ACCT5996 Management Accounting and Business Analysis

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ACCT5996 Management Accounting and Business Analysis


Course Details & Outcomes

Course Description

This course examines how management accounting information can be created and used to effectively analyse business activities for operational improvement and superior performance. The course immerses students in management accounting tools that will build their business acumen in managing costs and resources, sources of value creation, and opportunities for enhanced operational outcomes. Management Accounting and Business Analysis offers an active learning approach, where students benefit from student-led class discussions, individual and team-based learning activities, and authentic case studies that introduce students to complexity in business analysis.

Note: This course is not available to students who have completed ACCT2522 in the last three years.

Course Aims

This course examines how management accounting information can created and used to effectively analyse business activities for operational improvement and superior performance. The course immerses students in management accounting tools that will build their business acumen in managing costs and resources, sources of value creation, and opportunities for enhanced operational outcomes. Management Accounting and Business Analysis offers an active learning approach, where students benefit from student-led class discussions, individual and team-based learning activities, and authentic case studies that introduce students to complexity in business analysis.

Relationship to Other Courses

This course examines how management accounting information can created and used to effectively analyse business activities for operational improvement and superior performance. The course immerses students in management accounting tools that will build their business acumen in managing costs and resources, sources of value creation, and opportunities for enhanced operational outcomes. Management Accounting and Business Analysis offers an active learning approach, where students benefit from student-led class discussions, individual and team-based learning activities, and authentic case studies that introduce students to complexity in business analysis.

Note: This course is not available to students who have completed ACCT2522 in the last three years.

 

Course Learning Outcomes

Course Learning Outcomes Program learning outcomes
CLO1 : Build management accounting knowledge relevant to managing costs and resources, operational efficiency and effectiveness, and sources of value creation.
  • PLO1 : Business Knowledge
CLO2 : Apply management accounting skills learned as appropriate to addressing specific business problems.
  • PLO1 : Business Knowledge
CLO3 : Develop well-justified decisions and recommendations in response to specific business problems.
  • PLO2 : Problem Solving
CLO4 : Analyse and discuss real-world issues connected to management accounting tools and concepts.
  • PLO1 : Business Knowledge
CLO5 : Clearly and concisely communicate management accounting concepts and ideas orally/ in written form.
  • PLO3 : Business Communication
CLO6 : Explain some of the behavioural effects of using management accounting techniques and concepts.
  • PLO5 : Responsible Business Practice


Course Learning Outcomes Assessment Item
CLO1 : Build management accounting knowledge relevant to managing costs and resources, operational efficiency and effectiveness, and sources of value creation.
  • Assessment 1: Individual Presentation
  • Assessment 2: Topic Reflections
  • Assessment 3: Team Course Video Reflection & Real Life Connection
  • Assessment 4: Final Examination
CLO2 : Apply management accounting skills learned as appropriate to addressing specific business problems.
  • Assessment 1: Individual Presentation
  • Assessment 2: Topic Reflections
  • Assessment 3: Team Course Video Reflection & Real Life Connection
  • Assessment 4: Final Examination
CLO3 : Develop well-justified decisions and recommendations in response to specific business problems.
  • Assessment 1: Individual Presentation
  • Assessment 2: Topic Reflections
  • Assessment 3: Team Course Video Reflection & Real Life Connection
CLO4 : Analyse and discuss real-world issues connected to management accounting tools and concepts.
  • Assessment 1: Individual Presentation
  • Assessment 3: Team Course Video Reflection & Real Life Connection
CLO5 : Clearly and concisely communicate management accounting concepts and ideas orally/ in written form.
  • Assessment 4: Final Examination
  • Assessment 2: Topic Reflections
  • Assessment 1: Individual Presentation
  • Assessment 3: Team Course Video Reflection & Real Life Connection
CLO6 : Explain some of the behavioural effects of using management accounting techniques and concepts.
  • Assessment 1: Individual Presentation
  • Assessment 3: Team Course Video Reflection & Real Life Connection

Learning and Teaching Technologies

Moodle - Learning Management System

Learning and Teaching in this course

At university, the focus is on your self-directed search for knowledge. Seminars, textbooks, exams and other resources are all provided to help you learn. It is therefore essential to prepare for class as instructed each week (refer to the weekly Seminar Preparation Guide), and to proactively participate in class.

