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Trimester 3, 2020 MAC003 Management Accounting
Level 10 & 11
233 Castlereagh Street
Sydney
NSW 2000
AUSTRALIA
SUBJECT OUTLINE
1. General Subject Information
Subject Code: MAC 003
Subject Name: Management Accounting
Teaching Period: Trimester 3, 2020
Core/Elective status: Core
Pre-requisites: None
Class Times: Refer to the published timetable
Class Room: Refer to the published timetable
Class Contact: 3 hours per week
Delivery Mode: Full-time, Online
Lecturer: Lu Jiao PhD, CA, FIML
Contact Details: lu.jiao@ubss.edu.au
Location: Lecturers Lounge – Level 11
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Trimester 3, 2020 MAC003 Management Accounting
2. Subject Overview
2.1 Subject Summary
This subject primarily aims at using accounting/financial information for planning and control
purposes. The subject focuses on introducing accounting for costs by emphasizing key concepts
and techniques, and also using these concepts and techniques for short term/tactical decision
making.
2.2 Learning Outcomes
On successful completion of this subject, students will be able to:
1. Distinguish different categories of cost and demonstrate the ability to account for costs,
especially, various techniques introduced to account for overhead costs, including using
activity based costing
2. Demonstrate an understanding of budgeting process and standard costing techniques, and
the associated behavioral issues.
3. Demonstrate the ability to use accounting and costing information for decision-making
purpose.
2.3 Teaching Strategies
The subject contents are delivered using an online seminar format in a 3 hour block on a
weekly basis. Weekly consultation times are also available by email appointments.
Students are encouraged to utilize these resources to facilitate their learning.
Students are required to prepare for and attend ALL classes. The preparation should
include reading relevant course materials (i.e. book chapters and lecture slides), attempting
tutorial questions, and participating in class discussions.
Assessments are put in place including three class quizzes, one major in-class tests and a
final examination. Refer to section 3 for assessment details.
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Trimester 3, 2020 MAC003 Management Accounting
2.4 Reading Materials
Prescribed Text
Langsfield – Smith, K. Thorne, H. and Hilton., R., 2018 Management Accounting – Information for creating
and managing value (8th Edition), McGraw Hill
Recommended Readings
Garrison, R.H, Noreen. E.W. and Brewer, P.C., 2012, Managerial Accounting (14th edition), McGraw Hill.
Recommended Journals
Journal of Management Accounting Research
Management Accounting Research
Accounting and Finance
E-Resources
Teaching and assessment materials can be found on our online learning system, Moodle, which include, but
are not limited to, lecture notes, PowerPoint Presentations, reading materials and subject related information.
Access to Moodle is granted to all enrolled students of this subject. Students should note that Moodle is one of
the primary communication channels between the lecturers and students. You should regularly log onto the
subject site on Moodle for subject updates and materials.
UBSS also offers students access to world class academic and research databases such as Emerald, ProQuest,
EBSCO, Oxford Reference Online, INFORMIT, and Cengage Learning. Journals, collections and E-books can
be found on these platforms. You can access these materials from any computers with internet access and your
GCA student login details. Students are encouraged to utilize these platforms as much as possible in their
studies. For the purpose of this subject, the following materials have been selected as a part of your suggested
reading to advance your understanding of the subject matter. The book titles and URLs are provided as below
for your convenience.
