Level 2, Suite 4B, 5A, 5B & 6A, 1-17 Elsie Street, Burwood, NSW 2134

ACC201 Management Accounting

Learning Guide Semester 2 2020

Contents

1. General Information
2. Subject Learning Outcomes
3. Assessment Tasks for this subject
4. Schedule of Learning and Teaching Activities
5. Learning resources
6. Consultation Times
7. Student Conduct
8. General Assessment Information
9. Academic Integrity
10. Student Support
11. Policies and Procedures

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ACC201 Management Accounting Learning Guide

1. GENERAL INFORMATION

Credit points Prerequisites Co-requisites

12.5 ACC101 Introduction to None
Accounting

1.1 Subject Description

This subject equips students with specialist knowledge and technical skills to understand the
associated costs and concepts related to management accounting. Students will gain insight
into budgeting, stock management, pricing decisions, analysis into overheads, and
contemporary approaches to measuring and managing performance. Upon completion,
students will be able to conduct analysis for management decisions using accounting
information.

1.2 Staff details

Subject Coordinator: Dr. Majd Shamayleh
Location: Gateway Business College
Phone: 02 97153048
Email: [email protected]

Teaching Staff:
Lecturer: Dr. Majd Shamayleh
Tutor: Dr. Majd Shamayleh

1.3 Important Academic Dates

Semester Start date: 27 July 2020
Semester End date: 16 October 2020
Examination period: 19 October 2020 – 30 October 2020

Further information about important academic dates including census date is available on
the Moodle page for this subject.

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2. SUBJECT LEARNING OUTCOMES

The Subject Learning Outcomes (SLOs) are what you should be able to demonstrate by the
end of this subject if you participate fully in learning activities and successfully complete the
assessment items.

The following table list the SLOs and shows where each SLO is assessed:
Table 1 – SLOs and Assessment Items

Subject Learning Outcome Assessment Item

On successful completion of the course, you This learning outcome will be assessed in
should be able to: the following items:

1. Analyse various management Mid-semester test,

accounting systems taking into case studies,
account their impacts on final exam
organisational behaviour.
2. Critically evaluate management Case studies,
accounting techniques in terms of final exam
their contribution to maintaining a
firm’s strategic competitive
advantage.
3. Select and justify relevant Mid-semester test,
management accounting models, case studies,
standards and information to analyse final exam
given business scenarios.
4. Determine performance management Final exam
and evaluation methods for business
decision making.
5. Assess and interpret the results of Mid-semester test,
costing exercises applied to different case studies,
business activities. final exam

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3. ASSESSMENT TASKS FOR THIS SUBJECT

The table below lists the assessment tasks, their percentage of the final mark, when they
are due and which SLOs are assessed by each task.

Table 2 - Assessment tasks

Assessment Items When Weighting (% of Learning
assessed – total marks for outcomes
week of subject) assessed
semester

Mid-Semester Test (Individual) -

Students are tested on key concepts
of cost and management accounting 8 20 1, 3, 5
for manufacturing and service sectors.

Case Study (Individual) - Students are

to submit a case study that addresses
the key concepts and standards of the 11 30 1, 2, 3, 5
relevant topics (2000 words).

Final Exam (Individual) - A closed book

exam covering contents from weeks
1-13 (120 minutes). Exam Period 50 1, 2, 3, 4, 5

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ACC201 Management Accounting Learning Guide

4. SCHEDULE OF LEARNING AND TEACHING ACTIVITIES

Semester 2 – 27 July to 16 October 2020 Table 3

Week Topic Readings

One x 2 hour lecture and One x 2 hour
Tutorial each teaching week
Week Start of Week

1 27 July Introduction: management Langfield-Smith, K.

accounting concepts et al, Ch.1.
2 3 August Cost behaviour, cost drivers, Langfield-Smith, K.
and cost estimation et al, Ch.2 Ch 3.
3 10 August Job costing systems Langfield-Smith, K.
et al, Ch. 4. Ch. 6
4 17 August Process costing and Langfield-Smith, K.
operations costing et al, Ch. 5.
5 24 August Overhead costs, absorption Langfield-Smith, K.
and variable costing. et al, Ch. 7.
6 31 August Contemporary approaches to Langfield-Smith, K.
managing performance and et al, Ch. 13. Ch. 14
risk fraud management .
7 07 September Budgeting. Langfield-Smith, K.
et al, Ch. 9.
8 14 September Sustainability and Langfield-Smith, K.
management Accounting. et al, Ch. 17.
Mid-Semester Test
9 21 September Cost volume profit analysis. Langfield-Smith, K.
et al, Ch. 18.
10 28 September Cost information for tactical Langfield-Smith, K.
decision. et al, Ch. 19.
11 05 October Pricing and product mix Langfield-Smith, K.
decisions et al, Ch. 20.
Case Study
12 12 October Managing costs and quality Langfield-Smith, K.
et al, Ch. 14.
Examination Period: 19 October – 30 October 2020

