Course Title: Provide management accounting information

Part B: Course Detail

Teaching Period: Term2 2008

Course Code: ACCT5203C

Course Title: Provide management accounting information

School: 650T TAFE Business

Campus: City Campus

Program: C5178 - Diploma of Accounting

Course Contact : Ian Nash

Course Contact Phone: +61 3 9925 5733

Course Contact Email:ian.nash@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

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

This Unit of Competency is taught in conjunction with:

FNSACCT503A Manage budgets and forecasts [ACCT 5200C]

Course Description

This unit covers the competency to calculate and record the costs of products and services.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSACCT507A Provide management accounting information

Element:

Analyse data

Performance Criteria:

Costs are assigned to specified products, services and organisational units
Data is reconciled to ensure calculations are accurate and comply with organisational procedures
Interpretation of revenues and costs is supported by valid analysis and is consistent with the organisation's business performance objectives

Element:

Gather and record operating and cost data

Performance Criteria:

Systems to generate data are established

Data is systematically coded, classified and checked for accuracy and reliability in accordance with organisational policies and procedures

Element:

Prepare budgeted reports

Performance Criteria:

Cost information advice is sought from all sections of the organisation when formulating budgets
Structure and format of budgets and reports are clear and conform to management information requirements
Variances against budget are identified and prioritised for review and decision making
Reports are error free, comprehensive and comply with management requirements and organisational practices

Element:

Review costing system integrity

Performance Criteria:

The variance between actual and applied overheads costs is analysed

Variance analysis is used to review the effectiveness of the cost assignment process


Learning Outcomes


Please refer to Elements of Competency.


Details of Learning Activities

Students will be expected to complete the practical exercises selected from their text book and supplementary exercises provided, in class time and also devote time for completion of these exercises at home. Guideline notes covering key concepts for each element of competency will be provided on the DLS for student access. Students will be expected to read the prescribed text references in order to consolidate an understanding of WHY they are likely to use a particular method and not just HOW to apply that method.


Teaching Schedule

week beginningTopicAssessment
July 7Topic 1. Introduction to course including review of Provide Job Costing Information, course guide, weekly program and assessment guide and use of the DLS. 
July 14Topic 2. Assigning costs for a manufacturing
organisation
Topic 3. Variable costing
 
July 21Topic 4. Absorption costing 
July 28Topic 5. Standard costing 
Aug 4Topic 5 Standard costing 
Aug 11Topic 6. Activity based costing (ABC) 
Aug 18Topic 7. Integrated budgets for both
manufacturing and service
organisations.
 
Aug 25ASSESSMENT WEEK Test No 1
Sep 1MID SEMESTER BREAK 
Sep 8Topic 8. Responsibility accounting 
Sep 15Topic 8. Responsibility accounting 
Sep 22Topic 9. Cost/Volume/Profit (Break Even) 
Sep 29Topic 10. Differential Accounting 
Oct 6Topic 10. Differential accounting

 
Oct 13Topic 11. Performance Measurement using a
Balanced Scorecard
 
Oct 20Topic 12. Triple bottom Line Accounting (TBL) 
Oct 27ASSESSMENT WEEK

Test No 2
Assignment
Nov 3Retests 
Nov 10Retests, Feedback 


Learning Resources

Prescribed Texts

Management Accounting Principles and Applications (Hart and Wilson) 3rd Edition


References

Relevant learning resources will be placed on the learning hub (DLS) progressively throughout the semester. Students will need to access this site on a weekly basis, print the materials and bring them to class. COPIES OF MATERIALS WILL NOT BE HANDED OUT IN CLASS


Other Resources


Overview of Assessment

The student must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including technical requirements documentation, homework and in class exercises, written tests, practical problem solving exercises, presentations and practical tests. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.

The written tests will focus on the student’s practical ability to solve problems and provide meaningful solutions to a set of questions asked of them for the work completed up to the time of the test. The exam is a test of the students overall understanding of and competency in the material presented and as such, to some extent, is an opportunity for students to demonstrate competency that may not have been initially shown in the two written tests.


Assessment Tasks

The student must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including technical requirements documentation, homework and in class exercises, written tests, practical problem solving exercises, practical tests and assignment tasks. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.


Assessment Matrix

Course Overview: Access Course Overview