BFA261 Management Accounting Unit Outline Semester Two 2013

BFA261 Management Accounting Unit Outline Semester Two 2013
BFA261
Management Accounting
Semester Two 2013
School of Accounting and Corporate Governance
Faculty of Business
Unit Outline
Dr William Maguire
You may also view this unit outline on MyLO
CRICOS Provider Code: 00586B
Contact details
Unit coordinator
email
Phone
Fax
Room
Campus
Dr William Maguire
[email protected]
+61 3 6226 2277
+61 3 6226 7845
422, Faculty of Business
Hobart
Campus
Lecturer and tutor
email
Phone
Fax
Room
Hobart
Dr William Maguire
[email protected]
+61 3 6226 2277
+61 3 6226 7845
422, Faculty of Business
Tutor
email
Phone
Fax
Room
Mrs Elaine Li
[email protected]
+61 3 6226 6037
+61 3 6226 7845
507
Campus
Lecturer and tutor
email
Phone
Fax
Room
Launceston
Heinrich Oosthuizen
[email protected]
+61 3 6324 3352
+61 3 6324 3369
TBA
© The University of Tasmania 2013
Contents
BFA261 unit description
1
Prior knowledge and skills
1
Learning outcomes, assessment criteria and generic graduate attributes
1
Development of BFA261 in response to students’ feedback and lecturer’s reflections 3
Learning resources
3
Unit Schedule
5
Assessment tasks
7
Specific attendance requirements and how your final result is determined
8
Preparing and submitting assessment tasks.
8
Review of assessment tasks
8
Expectations and responsibilities
9
If you have a problem
11
Work Health and Safety (WH&S)
11
My Learning On Line - MyLO
12
Academic referencing
13
Plagiarism
14
Students with disabilities –University and Faculty Equity Plans
14
BFA261 unit description
BFA261 focuses on management accounting as an information system that produces the
information required both to manage resources and to create value. The aim of the BFA261
unit is to introduce you to the framework of technical and analytical knowledge and skills
you need to prepare and analyse management accounting information. The unit examines
costing, cost management, budgeting, performance management and pricing, at both
operational and strategic levels. You will achieve the BFA261 aim by engaging in the
process of management accounting. This framework can inform your work in a variety of
contexts, and help you to understand the power of management accounting to inform peoples’
decisions in pursuing the aims of both the organisation and the broader community.
You will learn about and practise the processes and techniques of management accounting
that focus on the effective and efficient use of organisational resources. This framework
enables you to support managers in their quest to enhance both customer and shareholder
value. You will learn how decision contexts vary from broad strategic and resourceallocation decisions to specific cost and performance information necessary to monitor
individual segments, products, or customers.
Prior knowledge and skills
The prerequisites for this unit are BFA103, Accounting and Financial Decision Making, and
BEA140, Quantitative Methods.
Learning outcomes, assessment criteria and generic graduate attributes
The table on the following page presents the learning outcomes, assessment criteria,
assessment methods and graduate attributes and the links between them. The first three have
been designed to develop the stated graduate attributes in students. These link in turn, with a
set of generic graduate attributes which the University has defined and which it expects all
graduates to achieve. See: http://www.teaching-learning.utas.edu.au/orientation/generic
1
Learning Outcomes, Assessment Criteria and Generic Graduate Attributes (add in JIT)
Learning outcomes
1. Use techniques and
systems for costing,
revenue management,
cost management,
strategy, management
control and related
elements
2. Recommend actions
based on information
analysed
3. Report to internal
decision-makers
Assessment criteria –in assessing this learning outcome we will be
looking at your ability to:
Assessment
methods
Examination
and simulated
examination
questions
(SEQs)
Pre-lecture
questions
Examination
and SEQs
Pre-lecture
questions
Describe the various techniques and systems.
Identify issues relating to efficient and effective use of an
organisations physical and human resources
Analyse the revenue, costs and variances of an organisation.
Examination
and SEQs
Make recommendations for the efficient and effective use of
physical and human resources.
Examination
and SEQs
Recommend courses of action based on analyses.
Examination
and SEQs
Present well structured and well written reports.
Examination
and SEQs
Make well reasoned arguments to support recommendations
made in reports.