1. Value Creation in Management Accounting : Using Information to Capture Customer Value
http://web.b.ebscohost.com/ehost/detail/detail?vid=2&sid=8a15dac6-4a52-4113-8409-
478d831d6f3f%40sessionmgr198&hid=102&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=e220x
ww&AN=595502
2. Accounting Information Systems Implementation and Management Accounting Change
http://web.b.ebscohost.com/ehost/detail/detail?vid=4&sid=8a15dac6-4a52-4113-8409-
478d831d6f3f%40sessionmgr198&hid=102&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&A
N=98626761
3. Advances in Management Accounting
http://web.b.ebscohost.com/ehost/detail/detail?vid=6&sid=8a15dac6-4a52-4113-8409-
478d831d6f3f%40sessionmgr198&hid=102&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=e220x
ww&AN=313245
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Trimester 3, 2020 MAC003 Management Accounting
2.5 Subject Contents and Schedule
| Teaching Week |
Topic | Required Reading |
Required Activity, Tutorial & Assessment Questions |
| Week 1 | Introduction to Management Accounting |
Text- Chapter 1 | E 1.24, E 1.28, E 1.30 P 1.35 |
| Week 2 | Conceptualizing Costs and Costing behaviour |
Text- Chapter 2 and 3 |
E 2.25, P 2.31, P.2.32, E3.2, E 3.9, E.3.26 |
| Week 3 | Product costing system | Text- Chapter 4 | Review question 4.1, 4.6, 4,8, 4.9 |
| Week 4 | A Closer look at overhead costs | Text – Chapter 7 | Review question 5.3, E.5.24 P 5.33 (ignore part 2) Review question 7.1, 7.2, 7.5 E7.27 E7.28 E7.29 |
| Week 5 | Activity Based Costing | Text – Chapter 8 | Review questions 8.1, 8.6 E8.23 E8.27 |
| Week 6 | Cost volume profit analysis | Text- Chapter 18 | Review Questions 18.2 E18.25, an additional question |
| Week 7 | Variable Costing (VC) and Absorption Costing(AC) |
Text – Chapter 7 appendix |
Review Questions 7.18, 7.19, 7.20 E7.30, P7.41 ignore part 5 |
| Week 8 | Budgeting Systems | Text – Chapter 9 | Review questions: 9.2, 9.3, 9.7,9.14,9.15 E9.24 |
| Week 9 | Standard Costs for Control | Text – Chapter 10 and 11 |
Review questions: 10.3, 10.7, 10.8, 10.9, 10.10, 10.11, 10.12, 10.14, 10.15, 10.16 E10.23, E10.31 |
| Week 10 | Information for Decisions | Text – Chapter 19 | Review questions 19.4, 19.5, 19.7, 19.10 E19.24, E19.25, E19.27, Problem 19.36, 19.38 |
| Week 11 | Pricing and Product Mix Decision | Text – Chapter 20 | 20.17, 20.18, 20.19, 20.20 E20.29, P20.41 |
| Week 12 | Revision and Exam Preparation | Revision | |
| Exam Period 30 Nov – 11 Dec 2020 |
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Trimester 3, 2020 MAC003 Management Accounting
3. Subject Assessment
| Assessment Type & Description |
Weight | Due date | Description | Linked to Learning Outcomes |
Linked to Graduate Attributes |
| Assessment 1 Class quizzes |
15% | Random during the teaching week |
There will be three class quizzes during the trimester with MCQ and/or true or false questions. The quizzes comprise theory & calculation questions. They will be conducted online during the class time. |
All Learning Outcomes |
Problem Solving Professional Skills Discipline knowledge |
| Assessment 2 In class test |
25% | Week 9 | A class test covers topics of week 1 to 8 inclusive. The test duration is 1.5 hour, plus reading time. The test comprises theory & calculation type questions. The in-class test will be conducted online during the class time. |
1 and 2 | Problem Solving Professional Skills Discipline knowledge |
| Assessment 3 | 60% | Exam Week |
The Final Exam will be 2 hours in duration. Consists of a collection of theoretical and analytical problem-solving questions. The final exam will cover key learning themes of the subject. All content within the unit is examinable The details will be released in the final lecture and on Moodle. |
All Learning Outcomes |
Problem Solving Professional Skills Discipline knowledge |
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Trimester 3, 2020 MAC003 Management Accounting
4. Academic Policies
The academic policies and procedures for UBSS apply to this subject. Important policies you need
to be aware of and abide by are listed below. These policies are located in the UBSS website in
the Policies & Procedures section.
