acc5mcr management and cost reporting
MANAGEMENT AND COST REPORTING
ACC5MCR
2016
Credit points: 15
Subject outline
The subject introduces current thinking about management accounting practices in organisations with the aim to provide both quantitative and qualitative information for managing and creating value. The subject has the following aims: 1. It seeks to develop within students an ability to apply a range of technical conventional and contemporary cost accounting techniques. 2. To highlight the role of such techniques in supporting effective use of organisational resources and management decision making to create value. 3. To develop awareness that costing systems vary from one organisation to the next and that they evolve over time in relation to changes in the business environment. 4. To raise concerns on how business decisions impact the society. Furthermore, the course draws upon research and the professional literature to explore the issues that are raised in relation to cost and management reporting.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorBob Cornick
Available to Study Abroad StudentsNo
Subject year levelYear Level 5 - Masters
Exchange StudentsNo
Subject particulars
Subject rules
Prerequisites ACC5AFM
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Management accounting: information for managing and creating value. | Prescribed | Langfield-Smith, K., Thorne, H., Hilton, R.W. | 6TH. EDN. MCGRAW-HILL. |
Graduate capabilities & intended learning outcomes
01. conceptualize the relationship between various cost concepts and methodologies to build a coherent link in the fundamental building blocks of business decision making process.
- Activities:
- lectures,tutorials and presentations
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
02. critically review different strategies/approaches available within the organization and recommend the most suitable strategy/approach in business decision making.
- Activities:
- lectures, tutorials and presentations
- Related graduate capabilities and elements:
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
03. select and analyse useful information that is relevant to improve current business outcomes.
- Activities:
- lectures, tutorials and presentations
- Related graduate capabilities and elements:
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
04. demonstrate critical awareness of how business decisions impact on ethical, societal and economic issues.
- Activities:
- lectures, tutorials and presentations
- Related graduate capabilities and elements:
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
05. deliver presentations effectively in a clear, succint and persuasive manner, engaging the audience while solving a business case study.
- Activities:
- presentations
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Subject options
Select to view your study options…
Melbourne, 2016, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBob Cornick
Class requirements
TutorialWeek: 10 - 22
One 1.0 hours tutorial other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
LectureWeek: 10 - 22
One 2.0 hours lecture other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | Individual assessment | 20 | 01, 02, 03 |
| one 20-minute class presentation | Group presentation | 10 | 01, 02, 03, 04, 05 |
| one 3-hour final examination | Hurdle Requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the unit | 70 | 01, 02, 03, 04 |
Melbourne, 2016, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBob Cornick
Class requirements
TutorialWeek: 31 - 43
One 1.0 hours tutorial other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
LectureWeek: 31 - 43
One 2.0 hours lecture other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | Individual assessment | 20 | 01, 02, 03 |
| one 20-minute class presentation | Group presentation | 10 | 01, 02, 03, 04, 05 |
| one 3-hour final examination | Hurdle Requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the unit | 70 | 01, 02, 03, 04 |
Sydney, 2016, Study Period 3, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBob Cornick
Class requirements
Lecture
One 2.0 hours lecture other recurrence on weekdays during the day and delivered via face-to-face.
Tutorial
One 1.0 hours tutorial other recurrence on weekdays during the day and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | Individual assessment | 20 | 01, 02, 03 |
| one 20-minute class presentation | Group presentation | 10 | 01, 02, 03, 04, 05 |
| one 3-hour final examination | Hurdle Requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the unit | 70 | 01, 02, 03, 04 |