Examination
and SEQs
Analyse and evaluate information on management accounting
techniques, processes and systems, including cost system design,
budgetary systems, pricing and performance management, based
on organisational and environmental context.
Examination
and SEQs
2
Graduate attributes
Knowledge – detailed knowledge in management
accounting and the ability to apply knowledge to
diverse accounting and related situations.
Communication – an understanding of the written
communication requirements of business, considering
audience needs and appropriate to real world business
situations.
Problem solving – the ability to apply logical thinking
to a range of business related problems. An awareness
of when information is needed and the capacity to
locate, analyse and use relevant information.
Global perspective – an awareness of the global
business environment and the ability to evaluate and
incorporate its influence in accounting practices and
decisions.
Social responsibility – an awareness and understanding
of the social responsibilities of accounting practices and
the ability to make decision that consider sustainability
and the public interest
Development of BFA261 in response to students’ feedback and lecturer’s
reflections.
This unit has been reviewed every year since 2007 to enhance students’ learning
experiences. Major changes are:
•
The simulated examination questions (SEQs) were introduced in 2009 to so that
students can experience answering examination questions under examination
conditions before the final examination itself. They also provide motivation
towards achieving examination standard during the unit.
•
The mark allocation for SEQs has been increased.
•
On-line tests, which were a feature since 2009, have been discontinued.
•
Videos and exercises during lectures were introduced in 2011.
•
Assessable tutorial workbooks were introduced in 2011 on a trial basis and
discontinued in 2012.
•
Pre-lecture questions were introduced successfully in 2012.
Learning resources
Your personal resources
You bring to this unit the knowledge and skills acquired from your schooling, preceding
university units, full-time or part-time jobs and other life experience. You can enhance
your learning by bringing the knowledge and skills together and using them as a basis for
acquiring and applying the knowledge and skills offered by BFA261.
Prescribed text:
Horngren, CT, Wynder, M, Maguire, W, Tan, R, Datar, SM, Foster, G, Rajan, MV& Ittner, C
2011, Cost accounting: a managerial emphasis, 1st Australian Edn*, Pearson Australia,
Frenchs Forest, NSW.
*The US edition of Horngren used is not suitable for this unit.
Horngren et al is central to the unit. We essentially follow the structure and content of the
text, which contains examples and self-study problems, as well as the questions, exercises
and problems that we use in workshops.
The text is available in several forms. The print version of the text (with or without
myaccountinglab) is available at the bookshop. Although we are not using myaccountinglab,
you may find it worthwhile to buy a book with access to this facility. useful for self-study.
The e-book is available for students to download at www.mypearsonstore.com.au.
Horngren et al provides all the information you need. If you are having difficulty with the
text, please consult your lecturer. For those who wish to study further, refer to the references
at the end of each chapter and to the relevant journals in the E-electronic resources library,
examples of which appear below.
3
E- (electronic) resources Library:
Listed below are some journals relevant to management accounting. Access these via the Ejournals web page within the library website, and see databases such as Science Direct,
Proquest and Emerald for other journals. The textbook also provides reference sections at the
end of each chapter.
 Accounting Organisations & Society
(United Kingdom)
 Journal of Applied Management
Accounting Research (Australia)
 Australian Accounting Review
 Management Accounting Research
(United Kingdom)
 Journal of Management Accounting
Research (USA)
 Strategic Finance (United Kingdom
and USA)
4
2013 Unit Schedule: BFA 261 Managment Accounting
Wk No.
Week
beginning
Topic
Horngren et al
chapters
Workshop
exercises/
problems
Assessment tasks (ATs)
TBA
1
15 July
Overview of 2013 unit
1, 2 (excl pp
46-53)
Management accounting context, terms and concepts
N.A.
