Unit Name: Managerial Accounting
Unit Code: BAO5522
Location: VU Sydney
Prepared by: Dr. Munshi Samaduzzaman
Welcome to this unit of study. This unit guide provides important information and should be kept as a reference to assist with your studies. This guide includes information about your reading and resources, independent learning, class activities and assessment tasks. We recommend that you read this guide carefully: you will be expected to manage your learning as you work towards successful study.
Detailed information and learning resources for this unit have also been provided on the unit website on VU Collaborate, which can be reached via the Student Portal at vu.edu.au/student-tools/myvu-student-portal. It is important that you access your unit website regularly for messages and updates, as well as tasks related to your unit.
Please note that the University will only send emails, including those from the VU Collaborate space, to your VU email account. Information about how to manage your VU email can be found under ‘Support and Resources’ in your unit site.
Acknowledgement of Country
We respectfully acknowledge and recognise the traditional owners, their Elders past and present, their descendants and kin as the custodians of this land.
1. About this unit 3
2. Assessment 6
3. Indicative schedule 7
4. Scholarly writing, plagiarism and copyright 8
5. Important information about assessment 9
6. Getting help and providing feedback 10
1. About this unit
Unit title: Managerial Accounting
Unit code: BAO5522 Credit points: 12
Campus: VU Sydney Year and semester: Trimester One 2021
Unit co-ordinator/ lecturer
Name: Dr Munshi Samaduzzaman CA
Location: VU Sydney Campus
Contact number: 0449289121 (24/7 - Text or Call me in between 11am to 7pm - 7 days)
Contact email: Munshi.Samaduzzaman@vu.edu.au
Mode of delivery
This unit of study introduces students to managerial accounting concepts and practices within the context of internal organisational decision-making requirements. The unit adopts an inter-disciplinary approach to combine elements of accounting, management, information systems and statistical analysis to create an integrated curriculum to better develop students as professionals in a complex workplace.
This subject aims to provide students with:
• an understanding of the role of managerial accounting
• practical skills in selecting and implementing manual and electronic systems and processes for the reporting and analysis of performance information so as to reduce risks for stakeholders in decision making
• the ability to use statistics, spreadsheets and business intelligence software to measure record, analyse, predict and report-on a wide range of management information
• a theoretical understanding of: management and accounting disciplines; and management systems and processes
• an increased capacity for analysing, interpreting and communicating accounting concepts and practices
Learn . Grow . Belong
On successful completion of this unit, students should be able to:
• Justify and argue how accounting practice can inform management decisions about planning, action and accountability and reduce risk and uncertainty;
• Resolve complex problems by recommending appropriate managerial accounting information, including, communication and interpersonal strategies in a given context;
• Exemplify managerial accounting activities using manual and electronic means including advocating ethical considerations in managerial accounting activities; and
• Work effectively and collaboratively in teams and investigate the sustainability performance practice of selected multinational organisations applying and make recommendations for improvement.
Learning and teaching strategies
Respect . Passion . Knowledge
This unit of study will involve one three-hour seminar each week delivered as a combination of lecture, tutorial and workshop discussions.
Students are required to interrogate readings and cases on global business practice and research and identify and evaluate problems (opportunities and challenges) and solutions. Interactive discussions, group work and individual activities are utilised to develop insights into the business context, good practice and robust research.
A commitment of at least 10 to 12 hours per week of study time should be anticipated for class attendance and preparation and consolidation of tasks.
This is an online course. I am sure we would all like to apply professional standards in maximizing our learning opportunities; things like: waiting by the entrance for further instructions if unavoidably arriving late minimise disruptions to communication and learnings by others; and pre-informing our lecturer if we must depart early – because strolling in and out at random does not ‘cut it’ in any serious work environment. So in order to meet the learning outcomes and professional standards expected and desired, one ought:
• Arrive on time and attend a clear majority (80%) of classes
• Inform the lecturer in advance if we cannot make a class, or will arrive late, or need to depart early
• Attempt the relevant tasks readings before each lecture/tutorial
• Participate fully in class
• Meet the designated dates for assignment submission; and
• Correspond only with your official VU email address so we can verify who it is we are dealing with.
