

The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

The 成人大片 is committed to regular reviews of the courses and programs it offers to students. The 成人大片 therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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