2
22 July
Cost volume profit analysis
3
Pre-lecture questions
3
19 August
Decision making and relevant information
4
Pre-lecture questions
4
29 July
Product and service costing
5
Pre-lecture questions
5
5 August
Activity based management and activity based costing
7
Pre-lecture questions; SEQ1
6
12 August
Cost management, capacity costing and capacity management
8
Pre-lecture questions
7
26 August
Master budgets and responsibility accounting
11
Pre-lecture questions; SEQ2
Mid-semester break: 2 September –8 September
8
9 Sept
Flexible budgets, variances and management control
12, 13 (pp 516-526,
529, 542)
Pre-lecture questions
9
16 Sept
Pricing decisions and customer-profitability analysis
10
Pre-lecture questions
10
23 Sept
Strategy and the balanced scorecard
15 (pp 592-606,
611-615, 619-620)
Pre-lecture questions; SEQ3
11
30 Sept
Measuring and reporting sustainability
14
Pre-lecture questions
12
7 Oct
Balanced scorecard: quality, time and the theory of constraints
16
Pre-lecture questions; SEQ4
13
14 Oct
Review of BFA261 unit
Pre-lecture questions
5
Facilitating your learning
Our responsibility is to facilitate your learning by arranging lectures, tutorials, assessment,
consultation outside of lectures and tutorials and other assistance as detailed below.
Lectures (one two-hour lecture each week)
Each lecture overviews the topic and provides examples of applications of management
accounting practices. Attendance at a lecture is a starting point only; it is not a substitute for
reading your textbook before each lecture or attempting the exercises/ problems each week.
The lecture overview will be available on MyLO each week shortly before the lecture. Bring
a copy of the overview and your textbook to the lecture. The lecture will be based on the
assumption that you have a copy of the overview and the text book with you and that you
have read the overview and the relevant chapter.
Workshops (one-hour tutorial each week - commencing in Week 2)
The purpose of the workshop is to apply and consolidate the material covered in the previous
week. Attempt the workshop exercises/problems before the workshop and be ready to
discuss these and raise questions during the workshop. The workshop is not a mini-lecture –
it is most important that you do the work beforehand and take this opportunity to consolidate
it. Suggested solutions to exercises/problems questions will be available on MyLO at the end
of each week.
Consultation time
This provides an opportunity for one-on-one consultation. We will advise our consultation
times shortly after the commencement of the semester, when our commitments are in place. If
you are unable to consult at these times you are welcome to make an appointment for another
time.
6
Assessment tasks
Assessment
task
Weight
Task description (links to learning
outcomes on page 2)
1*
10%
Individual task: weekly questions1.
Each Monday by 1700 email to MyLO
the answers to three questions related to
the lecture that will follow in that week.
You must complete ten acceptable
answers for the full 10% credit
Each
Monday,
starting in
week 2
N.A.
2*
30%
Individual task: the three best marks
of four simulated examination
questions (SEQ; 10% each)2 to be
answered under exam conditions at
the beginning of specified lectureperiods.
See unit
schedule
Approx. 30
minutes per
SEQ
3*
60%
Individual task – examination3
Examination
period
Three hours
Total
Due date
Duration
100%
* Each assessment task links to the learning outcomes and assessment criteria reflected in the
table, page 2.
1 Weekly questions – 10%)
As described above. These questions encourage you to read the chapter in advance of the lecture, to
test your understanding through the question and to identify areas which you find difficult.
2 Three best marks of four simulated examination questions – (10%)
These questions are drawn from past examinations and are of about 30 minutes duration, They are
designed to encourage students to keep up with their learning and to test their knowledge againstexamination-level questions so as to reduce the element of surprise on examination day. You will
answer each of these questions at the beginning of specified lecture-periods. You are awarded the
best three out of four marks to allow for unexpected poor performance and to able to miss one of the
SEQs without penalty. There are no re-sits for SEQs. If you are not able to sit at least three SEQs for
medical reasons, you must provide a medical certificate.
Coverage of each SEQ:
SEQ1: chapters 1-4; SEQ2: chapters 5, 7; SEQ3; chapters 8, 11-13; chapters 10, 15.
3 Examination (60%)
Five to seven questions, closed book, three hours plus reading time. You can expect to be examined
on any of the material covered during the unit . The University Registrar conducts the final
examination in the formal examination period at the end of the semester and dates are advised later in
the semester. See the Current Students homepage (Examinations and Results) on the University’s
website.
7
Specific attendance requirements and how your final result is determined.
In order to pass the unit you must attempt at least 10/12 of Assessment Task 1 (pre-lecture
questions) and ¾ of Assessment Task 2 (SEQs) and achieve an overall mark of at least 50%.
Preparing and submitting assessment tasks.
•
Do not plagiarise – read and comply with the information on plagiarism presented below.
