UNSW Business School

ACCT5996: Management Accounting & Business Analysis

Student Preparation Guide

Budgeting

For UNSW student use only. You must not distribute or sell any part of this this document to others.

Topic Summary
Focuses on budgets and discuss their importance for organisational planning and control. We will examine
the components of the master budget and apply processes through which budgets are prepared.

Learning Objectives
By the end of this topic, you should be able to:
1. Outline major purposes for budgeting, and how it connects to strategic planning processes.
2. Describe the master budget process, identify its major components and assumptions, and explain
interrelationships between its components.
3. Complete the major budgeting schedules in a master budget
4. Discuss and critique the behavioural consequences of the budgeting process.

Mapping Topic Objectives to Readings and Competencies

Topic Learning Objectives LS 8e Chapters and Objectives

1 CH09: LOs 9.1-9.3
2 CH09: LOs 9.4-9.6, 9.8
3 CH09: LOs 9.7, 9.11
4 CH09: LO 9.9

Preparation: What You Must do Before the Seminar

1. Complete required readings:
• Langfield-Smith et al. 8E, Chapter 9. Read all the chapter objectives specified (as above).
• Additional reading on Behavioural Consequences of Budgeting (available on Moodle).
2. Prepare for the Class Exercises: Review Questions 9.12 and 9.13.
3. Read and prepare for the assigned case study:
• SRS Education Supply (Case (pdf), and Worksheets (Excel)) – available from Moodle
4. Prepare for the Exam-Style Questions – available on Moodle.

What you Should Bring to the Seminar

1. Your Laptop/tablet.
• Make sure you can connect to the university wifi.
2. This week’s Class Exercises (from the textbook) and Exam Style Questions (from Moodle).
3. The SRS Educational Supply case materials (available from Moodle)
• Case document (pdf)
• Template worksheets (Excel)
business.unsw.edu.au

Last Updated 16 January 2017 CRICOS Code 00098G