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5. LEARNING RESOURCES
Access to Moodle online learning environment is required as all learning resources can be
found on the Moodle page of this subject.

Prescribed and recommended reading:

Prescribed Text:

 Langfield-Smith, K., Thorne, H., Smith, D. and Hilton, R. (2018). Management

Accounting: Information for Managing and Creating Value. 8th ed.
Australia: McGraw-Hill.

Recommended Reading:

 Burns, J., Warren, L., Quinn, M. and Oliveira, J. (2013). Management Accounting.
United States: McGraw-Hill.

 Jiambalvo, J. (2016). Managerial Accounting. 6th ed. United States: Wiley.

 Komlos, J. (2014). What Every Economics Student Needs to Know and Doesn’t Get in
the Usual Principles Text. Routledge.

6. CONSULTATION TIMES

Monday Tuesday Wednesday Thursday Friday

14:00-16:00

7. STUDENT RESPONSIBILITIES AND CONDUCT

Students are expected to be familiar with and adhere to Gateway Business College policies
in relation to class attendance and general conduct and behaviour, including maintaining a
safe, respectful environment; and to understand their obligations in relation to workload,
assessment and keeping informed. Information and policies on these topics can be found on
the Gateway Business College website.

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7.1 Workload
It is expected that you will spend at least ten to twelve hours per week studying for a
subject. This time should be made up of reading, research, working on exercises and
problems, online activities and attending classes. In periods where you need to complete
assignments or prepare for examinations, the workload may be greater. Over-commitment
has been a cause of failure for many students. You should take the required workload into
account when planning how to balance study with employment and other activities.
We strongly encourage you to connect with your Moodle course page from the very first
week of your semester.

7.2 Attendance
Your regular and punctual attendance in lectures and seminars or in online learning
activities is expected in this subject. Gateway Business College reserves the right to refuse
final assessment to those students who attend less than 80% of scheduled classes especially
where attendance and participation is required as part of the learning process (e.g.,
tutorials, flipped classroom sessions, seminars, labs, etc.).

7.3 General Conduct and Behaviour

You are expected to conduct yourself with consideration and respect for the needs of your
fellow students and teaching staff and comply with all appropriate Gateway Business
College policies. Conduct which unduly disrupts or interferes with a class, such as ringing or
talking on mobile phones, is not acceptable and students may be asked to leave the class.

7.4 Health and Safety

Gateway Business College Health and Safety Policy requires each person to work safely and
responsibly, in order to avoid personal injury and to protect the safety of others.

7.5 Keeping Informed

You should take note of all announcements made in lectures, tutorials or in the course
Moodle site. From time to time, Gateway Business College will send important
announcements to your College e-mail address. You will be deemed to have received this
information.
Visa regulations require all international students to keep Gateway Business College
informed of their address and contact details and to notify Gateway Business College of any
changes within 2 weeks of the change.

8. GENERAL ASSESSMENT INFORMATION

Detailed information on assessment tasks, including specific submission and assessment

dates and marking rubrics will be supplied via Moodle.

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8.1 Formal Requirements for Passing this Subject

To pass this subject, you need to demonstrate your attainment of each of the Learning
Outcomes. Your overall mark in this subject will be determined by combining your results
from each assessment task. You are expected to attempt all assessment requirements in the
course. The marks for each assessment task are combined to reflect the percentage
weighting of each task.

You need to achieve an overall score of at least 50% to successfully complete this subject. It
is expected that you will seek help (from the subject coordinator in the first instance), well
before the due date, if you are unclear about the requirements for an assessment task.

8.2 Assessment Feedback

Feedback on student performance from assessment tasks will be provided to students in a

timely manner. Assessment tasks completed within the teaching period of a course, other
than a final assessment, will be assessed and students provided with feedback within 10
working days of submission, under normal circumstances.