In addition to discipline knowledge, skills and their application, this unit contributes to students developing the capabilities needed to be:
1. Adaptable and capable 21st century citizens who can communicate effectively, work collaboratively, think critically and solve complex problems. Underpinning concept: Identifying, anticipating and solving problems ranging from simple to important, complex and unpredictable.
2. Confident, creative lifelong learners who can use their understanding of themselves and others to achieve their goals in work and learning. Underpinning concept: Decision making.
3. Responsible and ethical citizens who use their inter-cultural understanding to contribute to their local and global communities. Underpinning concept: Understanding the intricacies of balancing individual and public good.
Relationship to professional accreditation requirements
Required for CPA and CA (ANZ) full membership
All resources are available via the ‘learning spaces’ tab on Collaborate (top left of screen)
Most students find that they do not need to purchase a book as the topic notes and embedded compulsory tasks provide a wide range of practical examples
Mowen et al. 2017. Managerial Accounting. Asia Pacific Edition. Cengage; ebook available - ebook requires internet access while reading.
Warren et al. 2017. Managerial Accounting 14ed; ebook available - ebook requires internet access while reading.
Langfield-Smith, K. 2015, Management Accounting. McGraw Hill
Marr, B. 2012. Key Performance Indicators, Prentice Hall, London.
Berenson, M., Levine, D. and Szabat, K. 2016. Basic Business Statistics. Pearson
Berenson, M., Levine, D. and Szabat, K. 2016. Statistics for Managers Using Microsoft Excel. Pearson
Parsons, J. et al. New Perspectives on Excel 2013, Cengage learning.
Smart, M. Learn Excel 2013. Essential Skills with The Smart Method (beginner and intermediate edition OR advanced editions), 2013, Smart Method Ltd.
Walkenbach, J. Excel 2016 bible, 2015, Wiley.
Winston, W. Data Analysis and Business Modeling: Microsoft Excel 2013, 2013, Microsoft Press.
Support materials and resources
Listed in Teaching Schedule (below) and available on Collaborate
Assessment Assessment Tasks: Descriptions Learning Outcomes
Graduate Capabilities Assessment
Criteria Weighting (%) Due date
1. Mid-semester test The test will be held on the date noted in the topic guide. This will be a closed book test and students are not permitted to bring any materials into the room. The test will consist of calculation questions and theory questions. The duration of the test will be 2 hours (no additional reading time). Topics will be limited to those specified in the teaching schedule; and these will not be re-examined in the final exam. A non-programmable calculator will be required for this test. Learning Outcomes: 1, 2, 3 & 5
Graduate Capabilities: 1-6 Marking scheme is available at VU Collaborate 20% As per teaching schedule
2. Evaluation of analysis and reporting
See appendix 1 The objective of this case study based project is to interrogate the quality of performance information reported by a company about its internal context (organisational health & performance). Instructions are to be found in Appendix 1. Submissions are automatically analysed by Turnitin for originality. Submission: by the day and time noted in the teaching schedule via the assessment Dropbox located in the unit’s Collaborate website Learning Outcomes: 3,5,6,7,8 & 10
Graduate Capabilities: 1-6 Marking scheme is available at VU Collaborate 30% As per teaching schedule
3. Final exam A 3-hour closed book exam will take place during the University exam period. Students will be assessed on the materials covered in all chapters noted in the unit guide except: topics covered for in the test (see teaching schedule for topics covered in the test). A non- programmable calculator will be required for this exam. Exam date is announced by VU administration Learning Outcomes: 1, 2, 3 & 5
Graduate Capabilities: 1-6 Marking scheme is discussed in lecture 12 50% Exam period
• Due dates as per Teaching Schedule.
• See the information provided in the University Supplementary Assessment and Conceded Pass Procedure.
3. Teaching Schedule (indicative)
• Topic numbers align with session numbers; and we study a different topic in each session
• Topic numbers and book chapter numbers are not the same thing. E.g. topic 2 relates to Chapters 2 & 3.
• Powerpoint notes for each chapter are supplied in the Topic notes folder in Collaborate – and selected parts are discussed in class.