Other Professional Outcomes

Through Moodle updates

Additional Course Information

Weekly Seminars

All weeks are delivered in small group seminars (3 hours each week - including Week 1), where you will develop your technical skills in management accounting calculation, your skills in applying management accounting techniques to organisational situations and problems, explore more deeply issues relating to the design, implementation, and analytical use of management accounting techniques. A particular focus of each seminar willbe an in-depth case study, where you will work closely with your designated seminar group to explore more complex management accounting issues associated with each topic.

Your success in completing this case with your group is heavily depending on your preparation for each seminar as instructed, including by completing the required readings.

Note: If students are not in a team by end of Week 2 (i.e. must attend class to be assigned), deferral of the course to a subsequent term is required.

Assessments

Assessment Structure

Assessment Item Weight Relevant Dates Program learning outcomes
Assessment 1: Individual Presentation
Assessment FormatIndividual
8%
Start DateTBA through Moodle
Due Dateongoing throughout the Term
  • PLO1 : Business Knowledge
  • PLO2 : Problem Solving
  • PLO3 : Business Communication
  • PLO5 : Responsible Business Practice
Assessment 2: Topic Reflections
Assessment FormatIndividual
12%
Start DateTBA through Moodle
Due Date4 times in the term
  • PLO1 : Business Knowledge
  • PLO2 : Problem Solving
  • PLO3 : Business Communication
Assessment 3: Team Course Video Reflection & Real Life Connection
Assessment FormatGroup
25%
Start DateTBA
Due DateWeek 10
  • PLO1 : Business Knowledge
  • PLO3 : Business Communication
Assessment 4: Final Examination
Assessment FormatIndividual
55%
Start DateTBA through Moodle
Due DateTBA through myUNSW
  • PLO1 : Business Knowledge
  • PLO3 : Business Communication

Assessment Details

Assessment 1: Individual Presentation
Assessment Overview

Requires students to understand concepts and apply them to real world contexts.

Assesses:  PLO1, PLO2, PLO3, PLO5

Course Learning Outcomes
  • CLO1 : Build management accounting knowledge relevant to managing costs and resources, operational efficiency and effectiveness, and sources of value creation.
  • CLO2 : Apply management accounting skills learned as appropriate to addressing specific business problems.
  • CLO3 : Develop well-justified decisions and recommendations in response to specific business problems.
  • CLO4 : Analyse and discuss real-world issues connected to management accounting tools and concepts.
  • CLO5 : Clearly and concisely communicate management accounting concepts and ideas orally/ in written form.
  • CLO6 : Explain some of the behavioural effects of using management accounting techniques and concepts.
Detailed Assessment Description

Requirements provided in Moodle

Assessment Length

3 minutes

Submission notes

TBA through Moodle

Assessment information

TBA through Moodle

Assignment submission Turnitin type

This is not a Turnitin assignment

Assessment 2: Topic Reflections
Assessment Overview

Requires students to understand and reflect on content.

Assesses:  PLO1, PLO2, PLO3

Course Learning Outcomes
  • CLO1 : Build management accounting knowledge relevant to managing costs and resources, operational efficiency and effectiveness, and sources of value creation.
  • CLO2 : Apply management accounting skills learned as appropriate to addressing specific business problems.
  • CLO3 : Develop well-justified decisions and recommendations in response to specific business problems.
  • CLO5 : Clearly and concisely communicate management accounting concepts and ideas orally/ in written form.
Detailed Assessment Description

Requirements provided in Moodle

Assessment Length

approx 150 words per reflection task

Submission notes

TBA through Moodle

Assessment information

TBA through Moodle

Assignment submission Turnitin type

This is not a Turnitin assignment

Assessment 3: Team Course Video Reflection & Real Life Connection
Assessment Overview

Requires an understanding and application of all concepts learnt.

