BA216 - Management Accounting for Planning and Control

Unit Overview

Credit Points: Prerequisite: Co-requisite: Workload:
15.00 BB104 Introductory Accounting N/A 36 contact hours

Aims & Objectives

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:

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:

  1. Function of management accounting
  2. Cost behaviour and cost estimation
  3. Product and service costing
  4. Contemporary approach to costing: Activity Based Costing (ABC)
  5. Standard costing
  6. Cost volume profit analysis
  7. Budgeting process and budgets
  8. Capital budgeting techniques
  9. Decentralisation and performance evaluation

Learning Outcomes

At the completion of this unit students should be able to:

  1. Describe and discuss the function and role of management accounting in the contemporary business environment.
  2. Demonstrate broad knowledge of management accounting and explain appropriate approaches to generate cost information.
  3. Produce business reports which present analyses of financial solutions to management issues
  4. Apply knowledge to generate adaptable and flexible approaches to problem solving and decision making.
  5. Apply management accounting practices and theories to analyse and solve business and management problems.

Teaching Method

Lecture: 2 hours
Tutorial/Workshop: 1 hour
Face to Face


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.

Reference Reading

  • Warren, C., Reeve, M., Duchac, J., (2018). Managerial Accounting, 14th edition. US: Cengage Learning
  • Langfield-Smith, K., Smith, D., Andon, P., Thorne, H., (2017). Management Accounting: Information for Creating and Managing Value, 8th edition. McGraw Hill Education (Australia)
  • Edward J., & Maria R. M. (2016). Principles of Cost Accounting, 17th 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 attainmentExtent covered
5The 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
4The 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
3The 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 
2The 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
The standard is not considered, there is no theory or practice or activities associated with this standard