Management Accounting and Business

RMIT University Vietnam

Course Description

  • Course Name

    Management Accounting and Business

  • Host University

    RMIT University Vietnam

  • Location

    Ho Chi Minh City, Vietnam

  • Area of Study

    Accounting, Business

  • Language Level

    Taught In English

  • Prerequisites

    Pre-requisite Courses and Assumed Knowledge and Capabilities

    It is assumed that you have an appreciation of fundamental accounting concepts and practices.

    Hours & Credits

  • Host University Units

    12
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    6
  • Overview

    Course Description

    This course highlights the role of management accounting. It provides an introduction to the key methods used by accountants when providing management accounting information for a variety of planning and strategic decisions. 

    This course is based on both the theory and practice of management accounting. You will be assisted in developing skills for conceptualising management accounting issues in a variety of organisational contexts. You will be encouraged to develop practical skills in areas of budgeting and planning for short-term operations. In addition, you will develop the skills to contribute theoretical insights to management accounting data to support long-term strategic decisions.

     

    Objectives/Learning Outcomes/Capability Development

    On successful completion of this course you will be able to:

    • Identify the industry environment in which a company operates, the value-chain participants and associated activities.
    • Identify, compile and analyse accounting data for the management team to make decisions.
    • Apply management accounting skills in different organisational contexts.
    • Prepare budgets for short-term operational plans and longer-term strategic capital investments.
    • Evaluate and make assumptions about pricing business and operating plans and recognise the trade-offs required’ if different courses of action are taken.
    • Identify and appraise business risks faced by organisations and propose ways to manage these risks.
    • Construct budgets and financial performance measurement systems using spreadsheets and associated formulas.
    • Communicate and collaborate with other organisational experts to express group ideas and collective decisions related to budgets and financial performance measurement systems.

     

    Overview of Learning Activities

    In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.

     

    Overview of Learning Resources

    Various learning resources are available online through MyRMIT StudiesBlackboard. These may include topic notes and slides, a study schedule, assessment details, links to relevant internet information, readings and communication tools to facilitate collaboration with your peers and sharing of information.

    Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT library website.

    Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.

    This course includes a Work Integrated Learning (WIL) experience in which your knowledge and skills will be applied and assessed in a real simulated workplace context and where feedback from industry and/or community is integral to your experience.

     

    Overview of Assessment

    The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

    Assessment Task 1: 20%
    Linked CLOs:1, 2, 3, 4, 5, 6, 7, 8

    Assessment Task 2: 30%
    Linked CLOs: 1, 2, 3, 4, 5

    Final Exam: 50%
    Linked CLOs: 1, 2, 3, 4, 5, 6

    Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.