• The tasks listed for each topic will be discussed in the session after that topic is initially covered in a lecture – for example Topic 2 compulsory task 2.A will be reviewed in session 3 (plus we would also work on that task in session 2 if time permits)
• Your lecturer will assume you have attempted each compulsory task by the relevant session; and the onus is on you to let them know if you have any problem interpreting the question or solution provided.
• Information in this guide, as to what is assessed in the test is given by topic number.
A Weekly Lecture Schedule
Seminar Topic: number and title Tasks:
• Compulsory tasks & solutions in topic notes
• Optional tasks & solutions in ‘additional tutorial tasks folder’ & ‘additional tutorial tasks solutions.pdf’ and ‘additional tutorial tasks solutions.excel’ folders
• Chapter reference to Mowen (optional)
18/03/2021 1. Introduction
Optional tutorial tasks: 15.11; 15.12; 15.13; 15.14; 15.15; 15.16; 15.17
Chapter 1 & Chapter 15
2. Cost concepts & Cost behaviour
Compulsory – task A
Optional tutorial tasks: 2.31; 2.37; 2.38; 2.47
3.20; 3.30; 3.31; 3.32; 3.39
Chapter 2 & 3
3. Cost-volume- profit analysis
Compulsory – task A
Optional tutorial tasks: 11.40; 11.41; 11.44; 11.45; 11.48; 11.49
MID SEMESTER Break Week
4. Business decisions: Relevant costing & Capital investment analysis
Note :Capital investment content covered in
some detail in Corporate Finance unit
Compulsory – task A
Optional tutorial tasks: 12.24; 12.25; 12.26; 12.27; 12.28; 12.29;
12.30; 12.31; 12.35
Chapter 12 & 13
5. Product costing: Job & Process costing
Compulsory – task A
Optional tutorial tasks: 4.33; 4.36; 4.38; 4.41; 4.42
5.34; 5.35; 5.39; 5.49; 5.50
Chapters 4 & 5
Test – topics 1 to 4 (inclusive)
During Workshop Time
6. Activity based costing & Resource management
Compulsory – task A
Optional tutorial tasks: 6.16; 6.17; 6.24
10.34; 10.35; 10.36; 10.37; 10.49
Chapters 6 & 10
Compulsory – task A
Optional tutorial tasks: 7.34; 7.35; 7.36; 7.39; 7.45; 7.47 (part 1 only
8. Standard costing Compulsory – task A
Optional tutorial tasks: 8.33; 8.34; 8.40, 9.32; 9.33; 9.34; 9.35; 9.54
Chapter 8 & 9
9. Performance evaluation of responsibility centres
Assessment 2 due by midnight on the day of the class
Compulsory – task A
Optional tutorial tasks: 14.32; 14.33; 14.37; 14.38; 14.39; 14.40; 14.43
Feedback on Assignment
? Revision / Exam Overview
Exam Description & Exam Revision
4. Scholarly writing, plagiarism and copyright
Part of what it means to be a ‘scholar’ is to engage with the work of others, for example, to extend or refine one’s own ideas, critique the work of others, or test and extend theories. Learning and assessment activities therefore often require you to gather information from a number of sources. This may include factual information, data or calculations, visual artefacts and written texts. Whenever you use the work of another person, you must acknowledge that source using the correct referencing system. Failure to acknowledge other people’s work appropriately may be regarded as plagiarism or academic misconduct. Use of one's own previous work in satisfaction of a new assessment requirement is also not be allowed unless it is an explicit requirement for the unit.
VU deals with plagiarism according to the Academic Integrity and Preventing Plagiarism Policy.
VU uses Turnitin for the review of written assessments. Turnitin checks submitted work against sources from across the world, and provides a report detailing the use of third party text and references. Written assessments are automatically submitted via Turnitin in the unit site. You may be provided access to submit assessments early and review the reports, to help you understand where referencing should occur.
All students and staff of Victoria University are also bound by the requirements of the Copyright Act (1968) and the University’s Copyright Material (the Use of) Policy when using third party copyright material in the course of their research and study. Please ensure that you familiarize yourself with this policy and the rules around use of materials produced or owned by others. For information on copyright entitlements and responsibilities for study and research please see vu.edu.au/library/referencing-copyright/copyright.
