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Curtin Business School (CBS)

School of Accounting

Unit Outline

ACCT5021 Accounting for Managers


Semester 2, 2016

Unit study package code: ACCT5021


Mode of study: Internal
Tuition pattern summary: Note: For any specific variations to this tuition pattern and for precise
information refer to the Learning Activities section.
Online Class: 1 x 1 Hours Weekly
Workshop: 1 x 2 Hours Weekly
This unit does not have a fieldwork component.
Credit Value: 25.0
Pre-requisite units: Nil

Co-requisite units: Nil

Anti-requisite units: Nil

Result type: Grade/Mark


Approved incidental fees: Information about approved incidental fees can be obtained from our website.
Visit fees.curtin.edu.au/incidental_fees.cfm for details.
Unit coordinator: Title: Dr
Name: Brian Perrin
Phone: +618 9266 7781
Email: B.Perrin@curtin.edu.au
Location: Building: 407 - Room: 437
Consultation times: See Blackboard for Details

Teaching Staff: Name: Anne Russell


Phone: +618 9266 9551
Email: anne.russell@curtin.edu.au
Location: Building: 407 - Room: 412

Administrative contact: Name: Brian Perrin


Phone: +618 9266 7781
Email: B.Perrin@curtin.edu.au
Location: Building: 407 - Room: 437
Learning Management System: Blackboard (lms.curtin.edu.au)

Acknowledgement of Country
We respectfully acknowledge the Indigenous Elders, custodians, their descendants and kin of this land past and
present.

Syllabus
This unit provides students with an understanding of basic financial and managerial accounting practices and ethical
issues related to accounting.

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Bentley Campus CRICOS Provider Code 00301J
22 Jul 2016 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Curtin Business School (CBS)
Curtin Business School (CBS)
School of Accounting

Introduction
This unit aims to develop a strong foundation in financial accounting and financial statement analysis for managers
and non-accountant financial statement users, and to increase students familiarity with the accounting language,
concepts, and principles. The unit also aims to provide an introduction to management accounting topics such as
budgeting, performance evaluation, and incentive. The exploration of the behavioural, cultural, and ethical aspects of
accounting will also be covered.

Unit Learning Outcomes


All graduates of Curtin University achieve a set of nine graduate attributes during their course of study. These tell an
employer that, through your studies, you have acquired discipline knowledge and a range of other skills and
attributes which employers say would be useful in a professional setting. Each unit in your course addresses the
graduate attributes through a clearly identified set of learning outcomes. They form a vital part in the process
referred to as assurance of learning. The learning outcomes tell you what you are expected to know, understand or
be able to do in order to be successful in this unit. Each assessment for this unit is carefully designed to test your
achievement of one or more of the unit learning outcomes. On successfully completing all of the assessments you will
have achieved all of these learning outcomes.
Your course has been designed so that on graduating we can say you will have achieved all of Curtin's Graduate
Attributes through the assurance of learning process in each unit.
Graduate Attributes
On successful completion of this unit students can:
addressed
1 Analyse accounting information to evaluate the profitability, liquidity, leverage and
efficiency of a company
2 Critique the ethical implications of accounting choices

3 Demonstrate proficiency in the provision of the accounting information for


management
4 Appraise the behavioural aspects of budgeting and performance evaluation with
cultural awareness
Curtin's Graduate Attributes

Apply discipline knowledge Thinking skills Information skills


(use analytical skills to solve problems) (confidence to investigate new ideas)

Learning how to learn


Communication skills Technology skills (apply principles learnt to new situations)
(confidence to tackle unfamiliar problems)

International perspective Cultural understanding Professional Skills


(work independently and as a team)
(value the perspectives of others) (value the perspectives of others)
(plan own work)

Find out more about Curtin's Graduate attributes at the Office of Teaching & Learning website: ctl.curtin.edu.au

Learning Activities
There are three teaching hours each week (one-hour online class and two-hour workshop). The online class aims to
help students understand the key concepts and accounting methods relevant to each week's topic(s). The online
class materials will be available from the Blackboard site on Monday each week. The workshop gives students
opportunities to engage in problem-based learning, case studies, and group discussion. The materials covered in the
online class will be discussed in the workshop the week after. Students should make sure to watch the online lecture
and prepare the answers to the assigned questions and/or activities before coming to the workshop each week. Model
answers to workshop questions will be provided on Blackboard.

