Course Title: Provide management accounting information
Part B: Course Detail
Teaching Period: Term1 2013
Course Code: ACCT5314C
Course Title: Provide management accounting information
School: 650T Vocational Business Education
Campus: City Campus
Program: C5260 - Diploma of Accounting
Course Contact: Ian Nash & Meetu Aggarwal
Course Contact Phone: +61 3 9925 5733
Course Contact Email: ian.nash@rmit.edu.au & meetu.aggarwal@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Maurice Sheridan
RMIT
+61 3 9925 5455
maurice.sheridan@rmit.edu.au
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
None
Course Description
This unit describes the performance outcomes, 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. This unit has application to a variety of financial services sectors and is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements so the varying Commonwealth, State or Territory requirements should be confirmed with the relevant body.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSACC507A Provide management accounting information |
Element: |
1. Gather and record operating and cost data |
Performance Criteria: |
1.1. Systems to generate data are identified and established |
Learning Outcomes
Details of Learning Activities
Students will be provided with a class outline of each of the topics to be covered. This information is available on the Black board (Learning Hub). It is a summary complete with practical illustrations of all the relevant material for the student to use as a starting reference. The text is a supplementary reference for students to access to consolidate understanding.
A discussion of contemporary issues related to the topics will be provided and students will complete exercises to reinforce their understanding of the material
Teaching Schedule
Week | Tutorial Topic | Element | Learning Activities/National Codes |
1 | Topic 1. Introduction to course including review of Provide Job Costing Information, course guide, weekly program and assessment guide and use of the Blackboard | 1,2,3,4. | Complete Income statement using Variable costing approach FNSACCT503B |
2 | Topic 2. Assigning costs for a manufacturing organisation Topic 3. Variable costing |
1,2,3,4. | Complete Income statement using Absorption costing principles. Complete income statement using standard costing data and calculate variances FNSACCT503B |
3 | Topic 4. Absorption costing | 1,2,3,4. | Complete Income statement using Absorption costing techniques for calculating Overhead FNSACCT503B |
4 | Topic 5. Standard costing | 1,2,3,4. | Complete Income statement using standard costing techniques for calculating Overhead FNSACCT503B |
5 | Topic 6. Activity based costing (ABC) | 1,2,3,4. | Complete Income statement using ABC techniques for calculating Overhead FNSACCT503B |
6 | Topic 6. Activity based costing (ABC) | 1,2,3,4. | Complete Income statement using ABC techniques for calculating Overhead FNSACCT503B |
7 | Topic 7. Integrated budgets for manufacturing organisations | 1,2,3,4. | Complete a comprehensive set of budgets for a Manufacturer FNSACCT503B |
8 | Revision and Assessment Week Test 1 | 1,2,3,4. | |
Semester Break | |||
9 | Topic 8. Responsibility accounting | 1,2,3,4. | Complete Budgets using Responsibility accounting principles FNSACCT503B |
10 | Topic 8. Responsibility accounting | 1,2,3,4. | Complete Budgets using Responsibility accounting principles FNSACCT503B |
11 | Topic 9. Cost/Volume/Profit (Break Even) | 1,2,3,4. | Use CVP technique to evaluate scenarios for profit projections FNSACCT503B |
12 | Topic 10. Differential accounting | 1,2,3,4. | Apply differential accounting techniques to evaluate various options for the business FNSACCT503B |
13 | Topic 10. Differential accounting | 1,2,3,4. | Apply differential accounting techniques to evaluate various options for the business FNSACCT503B |
14 | Topic 11. Performance Measurement using a Balanced Scorecard | 1,2,3,4. | Incorporate Balanced Scorecard principles into budget preparation FNSACCT503B |
15 | Topic 12. Triple bottom Line Accounting (TBL) | 1,2,3,4. | Incorporate TBL principles into budget preparation FNSACCT503B |
16 | Test No 2 | ||
17 | Retests 1 & 2 |
Learning Resources
Prescribed Texts
Management Accounting Principles and Applications (Hart and Wilson) 4th Edition |
References
Other Resources
Overview of Assessment
Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.
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. Students will be provided with feedback throughout the course to check their progress
Assessment Tasks
Assessment task 1 In class Assignment Topics 1 - 7
Assessment task 2 Assignment
Assessment task 3 In class test. topic 8 - 12
Assessment task 4 Presentation
Assessment Matrix
Assessment 1 | Assessment 2 | Assessment 3 | Assessmetn 4 | |
ACCT-5312C Manage budgets and forecasts | x | X | X | |
ACCT-5314C Provide management accounting information | X | X | X | X |
Course Overview: Access Course Overview