•
Assessment tasks will be marked as quickly as possible after the due date and returned
with the grade and relevant comments. The specific time taken depends on a number of
factors, including the number of students in the unit. Late submissions may take longer.
Review of assessment tasks
(a)
Review of internal assessment
It is expected that students will adhere to the following School Policy for a review of any
piece of continuous/internal assessment.
As well as including any assessment task undertaken across the teaching phase of any unit
(such as an assignment, a tutorial presentation, an online discussion, and the like), the term
internal assessment also includes any task such as a capstone assignment or a take-homeexamination conducted within a non-face-to-face unit.
Within 5 days of the release of the assessment result, a student may request a meeting with
the assessor for the purpose of an informal review of the result (Academic Assessment Rule
No 2 Clause 22 http://www.utas.edu.au/university-council/university-governance/rules ).
During this meeting, the student should be prepared to discuss specifically the marks for the
section/s of the marking criteria they are disputing and why they consider their mark/s is/are
inappropriate. The assessor shall provide a response to the request for review either at the
meeting or within 5 days. If the student is dissatisfied with the response, he/she may, within 5
days of the response, request the Head of School to arrange for a formal review of the
assessment by completing and lodging with the School a ‘Review of Assessment Form’.
(b)
Review of final result
You may also request a review of the final result (assessment) in this unit. This would
usually involve a review of your final examination script.
Step 1: You may request to see your examination script after results have been released, by
completing the “Access to Exam Script” form available from the School office or at
http://www.utas.edu.au/__data/assets/pdf_file/0019/205525/Application-for-Access-toExam-Paper.pdf
Step 2: Your Unit Coordinator will then contact you within 5 working days to arrange a time
to go through the examination script with you (you will need to ensure that you check your
UTAS email account regularly during this time).
8
Step 3: Should you still require a review/remark of your final result, a formal request (and
payment if relevant) must be made ONLY after completing Step 2 and, to comply with
UTAS policy, within 10 days from the release of the final grade (Academic Senate Rule 2:
Academic Assessment Clause 23). You will need to complete a form “Application for
Review of Assessment” available on-line:
http://www.studentcentre.utas.edu.au/examinations_and_results/forms_files/review_of_asses
sment.pdf . Note that if you have passed the unit, then you will be required to pay $50 for this
review.
The School of Accounting and Corporate Governance reserves the right to refuse a
student request to review the final examination script should this process not be
followed.
Expectations and responsibilities
Your expectations
Only you know what you expect to achieve on completion of BFA261; however, we assume
that all of you seek to achieve at least a pass mark in this unit, and that many of you seek to
do better than that. To realise your expectations requires learning, which is best achieved by
your taking responsibility for your learning and applying effort to it.
Our expectations
The University’s Code of Conduct for Teaching and Learning states
Students are expected to participate actively and positively in the teaching/learning
environment. They must attend classes when and as required, strive to maintain steady
progress within the subject or unit framework, comply with workload expectations,
and submit required work on time.
The above statement implies:
•
Study and learn independently. This is a feature of a reflective approach to learning in
which you reflect or think carefully about what it is you are learning.
•
Active participation, which promotes meaningful learning and develops independent,
logical, analytical and critical thinking skills.
The professional accounting bodies (i.e. The Institute of Chartered Accountants in Australia,
CPA Australia and National Institute of Accountants) and prospective employers seek these
characteristics in graduates.
Attending classes is an important start, but it is not enough – the more you engage with
management accounting by working with the material and participating in classes, the more
you will learn.
The University has expectations regarding your responsibilities as you pursue your studies
within the university environment (see above).
9
Your responsibilities
You are responsible for putting in the work required for this unit - the result you achieve is a
function of the work you have put in. Reflective learning and active participation in learning
call for the following actions:
•
Plan your time, noting commitments such as key submission dates in all of the units you
are studying, to avoid pressure points and to ensure that you are able to prepare for each
lecture and tutorial;
•
On average, plan to spend 10 - 12 hours of your time per week on BFA261 throughout
the semester. A suggested allocation of time is:
o
Attend lecture (2 hours) and tutorial (1 hour);
o Read your textbook, highlighting important parts and making appropriate short notes.
Attempt questions/ exercises/ problems before lecture and tutorial (4 – 5 hours);
o Consolidate material after class; complete online tests and work on assignment (3 - 4
hours).