4.1 Assessment & Examinations:
The UBSS Examinations Policy & Guidelines specifies the requirements for assessments and
exams at UBSS. The assessments for this subject are set by the lecturer in accordance with this
policy. In general, you are required to achieve a mark of 50/100 to pass the subject overall. Some
subjects may require you to pass the final examination in order to pass the subject overall. This is
advised in the assessment section above.
4.2 Plagiarism
Plagiarism and penalties for plagiarism are outlined in the UBSS Academic Misconduct Policy
document. Penalties vary depending on whether a student is a first, second or third time offender.
It is your responsibility to read this policy and ensure you understand what plagiarism is and what
penalties apply. If in doubt, speak to your lecturer.
4.3 Copyright Regulations
According to Australian Copyright Act 1968 the following rules applies in case of copies:
(a) In the case of a published work in hardcopy form that is not less than 10 pages and is
not an artistic work, 10% of the number of pages, or one chapter, is a reasonable
portion;
| (b) | In the case of a published work in electronic form only, a reasonable portion is not more than, in the aggregate, 10% of the number of words in the work. |
You are strongly advised that copying more than 10% of any textbook is a breach of the Copyright
Act (Cth) and UBSS policy. Any copies of the text in breach of the Copyright Act (Cth) may be
confiscated and you may subject to disciplinary action for academic misconduct.
4.4 Submission of Assignments
Is covered in the UBSS Policies and Procedures document (Assessment & Examination). Grounds
for extensions of assignments or absences from examinations are also covered in this policy.
All assignments must be submitted in soft copy on the Moodle learning system. You are strongly
advised to submit your assignment to the Turnitin software package before you submit it to your
lecturer to determine if any plagiarism is detected. If you need help to use this software, seek help
from IT support on level 11.
| Marked assignments should be returned to you within two weeks of submission. document discussing assignments will be available on Moodle. Attendance Requirements: |
A separate | 4.5 |
Attendance Requirements are outlined in the UBSS Academic Progression & Intervention Policy
contained in the UBSS Policies & Procedures Manual. A class attendance rate of 80% or more is
strongly recommended to ensure satisfactory academic progress.
4.6 Grades
Grades awarded are outlined in the UBSS Policies and Procedures Manual that includes the
marks to be attained for each grade.
| High Distinction Distinction Credit Pass Fail |
(HD) (D) (C) (P) (F) |
85% and above 75 – 84% 65 – 74% 50 – 64% Less than 49% |
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Trimester 3, 2020 MAC003 Management Accounting
4.7 Complaints & Appeals
Students wishing to make a complaint or lodge a formal appeal are to follow the procedures in the
UBSS Grievance and Appeals (Academic) Policy. The Course Coordinator can be contacted for
advice.
| 4.8 | E-library Materials UBSS subscribes to a selection of e-library resources to support you in undertaking research |
| required for your course. | These e-resources are accessible from your MyGCA account (e |
| resources tab). UBSS students also have access to the UBSS Resource Centre on Level 2 to | |
| undertake private study. | |
| 4.9 | Workplace Health & Safety (WHS) |
Your safety at UBSS is our first priority. Basic WHS information was provided to you at orientation
and the orientation slides, updated each semester, are posted on MyGCA in the Policies &
Procedures section. Please make sure you know the basics such as reporting an incident, what to
do in an emergency, or fire, the location of First Aid Officers, etc. Ask Student Services if you need
any clarification.
| 4.10 | Evaluations |
| You will be asked to complete an evaluation of this subject at the end of the semester to provide |
feedback to the Lecturer and the Dean. Your responses are anonymous and are not identifiable.
This feedback is used by the Dean to determine if there is any need for improvements to the subject
or the courses offered at UBSS as part of the UBSS course review and improvement cycle.
Date Completed: _____13/08/2020 L Jiao_____________
Date Approved: _____31 August 2020 F Stravens______