ACW2220 - Unit Guide 2020 Semester 1 PDF

Preview

Summary

The unit guide describes learning objectives, lecture and tutorial schedules and assignments for the year....

Description



Unit Guide 

ACW2220 Management accounting 1 Semester 1, 2020 

We acknowledge and pay respects to the Traditional Owners and Elders -past, present and emerging - of the lands and waters on whichMonash Universityoperates.   Handbook link: http://monash.edu.au/pubs/2020handbooks/units/ACW2220.html The information contained in this unit guide is correct at time of publication. The University has the right to change any of the elements contained in this document at any time.

Last updated:27 Feb 2020

1

Table of contents Unit handbook information

4

Synopsis

4

Mode of delivery

4

Workload requirements

4

Class Timetable

4

Unit relationships

4

Prerequisites

4

Prohibitions

4

Co-requisites

4

Enrolment rules

4

Chief Examiner

5

Unit Coordinator(s)

5

Teaching associates

5

Academic overview

5

Unit learning outcomes

5

Teaching approach

6

Recording of lectures Unit schedule Assessment summary

6 8 9

Second marking

9

Return of final marks

9

Exam viewing

9

Assessment criteria

9

Assessment requirements

10

Hurdle requirement

10

Assessment tasks

10

Final Examination

12

Referencing requirements

13

Feedback

13

Learning resources

14

Required resources

14

Technological requirements

14

Q Manual

14

Prescribed text and readings

15

Recommended resources

15

2

Other information

15

Policies

15

Student Academic Integrity Policy

16

Special Consideration

16

Graduate Attributes Policy

16

Student Charter

16

Student Services

16

Monash University Library

16

Disability Support Services

16

3

Unit handbook information Synopsis This introductory management accounting unit focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision-making. Topics include: costs and cost behaviour, product costing, cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.

Mode of delivery Malaysia (On-campus)

Workload requirements Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Class Timetable Follow thislinkto view the scheduled times for your unit's learning activities for this teaching period.

Unit relationships 

Prerequisites ACC1100 or ACF1100 or ACW1120 or ACB1120

Prohibitions ACB2220 or ACC2200 or ACF2200

Co-requisites None

Enrolment rules None

4

Chief Examiner Name:DrAnizaZainol Campus:Malaysia Phone:+60 3 5514 6369 Email:[email protected]

Unit Coordinator(s) Name:DrAnizaZainol Campus:Malaysia Email:[email protected] Phone:+60 3 5514 6369 Name:DrLimChee Ming Campus:Monash University Malaysia Email:[email protected] Phone:03 55159751

Teaching associates Name:MrThayanandahSenathirajah Campus:Monash University Malaysia Phone: Email:[email protected] 

Academic overview Unit learning outcomes On successful completion of this unit, you should be able to: 1. classify costs dependent on the context and purpose of related decisions 2. analyse cost behaviour and estimate costs

3. design, use and evaluate costing systems 4. analyse and use cost information relevant to decision-making

5

5. develop written communication skills; and apply critical thinking and problem solving skills to demonstrate the acquisition of a comprehensive knowledge of the topics covered in ACW2220.

Teaching approach This unit will be taught as a two-hour lecture and one-hour tutorial each week for 12 weeks. The lecture sessions will cover significant points of the topics (see Unit Schedule) and may be used to discuss a number of the set problems. It is not intended that the staff member will cover every aspects of each topic, but rather provide a framework of the important theoretical concepts and practical issues. Given this framework, students are expected to attend all lecture and tutorial sessions and participate actively. In order to participate and gain maximum benefits from the sessions, all tutorial questions set for each week, are to be attempted before the tutorial for that week. At times in the lecture and tutorial sessions, the staff members will invite students to raise and discuss relevant issues and areas of concern. Students should take this opportunity, particularly in tutorials to clarify areas of difficulty and to contribute actively to the discussion of the model answers to the set of weekly questions. Students are expected to spend additional private study time and access the recommended readings, which are listed in this guide. In addition to the recommended readings and sets of weekly questions, a number of past examinations, together with model answers, are provided on MOODLE. These resources enable students to develop a mastery of the topics covered by the unit. To ensure a high probability of completing this unit successfully, students need to approach it in a systematic way. At a minimum this should involve:

● ● ● ● ●

reading the prescribed material prior to the session; preparing solutions to each set of questions prior to the sessions; attending sessions and participating in discussions of model answers; reviewing material from other references from time to time; and attempting relevant past examination questions.

Students should note that this is a demanding unit. Successful completion of this unit is dependent on mastering the various concepts and techniques presented and will require all of the time commitment outlined. Students will be provided with Powerpoints, pre-reading materials, and alternative reading textbooks in the MOODLE. Alternatively, they can meet the staff members for consultation.



