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Unit of study_

ACCT5002: Managerial Accounting and Decision Making

This unit introduces the context and processes of managerial accounting, with financial and non-financial information literacy to inform both understanding and application of key managerial accounting techniques. Critical business career skills of ethical behaviour in difficult situations, collaboration, problem-solving, time management, persuasive communication and following instructions are fostered across the areas of cost accounting, business performance, and strategic value creation in management accounting. Through weekly 'business practicals', students get real-world like experience in addressing practical managerial accounting issues in organisational contexts. Students become familiar with the many kinds of managerial accounting decisions concerning the techniques, benefits and risks of accounting frameworks chosen. The unit is completed with a capstone case study which consolidates learning and allows students to use their new knowledge and skills gained in identifying and addressing operational and strategic issues facing organisations concerning competition, innovation and government regulation.


Academic unit Accounting
Unit code ACCT5002
Unit name Managerial Accounting and Decision Making
Session, year
Semester 1, 2020
Attendance mode Normal day
Location Camperdown/Darlington, Sydney
Credit points 6

Enrolment rules

Available to study abroad and exchange students


Teaching staff and contact details

Coordinator Geoff Frost,
Lecturer(s) Reaven Yu ,
Gary Robert Oliver,
Sabrina Shen,
Type Description Weight Due Length
Small continuous assessment group assignment Application of knowledge
20% Ongoing n/a
Outcomes assessed: LO7 LO6 LO5 LO4 LO3 LO2 LO1
In-semester test (Live+ supervised) Type A in-semester exam Mid-semester exam
Written exam
20% Week 03 1.5 hours
Outcomes assessed: LO1 LO2 LO3 LO6 LO7
Final exam (Live+ supervised) Type A final exam hurdle task Final exam
Written exam
50% Week 04 2 hours
Outcomes assessed: LO1 LO2 LO3 LO6 LO7
Assignment Assignment
Written assignment
10% Week 12 2000 words
Outcomes assessed: LO1 LO2 LO3 LO5 LO6 LO7
hurdle task = hurdle task ?
group assignment = group assignment ?
Type A in-semester exam = Type A in-semester exam ?
Type A final exam = Type A final exam ?
  • Assignment: From an assigned case, students will display knowledge using the analytical frameworks, calculative techniques, theory, and practice insights gained in this unit of study and present their findings in a written report.
  • Mid-semester exam: A closed book exam in which students will display knowledge using the analytical frameworks, calculative techniques, theory, and practical insights gained in this unit of study. The task will cover material from weeks 2-5 inclusive.
  • Final exam: A closed book exam in which students will display knowledge using the analytical frameworks, calculative techniques, theory, and practice insights gained in this unit of study. The exam will cover material from weeks 1-12 inclusive. The final exam is listed as a HURDLE TASK which means you must complete the assessment in order to pass the unit. Students who fail to score 45% in this assessment, even when their aggregate mark for the entire unit of study is above 50%, will be given a Fail grade for this unit. As a result, a student's academic transcript will show a Fail grade and the actual mark achieved if the final mark of the unit is between 0-49 and a Fail grade and a capped moderated mark of 49 for all other final marks.

Replacement exams: The Business School has determined that second replacement exams (both mid-semester and final) will not be offered for this unit of study should a student submit two special considerations for the same exam as this unit forms part of the professional accounting accreditation pathway. Should a student be granted a replacement exam via special consideration, and is then unable to attend or does not complete the replacement exam, any subsequent special consideration will result in a DC grade (Discontinue Without Fail).

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range


High distinction

85 - 100

Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 


75 - 84

Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.


65 - 74

Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.


50 - 64

Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 


0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Special consideration

If you experience short-term circumstances beyond your control, such as illness, injury or misadventure or if you have essential commitments which impact your preparation or performance in an assessment, you may be eligible for special consideration or special arrangements.

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

WK Topic Learning activity Learning outcomes
Week 01 Introduction to management accounting: an overview Lecture (3 hr)  
Week 02 Costing: an overview Lecture (3 hr)  
Week 03 Conventional cost allocation with job order costing Lecture (3 hr)  
Week 04 Activity based costing (ABC), time driven ABC, and cost management Lecture (3 hr)  
Week 05 Issues with cost allocation Lecture (3 hr)  
Week 07 Pricing decisions Lecture (3 hr)  
Week 08 Cost volume profit (CVP) analysis Lecture (3 hr)  
Week 09 Operational planning using the articulated master budget Lecture (3 hr)  
Week 10 Operational and strategic control: flexible budgets, interactive analysis, and diagnostic variance analysis of direct and overhead costs Lecture (3 hr)  
Week 11 Strategic appraisal of capital investment projects and relevant costing Lecture (3 hr)  
Week 12 Accounting and strategising Lecture (3 hr)  
Week 13 Wrap up Lecture (3 hr)  

Attendance and class requirements

Lecture recordings: All lectures and seminars are recorded and will be available on Canvas for student use. Please note the Business School does not own the system and cannot guarantee that the system will operate or that every class will be recorded. Students should ensure they attend and participate in all classes.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

Hilton, R.W., and Platt, D.E. (2016). Managerial Accounting: Creating Value in a dynamic business environment (11th ed.), Dubuque: McGraw-Hill Education.

All readings for this unit can be accessed through the Library eReserve, available on Canvas.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University’s graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. identify managerial accounting issues associated with making costs visible, improving business performance, ensuring effective controls, and implementing organisational strategy
  • LO2. identify, use, and critically evaluate underlying theories, concepts, relevant principles, techniques, technologies, assumptions, and arguments required to understand managerial accounting issues
  • LO3. recognise the strategic and operational implications of managerial accounting issues and the linkages between them to meet new business challenges with deadlines
  • LO4. obtain or select, and then analyse relevant data leading to the formulation of options (alternatives), determining the preferred recommendations to resolve managerial accounting issues
  • LO5. appreciate the dynamic business environment in which managerial accounting issues emerge and evolve and, through examining reputable source materials, appreciate the evolving nature of the knowledge required to resolve such issues
  • LO6. communicate effectively and to a professional standard, to individuals and groups, both orally and in writing, in order to manage, persuade, and challenge others
  • LO7. appreciate the ethical dimensions and challenges to acting ethically in conducting your work, within and beyond the classroom, by acting in accordance with the accounting profession's codes of conduct.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
No changes have been made since this unit was last offered.


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