•
Manage your study schedule and work throughout the semester. By attempting to apply
the concepts to a problem, you appreciate which aspects you understand and which areas
need further attention. If you do this, you will improve your understanding, and your
review time ("swot vac") will allow for consolidation and revision, rather than frantically
catching up.
•
Be prepared to ask questions as we work through questions/problems during each lecture
and tutorial;
•
Complete tasks;
•
Make use of available support services.
•
Discuss problem areas with your lecturer and/or student representatives as they arise. Do
not leave major areas of difficulty until the end of semester. See “our responsibilities”
below for details.
•
If you miss a lecture or tutorial, it is your responsibility to obtain the information that you
have missed. Clearly, not everything that is said or done will appear on MyLO.
Our responsibilities
The University is committed to high standards of professional conduct in all activities, and its
commitment and responsibilities to you are of paramount importance.
10
If you have a problem
The procedures within the School are that in the first instance, you should discuss the matter
with your unit coordinator, lecturer or tutor. If you do not feel comfortable approaching one
of these people, or if you have a discussion and are not satisfied with the outcome, then you
are encouraged to contact the major/course coordinator:
David Kronenberg
Room: 505
Phone: 6226 2280
[email protected]
Discussions with the major co-ordinator will be kept in the strictest confidence.
You are always welcome to also raise issues with one of the Co-Heads of School, as
appropriate:
David Kronenberg ([email protected])
Trevor Wilmshurst ([email protected])
If you wish to pursue the matter further, a student advocate may be able to assist you.
Information about the advocates is available at:
http://www.utas.edu.au/governance-legal/student-complaints/student-advocates
The University also has formal policies, and the following link gives you advice about the
procedures that you can follow:
http://www.utas.edu.au/governance-legal/student-complaints/how-to-reslolve-a-studentcomplaint/self-help-checklist
Refer to the Current Students homepage at: http://www.utas.edu.au/students which sets out a
range of University-wide support services available to you including Student Services,
International Services and Learning Development.
•
•
Visit the library website at http://www.utas.edu.au/library/ for assistance in accessing
the Library,
Contact the service desk for assistance with MyLO
Website: http://www.utas.edu.au/servicedesk/student/index.html.
Telephone: 6226 1818;
Email: [email protected]
Work Health and Safety (WH&S)
The University is committed to providing a safe and secure teaching and learning
environment. In addition to specific requirements of this unit you should refer to the
University’s policy at:
http://www.utas.edu.au/__data/assets/pdf_file/0004/113809/Work-Health-and-Safety-PolicyApril-2013.pdf
11
My Learning On Line - MyLO
MyLO is an internet service that has been adapted by the University and will be used in this
unit. MyLO may be accessed on computers in computing laboratories at the University or on
your computer at home or at work. Information about accessing and using this service, about
required computer specifications and frequently asked questions, and about how to get help if
you experience difficulties, is available at the following University website:
http://www.utas.edu.au/learning-teaching-online/
You are strongly advised to visit this site and become familiar with the features of MyLO,
especially if you have not used it before. You will probably be using it in other units that you
are studying as well. Here are some important points about accessing our web site:
Access to MyLO
You can access your MyLO course from the Student Page on the University’s web site:
Current Students Quick links MyLO or go directly to the web address noted above:
•
Enter your email POP account “Username” (for example, dsmith) and your “Password”.
These are identical to the pop account/email username and password that you are given
with your enrolment confirmation form. If you forget your pop account username,
contact the Help Desk (see below under ‘getting assistance with MyLO). Both MyLO
and e-mail passwords must remain the same. If you are going to change your password,
change your e-mail password first.
•
When you enter your user name and password, click on OK and choose “BFA261” from
the list of units (subjects) in which you are enrolled. [NOTE: Another box may
periodically appear when using the University network which asks you to verify your
user name & password, this is simply a security device – enter your password when
asked and click OK].
o
•
MyLO will automatically check that your browser is properly configured. If the
MyLO ‘browser checker’ window appears – scroll down to make sure you have a
tick in each area shown – then close the window.
From the Unit’s homepage click on the area you wish to access e.g. “Unit Information”.
A table of contents will appear on the left hand side of your screen. Scroll through the
list until you find what you want & click the underlined topic.
MyLO expectations
1.
