UNSW Business School
ACCT2522 Management Accounting for Decision Analysis
Topic 0: Introduction
Dr Yee Shih Phua
Quad 3062
y.phua@unsw.edu.au
Lecturers (in order of appearance)
Dr Yee Shih Phua
Topics 4-6: Managing Costs
& Quality, Managing Time Theory of Constraints &
Project Management.
Topics 1-3: Intro to MA,
Understanding Processes &
Costing Basics, ABC, Standard
Cost & Variance Analysis.
Prof Mandy
Cheng
Topics 7-9: Transfer Pricing,
Management Control &
Performance Evaluation, and MA
Information for Decision-Making
Dr Nicole Ang
Lecture Outline
Part I: Topic 0
A. Introduction to ACCT2522
Part II: Administration
A. Assessments
B. Course Resources
C. Approach to Learning and Teaching in this Course
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Topic 0 (Introduction): Learning
Objectives
1. Understand the role of management accounting
practice in sustaining and creating value within
organisations
Optional Reading
• Langfield-Smith et al. (2022) 9th ed (hereafter LS
or Textbook)
• Chapter 1
1. What is Management Accounting?
Value Creation
Strategy Implementation
Customers: Products & Services
Activities
Processes
“The processes and techniques
that focus on the effective and
efficient use of organisational
resources, to support managers
in their tasks of enhancing both
customer value and shareholder
value”
Langfield-Smith et al. (2022) p.6
Organisational Resources
Value creation for stakeholders
• Management Accounting
• “The processes and techniques that focus on the
effective and efficient use of organisational resources,
to support managers in their tasks of enhancing both
customer value and shareholder value”
• Langfield-Smith et al. (2022) p.7
“The value that a customer places on particular features of a
product” or service
• Elements of customer value
• Cost
• Quality - degree to which a product/service meets
expectations
• Time (Duration vs. Timeliness)
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1. What is Management Accounting?
Value Creation
Strategy Implementation
Customers: Products & Services
Cost
Activities
Quality
Time
Processes
“The processes and techniques
that focus on the effective and
efficient use of organisational
resources, to support managers
in their tasks of enhancing both
customer value and shareholder
value”
Langfield-Smith et al. (2022) p.6
Organisational Resources
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2. Uses of Management Accounting
Costing
(& Cost
Management)
Facilitate
decision
making
Continuous
Improvement
(CQT)
Implementation
of Strategies
Performance
evaluation
(Decision
influencing)
Uses of Management Accounting
Information from MAS
• Strategy formulation & implementation
• Planning
• Long-term vs. Short-term
• Control and performance evaluation (decision
influencing)
• Continuous improvement
• Especially wrt cost, quality, and time
• Facilitate decision making
• Costing and cost management
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3. Comparing Management Accounting with
Financial Accounting Information (LO1)
Financial
1 External user focus
2 Must follow externally
imposed rules
3 Financial data almost
exclusively from
accounting system
4 Objective with historical
orientation
5 Reliable and verifiable
6 Highly aggregated
information
Management
1 Internal user focus
2 No mandatory rules
3 Financial & nonfinancial
data from many sources
4 Subjective with emphasis
on the future
5 Timely and relevant
6 Information provided at
varying levels of details
LS p. 8-10
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ACCT2522 Course Map
Introduced in COMM1180; advanced
understanding in ACCT3583
Value Creation
Managing Quality
4. Cost & Quality
Managing Time
5. Theory of Constraints
6. Project Management
Customers: Products & Services
Strategy Implementation
Managing Costs
2. Activity-based Costing
3. Standard Costs &
Variance Analysis
Cost
Quality
Time
7. Responsibility
Accounting & Transfer
Pricing
1. MA &
Understanding
Processes
Activities
Role of Management
Accounting (MA)
Planning
8. Management Control
& Performance
Evaluation
Processes
Control
Organisational Resources
Introduced in COMM1170
9. MA Information for
Decision-making
Lecture Outline
Part I: Topic 0
A. Introduction to ACCT2522
Part II: Administration
A. Assessments
B. Course Resources
C. Approach to Learning and Teaching in this Course
Required Readings
• Course Outline and Additional Information on
Assessments Document
• Available on Moodle
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A. Assessments
For more details, see “ACCT2522
Additional Information on
Assessments T1, 2023”
Non-Assessable
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B. Course Resources
• Course text book
• Langfield-Smith, K., D. Smith, P. Andon, R. W. Hilton and H. Thorne
(2022). Management Accounting: Information for Managing and
Creating Value, 8th ed, McGraw-Hill Australia Pty Ltd.
• Supplementary readings
• You will be informed about any supplementary readings in
lectures/tutorials and
• Moodle ebooks are available on Moodle; or
• a soft copy will be placed on Moodle
• Reading materials, lecture and tutorial materials are all
assessable.
• Moodle
• Lecture/tutorial materials (and includes lecture recordings)
• Read latest announcements
• Podcast lecture on how to answer discussion
questions
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C. Approach to Learning and Teaching
in this Course
• Lectures
• Tutorials (“Lagging lectures by a week”)
• Read prescribed readings
• Attempt interactive pre-practice tutorial questions
• Attempt the tutorial questions
• Solutions to calculative questions (only) are available on
Moodle one week after the tutorial
• No mobile phone (but exceptions)
• Tutorial enrolment problems
• All enquires to contact Business School Student
centre by submitting an online form on:
www.business.unsw.edu.au/requests
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In Moodle!