Queensland University of Technology
Area of Study
Accounting, Management Science
Taught In English
PrerequisitesBSB110 or CTB110
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewSynopsis:This unit introduces students to accounting systems and techniques that provide management at all levels with information for use in planning, controlling and decision making. This can be contrasted with financial accounting, which provides summary financial information principally for external users (i.e. shareholders, creditors, banks, etc). Emphasis is placed on developing a range of accounting systems (in particular product costing) which may be used in manufacturing firms, although the principles and concepts used to develop such systems can be adapted to service organisations.Learning OutcomesUpon completion of this unit, you should be able to:
ContentThe content of this unit has been selected with the specified aim and learning outcomes in mind. The majority of the unit examines the accumulation and analysis of information prepared for the current needs of management, e.g. data for budgeting, product costing, decision-making and performance evaluation. The issues covered in management accounting are techniques practiced both in Australia and overseas.The generic capabilities this unit develops are:-
- Describe and discuss current management accounting knowledge and apply technology skills appropriate for real world management accounting
- Perform key calculations and prepare reports using different costing and budgeting methods in different management accounting contexts
- Exercise critical thinking and judgement for decision making and planning across a range of management accounting contexts
- Demonstrate and apply knowledge of ethical perspectives relating to achieving common organisational goals and optimisation of business performance
- Professionally communicate management accounting knowledge, advice and recommendations in written form.
Approaches to Teaching and LearningThis unit encourages you to conceptually link the theoretical aspects of the unit with the practical aspects, which will enable you to apply your knowledge to a wide variety of accounting situations. There are three elements to the learning and teaching strategies employed in this unit:1. lectures,2. tutorials, and3. additional weekly practice questions.All three are included to enable you to fulfil the aim and objectives of the unit as discussed above.Lectures will provide an introduction to the topics and will complement rather than substitute the textbook. Lectures will also include relatively simple worked examples to illustrate cost accounting techniques and processes. For all lectures the PowerPoint slides are available on-line prior to the lecture. The value of attending lectures is you can see problems being worked, rather than just being presented with the outcome of the process.The basic understanding provided in lectures will be further developed through tutorials and the weekly practice questions. Fully-worked solutions to all questions will be provided on-line after the tutorial.Tutorials commence in week 2. You are required to attempt the tutorial questions before the tutorial. The tutorials give you:· the chance to resolve any questions;· the opportunity to see 'how' problems are worked; and· discuss with tutors 'why' something is done a certain way.Attendance at tutorials is strongly recommended.To ensure that you do not get behind in the work, you are encouraged to complete all weekly questions in the allotted week.Proper attention to the teaching and learning strategies should enable students to meet the assessment requirements of the unit. You will be assessed on your developing knowledge, understanding and skills using a range of inter-related assessment methods.AssessmentAssessment name: Multiple Choice QuizDescription: An on-line quiz (linked to the text book) will be held. The quiz will cover Weeks 1-4.Length: 60 minutesFormative or Summative: BothRelates to objectives: 1 & 2Weight: 20Internal or external: InternalGroup or individual: IndividualDue date: Week 6Assessment name: ReportDescription: The assignment is a report which includes material covered in five lectures in the unit. Students are required to prepare a series of management accounting reports, and also prepare a written report to management addressing specific issues.Length/Duration: Report comprises written (no more than 1000 words) and practical elementsFormative or Summative: BothRelates to objectives: 1, 2, 3 & 5Weight: 30Internal or external: InternalGroup or individual: IndividualDue date: Week 11Assessment name: End of Semester ExaminationDescription: The final examination will consist of both practical and theoretical questions. While the final is not an open book examination, students will be permitted to bring into the examination one white A4 double-sided page, containing any material at all (any size, handwritten or typed, any colour, any margins). The final exam will have two parts: Part A and B. The practical questions (calculations) in Part A will cover Weeks 5-12. Theory questions in Part A and B (discussion) may relate to any of the content covered in the unit.Length: 2 hours working time plus 15 minutes perusalFormative or Summative: SummativeRelates to objectives: 1, 2, 3 & 4Weight: 50Internal or external: InternalGroup or individual: IndividualDue date: Central Exam Period
- discipline knowledge;
- technology skills;
- synthesising and analysing skills;
- critical thinking and judgement; and
- ethical perspectives.
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Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.