Referencing requirements within this unit
The referencing convention that is applicable to this unit is APA.
Academic writing and referencing guidelines
VU provides tools to assist you in understanding appropriate referencing, including those linked below. More can be found on the library website and under ‘Support and Resources’ on your unit site.
5. Important information about assessment
Your unit of study assessment conforms to the Student Assessment for Learning Policy and procedures, which are available in the University policy library: https://policy.vu.edu.au/.
All paper-based assessments must be submitted with the completed assessment cover sheets.
All on-line assessments must have the Student Disclaimer accepted at the point of submission.
Adjustment to assessment arrangements
If you are unable to undertake or complete an assessment due to adverse circumstances the following arrangements may apply:
Late submission of assessments - Short extension of time
If you are unable to submit an assessment item on time, due to circumstances outside your control, you may apply for a short extension of time of less than five (5) working days. The standard penalty for late submission without an approved short extension will be 5% of the total possible mark per working day. If submission is overdue by more than ten (10) working days the work will not be assessed. Full details of the procedure for applying for a short extension are available here. You can download the form from the policy library or use the quick link here.
Special Consideration and Alternative Examinations
Special consideration is available for unexpected short-term physical or mental ill-health or other unexpected circumstances outside your control.
Alternative examinations are available for exceptional circumstances for students who apply at least five (5) working days prior to the commencement of the examination period.
You can find information and forms for special consideration and alternative examinations at http://www.vu.edu.au/student-life/exams-results/special-consideration-supplementary-exams.
Ongoing modified assessment
Ongoing modified assessment arrangements are available if you have a disability or medical condition that may impact upon your studies. See Disability Support at https://www.vu.edu.au/campuses-services/student-support/disability-support.
You may need to contact a student counsellor to assist you with this process. For further information please see vu.edu.au/student-life/getting-help/counselling.
If you wish to be considered or apply for one of the above adjustment to assessment arrangements you should refer to the relevant procedure associated with the Student Assessment for Learning Policy.
Supplementary assessment and conceded pass
Supplementary assessments and conceded passes are available in some circumstances. If you wish to be considered for a supplementary assessment you should refer to the Student Assessment for Learning - Supplementary Assessment and Conceded Pass Procedure.
Review of assessment outcome
The Student Assessment for Learning - Review of Individual Assessment Outcomes Procedure provides a process by which you may request a review of an assessment outcome.
6. Getting help and providing feedback
Victoria University is committed to providing all students with the opportunity and support required to succeed in their studies. If you require any support regarding academic progress in your unit during the semester you are advised to speak to your unit co-ordinator.
We also offer a range of support, development and guidance services for all students. The portal (vu.edu.au/student-tools/myvu-student-portal) provides detailed information on a range of student services that you may find helpful. More information is also available in your unit site under ‘Support and Resources’.
Providing feedback: Student Evaluation System (SES)
Your feedback on your experiences within this unit is important, because it assists VU to improve the learning experience of units and courses for future students.
We encourage you to provide informal feedback directly to your unit and course co-ordinators. The University also collects your anonymous feedback systematically through the Student Evaluation Survey (SES), which is comprised of two student evaluation instruments: the Student Evaluation of Unit (SEU) and the Student Evaluation of Teaching (SET). Students are asked to complete the SEU and SET near the end of each unit. SEU and SET results are anonymous, and are not made available to the teaching staff in the unit until after the University has released your final grades.
Examples of actions taken recently to improve this unit, that were based on or influenced by student or other feedback
• Consolidating face-to-face burst mode delivery into first week of semester.
• Expanding the depth of ethical reasoning knowledge and skills.
• More extensive use of practical cases and discussion in the early part of the unit.
• Improved scaffolding of unit knowledge and skills
Student complaints resolution
Victoria University has a Student Complaints Resolution Policy to guide you through the steps you can take to resolve issues related to your time at the University. You can find more information on this process at: vu.edu.au/student-life/getting-help/student-complaints-resolution.
