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KING’S OWN INSTITUTE* Success in Higher Education ACC200 INTRODUCTION TO MANAGEMENT ACCOUNTING T119 All information contained within this Subject Outline applies to all students enrolled in the trimester as indicated. 1. General Information 1.1 Administrative Details Associated HE Award(s) Duration Level Subject Coordinator B Bus (Accg); B Bus (Mgt & Finance) 1 trimester Level 2 Paul Power
[email protected] P: 92833583 (Ext.156) L: Level 1, 545 Kent St. Consultation: via Moodle or by appointment 1.2 Core/Elective This is a core subject for B Bus (Accg) and B Bus (Mgt & Fin). 1.3 Subject Weighting Indicated below is the weighting of this subject and the total course points. Subject Credit Points Total Course Credit Points 4 BBus (Accg) 96; BBus (Mgt & Finance) 96 1.4 Student Workload Indicated below is the expected student workload per week for this subject. No. timetabled hours/week* No. personal study hours/week** Total workload hours/week*** 4 hours/week (2 hour Lecture + 2 hour Tutorial) 6 hours/week 10 hours/week * Total time spent per week at lectures and tutorials ** Total time students are expected to spend per week in studying, completing assignments, etc. *** Combination of timetable hours and personal study. 1.5 Mode of Delivery On-campus 1.6 Pre-requisites ACC100 Introduction to Accounting 1.7 General Study and Resource Requirements o Students are expected to attend classes with the weekly worksheets and subject support material provided in Moodle. Students should read this material before coming to class to improve their ability to participate in the weekly activities. o Students will require access to the internet and their KOI email and should have basic skills in word processing software such as MS Word, spreadsheet software such as MS Excel and visual presentation software such as MS PowerPoint. o Computers and WIFI facilities are extensively available for student use throughout KOI. Students are encouraged to make use of the campus Library for reference materials. ACC200 INTRODUCTION TO MANAGEMENT ACCOUNTING T119 05/03/2019 17:51 PAGE 1 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Approved by KOI Academic Board for T1 2019 mailto:
[email protected] ACC200 Resource requirements specific to this subject: Students should have a non-programmable calculator. Applications in smart phones will not be sufficient to perform the required calculations. 2 Academic Details 2.1 Overview of the Subject This subject provides an introduction to the fundamental concepts and techniques that underpin management accounting in contemporary business environments. Students will apply these concepts and techniques to the planning, directing, decision-making and controlling functions of an organisation. Contemporary management accounting issues will also be discussed in this subject. 2.2 Graduate Attributes for Undergraduate Courses Graduates of the Bachelor of Business (Accounting), and the Bachelor of Business (Management and Finance) courses from King’s Own Institute will gain the graduate attributes expected from successful completion of a Bachelor’s degree under the Australian Qualifications Framework (2nd edition, January 2013). Graduates at this level will be able to apply an advanced body of knowledge in a range of contexts for professional practice or scholarship and as a pathway for further learning. King’s Own Institute’s key generic graduate attributes for a bachelor’s level degree are summarised below: Across the course, these skills are developed progressively at three levels: o Level 1 Foundation – Students learn the basic skills, theories and techniques of the subject and apply them in basic, stand-alone contexts. o Level 2 Intermediate – Students further develop skills, theories and techniques of the subject and apply them in more complex contexts, beginning to integrate the application with other subjects. o Level 3 Advanced – Students have a demonstrated ability to plan, research and apply the skills, theories and techniques of the subject in complex situations, integrating the subject content with a range of other subject disciplines within the context of the course. KOI Bachelor Degree Graduate Attributes Detailed Description Knowledge Current, comprehensive and coherent knowledge Critical Thinking Critical thinking and creative skills to analyse and synthesise information and evaluate new problems Communication Communication skills for effective reading, writing, listening and presenting in varied modes and contexts and for transferring knowledge and skills to others Information Literacy Information and technological skills for accessing, evaluating, managing and using information professionally Problem Solving Skills Skills to apply logical and creative thinking to solve problems and evaluate solutions Ethical and Cultural