Course outline
Code: ACC701
Title: Accounting for Managers
Faculty of Arts and Business
School of Business
Teaching Session: Semester 2
Year: 2015
Course Coordinator:
Dr Greg Laing
Office No:
K1.31
Phone No:
+61 5459 4675
Email:
glaing@usc.edu.au
Consultation Times:
As advised on Blackboard
1.
What is this course about?
1.1
Course description
This course aims to provide you with an understanding of how managers can interpret and utilise external
and internal reporting information for decision making while considering implications of the international
accounting standards, corporate governance, ethics and the environment. Specific topics include: elements
of financial statements; techniques for analysing and interpreting financial statements; product costing;
cost-volume-profit analysis; annual and capital budgeting; transfer pricing; and performance measurement
systems.
1.2
Course content
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the accounting information system, corporate governance, and reporting initiatives
introducing accounting streams
the financial reporting framework
governance, auditors and their opinions
how accountants measure and report information to external users through
income statement ,Balance Sheet, and cash flow statements
introducing financial ratios and financial statement analysis
identifying Cost Concepts and Analysis and Understanding the role of internal management
reporting
introducing product costing as well as Cost behaviour and Cost Volume Profit (CVP) analysis
planning and Controlling for Decision-Making, exchange rate risk management and domestic and
international transfer pricing for Responsibility Centres
capital investment and management of political and exchange rate risks
the budgeting process
performance measures and the international balanced scorecard
2.
12 units
Unit value
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Course Outline: ACC701 Accounting for Managers
3.
How does this course contribute to my learning?
Specific Learning Outcomes
On successful completion of
this course you should be able
to:
Analyse the impact of
diversity of regulation on
accounting concepts and
methods.
Analyse the complexities of
corporate governance and its
impact on business.
Discuss the internal
management reporting
functions and the impact of
business globalisation.
Analyse financial reports,
specifically the balance sheet,
income statement and
statement of cash flows.
Identify and apply to
management decision-making
the different types of product
and process costs as well as
short-term and long-term
planning.
4.
Assessment Tasks
Graduate Qualities
You will be assessed on the
learning outcome in task/s:
Completing these tasks successfully
will contribute to you becoming:
1 and 3
Creative and critical thinkers.
1 and 3
Creative and critical thinkers.
2 and 3
Empowered.
1 and 3
Knowledgeable.
2 and 3
Knowledgeable.
Am I eligible to enrol in this course?
Refer to the Coursework Programs and Awards - Academic Policy for definitions of “pre-requisites, corequisites and anti-requisites”
4.1
Enrolment restrictions
Must be enrolled in a Postgraduate program
4.2
Pre-requisites
Nil
4.3
Co-requisites
Nil
4.4
Anti-requisites
MBA705 and MBA717 or EMB755 and EMB767
4.5
N/A
Specific assumed prior knowledge and skills
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Course Outline: ACC701 Accounting for Managers
5.
How am I going to be assessed?
5.1
Grading scale
Standard – High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL)
5.2
Assessment tasks
Task
No.
Assessment
Tasks
1
2
3
Quiz
Case study
Take home
examination
Individual or Weighting
Group
%
Individual
Individual
Individual
25%
25%
50%
What is the
duration /
length?
30 minutes
2500 words
N/A
When should I
submit?
Where should
I submit it?
Week 4
Week 9
Week 13,
Monday,
5.00pm AEST
Blackboard
SafeAssign
SafeAssign
100%
Assessment Task 1: Quiz
Goal:
The aim is for you to use critical thinking to identify, analyse and solve problems; to
show that you understand and can interpret commerce-related knowledge and
information and apply such knowledge.
Product: Quiz
Format:
This is an individual assessment to be completed online through Blackboard.
Criteria
You will be assessed on your ability to recall and apply the material covered in the
course to that date.
Generic skill assessed
Skill assessment level
Information literacy
Developing
Problem Solving
Developing
Assessment Task 2: Case study
Goal:
Product:
Format:
In this assessment, you will conduct comparative analyses within an internal
management reporting system.
Case study.
You will prepare a report (maximum of 2500 words) which will analyse specific issues in
the case. The case study will be available in a PDF file course Blackboard site.
