MANAGEMENT ACCOUNTING AND CONTROL

ACC2008
VERSION FOR TRIMESTER 3, AY 2020/21

This module profile may be subject to change during the trimester – the online version is the
authoritative version.

1. General Module Information

General Information

Credit* 5 credits
Pre-requisite(s) needed* ACC1001 Introduction to Financial Accounting
(module code and name) ACC1010 Introduction to Management Accounting
Pre-requisite(s) for other
modules* Management Accounting Focus Area
(module code and name)
Co-requisite(s)*
Nil
(module code and name)
Module Owner
SIT
(Institution)*
Module Owner
Bachelor of Accountancy (with Honours)
(Programme)*
Cross Listing*
Nil
(module code and name)
Result Type* Grade

Module Coordinator:
Name Email / Telephone
Asst. Prof. Michelle Zou Junqi [email protected]
+65 6592 1358

Module Tutor:
Name Email / Telephone
Associate Faculty Rebecca Ngee [email protected]
Mun Lai

Module: ACC2008 Management Accounting and Control AY:20/21 Tri 3

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 First taught in* AY2014 Trimester 2

Module Descriptor*

This management accounting module introduces students to management accounting and

control systems which are needed for the effective functioning of an organization. Prior to
undertaking this module, students are required to have basic management accounting
knowledge, i.e. Introduction to Management Accounting.

The design of management control systems involves a strong understanding of the

underlying strategy of an organization and effective performance measurement systems
so as to establish effective control systems. Student progress is assessed via mid-term
exam, student led tutorials, case study report and a final exam.

Module Changes in Response to Previous Feedback:

Nil

1.4 Consultation :

Name Consultations
Asst. Prof. Michelle Zou Junqi Wed 1-3 pm

Students seeking consultation are to write to the respective teaching staff to book a slot.

2. Learning Outcomes*

On successful completion of this module, students should be able to:

1. Identify and decipher the link between strategy, planning and control systems.
2. Identify and utilize suitable performance analysis methods through appropriate
variances.
3. Analyze the role of performance measures.
4. Evaluate different methods of transfer pricing and pricing decisions.
5. Analyse the role of inventory management.

In this module, you will be encouraged and facilitated to develop the ability and desire to:

• Acquire the skills required to learn, and to continue through life to learn, from a
variety of sources and experiences;
• Adapt acquired knowledge to new situations;
• Think and reason logically and creatively;

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 • Develop confidence to work independently through tutorial discussion;
• Develop business oral communication and presentation skills through in-class
presentation;
• Develop competencies to work more effectively in teams through the completion
of a group case analysis project.

3. Module Content and Learning Activities

The following lists the topics and learning activities that are planned for this module and the
amount of study hours associated with them.

Topics covered in the module

Contact
Topic Details hours
(optional)

Introductory An Overview of Management Accounting Control

4
Systems

Standard
Standard Costing, Flexible Budgeting, Analysis of
Costing and
Direct Costs, Overhead Costs and Advanced 12
Analysis of
Variances
Variances

Target Costing Target Costing and Cost Analysis for Pricing

4
Decisions

Responsibility A key concept used for Accountability and Goal

4
Accounting congruence

Performance measures inclusive of financial

Performance measures and multi-dimensional Performance
Measures 8
Measures (BSC) & Strategic Profitability Analysis
calculations

Calculation and analysis of transfer pricing decision

Transfer Pricing 4
on ensuring goal congruence

Inventory
Management Inventory management decisions 4

Revision Review lecture + Mid-Term test 4

Total: 44

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 Learning Activities

Type of Total study

Details
Activity load [hours]

A detailed teaching plan can be found on the

Module website. A blended approach may be
Lecture 24
used, integrating between e-learning, polling
quiz and lecture to reinforce key concepts.
Tutorials will be used to reinforce
understanding of the module material.
Students should attend one tutorial per
week. Tutorial questions will be provided on
Tutorial 20
the module website at least one week in
advance. In some of the tutorial sessions,
students will be working in small groups and
giving peer feedback on assessable work.
Materials for pre-lecture reading are shown
Preparatory in the module profile. Students are expected
41
work to complete the self-learning prior to their
lectures and the following week tutorial.

Students work on a various individual and

Project group assignments and projects involving 40
knowledge learnt from the class.

Total: 125

4. Learning Resources

Required Resources

For AY2019/20 Cohort:

Hilton, R.W., & Platt, D.E., (2015), Managerial Accounting: Creating Value in a
Dynamic Business Environment, 11th Ed., Global Edition, McGraw Hill Education
[ISBN 978-981-3151-65-9].
This is the same textbook prescribed for ACC1010 Introduction to Management Accounting.
(AY2019/20 Trimester 2). A copy can be purchased from Booklink Pte Ltd. There are also
a few copies of the textbook held in SIT’s library for reference.

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 For AY20/21 Cohort:

Management Accounting: ACC 1010 and ACC 2008 ebook

ISBN: 9789813136403
Lecture notes: Soft copies of lecture notes will be made available on the Learning
Management System (LMS) one week before each lecture. It is the responsibility of the
students to print the lecture materials.

Learning Management System: Important materials relating to the module will be hosted
at the module’s LMS: https://xsite.singaporetech.edu.sg. Students are expected to visit the
module’s LMS regularly.