Sensitivity Appreciation of ethical principles, cultural sensitivity and social responsibility, both personally and professionally Teamwork Leadership and teamwork skills to collaborate, inspire colleagues and manage responsibly with positive results Professional Skills Professional skills to exercise judgement in planning, problem solving and decision making ACC200 INTRODUCTION TO MANAGEMENT ACCOUNTING T119 05/03/2019 17:51 PAGE 2 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Approved by KOI Academic Board for T1 2019 ACC200 2.3 Subject Learning Outcomes This is a Level 1 subject. Listed below, are key knowledge and skills students are expected to attain by successfully completing this subject: Subject Learning Outcomes Contribution to Course Graduate Attributes a) Analyse the links between management accounting, customers, suppliers and sources of external information and assess what is relevant to business decision-making b) Apply costing techniques and explain their strengths and limitations in specific circumstances c) Analyse management accounting information and present management accounting information in various formats using appropriate systems d) Critically evaluate and apply relevant management accounting concepts and management control systems to organisational settings. 2.4 Subject Content and Structure Below are details of the subject content and how it is structured, including specific topics covered in lectures and tutorials. Reading refers to the text unless otherwise indicated. Weekly Planner: Week (beginning) Topic covered in each week’s lecture Reading(s) Expected work as listed in Moodle 1 11 Mar Overview management accounting in context. Basic cost terms and inventory costing Chs.1, 2 Tutorial Exercises 2 18 Mar Inventory management Ch.17 Tutorial Exercises 3 25 Mar Absorption and product costing Ch. 6 Tutorial Exercises 4 01 Apr Process costing Ch. 6 Tutorial Exercises Online quiz due 5 08 Apr Allocating service department costs Ch. 14 Tutorial Exercises 6 15 Apr Mid trimester exam Mid trimester exams 21 Apr 2019 – 28 Apr 2019 Mid trimester break 7 29 Apr Standard costing, variance analysis Ch.12 Tutorial Exercises 8 06 May Budgeting, management control and responsibility accounting Ch. 11 Tutorial Exercises Draft Report ACC200 INTRODUCTION TO MANAGEMENT ACCOUNTING T119 05/03/2019 17:51 PAGE 3 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Approved by KOI Academic Board for T1 2019 ACC200 9 13 May Activity based costing and target costing Chs. 7,8 Tutorial Exercises Deferred mid trimester exams - see Section 2.6 below for more information 10 20 May Balanced scorecard, financial and non- financial measures of performance Ch.20 Tutorial Exercises Individual Assignment (Case Study) due 11 27 May Environment issues and sustainability Ch.21 Tutorial Exercises Online Quiz 12 03 Jun Revision Revision exercises 13 10 Jun Study Review Week 14 17 Jun Final Exam Week Please see Exam Timetable for exam date, time and location 15 24 Jun Student Vacation begins Enrolments for T219 open 16 01 Jul Results Released 02 Jul 2019 Certification of Grades 05 Jul 2019 T219 begins 08 July 2019 1 08 Jul Week 1 of classes for T119 Friday 05 July 2019 – Review of Grade Day for T119 – see Sections 2.6 and 3.6 below for more information. 2.5 Public Holiday Amendments Please note: KOI is closed on all scheduled NSW Public Holidays. T119 has six (6) days of public holidays (Easter Holidays and the Queen’s Birthday) that occurs during classes this trimester. Classes scheduled for these public holidays (Calendar Class Dates) will be rescheduled as per the table below. All other public holidays fall within the mid-trimester break period. This applies to ALL subjects taught in T119. Please see the table below and adjust your class timing as required. Please make sure you have arrangements in place to attend the rescheduled classes if applicable to your T119 enrolment. Classes will be conducted at the same time and in the same location as your normally scheduled class except these classes will be held on the date shown below. Calendar Class Date Rescheduled Class Date Friday 19 April 2019 (Week 6) Saturday 20 April 2019 (Week 6) Tuesday 11 June 2019 (Week 13) Study Review Week Wednesday 12 June 2019 (Week 13) Study Review Week 2.6 Review of Grade, Deferred Exams & Supplementary Exams/Assessments Review of Grade: There may be instances when you believe that your final grade in a subject does not accurately reflect your performance against the subject criteria. Section 8 of the Assessment and Assessment Appeals Policy (www.koi.edu.au) describes the grounds on which you may apply for a Review of Grade. If this happens and you are unable to resolve it with the Academic staff concerned then you can apply for a formal Review of Grade within the timeframes indicated in the following sections of this subject