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 |
Element: |
Gather and record operating and cost data |
Performance Criteria: |
Systems to generate data are established |
Element: |
Prepare budgeted reports |
Performance Criteria: |
Cost information advice is sought from all sections of the organisation when formulating budgets |
Element: |
Review costing system integrity |
Performance Criteria: |
The variance between actual and applied overheads costs is analysed |
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 beginning | Topic | Assessment |
| July 7 | Topic 1. Introduction to course including review of Provide Job Costing Information, course guide, weekly program and assessment guide and use of the DLS. | |
| July 14 | Topic 2. Assigning costs for a manufacturing organisation Topic 3. Variable costing |
|
| July 21 | Topic 4. Absorption costing | |
| July 28 | Topic 5. Standard costing | |
| Aug 4 | Topic 5 Standard costing | |
| Aug 11 | Topic 6. Activity based costing (ABC) | |
| Aug 18 | Topic 7. Integrated budgets for both manufacturing and service organisations. |
|
| Aug 25 | ASSESSMENT WEEK | Test No 1 |
| Sep 1 | MID SEMESTER BREAK | |
| Sep 8 | Topic 8. Responsibility accounting | |
| Sep 15 | Topic 8. Responsibility accounting | |
| Sep 22 | Topic 9. Cost/Volume/Profit (Break Even) | |
| Sep 29 | Topic 10. Differential Accounting | |
| Oct 6 | Topic 10. Differential accounting |
|
| Oct 13 | Topic 11. Performance Measurement using a Balanced Scorecard |
|
| Oct 20 | Topic 12. Triple bottom Line Accounting (TBL) | |
| Oct 27 | ASSESSMENT WEEK |
Test No 2 Assignment |
| Nov 3 | Retests | |
| Nov 10 | Retests, 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