BFA261 Management Accounting Unit Outline Semester Two 2011

BFA261 Management Accounting Unit Outline Semester Two 2011
Management Accounting
Semester Two 2011
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,
lecturer, tutor
Dr William Maguire
Lecturer, tutor
Ms Sue Conway
[email protected]
+61 3 6324 3068
+61 3 6324 3369
Ms Kerri O‟Donnell
[email protected]
+61 3 6226 2755
+61 3 6226 7845
[email protected]
+61 3 6226 2277
+61 3 6226 7845
422, Faculty of Business
504, Faculty of Business
© The University of Tasmania 2011
BFA261 unit description
Prior knowledge and skills
Learning outcomes, assessment criteria and generic graduate attributes and
Changes to BFA261 as a result of students‟ feedback and lecturers‟
reflections on previous offerings
Learning resources
BFA261 Management Accounting - unit schedule
Assessment details
Specific attendance requirements and how your final result is determined.
Preparing and submitting your assignment
Assessment submission and penalties
Expectations and responsibilities
Our responsibilities
Assistance- if you have a problem
Occupational health and safety (OH&S)
My Learning On Line - MyLO
Academic referencing
Students with disabilities –University & Faculty Equity Plans:
BFA261 unit description
The aim of the BFA261 unit is to introduce you to some of the technical and analytical tools
you need to analyse relevant management accounting information.
You will use these tools to inform your decisions in a variety of contexts. You will
understand the power of management accounting to inform the decisions that people make
for the good 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.
You will achieve the BFA261 aim by engaging in the process of management accounting.
This unit focuses you on using management accounting as an information system that
produces the information required to manage resources and create value.
With this knowledge and ability you will be able to support managers in their quest to
enhance both customer and shareholder value. You will learn about how decision contexts
vary from broad strategic and resource allocation decisions to specific cost and performance
information necessary to monitor individual segments, products, or customers.
The unit examines costing, cost management, budgeting, performance management, and
pricing, at both operational and strategic levels.
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 learning outcome, teaching activities and assessment criteria shown in the table below
have been designed to develop the following graduate attributes in students (for full
information on graduate attributes, see:
Learning outcomes, assessment criteria and generic graduate attributes outcomes
1. Use management
accounting techniques
and processes:
2. Recommend
actions based on
information analysed:
3. Report to internal
4. Evaluate
techniques, processes
and systems:
Assessment criteria – In assessing this learning
outcome we will be looking at student ability to:
Assessment Methods
Describe the various management accounting techniques, processes and systems.
On-line tests
Examination and simulated
examination questions (SEQs)
Identify issues relating to efficient and effective use of an organisations physical
and human resources.
Examination and SEQs
Make recommendations for the efficient and effective use of physical and human
Examination and SEQs
Analyse the revenue, costs and variances of an organisation
On-line tests
Examination and SEQs
Recommend courses of action based on analyses.
Examination and SEQs
Use appropriate technology for accessing, processing and organising information
into an appropriate format for a professional report.
Use appropriate technology for writing a professional report
Make well reasoned arguments to validate decisions made in reports.
Collect and collate for analysis, information on management accounting
techniques, processes and systems, including cost system design, budgetary
systems, pricing and performance management.
Examination and SEQs
Analyse and evaluate collected information
Rate management accounting techniques, processes and systems based on
organisation context and environment.
Graduate Attribute Outcomes
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
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
Changes to BFA261 as a result of students’ feedback and lecturers’
reflections on previous offerings
This unit has been constantly reviewed to enhance the learning experience for students.
In 2008 students indicated they required assistance with exam type questions. As a
result the current practice of simulated examination questions was introduced in 2009.
The delivery times and marking system has been reviewed in subsequent years and as a
consequence the SEQs are conducted during lecture time to enable all students to
participate and receive regular feedback. Valuable feedback is also provided with the
introduction of on line quizzes throughout the semester. Last year assessable tutorial
workbooks were introduced however this practice did not prove successful as students
focused on earning marks for the task rather than the learning benefit of the work.