Recommended Resources

The following references are useful alternatives to the main text. You may wish to consult
some of these references for an alternative coverage of the material. Copies are held in
the Library or can be accessed via the SIT Library’s eResources.
Reference Text

• Merchant, K.A., & Van der Stede, W., (2012) Management Control Systems:
Performance Measurement, Evaluation and Incentives, 3rd Edition, Prentice Hall

On-Line learning resource

Connect: McGraw-Hill Connect is a web-based assignment and assessment platform that

gives students the means to better connect with their coursework, with their instructors,
and with the important concepts that they will need to know for success now and in the
future. For ACC2008, the resources in Connect are not assessable in the module. Instead,
students are encouraged to utilize Connect at their own discretion to enhance their
learning experience. Please refer to LMS on the details of how to register for Connect, if
you have intention to use it for self-study purposes. Connect can be purchased together
with the prescribed textbook.

Any Other Learning Resources

There are also many good resources that are available freely online that may enhance
students’ learning experience in this module.

5. Assessment

Assessment Tasks*

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 This is a summary of the assessment in the module. For detailed information on each
assessment, refer to xSiTe. Dates for assessments are subject to minor amendment and
early notification will be made should changes be required.

Tentative
Assessment Task Weighting week/due
date
Tutorial and Class Participation
Students are required to conscientiously participate in Week 2 to
10%
both virtual lecture (via Zoom) and f2f tutorial Week 13
discussions.
Mid –term Test
The mid-term test will be drawn from lecture topics 14 Jun 2021,
covered in weeks 1 to 4, conducted in week 6 lecture 9-11am
time, in lecture time. 30%
(week 6)

2 hours (Online using respondus plus monitor) closed

book, written
Individual Assignment
Each student is required to complete an individual
assignment by end of week 8, from topics covered in 2 Jul 2021,
week 1 to 5. 10% 5pm
(week 8)
More details about the content and format will be
provided on xSITe later in the trimester.

Group Assignment – Case study

Students are required to prepare a group case study
report. Each group should consist of a maximum of 5
students. Peer feedback and assessment are rquired to
allow all group members to provide comments and 30 Jul 2021,
assessment on all group members towards the 20% 5pm
allocated group task. (week 12)

More details about the content and format will be

provided on xSITe later in the trimester.

Final Examination
Final examination - during Exam Period (Central)
Topic 5-10 will be covered in the final exam. Examination
30%
2 hours (Online using respondus plus monitor) closed Period
book, written

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 Pass Requirements

A “C” grade or above is considered as ‘Pass’ and an “F” grade is considered as “Fail”.
Students with grades “D” or “E” will be given the option to repeat the module but the
maximum GPA for the repeated attempt will be capped at 2.0. Successful completion of
the academic module is also based on fulfilment of any other requirement(s) set by the
module coordinator and programme director.

Marks are final after ratification by the Board of Examiners.

Do note that the criteria for acceptable standing in any given trimester is maintaining a
minimum Cumulative Grade Point Average (CGPA) of 2.0. Refer to the SIT Academic
Guide for further details.

Late Submission

The following applies in this module:

Assignments:
Late submissions for assignment, without penalties, require a written application to be
submitted prior to the submission deadline. If the right for a late submission was not
granted, late submission will then be accepted until 4 days after the original deadline, with
a penalty of 15% per day. Later than 4 days after the original deadline, no marks will be
awarded to late submissions.

6. Outline and Tentative Dates

Tentative schedule is listed below and is subject to change.

Pre Pre
Lecture
Week Topics/ Content Readings* Readings** Tutorials
Date
(AY19 Cohort) (AY20 Cohort)
Ch1 Ch1
Merchant’s Merchant’s
10 May Topic 1: Introduction to Management
1 “Management “Management No tutorial
2021 Control System
Control Control
Systems” Systems”
Review of
17 May Topic 2: Standard Costing and AC1010
2 Ch10 Ch 7
2021 Analysis of Direct Costs Topic 1
Questions

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 Topic 2
Questions
(Vesak
Topic 3: Flexible Budgeting and
24 May Day,
3 Analysis of Overhead Costs Ch11 Ch8
2021 Tutorial
replacem
ent class
TBC)
31 May Topic 3
4 Topic 4: Advanced Variance Analysis P1 CIMA P1 CIMA
2021 Questions
Topic 5: Target Costing and Cost
Analysis for Pricing Decisions
7 Jun Topic 4
5 Ch15 Ch13
2021 Questions
Revision for Mid-Term

14 Jun
6 2020 Mid Term Test during Lecture Time - -

7 RECESS WEEK
28 Jun Topic 5
8 Topic 6: Responsibility Accounting Ch12 Ch6 & Ch15
2021 Questions
Topic 7: Multi-dimensional
5 Jul Performance Measures (BSC) & Ch12 Topic 6
9 Ch12
2020 Strategic Profitability Analysis Horngren Questions

Topic 8: Financial Performance

12 Jul Topic 7
10 Measures Ch13 Ch23
2020 Questions
19 Jul Topic 9: Transfer Pricing Topic 8
11 Ch13 Ch22
2020 Questions
Ch20
26 Jul Topic 10: Inventory Management Topic 9
12 Horngren Ch20
2020 Questions
2 Aug Topic 10
13 Revision Lecture -
2020 Questions
*Pre-Reading for AY19 Cohort: The chapters, unless otherwise stated are referenced
from Hilton, 11th edition.

** Pre-Readings for AY20 Cohort: The chapters, unless otherwise stated are referenced
from Management Accounting: ACC 1010 and ACC 2008 ebook

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