ACCT 2001 Contemporary Management Accounting

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Credit Points 10

Legacy Code 200108

Coordinator Rada Massingham Opens in new window

Description This unit critically examines the limitations of traditional management accounting techniques and consider the factors that influence the design of management accounting systems (MAS) and choice of management accounting technique in the contemporary business environment.

School Business

Discipline Accounting

Student Contribution Band HECS Band 4 10cp

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Level Undergraduate Level 2 subject

Pre-requisite(s) FINC 1001

Equivalent Subjects LGYA 9774 - Advanced Management Accounting LGYB 3530 - Advanced Management Accounting (V1) LGYB 8951 - Management Accounting

Learning Outcomes

On successful completion of this subject, students should be able to:

Appraise the limitations of traditional management accounting techniques in the contemporary business environment;
Explain the basic strategy concepts and how management accounting systems can support business strategy;
Analyse information, prepare management accounting reports and oral presentations to assist management in decision making, resource management and value creation;
Identify the factors that influence the design of management accounting systems (MAS) and choice of contemporary management accounting technique;
Design a strategic performance measurement system using the balanced scorecard to incorporate non-financial performance measures;
Recommend and apply contemporary management accounting techniques to real life scenarios by considering the purpose, benefits and limitations of the techniques.

Subject Content

- Balanced score card, key performance indicators, performance benchmarking
- Profitability analysis
- Product life cycle and Target costing
- pricing and Product mix decisions
- business process re-Engineering
- inventory management techniques
- quality management: measurement and control, and cost of quality reports
- Productivity: measurement and control, Productivity analysis, value added, non-value added
- value chain analysis
- strategic management accounting
- Behavioural Issues, performance related remuneration
- sustainability and environmental management accounting

Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item	Length	Percent	Threshold	Individual/Group Task
Practical	Weekly	10	N	Individual
Quiz	5 times throughout teaching term	10	N	Individual
Case Study	2000 words	20	N	Group
Final Exam	2 hours	60	Y	Individual

Prescribed Texts

Langfield-Smith, K, Thorne, H, Smith D & Hilton, R 2015, Management accounting: information for creating and managing value, 7th edn, McGraw-Hill Australia, North Ryde, NSW.

Teaching Periods