ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-02-2017 PAGE 1 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A KING’S OWN INSTITUTE* Success in Higher Education ACC702 MANAGERIAL ACCOUNTING T117 All information contained within this Subject Outline applies to all students enrolled in the trimester as indicated. Section 1 General Information 1.1 Administrative Details Associated HE Award(s) Duration Level Subject Coordinator Master of Accounting Master of Professional Accounting 1 trimester Postgraduate Dr Margaret Drever [email protected] 1.2 Core/Elective This is a core subject for the Master of Accounting and the Master of Professional Accounting. 1.3 Subject Weighting Indicated below is the weighting of this subject and the total course points. Subject Credit Points Total Course Credit Points 4 MAcc 48 MPA 64 1.4 Student Workload Indicated below is the expected student workload per week for this subject No. Timetabled Hours/Week* No. Personal Study Hours/Week** Total Workload Hours/Week*** 4 hours/week 2 hour Lecture + 2 hour Tutorial 6 hours/week 10 hours/week * Total time spent per week at lectures and tutorials. ** Total time students are expected to spend per week in studying and completing assignments. *** That is, * + ** = workload hours. 1.5 Mode of Delivery This subject is delivered face-to-face. 1.6 Pre-requisites ACC700 Principles of Accounting AND FIN700 Financial Management. 1.7 Other Study and Resource Requirements Students are expected to attend classes with the required textbook and to read specific chapters prior to the tutorials. This will allow them to actively take part in discussions. Students will require access to the internet and email and should have elementary skills in both word processing and electronic spread sheet software such as MS Word and MS Excel. Computers are available for student use in the Library. You should plan well in advance to utilise these resources. Students are encouraged to make use of the campus Library for reference materials. Resource requirements specific to this subject: Students should have a non-programmable calculator. Applications in smart phones will not be sufficient to perform the required calculations. ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 2 OF 12 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Section 2 – Academic details 2.1 Overview of the Subject This subject examines fundamental management accounting techniques and systems used in an array of settings. It will cover cost behaviour concepts, cost estimation together with conventional job and process costing systems. Students will also gain an appreciation of contemporary cost systems in the management of costs as well as their application to supply chain contexts. In addition, students will gain an understanding of budget systems, standard costing, responsibility accounting, product and pricing methods as well as their utility in corporate performance assessment. 2.2 Graduate Attributes for Postgraduate Courses Graduates of Postgraduate courses from King‟s Own Institute have demonstrated they have gained the graduate attributes expected from successful completion of a Master‟s degree under the Australian Qualifications Framework (2nd edition, January 2013). Graduates at this level will have an advanced body of knowledge in a range of contexts for professional practice or scholarship and as a pathway for further learning. King‟s Own Institute‟s key generic graduate attributes for a Masters level degree are summarised below: KOI Master’s Degree Graduate Attributes Detailed Description Knowledge An advanced body of knowledge that includes the understanding of recent developments in the specialisation and related areas of study. Critical Thinking Skills in critical thinking to identify and analyse current theories and developments and emerging trends in professional practice. Communication Communication and technical skills to analyse and theorise, contribute to professional practice or scholarship and present ideas to a variety of audiences. Research and Information Literacy Communication and technical skills to access and evaluate information resources, justify research approaches and interpret theoretical propositions. Creative Problem Solving Skills Cognitive, technical and creative skills to investigate, analyse and synthesise complex information, concepts and theories, solve complex problems and apply established theories to situations faced in professional practice. Ethical and Cultural Sensitivity Informed appreciation and accountability for ethical practices, cultural sensitivity and social responsibility both personally and professionally. Teamwork Initiative, leadership skills and ability to work professionally and collaboratively to achieve team objectives across a range of team roles. Professional Skills High level personal autonomy, judgement decision-making and accountability required to begin professional practice. ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 3 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A 2.2.1 ACC702 Managerial Accounting Subject Learning Outcomes Listed below, are key knowledge and skills students are expected to attain by successfully completing this subject: Subject Learning Outcomes Contribution to Course Graduate Attributes a) Analyse the roles of cost and management accounting in organisations through the analysis of accounting concepts and tools b) Evaluate and apply financial and non-financial performance measures and tools used in assessing and rewarding individual and corporate performance c) Describe how management control theory and concepts apply to organisational settings through the generation of accounting and organisational reports d) Apply contemporary approaches to pricing and product mix decisions in organisational contexts e) Evaluate the role of ethics in management accounting contexts 2.3 Subject Content and Structure Shown in the table below are details of the subject content and how it is structured, including specific topics covered in lectures and tutorials. 2.3.1 Weekly Planner Week (beginning) Topic Covered in Each Week’s Lecture Reading(s) Expected Work 1 13 Mar Management accounting - Information for creating value and managing resources. Basic concepts of cost behaviour Chs 1, 2 & 3 Tutorial exercises 2 20 Mar Conventional costing systems and issues. Job costing Ch 4 Tutorial exercises 3 27 Mar Conventional costing systems and issues –process costing Chs 5 & 8 Tutorial exercises Finalise group formation 4 03 Apr Budgeting systems Ch 9 Tutorial exercises 5 10 Apr Standard costing for control and flexible budgeting systems Chs 10, 11 Tutorial exercises 6 17 Apr Mid-trimester examination and group report progress discussion Submit group report topic Mid-trimester examination 24 April 2017 – 30 April 2017 Mid -trimester Break 7 01 May Transfer pricing and its behavioural consequences Ch 12 Tutorial exercises Progress report on group project 8 08 May Contemporary approaches to measuring and managing performance Ch 13 Tutorial exercises Draft Group Report review in class 9 15 May Role of activity based costing, and the balanced scorecard in the assessment of performance Chs 8 & 14 Tutorial exercises Group Project Report due Deferred Mid Trimester Exams for all subjects - see Section 2.4 below for more information 10 Managing costs across the supply Chs 15, 16 Tutorial exercises ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 4 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A 22 May chain for competitive advantage (inventory, supplier, customer and quality) Presentation PowerPoints – all groups Group presentations 11 29 May Strategic management, pricing issues and options for decision-making Ch 20 Tutorial exercises Group presentations 12 05 Jun Revision Tutorial exercises Group presentations 13 12 Jun Study Review Week 14 19 - 24 Jun Final Exam Week Please see Exam Timetable for exam date, time and location 15 26 Jun Student Vacation begins Enrolments for T217 open 16 04 Jul Results Released Tuesday 04 Jul Certification of Grades Friday 09 Jun T217 begins 10 Jul 2017 1 10 Jul Week 1 of classes for T217 Friday 07 July – Review of Grade Day for T117 – see Sections 2.4 and 3.5.2 below for more information 2.3.2 Public Holiday Amendments Please note: KOI is closed on all scheduled NSW Public Holidays. T117 has six (6) public holidays (Easter Holidays and the Queen‟s Birthday) that occurs during classes this trimester. Classes scheduled for these public holidays (Calendar Class Dates) will be rescheduled as per the table below. All other public holidays fall within the mid-trimester break period. This applies to ALL subjects taught in T117. Please see the table below and adjust your class timing as required. Please make sure you have arrangements in place to attend the rescheduled classes if applicable to your T117 enrolment. Classes will be conducted at the same time and in the same location as your normally scheduled class except these classes will be held on the date shown below. Calendar Class Date Rescheduled Class Date Friday and Saturday 14 - 15 April 2017 (Week 5) Monday 17 April 2017 (Week 6) Friday and Saturday 16 - 17 June 2017 (week 13) Tuesday 13 June 2017 (week 13) (Study Review Week) 2.4 Review of Grade, Deferred Exams & Supplementary Exams/Assessments 2.4.1 Review of Grade There may be instances when you believe that your final grade in a subject does not accurately reflect your performance against the subject criteria. Section 8 of the Assessment and Assessment Appeals Policy (www.koi.edu.au) describes the grounds on which you may apply for a Review of Grade. If this happens and you are unable to resolve it with the Academic staff concerned then you can apply for a formal Review of Grade within the timeframes indicated in Sections 2.4.4 and 3.5 below and the Assessment and Assessment Appeals Policy. Please ensure you read the Review of Grade information before submitting an application. 2.4.2 Review of Grade Day KOI will hold the Review of Grade Day for all subjects studied in T117 on: Friday 07 July 2017 ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 5 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Only final exams will be discussed as all other assessments should have been reviewed during the trimester. If you fail one or more subjects and you wish to consider applying for a Review of Grade you MUST attend the Review of Grade Day. You will have the chance to discuss your final exam with your lecturer, and will be advised if you have valid reasons for applying for a Review of Grade (see Section 3.5 below and the Assessment and Assessment Appeals). If you do not attend the Review of Grade Day you are considered to have accepted your results for T117. 