Assessment task 2: Evaluation of analysis and reporting (individual assignment) - 30%
1. The big idea: identify and discuss the ‘good, the bad and the ugly’ of the quality of a company’s reported performance information
In this assignment you will critically interrogate the nature and quality of a company’s performance reporting on the key elements of an organisation’s INTERNAL CONTEXT (organisational health and organisational performance) – the things that drive and shape sustainable value creation – as outlined in the PWC Value Framework (below). You do not interrogate the EXTERNAL CONTEXT in this assignment.
The objective is for you to learn from measurement and reporting practice while developing and applying technical, analytical, problem solving and communication skills.
2. The PWC Value Framework (see Topic 1 notes for more detail)
3. The assignment report
From your allocated company’s reporting: for each of the 17 elements in the PWC Value Framework concerning organisational health (the elements in the strategy and resources & relationships dimensions) and concerning organisational performance (the elements on the performance dimension); and for the additional concept of ‘materiality’:
Identify one example of how that element is ‘measured’ (qualitatively or quantitatively) and reported. Note: if the report does not contain anything about a particular element or materiality, state that fact and briefly explain why the missing information might be relevant to decision makers like investors or creditors.
Insert that example into your assignment report (using a function like snipping tool on a PC or shift-command-4 on a MAC)
Critique the quality of that piece of performance information as something that can inform your decision making about the company’s current performance and future prospects – i.e. how well does the content of the example tell the aspects of story in terms of:
• comprehensiveness (what is in it – how comprehensive/complete is the content? are any connectivity’s between the element and others particular element explicitly noted? can you identify things/aspects that should be added or deleted?); and
• accessibility (how easy is the information to find in the report and how well is it formatted for understanding? - can you identify ways in which accessibility could be improved?
• come to an overall conclusion as to whether the quality of performance information for that element in the Value Framework is good, bad or ugly (‘ugly’ being missing entirely)
Be very clear – you ARE commenting the quality of the performance information provided; you are NOT commenting on whether the company performed well in terms of ‘good news versus bad news’. You are evaluating ONE company, the ‘comparison’ company in the list below is for your information only.
Your report should be about 19 pages long assuming:
• an introductory page one
• one page each of the 17 elements for organisational health and organisational performance in the PWC Value Framework taking one page (about ½ the page for the insertion of the item and ½ page for discussion of the comprehensiveness and accessibility)
• one page on materiality (here note what materiality is in a paragraph, and insert an example from the report if the company is explicit about materiality)
Note: your report may be more than 19 pages if the insertion of an item takes up more than ½ page in order to make it legible.
The structure of your assignment report should be:
• Your name, student ID and assessment title
• Name of company interrogated
• Executive summary (sub heading) – what you were doing, why, and the essence what you found and your overall conclusion about the quality (comprehensiveness and accessibility) - 1/2 page
Each of the next 17 pages (headings in each page)
• Dimension & element (the main page heading e.g. Resources & relationships – customers)
• Example (under this subheading insert your chosen example: figure/table/paragraph etc.)
• Comprehensiveness (under this subheading critically discuss the comprehensiveness)
• Accessibility (under this subheading critically discuss the accessibility)
The final page on materiality
• One paragraph explaining the nature of materiality and how it is connected with decision making
• Insertion of an example from the company report – if the organisation discusses materiality
Electronically into the relevant Dropbox assessment folder in the unit’s collaborate website by the due date listed in the teaching schedule. The folder for submission will close at midnight on the due date – you will not be able to submit after that time. The standard penalty for late submission without an approved short extension will be 5% of the total possible mark per working day. If submission is overdue by more than ten (10) working days the work will not be assessed. No cover page is required. Your submission will be automatically checked by Turnitin for originality.
6. Mark allocation
Marked out of 100 as follows: (factored in final results to a mark out of 20)
Executive summary: What 2; why 2; conclusions 6 10
Critical discussion about comprehensiveness for 17 elements or materiality 17X3 = 51
Critical discussion about accessibility for 17 elements or materiality 17X2 = 34
Critical discussion about materiality 5
7. Choice of company
In session 1, you will be allocated a company whose measurement and reporting you will interrogate from the list below.
• you should choose the LATEST annual report from that company (i.e. 2020 report)
• if your allocated company report is unavailable (e.g. the company no longer exists as an entity through a merger or acquisition); let your lecturer know and they will allocated a different company