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ACC3206 Management Accounting B

Semester 1, 2023 Online
Units : 1
School or Department : School of Business
Grading basis : Graded
Course fee schedule : /current-students/administration/fees/fee-schedules

Staffing

Course Coordinator:

Requisites

Pre-requisite: ACC2205
Enrolment is not permitted in ACC3206 if ACC3114 has been previously completed.

Overview

In this second Management Accounting course, we expand on the knowledge gained from Management Accounting A. The course includes an expanded view of an organisation to include its value chain and adopts a strategic focus, which are key components of the overall skills base of today’s professional. The study of these management accounting tools and techniques is relevant not only in job readiness as a business graduate with an accounting major but also as a preparatory knowledge base in their respective professional year programs for a career in business.

Professional accountants’ involvement in organisational management team, their contribution to strategy development and implementation aimed at creating customer and shareholder value, and a strong competitive position for the organisation. Consequently, graduates need to possess an understanding of the strategic application of management accounting tools and techniques of value chain analysis and environmental management accounting contributing to organisations’ sustainability. This course is a required technical and profession competency component of CPA and CAANZ accreditation and specifically addresses Technical Competency Area 7.

This course is designed to provide you with the general knowledge that covers the components of the advanced strategic and environmental management accounting tools and techniques of value chain analysis and associated strategic techniques needed for business sustainability. The course focuses on providing you with an introductory, developing, and advanced levels for their competencies, skills, and knowledge in the practical application and interpretation of management accounting techniques. You may use this opportunity to develop an understanding of how these modern tools support the evaluation of business practice, capacity identification, planning, control, and decision making in the performance of an organisation. You may also use its products, people, and business segments using financial and non-financial KPIs to be well-informed individuals and critical thinkers for decision making to help develop your employability as a business graduate with an accounting major.

This course contains `online' Forum discussion, which provides formative learning outcomes opportunities through effective communication and collaboration and summative assessment and peer learning.

Course learning outcomes

On completion of this course students should be able to:

  1. explain the role of strategy in business and ethical considerations of decision making as they relate to organisations and management accounting (TCA7 LO1 (b & d) & Lo5 (a));
  2. apply appropriate quantitative techniques, use traditional and strategic costing information for business planning and control (TCA7 LO3 (b) & (d));
  3. apply the principles and procedures involved in analysing and managing an organisation’s working capital requirements (TCA7 LO4);
  4. evaluate the performance of an organisation, its products, people, and business segments including the use of financial and non-financial performance indicators (TCA7 LO5 (b),(c) & (d));
  5. analyse data and information to prepare reports that support management decision making:
    1. reports to support management decision making on quality control, performance measurement, and comparative analysis
    2. report writing to communicate (i) business insights and recommendations; (ii) business decisions and their rationale (TCA7 LO1 (c) & LO6 (b) & (c));
  6. critically apply quantitative business and performance data to provide possible solutions to organisations (ALS 3);
  7. justify and communicate data and strategic business information to specialists and non-specialists (ALS 4).

Topics

Description Weighting(%)
1. The role of Porter’s generic strategies and Porter’s 5 Forces in organisational responsibility centres’ performance evaluation through value chain analysis 15.00
2. Analysis of traditional and strategic costing information for business planning and control and evaluation (including discounted cash flow; outsourcing; pricing & product mix) 15.00
3. Analysis for sustainable capital investment decision making, and problem solving 5.00
4. Management accounting performance evaluation of an organisation’s value chain members using financial & non-financial KPIs, Sustainability Balanced Scorecard and benchmarking techniques 40.00
5. TQM quality control reporting & environmental quality cost reporting using business reporting techniques, and reflections on ethics in CSR/EMA 25.00

Text and materials required to be purchased or accessed

Langfield-Smith, K, Smith, D, Andon, P & Thorne, H 2021, Management Accounting: Information for creating and managing value, 9th edn, McGraw-Hill Pty Ltd, Sydney, Australia.
(Available as an eBook.)

Student workload expectations

To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.

Assessment details

Approach Type Description Group
Assessment
Weighting (%) Course learning outcomes
Assignments Written Case ¾«¶«´«Ã½app 1 No 15 1,2,3
Assignments Written Case ¾«¶«´«Ã½app 2 No 35 2,4,5,6,7
Examinations Invigilated Invigilated examination No 50 2,3,4,5,6
Date printed 9 February 2024