UnitLevel 3Undergraduate

ACS3750 Cost and management accounting B

Faculty of Business and Economics

ACS3750 Cost and management accounting B is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at South Africa. It needs ACS2770.

Credit points
6
Offered in 2020
Semester 1, Semester 2
South Africa
Assessment
Exam 60%
and 3 other tasks
Workload
144 hours
per semester

This is the 2020 handbook entry. See the 2021 entry.

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Requisites

Before ACS3750

Prerequisites

Pass these before you enrol.

After ACS3750

No unit lists ACS3750 as a prerequisite in the 2020 handbook.

Overview

This unit builds upon the understanding, knowledge and skills developed in AFS2770/ACS2770 (Cost and management accounting A). The unit covers the theory, background and application of managerial decision making in respect of the following different types of decision making techniques: advanced cost-volume-profit analysis and sensitivity analysis, measuring relevant cost and revenues for decision making, complex activity based costing and management, advanced pricing decisions and profitability analysis, budgeting, advanced standard costing variance calculations, analysis and interpretation, performance management, cost estimation and cost behaviour and scarce resources.

Offerings in 2020

Teaching periodCampusMode
First semesterSouth AfricaOn campus
Second semesterSouth AfricaOn campus

Assessment

  • Within semester assessment
    15%
  • Within semester assessment
    15%
  • Objective tests and homework
    10%
  • ExaminationThreshold hurdle
    60%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    explain and discuss the role that management accounting information plays in organisations

  2. 2

    review critically, analyse, consolidate and synthesise knowledge of advanced quantification techniques to provide information for management decision-making and give advice

  3. 3

    demonstrate proficiency in applying the management accounting related instruments, techniques and procedures covered to theoretical and practical applications and interpret the results and advice accordingly

  4. 4

    identify, evaluate and critically review aspects broader than only financial aspects (such as environmental, social, economic and governance) in management decision making

  5. 5

    apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with management information and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3750.

Workload and teaching

  • Lectures36 hours
  • Tutorials12 hours
  • Teaching approachPeer assisted learning
  • Teaching approachProblem-based learning
  • Teaching approachCase-based teaching
  • Teaching approachActive learning

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

This unit will be taught by making use of a three-hour lecture each week, plus a separate one-hour tutorial each week for twelve weeks. Students will be expected to prepare for classes and may be tested on their preparation either before the class commences (through Moodle tests and assignments) or during class time.

Lectures will cover significant points relating to the topics (please refer to the detailed unit schedule), and lecture time may be used to cover a number of set problems. It is not intended that the lectures will cover every aspect of the topic, but rather that the lectures will provide a framework of the important theoretical concepts and practical issues. It is against this background that students are expected to attend lectures and participate actively. Students should spend additional private study time on the references indicated in the unit guide or on the unit website. Lectures are not a substitute for reading or independent learning and reflection. In general, you are expected to spend two to three hours of self-directed study (as a minimum!) for each hour in class.

Tutorials will be used to solve set problems and to allow students to raise and discuss relevant issues and areas of concern. Attendance at tutorials and performance in written work are regarded as important and are strongly recommended. Tutorial and class registers will be kept , and active class participation may be included in the assessment mark for the semester.

To ensure a high probability of successfully completing this unit, students need to approach the subject in a systematic way. This should involve at least the following:

- Reading the prescribed material prior to the lecturing session;
- Preparing solutions to the set problems well in advance;
- Attending lectures and tutorials, and actively participating in both;
- Reviewing material from other references/resources from time to time; and
- Attempting all the set problems (from tutorial classes and question banks to be made available on Moodle) prior to the semester tests and examinations.

Learning resources

Recommended resources

Additional readings will be prescribed and made available via Moodle as and when considered necessary.

The prescribed textbook is Drury, C. (2018). Management and cost accounting (10th ed.). London: Cengage.

Technology resources

You may use any non-programmable financial calculator, but the recommended calculator is the HP10bII+ calculator.

Contacts

Chief Examiners
Ms Stefani Coetzee

Common questions

What are the prerequisites for ACS3750?

You need ACS2770 before you enrol.

When is ACS3750 offered?

In 2020, ACS3750 runs in Semester 1 and Semester 2 at South Africa.

How much work is ACS3750?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ACS3750 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 3 other tasks.

More details

Credit points
6
Level
3
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Accounting
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 3
Study abroad
Not available
Handbook years
20202021