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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. |
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CLO2 : Apply management accounting skills learned as appropriate to addressing specific business problems. |
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CLO3 : Develop well-justified decisions and recommendations in response to specific business problems. |
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CLO4 : Analyse and discuss real-world issues connected to management accounting tools and concepts. |
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CLO5 : Clearly and concisely communicate management accounting concepts and ideas orally/ in written form. |
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CLO6 : Explain some of the behavioural effects of using management accounting techniques and concepts. |
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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. |
|
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. |
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CLO5 : Clearly and concisely communicate management accounting concepts and ideas orally/ in written form. |
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CLO6 : Explain some of the behavioural effects of using management accounting techniques and concepts. |
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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
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Assessment 2: Topic Reflections
Assessment FormatIndividual
|
12% |
Start DateTBA through Moodle
Due Date4 times in the term
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Assessment 3: Team Course Video Reflection & Real Life Connection
Assessment FormatGroup
|
25% |
Start DateTBA
Due DateWeek 10
|
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Assessment 4: Final Examination
Assessment FormatIndividual
|
55% |
Start DateTBA through Moodle
Due DateTBA through myUNSW
|
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Assessment Details
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 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 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 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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:
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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.