Learning Resources
Essential texts
The required textbook(s) for this unit are:

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Curtin Business School (CBS)
School of Accounting

l Atrill, McLaney & Harvey (2015), Accounting: An Introduction (6th Edition), Pearson.

The assigned textbook by Atrill et. al. (2015) can be sourced from many textbook retailers. However, if you
wish to access the Pearson MyAccountingLab resource, it is best and more economically purchased as a
complete package. The ISBN for this package is 9781486008797.

(ISBN/ISSN: 9781486008797)

Other resources
You do not have to purchase the following textbooks but you may like to refer to them.

l Hilton (2011), Management Accounting: Creating Value in a Dynamic Business Environment, 9th Edition,
McGraw-Hill.
l Horngren, Harrison, Oliver, Best, Fraser, Tan & Willett (2013), Financial Accounting, 7th Edition, Pearson
Education Australia.
l Leo, Hoggett, & Sweeting (2012), Company Accounting, 9th edition, John Wiley & Sons Australia.
l CPA, Finanical Reporting Handbook 2013, John Wiley & Sons Australia.
l Alternatively, you can access the following websites for the Accounting Standards: http://www.aasb.com.au,
http://www.iasb.org.uk, http://www.cpaaustralia.com.au, and http://www.icaa.org.au.

Website References

l Institute of Chartered Accountants in Australia www.icaa.org.au


l CPA Australia www.cpaaustralia.com.au and www.nowboarding.cpaaustralia.com.au
l Accounting education www.accountingeducation.com
l Australian Accounting Standards Board www.aasb.com.au
l International Accounting Standards Board www.iasb.org.uk
l The Australian Financial Review (www.afr.com/)
l Business Review Weekly (www.brw.com.au/)
l The Wall Street Journal (online.wsj.com/public/us)
l The Australian (www.theaustralian.news.com.au/)
l KPMG Australia (www.kpmg.com/au)
l EY Australia (www.ey.com/au)
l PWC (www.pwc.com.au)
l Deloitte (www.deloitte.com.au)

Library Online Databases:


A number of databases that may be a useful company research tool in this unit can be found at the following library
website;
http://libguides.library.curtin.edu.au/content.php?pid=163596&sid=1381214

l FinAnalysis ASX listed Financial Company data


l DatAnalysis ASX listed Financial Company data
l Annual reports online
l Factiva mainly newspaper publications on companies
l Orbis worldwide financial and non-financial company data including CSR statements

Online resources

l The FLECS-Blackboard facility provides students with a link to a copy of this unit outline as well as access to
course materials (including lecture notes) and other relevant information relating to the unit. The following link
will take you to the FLECS-Blackboard Login Page: http://lms.curtin.edu.au or use the OASIS portal at

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Bentley Campus CRICOS Provider Code 00301J
22 Jul 2016 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Curtin Business School (CBS)
Curtin Business School (CBS)
School of Accounting

http://oasis.curtin.edu.au under the My Studies tab.


l Click on Login and wait to be directed to the Login Page.
l Enter your Username: [your Student Number (e.g. 08716651)] and Password: [your Oasis password].
l Click Login to enter.
l If the unit does not appear on your FLECS-Blackboard page, please check to ensure that you are correctly
enrolled in this unit by following the instruction on the following webpage
http://oasis.curtin.edu.au/help/student/flecs.cfm#why. If you have further problems, please contact the CBS
Student IT Support Counter (402:221) or complete the Blackboard Student Help Form, which is available at
http://www.business.curtin.edu.au/business/current-students/unit-and-course-information/online-units-and-
blackboard.

