MANAGEMENT AND COST REPORTING

ACC5MCR

2015

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-ordinatorJudy Louie

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

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsManagement accounting: information for managing and creating value.PrescribedLangfield-Smith, K., Thorne, H., Hilton, R.W.6TH. EDN. MCGRAW-HILL.
ReadingsManagerial Accounting, 15th EditionRecommendedGarrison, R., Noreen, E., Brewer, P. (2014)15th Edition, McGraw-Hill Higher Education

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

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Start date between: and    Key dates

Melbourne, 2015, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorAlireza Vafaei

Class requirements

Lecture Week: 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.

Tutorial Week: 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.

Assessments

Assessment elementComments% ILO*
one 1.5-hour mid-semester testIndividual assessment20 01, 02, 03
one 20-minute class presentationGroup presentation10 01, 02, 03, 04, 05
one 3-hour final examinationHurdle Requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the unit70 01, 02, 03, 04

Melbourne, 2015, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorAlireza Vafaei

Class requirements

Lecture Week: 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.

Tutorial Week: 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.

Assessments

Assessment elementComments% ILO*
one 1.5-hour mid-semester testIndividual assessment20 01, 02, 03
one 20-minute class presentationGroup presentation10 01, 02, 03, 04, 05
one 3-hour final examinationHurdle Requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the unit70 01, 02, 03, 04