2.4.3 Deferred Exams The information in this section applies to both mid-trimester and final exams. If you miss your mid-trimester or final exam there is NO GUARANTEE you will be offered a deferred exam. You must apply within the stated timeframe and satisfy the conditions for approval to be offered a deferred exam (see Section 8.1 of the Assessment and Assessment Appeals Policy and the Application for Assignment Extension or Deferred Exam Forms). You will not normally be granted a deferred exam on the grounds that you mistook the time, date or place of an examination, or that you have made arrangements to be elsewhere at that time; for example, have booked plane tickets. If you:  are not offered a deferred exam, or  are offered a deferred exam, but do not attend you will be awarded 0 marks for the assessment. This may mean it becomes very difficult for you to pass the subject. If you apply for a deferred exam within the required timeframe and satisfy the conditions you will be advised by email to your KOI student email address of the time and date for the deferred exam. Marks awarded for the deferred exam will be the marks awarded for that assessment. 2.4.4 Supplementary Assessments (Exams and Assessments) A supplementary assessment is occasionally offered to students to provide a final opportunity to demonstrate successful achievement of the major learning outcomes of a subject. Supplementary assessments are only offered at the discretion of the Board of Examiners. The offer is determined based on a student‟s academic and attendance history. If you are offered a supplementary assessment, you will be advised by email to your KOI student email address of the time and due date for the supplementary assessment – supplementary exams will normally be held at the same time as deferred final exams. You must pass the supplementary assessment to pass the subject. The maximum grade you can achieve in a subject based on a supplementary assessment is a PASS grade. If you:  are offered a supplementary assessment, but fail it;  are offered a supplementary exam, but do not attend; or  are offered a supplementary assessment but do not submit by the due date; you will receive a FAIL grade for the subject. ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 6 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A 2.5 Teaching Methods/Strategies Briefly described below are the teaching methods/strategies used in this subject:  Face-to-face lectures (2 hours/week) are conducted in seminar style and address the subject content, provide motivation and context and draw on the students‟ experience and preparatory reading.  Tutorials (2 hours/week) include class discussion of case studies and research papers, practice sets and problem-solving and syndicate work on group projects. Tutorial participation is an essential component of the subject and contributes to the development of graduate attributes (see section 2.2 and 2.2.1 above). It is intended that specific tutorial material such as case studies, recommended readings, review questions etc. will be made available each week in Moodle.  Online teaching resources include class materials, readings, model answers to assignments and exercises and discussion boards. All online materials for this subject as provided by KOI will be found in the Moodle page for this subject. Students should access Moodle regularly as material may be updated at any time during the trimester.  Other contact - academic staff may also contact students either via Moodle messaging, or via email to the email address provided to KOI on enrolment. 2.6 Student Assessment Provided below is a schedule of formal assessment tasks and major examinations for the subject. Assessment Type When Assessed Weighting Learning Outcomes Assessed Tutorial exercises Weekly 10% a, b, c, d, e Mid-trimester exam Week 6 10% a, c, e Group case study project and presentation Report due Week 9 Presentation PowerPoints Week 10 Presentations Weeks 10, 11 & 12 Report 20% Presentation 10% Total 30% a, b, c, d Final examination 3 hrs Final Exams Period 50% a, b, c, d, e 2.6.1 Requirements to Pass the Subject To gain a pass or better in this subject,  students must gain a minimum of 50% of the total available subject marks. 2.7 Prescribed and Recommended Readings Provided below, in formal reference format, is a list of the prescribed and recommended readings Prescribed Text: Langfield-Smith, K., Thorne, H., and Hilton, R. W., 2015. Management Accounting: Information for Managing and Creating Value. 7th ed. Australia: McGraw Hill. Recommended Readings:  Blocher, E. J., Stout, D. E., Juras, P., Cokins, G., 2012. Cost Management: A Strategic Emphasis. 6th ed. Sydney: McGraw Hill.  Garrison, R. H., Brewer, P. C., and Noreen, E. W., 2012. Introduction to Managerial Accounting. 14th ed. New York: McGraw Hill.  Hilton, R., Platte, D., 2013. Managerial Accounting. 10th ed. U.S.A: McGraw Hill.  Jackling, B., Raar, J., Wigg, R., McDowall, T., and Wines, G., 2011. Accounting – A Framework for Decision Making. 3rd ed. Australia: McGraw Hill. Periodicals Available:  Abacus  Accounting and Finance ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 7 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A  Accounting, Auditing & Accountability Journal  Accounting Research Journal  Acuity  Australasian Accounting, Business and Finance Journal  Australian Accounting Review  Australian Journal of Accounting Education  Australian Journal of Management  Contemporary Accounting Research  In The Black  International Journal of Finance and Accounting Studies  Journal of Accounting and Economics  Journal of Accounting and Public Policy  Journal of Applied Research in Accounting and Finance  Journal of Management Research (UK) Chartered Institute of Management Accountants  Management Accounting Quarterly (US); Institute of Management Accountants  Review of Accounting Studies Useful Websites The following websites are useful sources covering a range of information useful for this subject. However, most are not considered to be sources of Academic Peer Reviewed theory and research. If your assessments require academic peer reviewed journal articles as sources, you need to access such sources using the Library database, Ebscohost, or Google Scholar. Please ask in the Library if you are unsure how to access Ebscohost. Instructions can also be found in Moodle.  