Course Title: Provide management accounting information

Part B: Course Detail

Teaching Period: Term1 2017

Course Code: ACCT5382C

Course Title: Provide management accounting information

School: 650T Vocational Business Education

Campus: City Campus

Program: C5347 - Diploma of Accounting

Course Contact: Ben Sethia

Course Contact Phone: +61 3 9925 5982

Course Contact Email:

Name and Contact Details of All Other Relevant Staff

Name:    Meetu Aggarwal

Phone:    9925 1621


Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites


Course Description

This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports and review costing systems integrity to calculate and record the costs of products and services.

It applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSACC507 Provide management accounting information


1. Gather and record operating and cost data

Performance Criteria:

1.1 Identify and establish systems to generate operating and cost data
1.2 Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy and procedures


2. Analyse data and assign costs

Performance Criteria:

2.1 Analyse costs and identify cost behaviour characteristics
2.2 Assign costs to specified products, services and organisational units, and reconcile data to ensure calculations are accurate and comply with organisational procedures
2.3 Ensure interpretation of revenues and costs is supported by valid analysis and is consistent with organisation’s business performance objectives


3. Prepare cost reports and budgets

Performance Criteria:

3.1 Obtain cost information advice from all sections of organisation when formulating cost reports and budgets
3.2 Ensure structure and format of budgets are clear and comply with management information requirements and organisational practices


4. Analyse variances and review costing system integrity

Performance Criteria:

4.1 Calculate and analyse variances against budget
4.2 Ensure reports are accurate, comprehensive and comply with management information requirements and organisational practices
4.3 Use variance analysis to review effectiveness of cost assignment processes

Learning Outcomes

Details of Learning Activities


Primarily you will be learning on a face to face basis with the support of an online course site for dissemination of materials and some assessments. Students will be expected to attend four hours of class each week. Students will be introduced to the accounting theory, which will then be supported by practical lllustrations. Students will complete exercises to reinforce their understanding of the material. Solutions will be available on the learning hub.


Your learning experience will be a mix of face to face learning and online. Students will be expected to attend two hour classes every week. Students will be expected to review the notes prior to coming to class. Each class then focus on a demonstration of the practical application of the theory ie case studies. Students will be expected to complete all the exercises in their own time. Solutions will be available on the learning hub.

Teaching Schedule

Induction Session

Prior to training commencement a program level induction session will be conducted that comprises the following:

  • Program overview and requirements
  • MyRMIT/Blackboard
  • Overview of assessment requirements
  • Pre-Training Review including:
    • Recognition of Prior Learning and Credit Transfers
    • Assessment of current skills and knowledge
  • Competency/Grading Criteria
  • Plagiarism
  • Appeals
  • Extensions
  • Feedback
  • Privacy
  • Submission requirements
  • Resubmission policy
  • Where to get support
  • Student responsibilities 

 FULL TIME STUDENTS- The Teaching Schedule for this course is as follows but please note that it is subject to change.



Week Beginning


Class assessments

Assessments to be completed in your own time



Introduction to course including course guide, RPLs and use of Blackboard.


Introduction to Management Accounting- Chapter 1

Exercises Q1 to Q7






Cost Behaviour- Absorption and Variable Costing- Chapter 3

Exercises Q1 to Q13, Q16 to Q18






Cost Behaviour- Absorption and Variable Costing- Chapter 3

Exercises Q1 to Q13, Q16 to Q18






Activity Based Costing- Chapter 8

Exercises Q1 to Q9


Assessment 1 Part 1

Online quiz (Based on Chapter 1 and 3)




Activity Based Costing- Chapter 8

Exercises Q1 to Q9






Differential/Relevant Costing- Chapter 10

Exercises Q1 to Q12






Differential/Relevant Costing- Chapter 10

Exercises Q1 to Q12






Cost Volume profit analysis - Chapter 9

Exercises Q1 to Q19






Cost Volume profit analysis - Chapter 9

Exercises Q1 to Q19




Assessment 1 Part 2 Online quiz (based on Chapter 8, 9 and 10)




Fixed and Rolling budgets for planning and decision making- Chapter 12

Exercises Q1 to Q11, Q13






Fixed and Rolling budgets for planning and decision making- Chapter 12

Exercises Q1 to Q11, Q13






Variance analysis-

Blackboard notes






Variance analysis-

Blackboard notes







Responsibility Accounting-

Blackboard notes






Assessment 2

Assessment 2, In class test on budgets and Responsibility Accounting




Reassessment week




Students will be expected to attend four hours of class each week. Students will be introduced to the accounting theory, which will then be supported by practical illustrations. Students will complete exercises to reinforce their understanding of the material.