8.3 Appealing assessment outcomes

Students are entitled to appeal an assessment task mark. In the first instance, they should
speak to the Subject Coordinator. If an assessment task has been marked by two academic
staff members as part of the appeals process, the second mark will be recorded as the final
mark.
If a student remains unsatisfied, they may choose to escalate their appeal according to the
Student Complaints and Appeals Policy.

8.4 Marks and grades awarded for individual assessment tasks in a subject

Marks and grades for individual assessment tasks in a subject are awarded as described
below:

The award of a Final grade will be accompanied by the student’s accumulated total mark
/100 for the subject.

To be awarded a Final grade a student must:

• Have been properly enrolled in the subject and not withdraw or be excluded from
the subject during the semester; and
• Have completed all assessment tasks for the subject

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Students who have not completed any of the assessment tasks for a subject may be
awarded the grade of ‘Absent Fail’.

Table 4 Marks and Grades for Assessment Items

GRADE NOTATION / MARK DEFINITION

NOMENCLATURE
HD High Distinction 85 to 100 Student has demonstrated
outstanding achievement of the
criteria and standards for the
assessment task
D Distinction 75 to 84 Student has demonstrated superior
achievement of the criteria and
standards for the assessment task
C Credit 65 to 74 Student has demonstrated good
achievement of the criteria and
standards for the assessment task
P Pass 50 to 64 Student has demonstrated
satisfactory achievement of the
criteria and standards for the
assessment task
PS Pass-Supplementary 50 Awarded after passing an approved
Assessment supplementary assessment
F Fail 0 to 49 Student has demonstrated
unsatisfactory achievement of the
criteria and standards for the
assessment task.
AF Absent Fail N/A Student has not officially
withdrawn from the subject and
cannot be awarded a mark or a
grade because no assessment tasks
were submitted.

A student is not eligible for the

award of a grade unless they
complete all required assessments
in a subject.

Awarding an “Absent Fail” allows

Gateway Business College to
distinguish between students
whose academic performance did
not reach the required standard to
pass a subject and those students
who made no attempt to complete

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the subject and the assessments.

This is important when reviewing
and reporting student performance
in a subject.
W Withdrawn (without N/A Evidence is provided by student of
academic penalty) serious illness or misadventure
experienced after the relevant
census date warranting withdrawal
and/or deferral without academic
penalty.
WF Withdrawn Fail N/A Indicates that a student has
formally notified Gateway Business
College of their withdrawal from
the subject after the census date
and prior to the final day of
teaching in that semester.
RP Result Pending N/A Used as Interim grade when a
student’s final grade and mark in a
subject cannot be confirmed due to
a Deferred Examination or
Supplementary Assessment being
approved by the Academic Board.

‘Result Pending’ may also be used

when a student’s final grade and
mark in a subject cannot be
confirmed due to other
circumstances beyond the control
of the Course Coordinator.

8.5 Grade Point Average

The Grade Point Average (GPA) is the average result of all the grades achieved throughout
an award. The GPA is an important measure used across the higher education sector and
can assist students applying for further coursework studies, higher degree research and
Honours programs, scholarships, admission to other higher education providers, and entry
into the employment market.

The GPA is calculated on a 7-point grading scale where 7 are the highest and 0 is the lowest
achievement respectively. All types of ‘Fail’ grades (i.e. F, WF and AF) are included in the
calculation. ‘Withdrawn’ grades (W) are not included.

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Table 5 Grade Points

GRADE NOMENCLATURE GRADE POINTS

HD High Distinction 7
D Distinction 6
C Credit 5
P Pass 4
PS Pass - Supplementary 3
F Fail 0
AF Absent Fail 0
WF Withdrawn Fail 0

8.6 Special Consideration

Gateway Business College is committed to equity and fairness in all aspects of its learning
and teaching. Should a student encounter extenuating or exceptional circumstances that
may affect their ability to complete an assessment task, they should contact the Subject
Coordinator or Course Coordinator for advice on deferment, or an extension to the
assessment task due date. Special consideration may apply in instances of cultural or legal
significance, illness, family bereavement or misadventure. Subject Coordinators must make
all reasonable attempts to accommodate students who experience unexpected
circumstances. Gateway Business College will ensure the provision of adequate support for
students requiring special consideration.