Assessment
Assessment schedule
Unit Learning
Task Value % Date Due Outcome(s)
Assessed
Report 1 25 percent Week: 6 1
1 Day: In-Class
Time: In-Class
Report 2 35 percent Week: 11 1,2
2 Day: In-Class
Time: In-Class
Case study 40 percent Week: 3,6, 10, & 14 3,4
3 Day: In Class
Time: In Class
Detailed information on assessment tasks

1. Assessment #1 is an individual report that will require students to demonstrate an understanding of the
concepts that are fundamental to the preparation of accounting information. Full details provided on
Blackboard see Assessment Folder.
2. Assessment #2 is a group report that will require students to analyse an Australian listed public company
using the techniques learned in the unit. The group project consists of a written report (25%) and a
presentation (10%). Each group should consist of 3 to 4 members and should include both local and
international students.
3. Assessment #3 is designed to enable all students to engage with the breadth of material covered within
ACCT5021 Accounting with Managers in a way that deepens their understanding of the material and their
ability to apply the theories and concepts into the workplace. There are two parts to assessment #3:
1. Case Study Readiness Assurance Tests (RATs) there will be four Readiness Assurance Tests (RATs)
conducted in class during the semester. Each test will be for 15 minutes and will consist of 10 multiple
choice questions.
2. Case study type question that will require students to apply accounting knowledge and recommend
possible solutions.

Note: See the separate information sheet (which will be available from the Blackboard site later) for more
details about each assessment task above. The work submitted must be the students own work. If the work is
found to be plagiarised, penalty will be imposed in accordance with the Universitys policy.

Pass requirements
To pass this unit, all assessment items must be attempted and the total mark (from all assessment tasks) must be
50% or higher.

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Bentley Campus CRICOS Provider Code 00301J
22 Jul 2016 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Curtin Business School (CBS)
Curtin Business School (CBS)
School of Accounting

Fair assessment through moderation


Moderation describes a quality assurance process to ensure that assessments are appropriate to the learning
outcomes, and that student work is evaluated consistently by assessors. Minimum standards for the moderation of
assessment are described in the Assessment and Student Progression Manual, available from
policies.curtin.edu.au/policies/teachingandlearning.cfm

Late assessment policy


This ensures that the requirements for submission of assignments and other work to be assessed are fair,
transparent, equitable, and that penalties are consistently applied.

1. All assessments students are required to submit will have a due date and time specified on this Unit Outline.
2. Students will be penalised by a deduction of ten percent per calendar day for a late assessment submission
(eg a mark equivalent to 10% of the total allocated for the assessment will be deducted from the marked
value for every day that the assessment is late). This means that an assessment worth 20 marks will have two
marks deducted per calendar day late. Hence if it was handed in three calendar days late and given a mark of
16/20, the student would receive 10/20. An assessment more than seven calendar days overdue will not be
marked and will receive a mark of 0.

Assessment extension
A student unable to complete an assessment task by/on the original published date/time (eg examinations, tests) or
due date/time (eg assignments) must apply for an assessment extension using the Assessment Extension form
(available from the Forms page at students.curtin.edu.au/administration/) as prescribed by the Academic Registrar. It
is the responsibility of the student to demonstrate and provide evidence for exceptional circumstances beyond the
student's control that prevent them from completing/submitting the assessment task.
The student will be expected to lodge the form and supporting documentation with the unit coordinator before the
assessment date/time or due date/time. An application may be accepted up to five working days after the date or
due date of the assessment task where the student is able to provide an acceptable explanation as to why he or she
was not able to submit the application prior to the assessment date. An application for an assessment extension will
not be accepted after the date of the Board of Examiners' meeting.

Deferred assessments
If your results show that you have been granted a deferred assessment you should immediately check OASIS for
details.

Supplementary assessments
Supplementary assessments are not available in this unit.

Reasonable adjustments for students with disabilities/health circumstances likely to impact on


studies
A Curtin Access Plan (CAP) is a document that outlines the type and level of support required by a student with a
disability or health condition to have equitable access to their studies at Curtin. This support can include alternative
exam or test arrangements, study materials in accessible formats, access to Curtins facilities and services or other
support as discussed with an advisor from Disability Services (disability.curtin.edu.au). Documentation is required
from your treating Health Professional to confirm your health circumstances.
If you think you may be eligible for a CAP, please contact Disability Services. If you already have a CAP please provide
it to the Unit Coordinator at the beginning of each semester.

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Bentley Campus CRICOS Provider Code 00301J
22 Jul 2016 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Curtin Business School (CBS)
Curtin Business School (CBS)
School of Accounting

Referencing style
The referencing style for this unit is Chicago.
More information can be found on this style from the Library web site:
http://libguides.library.curtin.edu.au/referencing.