Mid semester break will be from 13 April, 2017 to 19 April, 2017. Classes will resume from 20/04/2017. 

Learning Resources

Prescribed Texts

ACCT2 Managerial, Sivabalan, Sawyers, Jackson, Jenkins, 2nd edition, Cengage learning



Other Resources

Relevant learning resources will be placed on the learning hub. Students will need to access the appropriate topic folders on this site, on a weekly basis and bring them to class. It will be expected that students will need to complete some weekly tasks in their own time.

Overview of Assessment

In order to achieve competency in this unit, you must provide:

Performance Evidence

Evidence of the ability to:

  • gather and record operating and cost data in accordance with organisational policy and procedures
  • analyse data and assign costs to products, services and organisational units to comply with organisational procedures
  • obtain data and prepare a range of cost reports and budgets to meet management information requirements
  • analyse variances between budgeted and actual data, and review integrity of costing systems

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • describe the principles of double-entry bookkeeping and accrual based accounting
  • identify and describe cost behaviour characteristics for the different cost elements of a product or service
  • identify and discuss the key features of organisational policy and procedures as they apply to costing systems
  • outline the key management information requirements
  • identify and explain the key principles and practices of budget preparation
  • discuss the relationship between variance analysis and costing system integrity
  • explain the key processes and procedures for recording and securely storing data

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:

  • a range of common office equipment, technology, software and consumables
  • an integrated financial software system and data

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.


Feedback will be provided throughout the semester in class and/or online discussions.  You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course. 

Assessment Tasks

Overview of Assessment

This course is co-delivered and co-assessed with the following competencies:

ACCT5380C Manage Budgets and Forecasts

PLEASE ENSURE THAT YOU ARE ENROLLED IN BOTH COMPETENCIES, ACCT 5380C and ACCT5382C. Failure to enrol will mean you cannot finish your program in the current semester as your teacher will not be able to allocate a mark for a course you are not enrolled in.

Assessment Tasks

Students MUST complete both assessment tasks and gain competency in an ALL sections.

ASSESSMENT 1 (Due Date: WEEK 4 and 9)

Two online tests will be scheduled during the semester. These tests will consist of MCQ (multiple choice questions) and True/False questions taken from “ACCT2 Managerial”, 2nd edition textbook. The students will be allowed single attempt to attain competency. These two tests are competency based and a CA (competent) must be achieved for each assessment. The assessment will be graded (once competency is achieved) according to the grading policy for assessments those being, CAG (competent), CC (Credit), CDI (Distinction) or CHD (High Distinction).Students will be given an opportunity to redo the assessment in week 16 in class if they did not complete in the original time frame.

Part 1: Students will demonstrate an understanding of the role of management accounting and Variable and Absorption Costing Techniques - To be completed in class. 

Part 2: Students will demonstrate an understanding of ABC Costing techniques, Differential costing and Cost Profit Volume Analysis - To be completed in class.

ASSESSMENT 2 (Due Date: WEEK 15)

It is a close book in class test based on Budgets and Responsibility accounting topics. Budgets may be of retail, service or a manufacturing business.

You must successfully complete all assessment tasks to achieve competency.

Assessment Matrix

The assessment matrix that maps all the assessment is available on Blackboard

Other Information

Submission Requirements

You should:

• Ensure that you submit assessments on or before the due date. 
• Always retain a copy of your assessment tasks. (hard copy and soft copy)
• When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of each assessment task is available on blackboard.
• Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, Callie Harvey, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.

If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days. 

More Information:

Form to use:

Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination. 

More Information:;ID=g43abm17hc9w

Form to use:

Resubmissions (VET Programs):

If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.

If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.

Adjustments to Assessment

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website: <check link is still current>
More Information:;ID=7usdbki1fjf31

Marking Guide (Competency):

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.

You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:

Final Grades table:

CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent
DNS Did Not Submit for assessment

Further information regarding the application of the grading criteria will be provided by your teacher.

Course Overview: Access Course Overview