Assesses: PLO1, PLO2, PLO3, PLO5

Course Learning Outcomes
  • CLO1 : Build management accounting knowledge relevant to managing costs and resources, operational efficiency and effectiveness, and sources of value creation.
  • CLO2 : Apply management accounting skills learned as appropriate to addressing specific business problems.
  • CLO3 : Develop well-justified decisions and recommendations in response to specific business problems.
  • CLO4 : Analyse and discuss real-world issues connected to management accounting tools and concepts.
  • CLO5 : Clearly and concisely communicate management accounting concepts and ideas orally/ in written form.
  • CLO6 : Explain some of the behavioural effects of using management accounting techniques and concepts.
Detailed Assessment Description

Requirements provided in Moodle

Assessment Length

Approx 15 minutes

Submission notes

TBA through Moodle

Assessment information

TBA through Moodle

Assignment submission Turnitin type

This assignment is submitted through Turnitin and students can see Turnitin similarity reports.

Assessment 4: Final Examination
Assessment Overview

Requires students to demonstrate their understanding of the key readings and concepts studied throughout the course and their ability to apply those concepts.

Assesses:  PLO1, PLO3

Course Learning Outcomes
  • CLO1 : Build management accounting knowledge relevant to managing costs and resources, operational efficiency and effectiveness, and sources of value creation.
  • CLO2 : Apply management accounting skills learned as appropriate to addressing specific business problems.
  • CLO5 : Clearly and concisely communicate management accounting concepts and ideas orally/ in written form.
Detailed Assessment Description

TBA through Moodle

Assessment Length

TBA through Moodle

Submission notes

TBA through Moodle

Assessment information

TBA through Moodle

Assignment submission Turnitin type

This is not a Turnitin assignment

General Assessment Information

As a student at UNSW you are expected to display academic integrity in your work and interactions. Where a student breaches the UNSW Student Code with respect to academic integrity, the University may take disciplinary action under the Student Misconduct Procedure. To assure academic integrity, you may be required to demonstrate reasoning, research and the process of constructing work submitted for assessment.

To assist you in understanding what academic integrity means, and how to ensure that you do comply with the UNSW Student Code, it is strongly recommended that you complete the Working with Academic Integrity module before submitting your first assessment task. It is a free, online self-paced Moodle module that should take about one hour to complete.

You are expected to complete all assessment tasks for your courses in the School of Accounting, Auditing & Taxation. In some courses, there will be a minimum pass mark required on the final exam due to the need to assure individual mastery of specific course learning outcomes for accounting accreditation requirements.  Where applicable this is explained in the assessment section of this course outline.

This course will have an invigilated exam held on UNSW’s Kensington campus. The exam will be conducted on Inspera, an online assessment platform. It is a mandatory requirement that you attend the exam on-campus (even if you are only attending online classes) and that you come with a fully charged laptop with Safe Exam Browser (SEB) installed. For information about On-Campus Invigilated Exams requirements and conditions please visit here

Further instructions on how to prepare for this exam will be provided to you during the term.

Grading Basis

Standard

Requirements to pass course

Formal Requirements

In order to pass this course, you must:

  • achieve a composite mark of at least 50 out of 100;
  • meet any additional requirements described in the Assessment Summary section.

You are expected to attempt all assessment requirements in the course.

Course Schedule

Teaching Week/Module Activity Type Content
Week 1 : 27 May - 2 June Seminar

Course Introduction & Basic Management Accounting Concepts

 

 

An introduction to the course structure, assessments, and resources. We will also provide you with tips on how to make the most of the innovative learning environment provided in this course. Then this seminar will introduce basic concepts and ideas related to management accounting. We will define management accounting, its general objectives, and describe contemporary changes in management accounting practices and the role of the management accountant.

 

 

Week 2 : 3 June - 9 June Seminar

Cost Behaviour: Drivers, Estimation and Analysis

 

 

This week concentrates on the importance of understanding cost behaviour as part of management accounting and business analysis. We will define various forms of cost behaviour, estimate cost functions through specified quantitative techniques, and apply this knowledge to cost-volume-profit analysis.