Australian Accounting Standards Board www.aasb.gov.au/  CPA Australia www.cpaaustralia.com.au  Chartered Accountants Australia and New Zealand www.charteredaccountants.com.au/  Institute of Public Accountants www.publicaccountants.org.au/  This website surveys the development of managerial accounting and explains the most important managerial accounting terms and concepts. It is managed by Ir. M. Geense, Delft University of Technology http://www.managerialaccounting.org/  An Open Source Introductory Management Accounting Textbook http://www.introtocost.info/  Management accounting tools for today and tomorrow - The CIMA management accounting survey asked about current and intended usage of more than 100 management accounting and related tools, and was completed by 439 respondents in July 2009. The survey covers techniques familiar to other management disciplines, and includes general approaches as well as the applied techniques suggested by the term „tools‟. http://www.cimaglobal.com/Documents/Thought_leadership_docs/CIMA%20Tools%20and%20Techniqu es%2030-11-09%20PDF.pdf (Note: Hyperlink has been removed to clearly see web address underscores) ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 8 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Section 3 - Assessment Details 3.1 Details of each Assessment Item The assessments for this subject are described below. Other assessment information and/or assistance can be found in Moodle including the marking rubric. Marking guides for Assessments follow the assessment descriptions. Students should compare their assessment final drafts against the marking guide before submission. Assessment submission is as per the instructions below. Please retain a photocopy and softcopy of all assessments. Assessment 1 Assessment Type: Tutorial Exercises – individual assessment Purpose: This assessment is designed to reinforce the subject content taught each week, and develop students‟ skills and application of knowledge of the subject content to real work situations. This contributes to Learning Outcomes a, b c, d and e. Value: 10% Due Date: Weekly Topic: Weekly subject content. Submission: In class submission Task Details: Students are expected to actively participate in all lecture/tutorial sessions. It is expected that they should read up on the topic of the day and keep up to date with current issues. Students should then be joining in the discussions and contributing point of views. Specific exercises will be given each week for completion and discussion. Marking Guide: A minimum of three (3) homework exercises will be collected and marked during the trimester. Marks will be allocated each week for correct answers and explanations and a final mark for this assessment will be calculated as an aggregate mark out of 10. Assessment 2 Assessment Type: Mid-trimester exam – closed book exam – individual assessment Students are expected to bring a non-programmable calculator to the test. No other materials will be permitted Purpose: The purpose of the mid-trimester examination is to test your understanding of course concepts and your ability to apply these concepts. This assessment relates to Learning Outcomes a, c and e. Value: 10% Due Date: Week 6 Topic: Subject content weeks 1 – 4 inclusive. The examination may cover materials used in tutorials, class discussions and/or from the readings. Task Details: The examination will include some multiple choice questions and some short and long answer questions which will require a mixture of calculations and theory to answer these questions. Marking Guide: Marks will be allocated based on correct answers and other relevant detail provided in the answers such as explanations, reasons or calculations as relevant. ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 9 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Assessment 3 Assessment Type: Group Assignment – Report and Group Presentation Purpose: To allow students to demonstrate their mastery of the subject, and further develop their team working skills. This assessment relates to Learning Outcomes a, b, c, and d. Value: Report 20% Presentation 10% Total value 30% Due Date: Draft Report – all groups – week 8 for review in class Final Report due 8pm Friday of Week 9 – ALL GROUPS Presentations weeks 10, 11 and 12 – specific dates will be allocated during trimester. Hard copies of all group’s PowerPoint presentations – ALL GROUPS - beginning of class week 10 - submit to the tutor. Submission – Report: One member ONLY of each group must upload the group report submission to the Turnitin Assignment Link on the KOI Moodle Subject Home Page no later than the due time of 8pm Friday of Week 9. A printed copy must also be handed to the Tutor during Week 10 tutorials to assist with marking. All submissions must be accompanied by a signed KOI