Course Title: Provide management accounting information
Part B: Course Detail
Teaching Period: Term2 2014
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: firstname.lastname@example.org & email@example.com
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 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
1. Gather and record operating and cost data
1.1. Systems to generate data are identified and established
Details of Learning Activities
FULL TIME STUDENTS
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 assessment. 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. Solutions will be available on the learning hub.
PART TIME STUDENTS
Your learning experience will be a mix of face to face learning and online. Students will be expected to attend two hours of class every second week. Students will be expected to review the notes prior to coming to class. Each class will then focus on a demonstration of the practical application of the theory. (e.g. case studies). Students will be expected to complete all the exercises in their own time. Solutions will be available on the learning hub.
Two online collaborate sessions will be scheduled during the semester. With respect to the online colloborate sessions, students must ensure that they have Java Script installed on their computers. (can be installed from https://java.com/en/download/index.jsp), and a headset and microphone.
|1||Introduction to course including review of Provide Job Costing Information, course guide, RPLs and use of the Learning Hub for this program|
|5||Standard Costing||Assessment 1, Part 1|
Activity based costing (ABC)
Activity based costing (ABC).
|Assessment 1, Part 2|
Intergrated Manufacturing Budgets
|9||Intergrated Manufacturing Budgets
||Assessment 1, Part 3|
|11||Assessment 2||Assessment 2|
Topic 8. Cost/Volume/Profit (Break Even)
|13||Differential accounting||Assessment 1, Part 4|
|14||Performance Management using a Balanced Score Card Approach/Triple Bottom Line Reporting||Assessment 1, Part 5|
|16||Reassessment Week||Assessment 1 interviews if deemed necessary
Teaching Schedule - Part Time Students
|Week||Class Assessments||Assessments to be completed in your own time|
Introduction to course including review of Provide Job Costing Information, course guide, RPLs and use of the Learning Hub for this program
|5||Standard Costing||Assessment 1, Part 1|
|6||Collaborate Session (students will be able to raise issues with the Intergrated Budgeting Exercises to be completed in your own time)|
|7||Activity Based Costing||Assessment 1, Part 2|
|MID SEMESTER BREAK|
|9||Responsibility Accounting||Assessment 1, Part 3|
|10||Collaborate Session||Assessment 2, Part 1|
|11||Assessment Week||Assessment 2, Part 2|
Cost/Volume/Profit (Break Even)
|Assessment 1, Part 4|
|14||NO CLASS||Assessment 1, Part 5|
Performance Management using a Balanced Score Card Approach/Triple Bottom line Reporting
**This schedule maybe subject to change. Students will be advised of changes in class and on the learning hub
Management Accounting Principles and Applications (Hart and Wilson) 5th Edition
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
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 1 - This is a progressive online assessment. Students will be required to complete 5 online sections across the semester. Students must achieve a grade of 100% for each part of the assessment. They will have an unlimited number of attempts to do each section. Students may be interviewed to verify their competency in any section of assessment 1. 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.
Assessment 2 - Part 1 - FULL TIME STUDENTS This is a class based group assessment. Students will be required to complete a set of budgets. Each group may bring in a copy of the text book for reference.
PART TIME STUDENTS This assessment will be completed in your own time. Students may from groups of up to three students or do it individually. Students will be required to complete a set of budgets.
Part 2 - This is an individual class based assessment. Students will be required to complete an analysis of a budget and make a comparison using a business indicator. This is a closed book assessment.
Assessment 3 - This is an individual class based assesssment. Students will be required to complete a case study looking at contemporary, global performance management data.
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: http://www.rmit.edu.au/students/assessment/extension. Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf
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: http://www.rmit.edu.au/browse;ID=g43abm17hc9w (unresolved) Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf
Resubmissions (VET Programs):
If you are found to be Not Yet Competent 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 “CAEN”.
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:
More Information: http://rmit.edu.au/browse;ID=7usdbki1fjf31
NOTE: ACCT5312 Manage Budgets and Forecasts and ACCT5314 Provide Management Accounting Information are taught and assessed concurrently. PLEASE ENSURE THAT YOU ARE ENROLLED IN BOTH COMPETENCIES. Failure to enrol will mean you cannot finish your programme in the current semester as your teacher will not be able to allocate a mark for a course you are not enrolled in.
Previous Recommended Study - COSC6163 Produce Job Costing Information
Marking Guide (competency):
Vocational Education and Training (VET) is based on current industry needs and the focus on
preparing you for the workplace. Because VET courses are informed by practical application of
knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So
when you are assessed in VET it is about whether you are competent to do the job, as well as having
a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum
based education settings that are often based on knowledge retention.
You need to demonstrate you are competent in each element of the unit of competency you are
You will receive feedback on each assessment task that will inform you whether you are competent or
not and how well you are performing. Once competent in all elements of the unit you receive a
Please refer to the Final Grades table below.
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit; this gives you the opportunity
to have the level of your performance formally recognized against industry standards and employability
1. LEVEL OF INDEPENDENCE, INITIATIVE, ENTERPRISE AND PERFORMANCE OF WORK
We are looking for a high level of ability to complete all tasks independently as per the specifications
as well as demonstrating a high level of initiative in your approach to reporting for corporations.
2. DEMONSTRATED BREADTH OF UNDERPINNING KNOWLEDGE AND A WILLINGNESS TO
We are looking for depth of understanding of the key concepts and knowledge required in reporting for
corporations. You should be able to demonstrate a thorough understanding of some reporting
legislative requirements in the assessment tasks.
3. TECHNIQUES & PROCESSES, TECHNOLOGY SKILLS AND PROBLEM SOLVING
We are looking for the use of appropriate techniques & processes in compiling & presenting corporate
reports for external users. You also need to show an understanding of the kinds of problems that can
arise in the presentation of financial information in corporate reports.
4. WORK ORGANISATION, PLANNING AND SELF MANAGEMENT
We expect to see effective planning, self-management & work organisation, resulting in timely
submission of all required assessment tasks.
5. COMMUNICATION, PEOPLE NETWORKING, LANGUAGE AND INTERPERSONAL SKILLS
We expect to see contributions to relevant discussions and required team work. In addition you should
demonstrate a range of well-developed communication & interpersonal skills appropriate to each task.
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
Course Overview: Access Course Overview