Learning resources
You are your most important learning resource. The ability to learn comes from within –
we can help you, but we cannot learn for you. 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. Use this as a basis for acquiring and applying new
knowledge and skills.
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.
(Note that the US edition of Horngren used in 2009 and 2010 is not suitable for the 2011 offering of
this unit.
The text is available in hardback or alternately the e-book is available for students to
download at or you can use this link
This text provides reading material, illustrations, examples and the material for workshops. It
is therefore essential to the unit, and we recommend that you purchase your own copy. If you
purchase a new copy of the text, you also gain access to MyAccountingLab website, which
includes online practice tests, an electronic copy of the book and other material. If it is not
feasible to purchase your own copy, refer to the text in the library, which has copies on
Horngren et al provides all the information you need You need not refer to texts other than
Horngren et al for the standard material in this unit. If you are having difficulty with the text,
please see your lecturer. It is important, however, to have a broader view of management
accounting than that provided in the text, and this is best achieved by using the E-(electronic)
resources available in the library.
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)
BFA261 Management Accounting - unit schedule
Please refer to MyLO for information regarding lecture outlines, homework, and tutorials.
Chapters in
et al
Overview of BFA 261_1102: Management Accounting
The context of management accounting
1, 2
18 July
Cost volume profit analysis
2 (28-46;
55-63), 3
25 July
Decision making and relevant information
1 August
Product and service costing
8 August
Activity based management and activity based costing
15 August
Cost management, capacity costing and capacity
22 August
Pricing decisions and customer-profitability analysis
Mid-semester break: 29 August – 2 September
5 Sept
Master budgets and responsibility accounting
12 Sept
Flexible budgets, variances and management control
19 Sept
Strategy and the balanced scorecard
26 Sept
Balanced scorecard: quality, time and the theory of
3 Oct
Measuring and reporting sustainability
10 Oct
Review of BFA261 unit
12, 13
(516-526, 529,
15 (592-606,
Assessment details
1. Five on-line tests of 2% each – MyAccountingLab - (10%)
Task description:
Each of these tests are of about 30 minutes duration, one attempt is
permitted, each is taken at a time chosen by the student, provided
that it is before the due date, and is marked automatically. Access to
the tests is provided with the textbook. If a student is not able to
purchase a text book, equity access can be provided. These tests allow
students to monitor their learning.
Links to learning outcomes and assessment criteria – see table on page 2.
Due dates:
To be advised.
2. Three best marks of four simulated examination questions – (10%)
Task description:
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 any element of surprise
on examination day. You will answer each of these questions at the
beginning of specified lecture-periods. Students 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.
Links to learning outcomes and assessment criteria – see table on page 2.
Due dates:
To be advised
3. Assignment
Task description:
To be advised.
Links to learning outcomes and assessment criteria – see table on page 2.
Due date:
5 September 2011
4. Examination
Task description:
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.
Links to learning outcomes and assessment criteria – see table on page 2.
Specific attendance requirements and how your final result is determined.
There are no specific attendance requirements in this unit but in order to pass you must
attempt every assessment and achieve an overall mark of at least 50%.
Preparing and submitting your assignment
Guidance for the presentation of your assignment will be provided with the assignment
Read and comply with the information on plagiarism presented below.
Obtain a copy of the cover page for your assignment from the BFA261 MyLO site.
Sign the declaration that all material submitted is your own except where there is clear
acknowledgement or reference to the work of others. This declaration relates to the
University‟s rules on plagiarism – see below.
Submit your assignment via the relevant assignment box in
level 5, Commerce Building, Hobart campus for Hobart students, or
the Faculty of Business area, Launceston Campus for Launceston students.
In line with Faculty policy students are also asked, where appropriate, to submit
assessment tasks via MyLO.
Your assignment will be marked as quickly as possible after all have been submitted, and
returned with the grade and relevant comments.
