| Credit Points: | Prerequisite: | Co-requisite: | Workload: |
|---|---|---|---|
| 15.00 | BB104 Introductory Accounting | N/A | 36 contact hours |
This is a second-year Core Unit in the Bachelor of Business, major in Accounting. For Course Learning Outcomes and further information relating to Bachelor of Business programs please visit our website: http://www.mit.edu.au/study-with-us/programs/bachelor-business.
This unit focuses on multi-faceted challenges facing by the function of management accounting in contemporary organisations. This unit aims to provide students with knowledge in terms of the processes and technologies that enable the effective and efficient use of organisational resources by management to enhance the value of the organisation to shareholders and other stakeholders. The unit develops student expertise in the accumulation and processing cost information. Emphasis is placed on costing systems, budgeting, standard costing and performance evaluation in decentralised organisational structures. Equip the student capable of applying management accounting information in decision making.
Unit topics include:
At the completion of this unit students should be able to:
| Assessment Task | Learning Outcomes Assessed* | Weighting |
|---|---|---|
| Formative Assessment | 0% | |
| Contribution and Participation | a-e | 10% |
| In-Class Test | a,b | 10% |
| Report [Group] | c,d,e | 20% |
| Presentation [Group] | c,d,e | 10% |
| Final Exam [3 hours] | a-e | 50% |
| Total | 100% |
*refer to learning outcomes above.
Note: Students are required to purchase the prescribed text book and have it available each week in class.
Prescribed Text Book:
Mowen, M., Hansen, R., Heitger, L., (2018). Managerial Accounting: The Cornerstone of Business Decision-Making, 7th edition. US: Cengage Learning.
Adopted Reference Style: APA can be found in MIT library referencing
MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:
| Ability to communicate | Independent and Lifelong Learning | Ethics | Analytical and Problem Solving | Cultural and Global Awareness | Team work | Specialist knowledge of a field of study |
| Levels of attainment | Extent covered |
|---|---|
| 5 | The standard is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations |
| 4 | The standard is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations |
| 3 | The standard is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations |
| 2 | The standard is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by activities such as lectures or tutorials |
| 1 | The standard is not considered, there is no theory or practice or activities associated with this standard |