Course Title: Management Accounting and Business

Part A: Course Overview

Course Title: Management Accounting and Business

Credit Points: 12

Course Code




Learning Mode

Teaching Period(s)


City Campus


615H Accounting


Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2011,
Sem 1 2012,
Sem 2 2012,
Sem 2 2013,
Sem 1 2014,
Sem 2 2014,
Sem 1 2015,
Sem 2 2015,
Sem 1 2016,
Sem 1 2017


Kolej Metropolitan


615H Accounting


Offsh 3 09,
Offsh 1 10,
Offsh 3 10,
Offsh 1 11,
Offsh 3 11


Singapore Inst of Management


615H Accounting


Offsh 3 09,
Offsh 1 10,
Offsh 3 10,
Offsh 1 11,
Offsh 3 11,
Offsh1 12,
Offsh3 12,
Offsh3 13,
Offsh1 14,
Offsh3 14,
Offsh1 15,
Offsh3 15,
Offsh1 16,
Offsh3 16,
Offsh1 17


Malaysia Institute of Managemt


615H Accounting


Offsh 1 10


RMIT University Vietnam


615H Accounting


Viet2 2007,
Viet3 2007,
Viet1 2008,
Viet2 2008,
Viet3 2008,
Viet1 2009,
Viet2 2009,
Viet3 2009,
Viet1 2010,
Viet2 2010,
Viet3 2010,
Viet1 2011,
Viet2 2011,
Viet1 2012,
Viet2 2012,
Viet3 2012,
Viet1 2013,
Viet2 2013,
Viet1 2014,
Viet2 2014,
Viet3 2014,
Viet1 2015,
Viet2 2015,
Viet3 2015,
Viet1 2016,
Viet2 2016,
Viet3 2016,
Viet1 2017


Universitas Pelita Harapan


615H Accounting


Offsh1 16,
Offsh1 17

Course Coordinator: Dr Sarath Ukwatte

Course Coordinator Phone: +61 3 9925 5763

Course Coordinator Email:

Course Coordinator Location: Level 11, Building 80, Swanston Street, Melbourne

Pre-requisite Courses and Assumed Knowledge and Capabilities

It is assumed that you have an appreciation of fundamental accounting concepts and practices.

You are advised to follow the sequence of courses in the degree structure

Course Description

This course highlights the role of management accounting. It provides an introduction to the key methods used by accountants when providing management accounting information for a variety of planning and strategic decisions.

This course is based on both the theory and practice of management accounting. You will be assisted in developing skills for conceptualising management accounting issues in a variety of organisational contexts. You will be encouraged to develop practical skills in areas of budgeting and planning for short-term operations. In addition, you will develop the skills to contribute theoretical insights to management accounting data to support long-term strategic decisions.

Objectives/Learning Outcomes/Capability Development


On successful completion of this course you will be able to:

  1. Identify the industry environment in which a company operates, the value-chain participants and associated activities.
  2. Identify, compile and analyse accounting data for the management team to make decisions.
  3. Apply management accounting skills in different organisational contexts.
  4. Prepare budgets for short-term operational plans and longer-term strategic capital investments.
  5. Evaluate and make assumptions about pricing business and operating plans and recognise the trade-offs required’ if different courses of action are taken.
  6. Identify and appraise business risks faced by organisations and propose ways to manage these risks.
  7. Construct budgets and financial performance measurement systems using spreadsheets and associated formulas.
  8. Communicate and collaborate with other organisational experts to express group ideas and collective decisions related to budgets and financial performance measurement systems.

Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.

Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Blackboard. These may include topic notes and slides, a study schedule, assessment details, links to relevant internet information, readings and communication tools to facilitate collaboration with your peers and sharing of information.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT library website.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.

This course includes a Work Integrated Learning (WIL) experience in which your knowledge and skills will be applied and assessed in a real simulated workplace context and where feedback from industry and/or community is integral to your experience.

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20%
Linked CLOs:1, 2, 3, 4, 5, 6, 7, 8

Assessment Task 2: 30%
Linked CLOs: 1, 2, 3, 4, 5

Final Exam: 50%
Linked CLOs: 1, 2, 3, 4, 5, 6

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.