The word limit specified for your assignment is a maximum. If you submit over-length
work there is an automatic 10% penalty of available marks. It is at the discretion of the
Unit Coordinator whether the words beyond the limit will be assessed. Title pages,
reference lists and appendices are not included in word counts.
Assessment submission and penalties
1. In this Policy
„day‟ or „days‟ includes all calendar days, including weekends and public holidays;
„late‟ means after the due date and time; and
„coursework‟ includes all internal non-examination based forms of assessment
2. This Policy applies to all students enrolled in Faculty of Business Units at whatever
Campus or geographical location.
3. Students are expected to submit coursework on or before the due date and time specified
in the relevant Unit Outline. The onus is on the student to prove the date and time of
4. Students with special circumstances may apply for an extension. Requests for extensions
should, where possible, be made in writing to the Unit Coordinator on or before the due
date. Students will need to provide independent supporting documentation to substantiate
their claims.
5. Late submission of coursework will incur a penalty of 10% of the total marks possible for
that piece of assessment for each day the coursework is late unless an extension had been
granted on or before the relevant due date.
6. Coursework submitted more than five (5) days late will not be accepted.
7. Academic staff do NOT have the discretion to waive a late penalty, subject to clause 4
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.
It is important to note that the professional accounting bodies (e.g. 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).
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
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.
Provide a medical certificate in good time if you are unable to complete any of the
assessment tasks for medical reasons. An appropriate adjustment will be made to the final
examination weighting. Work commitments are not considered an acceptable reason for
failing to complete assessment. Alternative test papers will not be set.
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.
Facilitating your learning
In the context set out above, 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 some practical 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 questions/
problems each week.
The lecture overview will be available on MyLO each week 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.
Tutorials (one-hour tutorial each week - commencing in Week 2)
The purpose of the tutorial is to apply and consolidate the material covered in the previous
lecture. You are required to attempt the homework questions/problems before the tutorial and
undertake further examples during the tutorial sessions. Solutions to these all tutorial
questions will be available on MyLO at the end of each week.
Consultation time
This provides an opportunity for one-on-one consultation. Weekly consultation time will be
advised. If you are unable to consult at these times you are welcome to make an appointment
for another time.
Assistance- if you have a problem
In the first instance you should discuss the matter with your unit coordinator, lecturer or tutor.
However, 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:
David Kronenberg (Accounting Course Coordinator)
(03) 6226 2714
[email protected]
Discussions with the course coordinator will be kept in the strictest confidence.
You are welcome to raise issues with the Head of School, Sue Hrasky, whom you can email
for an appointment ([email protected]).
If you are on the Launceston campus and the coordinator is not located on that campus,
consult Trevor Wilmshurst, ([email protected]) with whom you can also talk
in confidence.
If you wish to pursue the matter further, a student advocate may be able to assist you.
Information about the advocates is available at:
The University has formal policies, and the following link gives you advice about the
procedures that you can follow:
Refer to the Current Students homepage at: 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 for assistance in accessing
the Library,
Contact the service desk for assistance with MyLO
Telephone: 6226 1818;
Email: [email protected]
Review of results and appeals
You may request that we review the mark given to your original submission (in accordance
with Rule of Academic Assessment 2, Clause 22.1). Under the Rule of Academic Assessment
2, clause 23, you may also request a review of your final result in a unit. For further
information see:
Occupational health and safety (OH&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:
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:
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 & click OK].
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.
Academic referencing
In your written work you will need to support your ideas by referring to scholarly literature,
works of art and/or inventions. 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 the
University of Tasmania as a serious offence. Harvard Style is used by the School of
Accounting and Corporate Governance. For information on referencing - see the Library
Please read the following statement on plagiarism. Should you require clarification please see
your unit coordinator or lecturer.
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:
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
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 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 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 Plan can be accessed at:
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 students have equal access to lecture and course materials. The School of Accounting &
Corporate Governance complies with these procedures.
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