Recording of lectures 6

This unit will have lectures recorded. These recordings will be available to current students. In the event that there is an equipment failure and the lecture is not recorded in part or in full, no alternative recording will be provided. The Chief Examiner may determine a part or parts of lecture unsuitable for recording.

7

Unit schedule For units with on-campus classes, teaching activities are normally scheduled to start on the hour (teaching will commence on the hour and conclude 10 minutes prior to the scheduled end time). Students should note that the program outlined below is a guide to the material to be covered in this unit and not a definitive statement of when that material will be covered. Specific details relating to the timing will be discussed in class.

Week

Topics

Assessment

0

Orientation Week

In week 2 to 12 students' engagement at lectur and tutorial preparation and participation will be assessed

1

The Manager and Management Accounting Read: Chapter 1

Tutorial questions Week 1 will be posted on MOODLE.

2

An Introduction to Cost Terms and Concepts Read: Chapter 2

Tutorial questions Week 2 will be posted on MOODLE.

3

Determining How Costs Behave Read: Chapter 10

Tutorial questions Week 3 will be posted on MOODLE.

4

Job Costing Read: Chapter 4

Tutorial questions Week 4 will be posted on MOODLE.

5

Process Costing and Spoilage Read: Chapter 17 and 18

Tutorial questions Week 5 will be posted on MOODLE.

6

Allocation of Support Department Costs Read: Chapter 15

Tutorial questions Week 6 will be posted on MOODLE.

7

Activity-Based Costing Read: Chapter 5

Tutorial questions Week 7 will be posted on MOODLE.

8

Absorption and Marginal Costing Read: Chapter 9

Tutorial questions Week 8 will be posted on MOODLE.

9

Cost-Volume-Profit Analysis Read: Chapter 3

Tutorial questions Week 9 will be posted on MOODLE.

10

Decision Making and Relevant Information Read: Chapter 11

Tutorial questions Week 10 will be posted on MOODLE.

11

Pricing Decisions Read: Chapter 13

Tutorial questions Week 11 will be posted on MOODLE.

12

New Directions in Management Accounting Research and Revision of Entire Unit Materials. Readings will be provided.

Tutorial questions Week 12 will be posted on MOODLE.

Examination Period

Link to Assessment Policy: http://policy.monas edu.au/policy-bank/academic/education /assessment/unit-assessment-procedured.htm

8

Assessment summary Within semester assessment: 40% + Examination: 60% This unit contains a hurdle requirement that you must achieve to be able to pass the unit. The consequence of not achieving a hurdle requirement is a fail grade (NH) and a maximum mark of 45 for the unit.  Assessment task

Value

Due date

Individual Assignment

10%

Tuesday, May 12 before 5 pm

Tests

20%

Week 6 and Week 10

Tutorial Preparation and Participation

10%

Continuous (Week 2 to 12)

Final Examination

60%

To be advised

A student’s final mark is normally the sum of the marks obtained in all of the individual assessment items in the unit.

Second marking In the Faculty of Business and Economics, all of the following assessment items graded as a fail by the first marker are blind marked by a second marker: ● ●

examination papers in-semester assessment items worth 20% or more

Return of final marks Faculty policy states that 'the final mark that a student receives for a unit will be determined by the Board of Examiners taking into account all aspects of assessment'. The final mark for this unit will be released by the Board of Examiners on the date nominated in the Faculty Calendar. Student results will be accessible through the my.monash portal.

Exam viewing Feedback on student performance in examinations and other end-of-semester assessment is required. The feedback should be in accordance with the University's procedures on Unit Assessment. Details of the examination script viewing arrangements set down by the Faculty of Business and Economics are available athttps://www.monash.edu/business/current-students /exams-and-results/exam-performance-and-feedback

Assessment criteria 9

Assessment Criteria Grading Descriptors available at: https://www.monash.edu/__data/assets/pdf_file/0006/801690/Assessment-in-Coursework-UnitsGrading-and-Marking-Procedures.pdf

Assessment requirements Hurdle requirement This unit has a threshold mark hurdle, which means you must achieve at least 45% of the available marks in the Final Exam/Final Major Assessment Task to be able to pass the unit. If you do not achieve the threshold mark, you will receive a fail grade (NH) and a maximum mark of 45 for the unit.