Your report will have a maximum of 2500 words. For the report, you should assume the
following business relationships and produce a business (formal) report.
Criteria
You will be assessed on the:
 quality of the discussion of the internal management reporting functions and
the impact of business globalisation
 clarity of application of management decision-making to the different types of
product and process costs as well as short-term and long-term planning
 quality of presentation
Generic skill assessed
Skill assessment level
Problem solving
Developing
Communication
Developing
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Course Outline: ACC701 Accounting for Managers
Assessment Task 3: Take home examination
Goal:
In this assessment, you will demonstrate your understanding of several specific issues
addressed in the course.
Product: Task home examination.
Format:
You will prepare answers to the specific questions asked in the assessment task and will
complete the final assessment task by electronic/computer mode. This assessment will
be an open book assessment. Instructions with respect to the task will be provided on
the course Blackboard site.
Criteria
You will be assessed on the:
 clarity of analysis of the impact of diversity of regulation on accounting concepts
and methods
 quality of discussion corporate governance and its impact on business
 quality of analysis of financial reports
 quality of discussion of the internal management reporting functions and the
impact of business globalisation
 clarity of application of management decision-making to the different types of
product and process costs as well as short-term and long-term planning
Generic skill assessed AQF 9
Skill assessment level
Problem solving
Developing
Communication
Developing
5.3
Additional assessment requirements
SafeAssign
In order to minimise incidents of plagiarism and collusion, this course may require that some of its
assessment tasks are submitted electronically via SafeAssign. This software allows for text comparisons to
be made between your submitted assessment item and all other work that SafeAssign has access to. If
required, details of how to submit via SafeAssign will be provided on the Blackboard site of the course.
Eligibility for Supplementary Assessment
Your eligibility for supplementary assessment in a course is dependent of the following conditions applying:
a) The final mark is in the percentage range 47% to 49.4%
b) The course is graded using the Standard Grading scale
c) You have not failed an assessment task in the course due to academic misconduct
5.4
Submission penalties
Late submission of assessment tasks will be penalised at the following maximum rate:
 5% (of the assessment task’s identified value) per day for the first two days from the date identified
as the due date for the assessment task.
 10% (of the assessment task’s identified value) for the third day
 20% (of the assessment task’s identified value) for the fourth day and subsequent days up to and
including seven days from the date identified as the due date for the assessment task.
 A result of zero is awarded for an assessment task submitted after seven days from the date
identified as the due date for the assessment task.
Weekdays and weekends are included in the calculation of days late. To request an extension you must
contact your course coordinator to negotiate an outcome.
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Course Outline: ACC701 Accounting for Managers
6. How is the course offered?
6.1
Directed study hours
On campus Workshop: 3 hours per week
This course is also offered online.
6.2
Teaching semester/session(s) offered
Semester 2
6.3
Course activities
Teaching
Week /
Module
What key concepts/content will I
learn?
1
Module 1: The Accounting
Information System, Corporate
Governance, and Reporting
Initiatives
Introduction to accounting
The financial reporting framework
Governance, auditors and their
opinions
Module 2: How Accountants
Measure and Report Information to
External Users
Measurement of profit
Income Statement
2
3
Module 2: How Accountants
Measure and Report Information to
External Users (Continued)
Balance Sheet
Cash flow statements
4
Introduction to financial ratios and
financial statement analysis
What activities will I engage in to learn the
concepts/content?
Directed Study
Independent Study
Activities
Activities
Workshop with
group discussion
about selected
questions, problems
and case studies
from the text and ereadings.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
Workshop with
group discussion
about selected
questions, problems,
and ABC learning
failure case study
from the text, ereadings, and
YouTube video.
Workshop with
group discussion
about selected
questions, problems,
and ABC learning
failure case study
from the text, ereadings, and
YouTube video.
Workshop with
group discussion
about selected
questions, problems
and case studies
from the text.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
Page 6
Course Outline: ACC701 Accounting for Managers
5
6
7
8
9
10
Monday, 5th
October
Labour Day
Public
Holiday
11
12
Introduction to financial ratios and
financial statement analysis
continued
Workshop with
group discussion
about selected
questions, problems
and case studies
from the text.