Group Assignment Coversheet Presentation: Oral presentation in class using appropriate visual aids. A hard copy of all groups‟ PowerPoints to be handed to the tutor at the beginning of class Week 10. Topic: Role of management accounting in generating value – specific topics for each group will be approved by the lecturer. Task Details: A detailed task description will be issued in Week 4 after the relevant material has been covered during class sessions. It requires students to apply an evaluation of various management practices supported by management accounting information to a corporate scenario and report on how it may effect firm performance. Research requirements: Groups will need to support their analysis and recommendations with the text and a minimum of 8 current, relevant academic journal articles. Other academically acceptable sources may also be used as identified by the lecturer and/or tutor. The Group Presentation will give the lecturer the opportunity to ask questions of each student to clarify and points raised in their report that may require clarification and to demonstrate their higher level of critical evaluation of the topic and its application. Presentation: Presentation – 10 minute oral presentation (plus 5 minutes question time) with appropriate visual aids. All group members must participate. Report – 2500 +/- 10% word report format including:  title page  executive summary  table of contents  suitable headings and subheadings  reference list  appendices if relevant Marking Guides: Report: Marks will be allocated for the level and depth of research undertaken, the quality of referencing (Harvard Anglia Style), and the reasoning for conclusions. A detailed marking guide will be issued in Week 4 along with the choice of report topics. ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 10 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Presentation: The presentation mark out of 10 will be based on how well students demonstrate the following presentation skills:  clear communication  engage the audience  use eye contact to involve audience members  control of body movement  appropriateness and use of visual aids  ability to answer questions convincingly Individual groups members’ presentation marks may be adjusted up or down from the group mark if individual performances are relatively superior or inferior. ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 11 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Assessment Task 3 – Group Assignment Marking Rubric Criteria Item missing (Nil) Less than satisfactory (25%) Satisfactory (55%) Good (65%) Very Good (75%) Excellent (90%) Outstanding (100%) Research – extent and application Value 30% Mark awarded Criteria not met or absent Inaccurate, inappropriate or no use of literature. Analysis not developed. Few original explanations provided. Minimum number of sources, not all current or relevant. Paraphrasing used throughout but not always accompanied by original explanations. Theory relevant but not always linked to analysis. Sound selection of theory from a range of sources to build and adequately justifies analysis. Paraphrasing used throughout but accompanied by original explanations Insightful and appropriate selection of theory from a good range of current and relevant sources to systematically build and justify analysis. Minimal paraphrasing Integration and originality in the selection and handling of relevant theory to build and justify analysis. Wide range of current and relevant sources integrated in a systematic way. Outstanding integration and originality in the selections of relevant theory to build and justify analysis. Appropriate theory from a broad related range of current relevant sources to systematically build and justify analysis. Analysis of the organisations Value 30% Mark awarded Criteria not met or absent Poor evaluation. Significant gaps in knowledge of the theory and lack of understanding of company‟s capabilities. No analysis provided. Disjointed or no discussion. Simple discussion of areas of strength and weakness in the organisation‟s capabilities. Work reflects limited engagement with organisational context or relevant theory. Most aspects of the task completed but assessment lacks cohesion. Identifies and discusses areas of strength and weakness in the organisation‟s capabilities. Discussion of some relevant issues in theory and organisational content in evaluation providing some cohesion. Identifies and clearly explains areas of strength and weakness in the organisation‟s capabilities. Links to organisational context and relevant theory in evaluation. All aspects of the task completed with minimal errors in cohesion Identifies and insightfully discusses areas of strength and weakness in the organisation‟s capabilities. Strong links to organisational context and relevant theory in evaluation. All aspects of the task completed in a comprehensive and cohesive manner Fully identifies and provides outstanding critical analysis of strengths and weaknesses in organisations reviewed. Excellent links between the organisational contexts and evaluation. All aspects of the task completed Comparisons and conclusions Value 30% Mark awarded Criteria not met or absent Few of the major comparative elements have been identified. Conclusions mostly lack cohesion with the theory. Some of the comparisons were not well linked to the results of the evaluation or relevant theory. Sound comparisons made, linked to the evaluation