Assessment tasks Assessment task title:Individual Assignment Due Date: Date:Tuesday, May 12 before 5 pm Weighting/Value: Weighting/Value:10% Details of Task: This is an individual assignment. It will be assessed based on the written report. Release date: A detailed guide about this assessment task will be availed on Moodle by Week 3 Word limit: 800 words Presentation requirements: Works submitted for assessment must be consistent with the guidelines set down in the Q Manual, which is the faculty's student guide for producing quality work on time. Marks may be deducted where in-text citations and/or the reference list is not consistent with the American Psychological Association (APA) style, which is illustrated in the Q Manual. Estimated return date: Marked assignments will be returned to you at the end of Week 12. Criteria for marking: This assessment task will be assessed on the written report. See the assignment folder on Moodle for the task details and assessment criteria. Learning objectives assessed: This assessment task is designed to test your achievement of learning objectives 1 to 5. Submission details: Assignments should be submitted via the department assignment box, located at Level 5B, Building 6, School of Business, Penalties for late lodgement: A penalty of 10% of total mark allocated to this assessment will be deducted for each day, or part thereof, that the assignment is late. Assessment coversheet: Work submitted for assessment must be accompanied by a complete and signed assignment cover sheet. Additional information: information:Extension of time: Applications for an extension of time allocated to in-semester assessment task must be made by completing the application form. The application form must be submitted to the Chief Examiner for consideration no later than two university working days after the due date.

10

Assessment task title: title:Tests Tests Due Date: Date:Week 6 and Week 10 Weighting/Value: Weighting/Value:20% Details of Task: This assessment consists of a closed-book test. The date, time and location of the test will be advised in the first lecture. The test will consist of both short answer and essay questions, based on Topic 1 to 4 (Test 1: Week 6) and Topic 5 to 8 (Test 2: Week 10).

Release date: Not applicable. Word limit: Not applicable. Presentation requirements: Not applicable. Estimated return date: Marks will be made available to students in Week 12 Criteria for marking: The accuracy of the answer from the theoretical point of view will be used to assess this task. Learning objectives assessed: This assessment task is designed to test your achievement of learning objectives 1 to 5. Submission details: Not applicable. Penalties for late lodgement: Not applicable. Assessment coversheet: Not appicable. Additional information: information:Special consideration for in-semester tests If an application for special consideration is received within two full days after in-semester tests and only in exceptional circumstances (i.e. with the submission of in-semester special consideration form by the Chief Examiner with appropriate supporting documents, for example, a medical certificate) will students be allowed for a make-up test. You will be required to take the test prior to the examination period.

Assessment task title:Tutorial Preparation and Participation Due Date: Date:Continuous (Week 2 to 12) Weighting/Value: Weighting/Value:10% Details of Task: There is no participation in tutorials without attendance and just attendance is not necessarily participation. Students' attendance will be recorded by staff members on a regular basis. Students are required to come to the tutorial Release date: Not applicable. Word limit: Not applicable. Presentation requirements: Not applicable. Estimated return date: Not applicable. Criteria for marking: marking:The following guidelines will be used when determining your preparation and participation mark. Mark

Nature of Contribution - Preparation and Participation

9 - 10

Outstanding Contributor The comments made by you revealed exceptional preparation and the contribution provided a substantive foundation for furthering fruitful class discussions. If you were absent from the class, the tutorial would have lacked the desired student directed learning.

8-6

Good Contributor

11

The comments made by you revealed thorough preparation and your contribution provided some useful insight into the topic. At times you even lead the class discussions. If you were absent from the class, the quality of student initiated debate would have significantly diminished. 5-3

Standard Contributor The comments made by you revealed adequate preparation and at times your contribution aided class discussions. However, your contribution was not consistent. At times the comments you made were well argued and/or persuasive, yet on other occasions they were unsubstantiated and/or illogical. If you were absent from the class, the quality of the student initiated debate would have suffered.

2-1

Poor Contributor You rarely contributed to class discussions, it is extremely difficult to assess your level of preparation and the likely contribution you might have made to the class discussions

0

Non-Contributor The comments made by you revealed a lack of preparation and negatively impacted upon class discussions. Additionally, your contributions failed to provide a constructive lead to class discussions and invariably disrupted the flow of debate.

NB. These guidelines are reproduced here courtesy of Professor John Tyler (Brown University) and Professor Richard Murnane (Harvard University). The professors reproduced these guidelines from another source and the original attribution for these guidelines is unknown.  Learning objectives assessed: This assessment task is designed to test your achievement of leaning objectives 1 to 5. Submission details: Not applicable. Penalties for late lodgement: Not applicable. Assessment coversheet: Not applicable. Additional information: Not applicable.

Final Examination This unit may employ electronic assessment for the final exam. Further det details ails will be provided to you by Week 4 of Semester. Weighting: Weighting:60% Length: 2 hours Type (open/closed book): Closed book Exam details: details: The final exam will be a closed-book examination. All topics covered in lectures and tutorials are examinable including source materials specified in the unit guide and on the unit's Moodle site. This includes prescribed reading and other source materials cited in lectures, tutorials and assessment tasks. Electronic devices allowed in the exam: Calculators are permitted in the exam. The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix). Students are required to purchase their own calculator and are responsible for ensuring the calculator is in good working order and to have a set of spare batteries.

12

Referencing requirements To build your skills in citing and referencing, and using dif...