Unit Outline*
ACCT8633
Accounting for Planning and Control
Semester 1, 2011
Crawley
Professor Vincent K Chong
Business School
www.business.uwa.edu.au
* This Unit Outline should be read in conjunction with the Business School Unit Outline
Supplement
available
on
the
Current
Students
web
site
http://www.business.uwa.edu.au/students
ACCT8633/Crawley/VC/14.02.11.
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© The University of Western Australia 2011
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UNIT DESCRIPTION
Introduction
Welcome to ACCT8633 Accounting for Planning and Control. The aim of this unit is to
introduce the use of management accounting information for planning, control and decision
making within business organizations. The major topics covered in this unit include cost
terms and cost accumulation systems, tools for decision making such as cost profit-volume
analysis, budgeting, variance analysis, performance evaluation, and compensation issues.
Unit content
This unit covers three principal areas. The first is cost accounting fundamentals. This section
includes introduction to cost terms and cost accumulation systems. The second section is
tools for planning and control. It includes master budget, flexible budgets, variances and
management control, inventory costing and capacity analysis. The last section is cost
information for decisions and advanced topics in management accounting. Topics in this
section include cost-volume-profit analysis, decision-making and relevant information,
strategic cost, time, quality and strategic pricing.
The goal of the unit
ACCT8633 has two goals. The first is to develop your ability to understand, interpret and
use management accounting information for planning, control and decision-making. The
second is to develop your awareness of the basis for preparation and the strategic use of
management accounting information.
Learning outcomes
On completion of this unit, you should be able to:
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Explain the different types of cost terms and purposes;
Employ various cost-accumulation systems including job-order costing and activitybased costing;
Apply various planning and control techniques;
Prepare the operating budget and its supporting schedules;
Compute and interpret various variances including direct-cost and overhead-cost
variances;
Use various pricing approaches including cost-plus and target costing;
Develop familiarity with the concepts of strategy and balanced scorecard.
Educational principles and graduate attributes
In this unit, you will be encouraged and facilitated to develop the ability and desire to:
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Critically evaluate and solve managerial accounting problems;
Demonstrate an ability to work effectively in both independent and team situation;
Think and reason logically and creatively;
Undertake problem identification, analysis and solution.
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TEACHING AND LEARNING RESPONSIBILITIES
Teaching and learning strategies
The seminars in this unit are interactive. Students are grouped into teams of 4 people for
seminar activities and a team project. The primary objective of using teams is to encourage
students to develop a life-long learning skill such as learning to learn via peer and self-teaching
and learning. In each seminar session, students are encouraged to actively participation in
seminar activities. The goal is to foster a learning environment where all students feel
comfortable in asking questions where they require clarification about an issue or concept.
Teaching and learning evaluation
You may be asked to complete two evaluations during this unit. The Student Perception of
Teaching (SPOT) and the Students’ Unit Reflective Feedback (SURF). The SPOT is optional
and is an evaluation of the lecturer and the unit. The SURF is completed online and is a
university wide survey and deals only with the unit. You will receive an email from the SURF
office inviting you to complete the SURF when it is activated. We encourage you to
complete the forms as your feedback is extremely important and can be used to make
changes to the unit or lecturing style when appropriate.
Attendance
Participation in class, whether it be listening to a lecture or getting involved in other
activities, is an important part of the learning process, therefore it is important that you
attend classes. More formally, the University regulations state that ‘to complete a course or
unit students shall attend prescribed classes, lectures, seminars and tutorials’. Where a
student, due to exceptional circumstances, is unable to attend a scheduled class, they are
required to obtain prior approval of the unit coordinator to be absent from that class. Any
student absent from class without having had such absence approved by the unit coordinator
may be referred to the faculty for advice and may be required to withdraw from the unit.
CONTACT DETAILS
We strongly advise students to regularly access their student email accounts. Important
information regarding the unit is often communicated by email and will not be automatically
forwarded to private email addresses.
Unit coordinator/lecturer
Name:
Email:
Phone:
Consultation hours:
Professor Vincent K Chong
Vincent.Chong@uwa.edu.au
08 6488 2914
TBA
Monday, 5:00pm-8:00pm
Lecture times:
Wednesday, 2:00pm-5:00pm
Monday, BUSN: 242
Lecture venue:
Wednesday, ZOO: LT
TEXTBOOK(S) & RESOURCES
Recommended/required text(s)
•
Horngren, C. T., Datar, S. M., Foster, G., Rajan, M., and Ittner, C. (2008). Cost
Accounting: A Managerial Emphasis, 13th Edition, Prentice Hall, Upper Saddle River.
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•
Horngren, C. T., Datar, S. M., Foster, G., Rajan, M., and Ittner, C. (2008). Student’s
Solutions Manual, Cost Accounting: A Managerial Emphasis, 13th Edition, Prentice-Hall,
Upper Saddle River.
Additional seminar/lecture notes and other materials may be provided.