8.7 Appealing assessment outcomes

Students are entitled to appeal an assessment task mark. In the first instance, they should
speak to the Subject Coordinator.

If an assessment task has been marked by two academic staff members as part of the
appeals process, the second mark will be recorded as the final mark.

If a student remains unsatisfied, they may further their appeal according to the Student
Complaints and Appeals Policy.

9. ACADEMIC INTEGRITY

Academic Integrity is honest and responsible scholarship and learning. Terms like Academic
Integrity, misconduct, referencing, conventions, plagiarism, academic practices, citations
and evidence-based learning are all considered basic concepts that successful degree
students understand. Learning how to communicate original ideas, refer sources, work

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independently, and report results accurately and honestly are skills that you will be able to
carry beyond your studies.

The definition of academic misconduct is broad. It covers practices such as cheating, copying
and using another person’s work without appropriate acknowledgement. Incidents of
academic misconduct may have serious consequences for students.

Examples of Academic misconduct

• submits an assessment task that demonstrates plagiarism

• submits an assessment task that is not their original work
• cheats in an examination
• does not comply with examination rules
• engages in collusion
• contracts someone else to write their assessment task
• fabricates research data.

9.1 Appropriate acknowledgement

A student’s assessable work must demonstrate genuine original work, produced for the
assessment for which it is submitted, supported by established scholarship and research.

Students are expected to attribute all work that is not their own to the original author(s)
and source of the work. Correct referencing and citation practices must be applied in all
assessable work.

9.2 Plagiarism

Plagiarism is when a student or staff member presents the work of another as their own.
Plagiarism includes:
 adapting any part of a journal article, book, audio material, web content, visual
imagery, or any other source without referencing the material through in-text
citations in the assessable work (or footnotes or endnotes), and a reference list.
 the direct copying or paraphrasing of sections of any text or resource without
acknowledging the original source
 partially or wholly re-using the work of other students
 obtaining materials from the internet, and presenting them, modified or not, as
one’s own work
 presenting work that is partially or wholly derived from the work of another
person, but which has been superficially modified, for example through rewording
 any use of another person’s concepts, experimental results and conclusion, or any
conclusion that is derived from the analysis of evidence or arguments, without
acknowledging the owner who is the originator of the work, ideas or conclusion.

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9.3 Collusion

Collusion is when one or more students work together to submit an assessment task that
requires they work individually. Collusion is classified as a form of cheating.

It is not collusion when students are required to collaborate on an assessment task, such as
working in pairs or groups.
It is not collusion when students work or study together in preparation for an assessment
task. However, students should at all times ensure that the work they submit is their own.

9.4 Cheating

Gateway Business College regards cheating as a form of academic misconduct. Cheating is

knowingly submitting the work of others as their own and includes contract cheating (work
produced by an external agent or third party that is submitted under the pretences of being
a student’s original piece of work). Cheating is not acceptable at Gateway Business College.

If you need to revise or clarify any terms associated with academic integrity you should
explore the Academic Integrity Policy.

10. STUDENT SUPPORT

Gateway Business College provides a range of support services for students. For details, visit
the GBC website.

Your lecturers and tutors will be your best first point of contact if you experience difficulties
with your studies. Academic staffs are experienced teaching practitioners and can identify
learning differences and learning difficulties that can impact a student’s achievement.

Teaching staff may refer you, where relevant, to any of the academic intervention services
available at Gateway Business College, including consulting the Academic Skills Advisor.

10.1 Academic Language Support Services

These services are available to all students and will provide assistance to students in areas
of English for academic purposes, including essay-writing skills, note-taking, and editing and
proof-reading.

Additionally, Gateway Business College offers academic language support services

exclusively for international students to address any academic issues that may arise
amongst student for whom English is not a first language.

10.2 Academic Learning Services

Gateway Business College will offer additional academic support services designed to assist
domestic and international student’s transition to higher education learning and achieve

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their academic potential. These services aim to strengthen student skills that include note-
taking, referencing and time-management.

11. POLICIES AND PROCEDURES

 Academic Integrity Policy

 Student Academic Misconduct Policy
 Examination Policy
 Student Complaints and Appeals Policy
 Award of grades Policy
 Academic Governance Policy
 Assessment Policy
 Teaching and Learning Policy
 Students at Risk and Unsatisfactory Progress Policy
 Academic Language and Learning Support Policy
 Admissions Policy

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