Copyright
Curtin University. The course material for this unit is provided to you for your own research and study only. It is
subject to copyright. It is a copyright infringement to make this material available on third party websites.

Academic Integrity (including plagiarism and cheating)


Any conduct by a student that is dishonest or unfair in connection with any academic work is considered to be
academic misconduct. Plagiarism and cheating are serious offences that will be investigated and may result in
penalties such as reduced or zero grades, annulled units or even termination from the course.
Plagiarism occurs when work or property of another person is presented as one's own, without appropriate
acknowledgement or referencing. Submitting work which has been produced by someone else (e.g. allowing or
contracting another person to do the work for which you claim authorship) is also plagiarism. Submitted work is
subjected to a plagiarism detection process, which may include the use of text matching systems or interviews with
students to determine authorship.
Cheating includes (but is not limited to) asking or paying someone to complete an assessment task for you or any
use of unauthorised materials or assistance during an examination or test.
From Semester 1, 2016, all incoming coursework students are required to complete Curtins Academic Integrity
Program (AIP). If a student does not pass the program by the end of their first study period of enrolment at Curtin,
their marks will be withheld until they pass. More information about the AIP can be found at:
https://academicintegrity.curtin.edu.au/students/AIP.cfm
Refer to the Academic Integrity tab in Blackboard or academicintegrity.curtin.edu.au for more information, including
student guidelines for avoiding plagiarism.

Information and Communications Technology (ICT) Expectations


Curtin students are expected to have reliable internet access in order to connect to OASIS email and learning systems
such as Blackboard and Library Services.
You may also require a computer or mobile device for preparing and submitting your work.
For general ICT assistance, in the first instance please contact OASIS Student Support:
oasisapps.curtin.edu.au/help/general/support.cfm
For specific assistance with any of the items listed below, please contact The Learning Centre:
life.curtin.edu.au/learning-support/learning_centre.htm

l Using Blackboard, the I Drive and Back-Up files


l Introduction to PowerPoint, Word and Excel

Additional information
Enrolment
It is your responsibility to ensure that your enrolment is correct - you can check your enrolment through the eStudent
option on OASIS, where you can also print an Enrolment Advice.

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Bentley Campus CRICOS Provider Code 00301J
22 Jul 2016 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Curtin Business School (CBS)
Curtin Business School (CBS)
School of Accounting

Student Rights and Responsibilities


It is the responsibility of every student to be aware of all relevant legislation, policies and procedures relating to their
rights and responsibilities as a student. These include:

l the Student Charter


l the University's Guiding Ethical Principles
l the University's policy and statements on plagiarism and academic integrity
l copyright principles and responsibilities
l the University's policies on appropriate use of software and computer facilities

Information on all these things is available through the University's "Student Rights and Responsibilities" website at:
students.curtin.edu.au/rights.

Student Equity
There are a number of factors that might disadvantage some students from participating in their studies or
assessments to the best of their ability, under standard conditions. These factors may include a disability or medical
condition (e.g. mental illness, chronic illness, physical or sensory disability, learning disability), significant family
responsibilities, pregnancy, religious practices, living in a remote location or another reason. If you believe you may
be unfairly disadvantaged on these or other grounds please contact Student Equity at eesj@curtin.edu.au or go to
http://eesj.curtin.edu.au/student_equity/index.cfm for more information
You can also contact Counselling and Disability services: http://www.disability.curtin.edu.au or the Multi-faith services:
http://life.curtin.edu.au/health-and-wellbeing/about_multifaith_services.htm for further information.
It is important to note that the staff of the university may not be able to meet your needs if they are not informed of
your individual circumstances so please get in touch with the appropriate service if you require assistance. For
general wellbeing concerns or advice please contact Curtin's Student Wellbeing Advisory Service at:
http://life.curtin.edu.au/health-and-wellbeing/student_wellbeing_service.htm

Recent unit changes


Students are encouraged to provide unit feedback through eVALUate, Curtin's online student feedback system. For
more information about eVALUate, please refer to evaluate.curtin.edu.au/info/.