results / may not be linked back systematically to relevant theory Displays elements of critical comparisons made, linked to the evaluation. Theory used systematically in the comparison of the organisation‟s capabilities In depth critical comparisons made. Theory used in insightful ways in application and discussion of the organisation‟s capabilities Outstanding critical insight in comparison of relevant organisations. Conclusions demonstrate a deep understanding of these organisations. Presentation Value 10% Mark awarded Criteria not met or absent Referencing mostly absent / not systematic / incorrect however some effort has been made.t Acceptable presentation – but errors demonstrate lack of attention to detail. Some attempt at referencing Sound presentation overall but some errors. Referencing is mainly accurate Displays elements of critical presentation Minor errors in some elements. Correct referencing throughout Excellent presentation – satisfies all elements. Correct referencing throughout Outstanding Presentation including accurate referencing Total mark out of 100 Comments Assessment mark /30 ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 12 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Assessment 4 Assessment Type: Final Exam – 3 hours – individual assessment Students are expected to bring a non-programmable calculator to the test. No other materials will be permitted Purpose: The purpose of the final examination is to test your understanding of course concepts and your ability to apply these concepts. The examination may cover materials used in tutorials, class discussions and/or from the readings. This assessment contributes specifically to Learning Outcomes a, b, c, d and e. Value: 50% Due Date: The final exam will be held in the official KOI exam period in Week 14 of the trimester. The specific date and time will be posted towards the end of the trimester. Topic: The examination may cover content from any part of the entire subject. Task Details: The examination will be 3 hours duration and will include short and long answer questions which will require a mixture of calculations and theory to answer these questions. 3.2 Late Penalties and Extensions An important part of business life and key to achieving KOI‟s graduate outcome of Professional Skills is the ability to manage workloads and meet deadlines. Consequently, any assessment items such as in-class quizzes and assignments missed or submitted after the due date/time will attract a penalty (see below). Students who miss mid-trimester tests and final exams without a valid and accepted reason (see below) may not be granted a deferred exam and will be awarded 0 marks for assessment item. These penalties are designed to encourage students to develop good time management practices, and create equity for all students. Any penalties applied will only be up to the maximum marks available for the specific piece of assessment attracting the penalty. Late penalties, granting of extensions and deferred exams are based on the following: o In Class Tests (excluding Mid-Trimester Tests) o No extensions permitted or granted – a make-up test may only be permitted under very special circumstances where acceptable supporting evidence is provided. The procedures and timing to apply for a make-up test (only if available) are as shown in Section 3.2.1 Applying for an Extension (below). o Missing a class test will result in 0 marks for that assessment element unless the above applies. o Written Assessments o - 5% of the total available marks per calendar day unless an extension is approved (see Section 3.2.1 below) o Presentations o No extensions permitted or granted – no presentation = 0 marks. The rules for make-up presentations are the same as for missing in-class tests (described above). o Mid-Trimester Tests and Final Exam o If students are unable to attend mid-trimester tests or the final exam due to illness or some other event (acceptable to KOI), they must: 1. Advise KOI in writing (email: [email protected]) as soon as possible, but no later than three (3) working days after the exam date, that they will be / were absent and the reasons. They will be advised in writing (return email) as to whether the circumstances are acceptable. 2. Complete the appropriate Application for Extension or Deferred Exam Form available from the Student Information Centre in Moodle, on the KOI Website (Policies and Forms) and the Reception Desk (Market St), as soon as possible and email with attachments to [email protected]. 3. Provide acceptable documentary evidence in the form of a satisfactorily detailed medical certificate, police report or some other evidence that will be accepted by KOI. 4. Agree to attend the deferred exam as set by KOI. ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 13 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Please note: there will only be one deferred exam offered.  Marks awarded for the deferred exam will be the marks awarded for that assessment.  If you miss the deferred exam you will be awarded 0 marks for the assessment. This may mean you are unable to complete (pass) the subject. 