 

 

 

 

Week 3 : 10 June - 16 June Seminar

Cost Allocation: Traditional and Activity-Based Methods

 

 

This focuses on costing, particularly in relation to allocation approaches for indirect or overhead costs. We introduce, compare, and apply both traditional and activity-based costing methods for overhead allocation.

 

 

 

 

Week 4 : 17 June - 23 June Seminar

Budgeting

 

 

This week we focus on budgets and discuss their importance for organisational planning and control. We will examine the components of the master budget and apply processes through which budgets are prepared.

 

 

 

 

Week 5 : 24 June - 30 June Seminar

Standard Costs and Variances for Control

 

 

This week focuses on alternative budget approaches (flexible budgeting, activity-based budgeting), and introduce standard costs, and variance analysis for cost control. We will explore how standards are set and used in planning and managing resources. We will calculate and interpret direct materials and direct labour variances. We will also discuss approaches used to consider the significance of variances, responsibility for them, and the need for corrective action.

 

 

 

 

Week 6 : 1 July - 7 July Seminar

Managing Performance and Incentives

 

 

This week considers how and why firms choose to decentralize, and how this relates to a need for responsibility accounting. We will compute and interpret selected measures of investment centre performance, such as ROI, RI and EVA. We will also examine the role of transfer pricing in decentralised firms and consider methods of transfer price setting. Finally, we will examine incentive schemes as means shaping motivation through performance measurement.

 

 

 

 

Week 7 : 8 July - 14 July Seminar

Managing Costs

 

 

This week will focus on using accounting information to manage resources for greater value. In line with this, we will introduce Life-Cycle Costing, Target costing, and Activity-Based Management as tools that can assist with identifying important business improvement opportunities.

 

 

 

 

Week 8 : 15 July - 21 July Seminar

Managing Quality and Throughput

 

 

A continuation of the topic from last week – the focus remains on using accounting information to manage resources for greater value. This week will the focus on two further business improvement concepts – quality management and the theory of constraints.

 

 

 

 

Week 9 : 22 July - 28 July Seminar

Tactical and Capital Investment Decisions

 

 

This is the last of the weekly seminars. This week will examine how to create relevant information for tactical decisions relating to common short-term decision-making scenarios. Analysis of capital investment opportunities, using various approaches, will also be explored.

 

 

 

 

Week 10 : 29 July - 4 August Seminar

Final Exam Overview

 

 

This final seminar aims to review what we have learned over the course of the term, and overview what will be assessed for the final exam, and review important study techniques and exam tips for the final examination.

 

 

Attendance Requirements

Please note that lecture recordings are not available for this course. Students are strongly encouraged to attend all classes and contact the Course Authority to make alternative arrangements for classes missed.

General Schedule Information

Note: for more information on the UNSW academic calendar and key dates including study period, exam,supplementary exam and result release, please visit: https://student.unsw.edu.au/ new-calendar-dates

Course Resources

Prescribed Resources

The website for this course is on Moodle.

The required textbook for this course is:

  • Langfield-Smith, K., Smith, D., Andon, P., Hilton, R.W., and Thorne, H. (2022) Management Accounting: Information for Creating and Managing Value, 9th edition (ebook).

The link to the eBook is available from the course Moodle site.

In addition to this required text, other supplementary reading materials may be issued as appropriate (refer to your Seminar Preparation Guide each week for details).

Please note that it is against Australian copyright laws to photocopy, take photos, scan, or otherwise copy anything more than a reasonable portion of the required textbook.

If you bring anything other than a genuine version of the ebook to class, you will be asked to leave the class and obtain a genuine copy.

Recommended Resources

To be provided in Moodle when required

Additional Costs

Not applicable

Course Evaluation and Development

Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey , which provides a key source of studentevaluative feedback. Your input into this quality enhancement process is extremely valuable in assisting us to meet the needs of our students and provide an effective and enriching learning experience. The results of all surveys are carefully considered and do lead to action towards enhancing educational quality.


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