To view previous student feedback about this unit, search for the Unit Summary Report at
https://evaluate.curtin.edu.au/student/unit_search.cfm. See
https://evaluate.curtin.edu.au/info/dates.cfm to find out when you can eVALUate this unit.

Recent changes to this unit include:


All workshop questions revised inline with new edition of textbook.

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Bentley Campus CRICOS Provider Code 00301J
22 Jul 2016 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Curtin Business School (CBS)
Curtin Business School (CBS)
School of Accounting

Program calendar
Week Begin Seminar Pre- Workshop Assessment Due
Date readings

1. 1/8 Module 1: Introduction to Atrill Ch 1 & 5 Introduction


Accounting & Regulatory
Framework for Companies.

2. 8/8 Module 2: Measuring and Atrill Ch 2 DQ 1.5, 1.6, 1.14,


Reporting Financial Position 1.22, 5.3, 5.6, 5.7
AE 5.5

3. 15/8 Module 3: Measuring and Atrill Ch 3 DQ 2.8, 2.10 RAT #1 (5%)


Reporting Financial Performance
AE 2.2, 2.3, 2.7, 2.9,
(1)
2.11

4. 22/8 Module 4: Measuring and Atrill Ch 3 DQ 3.5, 3.11, 3.12,


Reporting Financial Performance 3.15
(2)
AE 3.3, 3.6, 3.9

5. 29/8 Tuition Free Week


Tuition Free Week

6. 5/9 Module 5: Introduction to Limited Atrill Ch 4 & 6 DQ 3.7, 3.16, 3.19 Report 1:
Companies and Measuring and Individual Report
AE 3.2, 3.5, 3.7, 3.12
Reporting Cash Flows (25%)
RAT #2 (5%)

7. 12/9 Module 6: Analysis and Atrill Ch 8 DQ 4.5, 4.6, 6.3, 6.6,


Interpretation of Financial 6.7

Statements (1)
AE 6.1, 6.3, 6.6, 6.8

8. 19/9 Module 7: Analysis and Atrill Ch 8 DQ 8.2, 8.7, 8.10


Interpretation of Financial
AE 8.4, 8.8, 8.11
Statements (2)

9. 26/9 Tuition Free Week Tuition Free Week


10. 3/10 Module 8: Cost-volume-profit Atrill Ch 9 DQ 8.11, 8.14


analysis and relevant costing
AE 8.9 RAT #3 (5%)
See Blackboard for
additional questions

11. 10/10 Report 2: Group Report & Report 2: Group


Presentation (35%) Report &
Presentation (35%)

12. 17/10 Module 9: Full Costing Atrill Ch 10 DQ 9.10


AE 9.5, 9.9, 9.11

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Bentley Campus CRICOS Provider Code 00301J
22 Jul 2016 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Curtin Business School (CBS)
Curtin Business School (CBS)
School of Accounting

13. 24/10 Module 10: Budgeting Atrill Ch 11 DQ 10.7, 10.12


AE 10.1, 10.6, 10.8

14. 31/10 Module 11 and 12:Corporate Atrill Ch 7 (p. DQ 11.9, 11.14, RAT #4 (5%)
social responsibility and 220 - 251) 11.18
Case Study:
sustainability accounting.
Hilton Ch 12 - AE 11.7, 11.8 Individual (20%)
Management control system, 13

performance evaluation and
incentive

15. 7/11 Study Week

16. 14/11 Exam Week 1


17. 21/11 Exam Week 2



Note: The workshop questions can be found at the end of each chapter.
DQ = Discussion Question
AE = Application Exercise
RAT = Readiness Assurance Test
* Australian Accounting Standards can be downloaded from AASBs website at
http://www.aasb.gov.au/Pronouncements/Current-standards.aspx.
** Hilton (2011), Management Accounting: Creating Value in a Dynamic Business Environment, 9th Edition, McGraw-
Hill.
The two chapters can be downloaded from Curtin library website. The links for downloading the chapters will be
provided on the Blackboard site later.

ACCT5021 Accounting for Managers Page: 9 of 9



Bentley Campus CRICOS Provider Code 00301J
22 Jul 2016 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Accounting, Curtin Business School (CBS)