3.2.1 Applying for an Extension If students are unable to submit or attend an assessment when due, and extensions are possible, they must apply by completing the appropriate Application for Extension form available from the Student Information Centre in Moodle, the KOI Website (Policies and Forms) and the Reception Desk (Market St and Kent St), as soon as possible but no later than three (3) working days of the assessment due date. The completed form must be emailed with supporting documentation to [email protected]. Students and lecturers / tutors will be advised of the outcome of the extension request as soon as practicable. Appropriate documentary evidence to support the request for an extension must be supplied. Please remember there is no guarantee of an extension being granted, and poor organisation is not a satisfactory reason to be granted an extension. 3.3 Plagiarism and Referencing Please remember that all sources used in assessment tasks MUST be suitably referenced. Failure to acknowledge sources is plagiarism, and as such is a very serious academic issue. Students plagiarising run the risk of severe penalties ranging from a reduction through to 0 marks for a first offence for a single assessment task, to exclusion from KOI in the most serious repeat cases. Exclusion has serious visa implications. The easiest way to avoid plagiarising is to reference all sources. Harvard referencing is the required method – in-text referencing using Author‟s Surname (family name) and year of publication. While there are many versions of Harvard referencing, KOI prefers the Anglia version of Harvard referencing. A Referencing Guide “Harvard Referencing”, and a Referencing Tutorial can be found in the right hand menu strip in Moodle on all subject pages. An effective way to reference correctly is to use Microsoft Word’s referencing function (please note that other versions and programs are likely to be different). To use the referencing function, click on the References Tab in the menu ribbon – students should choose Harvard – Anglia 2008 as the style. A guide to this method can be found in Moodle. Authorship is also an issue under Plagiarism – KOI expects students to submit their own original work in both assessment and exams. All students agree to a statement of authorship when submitting assessments online via Moodle, stating that the work submitted is their own original work. Authorship becomes as issue under the following circumstances:  Handing in work created by someone else, whether copied from another student, written by someone else, or from any published or electronic source, is fraud, and falls under the general Plagiarism guidelines.  Copying / cheating in tests and exams also fall under these guidelines. Such incidents will be treated just as seriously as other forms of plagiarism.  Students who willingly allow another student to copy their work in any assessment situation may be considered to collude to the copying/cheating, and similar penalties may be applied. Further information can be found on the KOI website. 3.4 Reasonable Adjustment The Commonwealth Disability Discrimination Act (1992) makes it unlawful to treat people with a disability less fairly than people without a disability. In the context of this subject, the principle of Reasonable Adjustment is applied to ensure that participants with a disability have equitable access to all aspects of the ACC702 ACC702 MANAGERIAL ACCOUNTING T117 FINAL 06-06-2017 PAGE 14 OF 14 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A learning situation. For assessment, this means that artificial barriers to their demonstrating competence are removed. Examples of reasonable adjustment in assessment may include:  provision of an oral assessment, rather than a written assessment  provision of extra time  use of adaptive technology. The focus of the adjusted assessment should be on enabling the participants to demonstrate that they have achieved the subject purpose, rather than on the method used. 3.5 Appeals Process Full details of the KOI Assessment and Assessment Appeals Policy may be obtained in hard copy from the Library, and on the KOI website www.koi.edu.au under Policies and Forms. 3.5.1 Assessments and Mid-Trimester Exams Where students are not satisfied with the results of an assessment, including mid-trimester exams, they have the right to appeal. The process is as follows: 1. Discuss the assessment with their tutor or lecturer – students should identify where they feel more marks should have been awarded – students should provide valid reasons based on the marking guide provided for the assessment. Reasons such as “I worked really hard” are not considered valid. 2. If still not satisfied, students should complete an Application for Review of Assessment Marks form, detailing the reason for review. This form can be found on the KOI website and is also available at KOI Reception (Market St and Kent St). 3. Application for Review of Assessment Marks forms must be submitted as explained on the form within ten (10) working days of the return of the marked assessment, or within five (5) working days after the return of the assessment if the assessment is returned after the end of the trimester. 3.5.2 Review of Grade – whole of subject and final exams Where students are not satisfied with the results of the whole subject or with their final exam results, they have the right to request a Review of Grade – see the Assessment and Assessment Appeals Policy for more information. An Application for Review of Grade form (available from the KOI Website under Policies and Forms and from KOI Reception, Market St and Kent St) should be completed clearly explaining the grounds for the application. The completed application should be submitted as explained on the form, with supporting evidence attached, to the Academic Manager.