Students are expected to maintain the highest standards of conduct across all modes of
communication, either with staff or with other students. Penalties may be imposed if the
Unit Coordinator believes that in any instance or mode of communication that your
language or content is inappropriate or offensive. MyLO in particular provides a public
forum. Due levels of respect, professionalism and high ethical standards are expected of
all at all times.
12
2.
Submission of assessment tasks via MyLO presumes that students have read,
understood and abide by the requirements relating to academic conduct, and in
particular those requirements relating to plagiarism. All work submitted electronically
is presumed to be “signed-off” by the student submitting as their own work. Any
breach of this requirement will lead to student misconduct processes.
3.
MyLO is an Internet service for teaching and learning provided by the University. As
much of the delivery of this unit will be available through MyLO, it is expected that
students will access the facility on a regular basis, preferably at least once per day.
4.
Students are also expected to check their UTAS email site on a regular basis
5.
Students submitting requests or queries to staff via email should provide very clearly
their:
Family name: Preferred name; Student ID; Unit code (i.e. BFA261)
and allow teaching staff at least 24 hours on business days to reply.
Academic referencing
In your written work you will need to support your ideas by referring to journals, books,
websites and other scholarly literature.
It is important that you understand how to correctly refer to the work of others and maintain
academic integrity.
Failure to appropriately acknowledge the ideas of others constitutes academic dishonesty
(plagiarism), a matter considered by UTAS as a serious offence.
The appropriate referencing style for the School of Accounting and Corporate Governance is
the Harvard style. For information on referencing styles, it is imperative that you:
a. Refer to the School’s website – Accounting Communication Matters at:
http://www.utas.edu.au/accounting-communication-matters/
b.
access the following UTAS Library site:
http://utas.libguides.com/content.php?pid=27520&sid=199808
A link to the UTAS Library site also appears under “Useful Links” on the Student Resources
page of the School website.
Please read the following statement on plagiarism. Should you require clarification, please
see your unit coordinator or lecturer, or ask a member of the Library staff via:
http://www.utas.edu.au/library/askus.html
Each unit MyLO site also has a direct link to the above site.
13
Plagiarism
Plagiarism is a form of cheating. It is taking and using someone else's thoughts, writings or
inventions and representing them as your own, for example: using an author's words without
putting them in quotation marks and citing the source; using an author's ideas without proper
acknowledgment and citation; or copying another student's work.
If you have any doubts about how to refer to the work of others in your assignments,
please consult your lecturer for relevant referencing guidelines, and the academic
integrity resources on the web at: http://www.academicintegrity.utas.edu.au/
The intentional copying of someone else’s work as one’s own is a serious offence
punishable by penalties that may range from a fine or deduction/cancellation of marks
and, in the most serious of cases, to exclusion from a unit, a course or the University.
Details of penalties that can be imposed are available in the Ordinance of Student
Discipline – Part 3 Academic Misconduct, see
http://www.utas.edu.au/universitycouncil/legislation/ord9.pdf
The University reserves the right to submit assignments to plagiarism detection
software, and might then retain a copy of the assignment on its database for the
purpose of future plagiarism checking.
For further information on this statement and general referencing guidelines, see
http://www.utas.edu.au/plagiarism/ or follow the link under ‘Policy, Procedures and
Feedback’ on the Current Students homepage.
Students with disabilities –University and Faculty Equity Plans
Goal 1 of the University of Tasmania Equity and Diversity Plan provides for: “An inclusive
teaching and learning environment that values diversity, supports the pursuit of academic
excellence and produces high quality education and employment results for all students and
staff”. The University’s Equity and Diversity Plan can be accessed at:
http://www.utas.edu.au/students/student-equity
The Faculty of Business Equity Plan facilitates the University Plan at an operational level and
has developed an ‘Action Plan’. The Action Plan for Goal 1 lays down procedures to ensure
that all students, including those with disabilities, have equal access to lecture and course
materials. The School of Accounting & Corporate Governance complies with these
procedures.
Student Feedback via eVALUate
At the conclusion of each unit, students will be asked to provide online responses to a number
of questions relating to matters regarding the Unit itself and to matters relating to the teaching
within that unit.
All students are asked to respond honestly to these questions, as all information received is
used to enhance the delivery of future offerings.
14
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