UNIT SCHEDULE
HORNGREN, DATAR, FOSTER,
RAJAN & ITTNER (2008)
Week
Date: Week
Commencing
1
28 February
Topics
Introduction to the Unit
2
7 March
The Role of Accountants in the
Organization; Cost Classifications &
Purposes
Cost-Volume-Profit Analysis
3
14 March
Overview of Job Costing System
4
21 March
Job Costing System; Allocating Overhead
to Jobs; Activity-Based Costing (ABC)
5
28 March
Quiz#1
6
4 April
7
11 April
8
18 April
9
25-29 April
2 May
10
9 May
11
16 May
12
23 May
13
30 May
The Master Budget and Responsibility
Accounting
Flexible Budgets, Standard Costs and
Variance Analysis: Direct-Cost Variances
Mid-semester exam
(Date and Venue to be advised)
Non-teaching study break
Flexible Budgets, Standard Costs and
Variance
Analysis:
Overhead
Cost
Variances
Inventory
Costing:
Variable
and
Absorption Costing
Quiz#2
Reading
Chapters
Self-Study
Questions
1&2
3
4
4&5
1-4; 1-8; 1-16; 1-20; 1-24.
2-6; 2-18; 2-20; 2-34.
3-16; 3-18; 3-20; 3-36.
4-18; 4-20; 4-24; 4-26.
5-18; 5-26; 5-32; 5-36;
5-38.
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7
6-22; 6-26; 6-30; 6-32.
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7-18; 7-20; 7-22; 7-30.
9
8-16; 8-20; 8-22.
The Use of Cost Information for Decision
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Making
Pricing Decisions & Cost Management
12 & 13 [pp.
462-473]
Strategy and Balance Scorecard
9-16; 9-20; 9-22.
11-16; 11-22; 11-26;
12-16; 12-28; 12-32;
13-6; 13-8; 13-18; 13-22;
13-26; 13-34.
ASSESSMENT MECHANISM
The purpose of assessment
There are a number of reasons for having assessable tasks as part of an academic program.
The assessable tasks are designed to encourage you to explore and understand the subject
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more fully. The fact that we grade your work provides you an indication of how much you
have achieved. Providing feedback on your work also serves as part of the learning process.
Assessment mechanism summary
Item
Weight
Seminar Activities
10%
Quizzes #1 & #2
20%
Mid-semester exam
30%
Final exam
40%
Total
100%
Note 1:
Note 2:
Results may be subject to scaling and standardisation under faculty policy and
are not necessarily the sum of the component parts.
Your assessed work may also be used for quality assurance purposes, such as to
assess the level of achievement of learning outcomes as required for
accreditation and audit purposes. The findings may be used to inform changes
aimed at improving the quality of Business School programs. All material used
for such processes will be treated as confidential, and the outcome will not
affect your grade for the unit.
Assessment components
Seminar Activities (10%)
Seminar activities consist of questions which will be discussed in each seminar session. These
questions consist of multiple-choice types, problem-type questions and/or cases, and will be
handed out only at the beginning of each seminar session. Students will be grouped into
teams of 3 people for seminar activities. These teams will remain fixed for the semester.
The aims of these seminar activities are to give you an opportunity to improve your
understanding and technical competence and to develop your generic skills in the following
areas: critical thinking, problem-solving, communication and interpersonal.
The assessment of your seminar activities performance will be determined based on your
active participation and contribution in seminar activities.
In addition, self-study questions are assigned each week. These questions will not be discussed in
each seminar session.
Quiz#1 (10%) & Quiz#2 (10%)
Quizzes #1 and #2 will comprise both theoretical and practical questions and are designed
to assess your understanding of management accounting concepts and techniques. The
materials cover in Quiz#1 will be drawn from the seminar topics covered in weeks 1 to 4;
while the materials cover in Quiz#2 will be drawn from the seminar topics covered in weeks
7 to 9 inclusive. More details will be provided.
Mid-semester examination (30%)
The mid-semester examination will comprise both theoretical and practical questions. The
materials cover in the mid-semester examination will be drawn from the seminar topics
covered in weeks 1 to 6. It will be in week commencing 18 April 2011. More details will be
provided.
Please note that no seminars are scheduled in the week commencing 18 April 2011.
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Final examination (40%)
The final exam will comprise both theoretical and practical questions. The materials cover
in the final examination will be drawn from the seminar topics covered in weeks 7 to 13.
More details will be provided.
Submission of assignments
• Seminar activities and quizzes will be submitted at the end of session
Student Guild
Phone: (+61 8) 6488 2295
Facsimile: (+61 8) 6488 1041
E-mail: enquiries@guild.uwa.edu.au
Website: http://www.guild.uwa.edu.au
Charter of Student Rights and Responsibilities
The Charter of Student Rights and Responsibilities outlines the fundamental rights and
responsibilities of students who undertake their education at UWA (refer
http://handbooks.uwa.edu.au/undergraduate/poliproc/policies/StudentRights).
Appeals against academic assessment
The University provides the opportunity for students to lodge an appeal against assessment
results and/or progress status
(refer http://www.secretariat.uwa.edu.au/home/policies/appeals).
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