Module 3: Cost Concepts and
Workshop with
Analysis Understanding the role of
group discussion
internal management reporting
about selected
questions, problems
and case studies
from the text.
An introduction to product costing
Workshop with
group discussion
about selected
questions, problems
and case studies
from the text.
Cost behaviour and Cost Volume
Workshop with
Profit (CVP) analysis
group discussion
about selected
questions, problems
and case studies
from the text.
Module 4: Planning and Controls for Workshop with
Decision-Making
group discussion
Exchange rate risk management and
about selected
domestic and international transfer
questions, problems
pricing for Responsibility Centres
and case studies
from the e-readings
Mid Semester Break
Capital investment and management Workshop with
of political and exchange rate risks
group discussion
about selected
questions, problems
and case studies
from the text and ereadings
The budgeting process
Workshop with
group discussion
about selected
questions, problems
and case studies
from the text.
Performance measures and the
Workshop with
international balanced scorecard
group discussion
Revision and Final assessment due
about selected
questions, problems
and case studies
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
A list of chapter
readings and problems
for discussion and
analysis will be
provided on
Blackboard.
Page 7
Course Outline: ACC701 Accounting for Managers
from the text and ereadings
Please note that the course activities may be subject to variation.
7. What resources do I need to undertake this course?
7.1
Prescribed text(s)
Please note that you need to have regular access to the resource(s) listed below:
Author
Year
Title
Publisher
Hancock, P., Robinson,P.,
2014
Contemporary Accounting, CENGAGE, Vic: Australia.
Bazley,M.
“A Strategic Approach For
Users” 9th Edition
7.2
Required and recommended readings
Lists of required and recommended readings may be found for this course on its Blackboard site. These
materials/readings will assist you in preparing for tutorials and assignments, and will provide further
information regarding particular aspects of your course.
7.3
Specific requirements
N/A
7.4
Risk management
There is minimal health and safety risk in this course. It is your responsibility to familiarise yourself with the
Health and Safety policies and procedures applicable within campus areas.
8.
How can I obtain help with my studies?
In the first instance you should contact your Course Coordinator. Student Life and Learning provides
additional assistance to all students through Peer Advisors and Academic Skills Advisors. You can drop in or
book an appointment. To book: Tel: +61 7 5430 1226 or Email: StudentLifeandLearning@usc.edu.au
9.
Links to relevant University policies and procedures
For more information on Academic Learning & Teaching categories including:
 Assessment: Courses and Coursework Programs
 Review of Assessment and Final Grades
 Supplementary Assessment
 Administration of Central Examinations
 Deferred Examinations
 Student Academic Misconduct
 Students with a Disability
http://www.usc.edu.au/university/governance-and-executive/policies-and-procedures#academic-learningand-teaching
10. Faculty specific information
Locating Journal Articles
If you have been notified that the journal articles in this course are available on e-reserve, use the on-line
library catalogue to find them. For journal articles not on e-reserve, click on the "Journals and Newspapers"
link on the Library Homepage. Enter the journal title e.g. History Australia, then search for the volume and
issue or keyword as needed.
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Course Outline: ACC701 Accounting for Managers
Assignment Cover Sheets
The Faculty of Arts and Business assignment cover sheet can be found on Blackboard or on the USC Portal
at: Faculty of Arts and Business (Students) > Forms. It must be completed in full identifying student name,
assignment topic, tutor and tutorial time. This must be attached securely to the front of each assessment
item prior to submission. Claims of loss of assignments will not be considered unless supported by a
receipt.
Help: If you are experiencing problems with your studies or academic work, consult your tutor in the first
instance or the Course Coordinator as quickly as possible.
Difficulties: If you are experiencing difficulties relating to teaching and assessment you should approach
your tutor in the first instance. If not satisfied after that you should approach in order your Course
Coordinator, Program Coordinator then Head of School.
General enquiries and student support
Faculty Student Centre
Tel: +61 7 5430 1259
Fax: +61 7 5430 2859
Email: FABinfo@usc.edu.au